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Bremer Bank history
Bremer Bank company history timeline
In 1943, Otto created Bremer Bank as a bank holding company to consolidate his stake in the community banks, giving the banks the advantage of acting as a group.
The ownership of the Otto Bremer Company was transferred to the foundation in 1949.
To begin with, the Bremer Foundation had been unable to find a solution to the 1969 tax law dilemma, and the deadline was looming.
Established in 1973, the enterprise at first performed audits and credit reviews of the banks.
Bremer Financial Corp. began coordinating the activities among its banks beginning in 1983.
1989: Foundation sells part of holding company to employees.
dividends paid to the Otto Bremer Trust since 1989.
Although it was late in the game, Bremer Financial Corp. began offering proprietary mutual funds in 1997.
First American opened its first Twin Cities grocery store branches in mid-1997.
The seven First American banks located in the Twin Cities underwent a name change in July 1998.
1998: Banks take on Bremer name for the first time.
About 25 percent of the state's financially active nonprofits were members of the council, according to a June 2001 Star Tribune article.
Total Assets: $5 billion (2001 est.)
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Bremer Bank competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Commerce Bank | 1865 | $1.4B | 4,766 | 229 |
| TCF Financial | 1923 | $2.1B | 10,000 | - |
| Bank of the West | 1874 | $2.8B | 9,261 | - |
| Sterling National Bank | 1888 | $145.7M | 2,076 | - |
| Bank of America | 1998 | $85.5B | 200,000 | 3,956 |
| U.S. Bank | 1863 | $202.1M | 70,000 | 2,403 |
| Wells Fargo | 1852 | $2.4B | 268,531 | 2,160 |
| M&T Bank | 1856 | $499.3M | 16,840 | 1,062 |
| Provident Bank | 1839 | $1.9M | 1,159 | 87 |
| TruStone Financial Credit Union | 1939 | $8.3M | 375 | 5 |
Bremer Bank history FAQs
Zippia gives an in-depth look into the details of Bremer Bank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Bremer Bank. The employee data is based on information from people who have self-reported their past or current employments at Bremer Bank. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Bremer Bank. The data presented on this page does not represent the view of Bremer Bank and its employees or that of Zippia.
Bremer Bank may also be known as or be related to BREMER FINANCIAL CORP, Bremer Bank, Bremer Financial, Bremer Financial Corporation and Bremer Insurance Agencies, Inc.