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Associated Press, Published September 04 2010

Bremer Bank to open branch in Bismarck

BISMARCK, N.D. (AP) - Bremer Bank says it will open a branch in Bismarck in 2011.

The bank is owned by the St. Paul, Minn.-based Otto Bremer Foundation, which distributes much of its dividends from banking to causes in the communities where its banks do business.

Its grants totaled $23 million in 2009, including $2.6 million in North Dakota and Minnesota towns in the Red River Valley and another $2.5 million in other parts of North Dakota.

The foundation is already familiar with many of the nonprofit agencies in Bismarck-Mandan. Over the past 10 years, it has donated to several projects.