Bank officials have said trustees’ efforts to sell voting shares in the corporation to out-of-state investors would set the bank up for a forced sale and leave a consumer-minded farm lender in the hands of aggressive East Coast investors. The trustees have said a sale could net millions of dollars for the philanthropy, which would benefit the region as a whole.
Source: Please visit wctrib.com The West Central Tribune for the full article
Judge allows Bremer Financial to oust two trustees from corporate board
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