Thursday, December 29, 2011

Otto Bremer's Legacy "Gives" On!

Genesys Works Twin Cities recently published a story about the partnership with the organization, the Otto Bremer Foundation and Bremer Bank.

Otto Bremer's Legacy "Gives" On!

In the 1947 holiday classic, “It’s a Wonderful Life,” the character played by Jimmy Stewart stops a run on his family’s bank by panicked depositors by offering up his own money to cover their immediate needs. Hollywood needed to look no further than Saint Paul, Minnesota, and the wonderful life of Otto Bremer to find inspiration for such a scene. Mr. Bremer owned a number of rural banks in Minnesota, North Dakota, Montana and Wisconsin, and like George Bailey, he showed up at his banks carrying satchels of his personal money to keep depositors from pulling their money from the banks during the height of the Great Depression. His actions not only kept the banks from failing, but maintained the economic integrity of the communities his banks served. You can read more about the amazing life of Otto Bremer here.

What does Otto Bremer have to do with Genesys Works? Lots. Two entities he created, the Otto Bremer Foundation and Bremer Financial Corporation, have played impactful roles in the growth of Genesys Works in the Twin Cities, something for which we will be forever grateful.

Read the complete story.

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