HomeMy WebLinkAbout2015 11-23 2015 Minnesota Business Award Finalist PIONEER PRESS .�� � �{ Home E-newsletters Subscri
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2oi5 Minnesota Family Susiness Award Finalists '
'I�vin Cities Business and its
, sponsor partners recognize
these successful Minnesota
n�I��I���I� �a�� family businesses and the
��� � �� values they perpetuate.
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���� ���AWARDS N Retum to main artide
Premier Barilcs �
Inception:i974 �
Headquarters:Maplewood j
Family members in the business:i6
Employees:179
Founded as Maplewood Sta[e Bank,Premier now has i9 branches throughou[the'1\vin Cities metro area.
Founder ponald Regan remains chairman;members of his famity's third generation are now involved in the
business.Like all banks,Premier saw asse[losses during the last recession.Bu[in the past three years,loans
have grown i9.83 percent,and assets have grown by 5.76 percent.During good years,the banking company has
a profit-sharing program:In 20�4,profit-sharing contributions as a percentage of gross wages were i2.y4
percent.
Family values:The Regan family has been par[icularly involved in programs that promote cross-cultural
understanding throughout the world.Contributions and bank-employee participation support schooling and
medical secvices in Venezuela and nine other countries in Iatin America,Africa and Eastern Europe.
http://tcbmag.com/Honors-and-Events/Minnesota-Family-Busi