Frandsen Financial Corporation
BankingMinnesota, United States51-200 Employees
Frandsen Financial Corporation is an interstate bank holding company based in Arden Hills, Minnesota. It owns and operates a network of full-service community banks in Minnesota, Wisconsin, and North Dakota, including Frandsen Bank & Trust and the December 2021 acquisitions of Bank of Zumbrota and Pine Island Bank. The group holds more than $3 billion in assets and provides centralized services—such as data processing, accounting, regulatory reporting, auditing, human resources, policy management, and marketing—to support its banks and focus on customer relationships. Frandsen Financial was founded in 1982 when Dennis Frandsen purchased Fidelity State Bank in Luck, Wisconsin. It has grown by acquiring community banks and emphasizes operating in a true community banking environment that aims to nurture long-term relationships with customers.