State of Minnesota, Bremer Trust file final arguments for control of bank-owning charity
Attorney General's Office and Bremer Trust sum up a month's worth of court testimony in a pair of documents
January 12, 2022
Trustees of the Otto Bremer Trust will keep trying to sell Bremer Financial Corp., Minnesota's fourth-largest bank, whether or not it makes financial sense, the Minnesota Attorney General's Office said in a post-trial summary of its effort to remove them.
The trustees said in their own summary of October's trial that they have always managed conflicts of interest "with appropriate precision" and should be allowed to keep their jobs atop a foundation that annually distributes tens of millions of dollars across the Midwest.
The filings, which were made Monday evening and available publicly Tuesday, summarized a conflict that began in 2019 between the St. Paul-based Bremer businesses - and will soon lie in the hands of Ramsey County District Judge Robert Awsumb.