Bremer Bank Headquarters Information

Bremer Bank is the name of a number of banks that are held by the Bremer Financial Corporation. Bremer Financial Corporation is a bank holding company that was established back in 1943.

Bremer Bank currently has branches in:

• Minnesota
• North Dakota
• Wisconsin

The bank operates a total of 95 branches in these states.

The bank is currently valued at around $12 billion and is owned jointly by Bremer employees and the Otto Bremer Trust.

Presently the bank employs nearly 2000 people at its various branches. The Otto Bremer Foundation holds a huge majority of the company’s stock (92%). Each year, the foundations donates about $25 million and the employees also participate in many volunteer activities.

History of Bremer Bank

Bremer Bank was founded by Otto Bremer who immigrated to Minnesota from Germany in 1886. Before he set up the bank, he worked as a bookkeeper for the National German American Bank.

Otto Brener worked at this bank for 36 years during which he rose up to become the bank’s chairman. He also co-owned and managed the Jacob Schmidt Brewing Company and was the city’s treasurer for more than 10 years.

He would also serve as an advisor to two American presidents:

1. Woodrow Wilson
2. Franklin D. Roosevelt

During the Great Depression, Bremer invested his own money in small town banks in the area. By the mid-30s, he had stock in 55 area banks.

In 1943, Otto Bremer started the Otto Bremer Company. It was to serve as a holding corporation so he could consolidate his interests in the banks he’d invested in. At this time, he was either the sole or majority owner of most of these banks.

One year later, he formed the Otto Bremer Foundation. This charitable organization was supposed to provide grants in the towns where Bremer Banks were located for public use. The funds for the foundation came from the holding company.

Otto Bremer passed away in 1951 and most of his fortune went to the Otto Bremer Foundation. He was 83 years old at that time.

Headquarters of Bremer Bank

A building located at 372 Saint Peter Street in the city of Saint Paul currently serves as the headquarters of Bremer Bank.

Bremer Bank Operations

Bremer Bank is involved in a wide range of banking and non-profit activities. The bank offers traditional banking services which include:

• Checking and Savings accounts
• Loans
• Mortgages
• Private banking services etc.

The bank’s customers can also use the bank’s online banking services for purposes of viewing their statements and making bill payments.

However, the bank’s activities are not restricted to personal banking. The bank also has many business customers. Business customers can access products and services such as:

• Community Business Banking Checking accounts
• Business debit cards
• Savings accounts
• Money Markets accounts etc.

The bank also provides loans which include farm and agriculture loans, working capital, equipment finance, loans for commercial real estate etc.

The bank is also known for its charitable work. Not only does it contribute millions each year, the employees also volunteer more than 100,000 hours every year to the communities they serve.

Bremer Bank Headquarters Address

372 St Peter St, St Paul, MN 55102, USA

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