FRANDSEN BANK & TRUST HISTORY
- Bank Name:Frandsen Bank & Trust
- Bank Class:Federal Reserve Member Bank
- Member FDIC:Certificate #1399
- Locations:36 Branches in 3 states
Frandsen Bank & Trust was founded on August 1, 1901 and has been serving the financial needs of their customers for over 122 years.
Frandsen Bank & Trust currently operates with 36 branches located in 3 states as a subsidiary of Frandsen Financial Corporation. Check below for important events in banks history.
IMPORTANT EVENTS IN BANKS HISTORY
Below is a list of some important events in the history of Frandsen Bank & Trust, including mergers and acquisitions.
DATEEVENT
08-01-1901Institution established. Original name: State Bank of New Ulm.
02-05-1970Changed Institution Name to State Bank & Trust Company of New Ulm.
08-01-2001Changed Institution Name to Valley Bank & Trust.
11-01-2004Changed Institution Name to Frandsen Bank & Trust.
11-01-2004Main Office moved to 116 Central Street West, Lonsdale, MN 55046.
11-01-2004Acquired Rural American Bank-Montgomery/Lonsdale (1921) in Lonsdale, MN.
04-01-2005Acquired Valley Bank Dundas (1395) in Dundas, MN.
03-04-2006Acquired Rural American Bank - Foley (10209) in Foley, MN.
08-18-2008Acquired First National Bank of Montgomery (18705) in Montgomery, MN.
10-19-2009Acquired Community Bank of the Red River Valley (19180) in East Grand Forks, MN.
10-19-2009Acquired Northern National Bank (34592) in Nisswa, MN.
05-17-2010Acquired Valley Bank (18845) in Waterville, MN.
03-21-2011Acquired Rural American Bank - Luck (9525) in Luck, WI.
03-21-2011Acquired Rural American Bank - Braham (5099) in Braham, MN.
08-22-2011Acquired Queen City Federal Savings Bank (31204) in Virginia, MN.
03-17-2012Acquired State Bank of Bird Island (8184) in Bird Island, MN.
10-21-2013Acquired Clinton State Bank (1099) in Clinton, MN.
04-01-2015Institution becomes member of the Federal Reserve System.
04-01-2015Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).
04-01-2015Changed Primary Federal Regulatory Agency to Fed.
10-22-2016Acquired Provincial Bank (34443) in Lakeville, MN.
10-17-2020Acquired Peoples Bank Midwest (5347) in Hayward, WI.
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