Summit Brewing Saved From $8M Foreclosure Lawsuit as New Lender Steps In

Summit Brewing saved from $8M foreclosure lawsuit as new lender steps in

Summit Brewing could avoid foreclosure with new lender

The St. Paul-based beer maker said Thursday it had reached an agreement with its previous lender, BMO Bank.

Summit Brewing secures new lender after facing $8M foreclosure lawsuit

The new lender is working on a recapitalization and long-term growth strategy for the St. Paul brewery. “Today is a day of gratitude and genuine excitement for all of us at Summit,” said CEO Brandon Bland.

Summit Brewing: 'We now have a clear path forward' after financial uncertainty

A new lender will take over the 40-year-old brewery's loans following a threat of possible foreclosure.

Summit Brewing avoids foreclosure, finds new lender

One of Minnesota’s largest brewers announced Thursday it has reached an agreement with it’s lender, BMO Bank, to avoid a potential foreclosure. The brewery CEO did not identify the new lender.

Summit Brewing New Lender Takes Over BMO Loans, Brewery Stays Open

From orbit, St. Paul looked calm on Thursday. Down on the surface, one of Minnesota’s oldest craft breweries was quietly stepping back from a cliff. The Summit Brewing new lender announcement, made Oct. 15, 2026, says the loans BMO Bank once held now belong to a different lender, one Summit has not named. A month...