Summit’s Owner Confident They Won’t Lose Brewery to Foreclosure

Dear Client: After news broke a few days ago that top 50 craft brewer Summit Brewing could go to foreclosure, with its lender, BMO Bank, alleging the St. Paul, MN-based brewer had “missed a major loan payment” and owed more than $8.2 million in total, Summit’s founder and controlling owner is speaking out.  “I think we’re close to the floor of this deep trough cycle – one that’s the deepest I’ve ever experienced in 40 years,” founder Mark Stutrud told