Frandsen Bank & Trust
- Bank Name:Frandsen Bank & Trust
- Bank Class:State Chartered - FED Member Bank
- Member FDIC:Certificate #1399
- Routing Number:ACH & Wire - 091901202
- Locations:41 Branches in 3 states
- Web Address:frandsenbank.com
Frandsen Bank & Trust Information
Frandsen Bank & Trust was founded in August 1901 and is based in Lonsdale, Minnesota. The bank operates as a subsidiary of Frandsen Financial Corporation. According to the Federal Deposit Insurance Corporation records and based on the institution's charter type, Frandsen Bank & Trust is classified as a commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB). Frandsen Bank & Trust is a FDIC-insured bank with certificate number of 1399. The assigned Fed RSSD ID of Frandsen Bank & Trust is 751656.
Frandsen Bank & Trust currently operates with 41 branches located in 3 states. The bank has most branches in Minnesota, Wisconsin and North Dakota. As of today, Frandsen Bank & Trust is the 186th largest bank in US by branch count. Frandsen Bank & Trust is the 6th largest bank in Minnesota with 36 branches; 96th in Wisconsin with 4 branches and 63rd in North Dakota with 1 branches.
A routing number is a nine-digit code used to identify a financial institution. The bank has one routing number in our database and the routing number for Frandsen Bank & Trust is 091901202. This routing number is necessary to process ACH transfers, wire transactions, direct deposits, bill payments, and other monetary transfers within the US.
The full address of bank headquarters is 116 Central Street West, Lonsdale, MN 55046. You can visit the official website of the bank at https://frandsenbank.com for more information and online banking service if available. For a comprehensive list of Frandsen Bank & Trust branches, including detailed information such as hours of operation, contact numbers, addresses, available services, and more, please narrow your search by selecting a location from the map or list below.
Map Of Branch Locations
Bank Offices By State
- 36 Offices in MN
- 1 Offices in ND
- 4 Offices in WI
History Of Frandsen Bank & Trust
Frandsen Bank & Trust is a financial institution established on August 1, 1901, originally named State Bank of New Ulm. Over the years, the bank has undergone several name changes, becoming State Bank & Trust Company of New Ulm on February 5, 1970, and later Valley Bank & Trust on August 1, 2001. The bank rebranded to its current name, Frandsen Bank & Trust, on November 1, 2004, coinciding with the relocation of its main office to Lonsdale, Minnesota. The bank has been active in expansion through acquisitions, notably acquiring Rural American Bank-Montgomery/Lonsdale in November 2004, followed by several other banks including Valley Bank in Waterville, Minnesota in May 2010 and Northern National Bank in Nisswa, Minnesota in October 2009. In recent years, Frandsen Bank & Trust has continued its growth strategy by acquiring Bank of Zumbrota in Zumbrota, Minnesota and Pine Island Bank in Pine Island, Minnesota in October and September of 2022, respectively. The institution became a member of the Federal Reserve System and changed its regulatory status to a state-chartered bank on April 1, 2015. Throughout its history, Frandsen Bank & Trust has maintained a focus on community banking and service.
Below is a list of some important events in bank's history, including mergers and acquisitions.
10-15-2022Acquired Bank of Zumbrota in Zumbrota, MN.
09-17-2022Acquired Pine Island Bank in Pine Island, MN.
10-17-2020Acquired Peoples Bank Midwest in Hayward, WI.
10-22-2016Acquired Provincial Bank in Lakeville, MN.
04-01-2015Changed Primary Federal Regulatory Agency to FED.
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