Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Minnesota AG jumps into fight between Bremer Bank and the charity that owns it


January 14, 2020

Minnesota Attorney General Keith Ellison said Monday that he is investigating the circumstances of the proposed sale of Bremer Bank and has asked for a delay in litigation surrounding the deal.

The move adds yet another player to the battle over the future of the state's fourth-largest bank and comes just days after a group of Bremer shareholding employees filed suit to intervene. The charitable trust that controls a majority of the bank's shares argues that a sale would provide more money to fulfill its philanthropic mission.


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