Statement from the Otto Bremer Trust dated Nov. 19, 2019

In response to the legal action filed today by Bremer Financial Corporation (BFC), OBT released the following statement:

“It’s disappointing that BFC has chosen a path of obstruction and conflict in this matter. In doing so, they are acting in a manner that seems certain to hurt the bank and its employees, to waste the resources of the company, and to hurt the people Otto Bremer dedicated his life and fortune to helping.

“The allegations in the lawsuit are false and without merit. We’re confident the courts will quickly see this tactic for what it is: an ill-founded attempt by conflicted management and directors to deprive all shareholders of the value of their stock and to deny employees and communities of any legitimate exploration of their opportunities.”