Frandsen Bank & Trust

Details Frandsen Bank & Trust Frandsen Bank & Trust

www.frandsenbank.com

Minnesota

Rice

Lonsdale

(NM) Commercial bank, state charter and Fed nonmember

active

1399

1901

FDIC Certificate Number: 1399
FDIC's unique number: 921
The FDIC Field Office where an institution is physically located: Mankato

Federal Reserve ID Number: 751656
Report Date: 2011-06-30

Bank Charter Class: NM

Number of Domestic Offices: 35
Number of Foreign Offices: 0
The date of the last data update: 2011-08-29

1901-08-01 Institution established. Original name: State Bank Of New Ulm.
1970-02-05 Changed name to State Bank & Trust Company Of New Ulm .
2001-08-01 Changed name to Valley Bank & Trust .
2004-11-01 Acquired Rural American Bank-montgomery/lonsdale in Lonsdale, Minnesota.
2004-11-01 Changed name to Frandsen Bank & Trust .
2004-11-01 Moved bank headquarters from New Ulm, Minnesota to Lonsdale, Minnesota.
2005-04-01 Acquired Valley Bank Dundas in Dundas, Minnesota.
2006-03-04 Acquired Rural American Bank - Foley in Foley, Minnesota.
2008-08-18 Acquired First National Bank Of Montgomery in Montgomery, Minnesota.
2009-10-19 Acquired Community Bank Of The Red River Valley in East Grand Forks, Minnesota.
2009-10-19 Acquired Northern National Bank in Nisswa, Minnesota.
2010-05-17 Acquired Valley Bank in Waterville, Minnesota.
2011-03-21 Acquired Rural American Bank - Braham in Braham, Minnesota.
2011-03-21 Acquired Rural American Bank - Luck in Luck, Wisconsin.
2011-08-22 Acquired Queen City Federal Savings Bank in Virginia, Minnesota.

Total assets: $1,145,063,000
Total deposits: $961,482,000
Deposits held in domestic offices: $961,482,000
Equity capital: $148,624,000

Net income: $4,092,000

Return on Assets: 0.71
Return on Equity: 5.52
Last updated on: 2011-10-20

Bank Holding Company: Frandsen Financial Corporation

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