Frandsen Bank & Trust
FDIC #1399
📍 Lonsdale, Minnesota
Frandsen Bank & Trust is a commercial bank, state charter and fed member, supervised by the federal reserve (frb). established in 08/01/1901. With assets of $3.35 Billion, it operates 40 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: December 7, 2020
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
December 7, 2020
Satisfactory
May 21, 2018
Outstanding
April 4, 2016
Satisfactory
💰 Financial Strength
Total Assets$3.35 Billion
Total Deposits$2.76 Billion
Equity Capital$261.11 Million
Net Income$32.48 Million
📈 Performance
ROA1.33%
ROE16.44%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established08/01/1901
FDIC Cert1399
Holding CoFrandsen Financial Corp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeOctober 25, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2022
Merger / Acquisition
Acquired: Bank Of Zumbrota
2022
Merger / Acquisition
Acquired: Pine Island Bank
2020
Merger / Acquisition
Acquired: Peoples Bank Midwest
2016
Merger / Acquisition
Acquired: Provincial Bank
2013
Merger / Acquisition
Acquired: Clinton State Bank