OBT reflects the ethos and vision of its namesake, a banking pioneer and co-owner of the Jacob Schmidt Brewing Company who had immigrated to Minnesota from Germany. Mr. Bremer established his bank during the Great Depression and risked personal assets to keep it solvent and serving its community financing function.
Mr. Reardon administers grants to numerous organizations each year and ensures that regulatory compliance is maintained and that OBT fulfills its function as a bank holding company. Funding approved in 2015 included a grant to District No. 1 of the Bismarck Public Schools to provide social and academic support to children in western North Dakota living in poverty.