Bremer Bank Names New Twin Cities CEO
Bremer Bank said Friday that it has chosen Jeanne Crain, a former M&I Bank executive, to be its new Twin Cities regional president and CEO—a move that takes effect June 18.
Crain will be responsible for the bank’s 27 Twin Cities locations, which collectively boast $2.7 billion in assets, and its 300 employees. Bremer has 57 locations in Minnesota and approximately 100 locations in the tri-state area—which includes Minnesota, North Dakota, and Wisconsin.
Crain will report to Kevin Powers, who became a “group president” in February 2010; Powers originally supervised all of Bremer’s North Dakota and northwest Minnesota locations. But when Bremer’s former Twin Cities regional president and CEO Steve Meads left in September 2010 to become president of Minnetonka-based MidCountry Bank, Powers added supervision of the Twin Cities region to his role.
Although Crain will be directly responsible for the Twin Cities region after assuming her new role, Powers will continue to oversee North Dakota, northwest Minnesota, and the Twin Cities region in a broader capacity.
Crain is a Minnesota native who has nearly 30 years of banking experience. She comes to Bremer from Chicago-based BMO Harris Bank, where she serves as Minnesota president.
BMO Harris made its Minnesota debut last year when it purchased Milwaukee-based Marshall & Ilsley Corporation—parent company of M&I Bank, which had a major local presence. Crain became president of M&I Bank’s Minnesota region in 2007, four years before BMO acquired Marshall & Ilsley. Since the acquisition, she has held the same position for BMO Harris, which has $94.6 billion in assets.
Prior to joining M&I, Crain was executive vice president of Minneapolis-based Excel Bank’s private and commercial banking group.
“The Twin Cities is a critically important market to Bremer,” Powers said in a statement. “Jeanne is a seasoned banking professional, possessing both strong knowledge of the Twin Cities market, coupled with a deep understanding of the role community banking plays.”
Bremer Bank operates under the Otto Bremer Foundation—a St. Paul-based holding company that has $8.1 billion in assets.