In the past five years, Bremer Financial and its owner, the Otto Bremer Trust, spent tens of million on legal fees, the bank’s performance went down and the bank industry’s acquisition market took a blow. The resulting drop of value from nearly $2 billion in 2019, when merger interest first came Bremer’s way, and its $1.4 billion acquisition price means a drop in proceeds to nonprofit causes because of its unusual ownership structure.
Read More: Minnesota charities out $500M because of drop in Bremer’s valuation
