Statement from the Otto Bremer Trust

January 8, 2020

In response to the legal action filed today, OBT released the following statement:

“We believe very strongly that the bank’s employees are the integral component of Bremer’s culture, its successes to date, and its future. And while we disagree with the substance of today’s legal filing, we share the plaintiffs’ obvious concern for what comes next for the bank and its people. For that reason, we strongly believe that looking at strategic options for the bank is good for the institution, good for its employees, good for the people and communities who benefit from the philanthropy Otto Bremer made possible, and good for everyone who—like the Trust—is a shareholder in the enterprise.”

Contact: David Hakensen, H Co., 612-840-4592