St. Paul.-based Bremer Bank broke ground on a new branch building in downtown St. Cloud, Minn.
The two-story branch will span nearly 20,000 square feet at the site of the former St. Cloud City Hall building, at the southeast corner of Second Street South and Fifth Avenue South. The building is being demolished as part of the redevelopment.
Bremer Bank is expected to replace traditional bank teller lines with “partner tables” in the branch lobby. Bremer is expected to employ more than 80 employees at the branch, which is slated for completion by summer 2023.
Minnesota-based Frauenshuh, Inc., and Inventure Properties are the development and project management consultants for the project. RJM Construction is the general contractor. A ceremonial groundbreaking is slated for August.
Construction is taking place as part of the $8 million Highbanks Plaza development. Bremer’s former St. Cloud branch will be acquired by the investment company Granite Partners to become an innovation hub and headquarters for the company.
“For nearly 100 years, Bremer Bank has been proud to be a valuable banking resource for the St. Cloud community,” said Bremer President and CEO Jeanne Crain. “While downtown may look different than when Bremer first opened its doors here, our commitment to this city and our customers is steadfast. We remain committed to providing quality and value-added financial services to our central Minnesota customers in a more modern and personalized environment that puts customers first and competitively positions us for decades to come.”