FRANDSEN FINANCIAL CORP
1 active bank · 24 merged/absorbed · $3.7B combined assets
RSSD ID: 1128358
Combined Assets
$3.7B
CRA Rating Summary
Bank Charters
Each charter is examined independently for CRA compliance. Legacy entities were merged or absorbed during corporate consolidation.
FRANDSEN BANK & TRUST
LONSDALE, MN · FDIC · $3.7B
SatisfactoryCOMMUNITY BANK OF THE RED RIVER VALLEY
Merged 2009EAST GRAND FORKS, MN · FDIC · $282M
SatisfactoryVALLEY BANK
Merged 2010WATERVILLE, MN · FDIC · $249M
SatisfactoryBANK OF ZUMBROTA
Merged 2022ZUMBROTA, MN · FDIC · $202M
SatisfactoryPINE ISLAND BANK
Merged 2022PINE ISLAND, MN · FDIC · $157M
SatisfactoryRURAL AMERICAN BANK - BRAHAM
Merged 2011BRAHAM, MN · FDIC · $109M
SatisfactoryPROVINCIAL BANK
Merged 2016LAKEVILLE, MN · FDIC · $89M
SatisfactoryRURAL AMERICAN BANK-MONTGOMERY/LONSDALE
Merged 2004LONSDALE, MN · FDIC · $73M
SatisfactoryRURAL AMERICAN BANK - FOLEY
Merged 2006FOLEY, MN · FDIC · $73M
SatisfactorySTATE BANK OF TOWER
Merged 2009TOWER, MN · FDIC · $64M
SatisfactoryRURAL AMERICAN BANK - HECTOR/FAIRFAX
Merged 2006HECTOR, MN · FDIC · $57M
SatisfactoryRURAL AMERICAN BANK - LUCK
Merged 2011LUCK, WI · FDIC · $55M
SatisfactorySTATE BANK OF BIRD ISLAND
Merged 2012BIRD ISLAND, MN · FDIC · $45M
SatisfactoryVALLEY BANK MINNESOTA
Merged 2009JORDAN, MN · FDIC · $42M
SatisfactoryCITIZENS STATE BANK OF MONTGOMERY
Merged 1999MONTGOMERY, MN · FDIC · $38M
SatisfactoryRURAL AMERICAN BANK - ADA
Merged 2005ADA, MN · FDIC · $35M
SatisfactoryPEOPLES STATE BANK OF WARREN
Merged 1996WARREN, MN · FDIC · $34M
SatisfactoryVALLEY BANK DUNDAS
Merged 2005DUNDAS, MN · FDIC · $27M
SatisfactoryFIDELITY STATE BANK OF FAIRFAX
Merged 2000FAIRFAX, MN · FDIC · $26M
OutstandingCITIZENS STATE BANK OF WATERVILLE
Merged 2006WATERVILLE, MN · FDIC · $22M
SatisfactoryFIRST STATE BANK OF GILMAN, INCORPORATED
Merged 1993GILMAN, MN · FDIC · $17M
SatisfactoryRURAL AMERICAN BANK - ISLE
Merged 1992ISLE, MN · FDIC · $17M
SatisfactoryFARMERS BANK
Merged 1999MINNESOTA LAKE, MN · FDIC · $16M
OutstandingVALLEY STATE BANK OF OSLO
Merged 2001OSLO, MN · FDIC · $15M
OutstandingSTURGEON LAKE STATE BANK
Merged 1995STURGEON LAKE, MN · FDIC · $12M
Satisfactory
| Charter | Location | Regulator | Assets | Current Rating | Exam Date |
|---|---|---|---|---|---|
| FRANDSEN BANK & TRUST | LONSDALE, MN | FDIC | $3.7B | Satisfactory | Mar 2013 |
| COMMUNITY BANK OF THE RED RIVER VALLEYMerged 2009 | EAST GRAND FORKS, MN | FDIC | $282M | Satisfactory | Apr 2004 |
| VALLEY BANKMerged 2010 | WATERVILLE, MN | FDIC | $249M | Satisfactory | Mar 2008 |
| BANK OF ZUMBROTAMerged 2022 | ZUMBROTA, MN | FDIC | $202M | Satisfactory | Nov 2019 |
| PINE ISLAND BANKMerged 2022 | PINE ISLAND, MN | FDIC | $157M | Satisfactory | May 2021 |
| RURAL AMERICAN BANK - BRAHAMMerged 2011 | BRAHAM, MN | FDIC | $109M | Satisfactory | Aug 2008 |
| PROVINCIAL BANKMerged 2016 | LAKEVILLE, MN | FDIC | $89M | Satisfactory | Dec 2014 |
| RURAL AMERICAN BANK-MONTGOMERY/LONSDALEMerged 2004 | LONSDALE, MN | FDIC | $73M | Satisfactory | Aug 2002 |
| RURAL AMERICAN BANK - FOLEYMerged 2006 | FOLEY, MN | FDIC | $73M | Satisfactory | Mar 2004 |
| STATE BANK OF TOWERMerged 2009 | TOWER, MN | FDIC | $64M | Satisfactory | Feb 2004 |
| RURAL AMERICAN BANK - HECTOR/FAIRFAXMerged 2006 | HECTOR, MN | FDIC | $57M | Satisfactory | Jan 2002 |
| RURAL AMERICAN BANK - LUCKMerged 2011 | LUCK, WI | FDIC | $55M | Satisfactory | Jun 2008 |
| STATE BANK OF BIRD ISLANDMerged 2012 | BIRD ISLAND, MN | FDIC | $45M | Satisfactory | Jul 2008 |
| VALLEY BANK MINNESOTAMerged 2009 | JORDAN, MN | FDIC | $42M | Satisfactory | Feb 2009 |
| CITIZENS STATE BANK OF MONTGOMERYMerged 1999 | MONTGOMERY, MN | FDIC | $38M | Satisfactory | Jul 1996 |
| RURAL AMERICAN BANK - ADAMerged 2005 | ADA, MN | FDIC | $35M | Satisfactory | Jun 2002 |
| PEOPLES STATE BANK OF WARRENMerged 1996 | WARREN, MN | FDIC | $34M | Satisfactory | Feb 1996 |
| VALLEY BANK DUNDASMerged 2005 | DUNDAS, MN | FDIC | $27M | Satisfactory | Feb 2004 |
| FIDELITY STATE BANK OF FAIRFAXMerged 2000 | FAIRFAX, MN | FDIC | $26M | Outstanding | Mar 1999 |
| CITIZENS STATE BANK OF WATERVILLEMerged 2006 | WATERVILLE, MN | FDIC | $22M | Satisfactory | Jul 2005 |
| FIRST STATE BANK OF GILMAN, INCORPORATEDMerged 1993 | GILMAN, MN | FDIC | $17M | Satisfactory | Jun 1993 |
| RURAL AMERICAN BANK - ISLEMerged 1992 | ISLE, MN | FDIC | $17M | Satisfactory | Feb 1992 |
| FARMERS BANKMerged 1999 | MINNESOTA LAKE, MN | FDIC | $16M | Outstanding | Dec 1995 |
| VALLEY STATE BANK OF OSLOMerged 2001 | OSLO, MN | FDIC | $15M | Outstanding | Mar 1999 |
| STURGEON LAKE STATE BANKMerged 1995 | STURGEON LAKE, MN | FDIC | $12M | Satisfactory | Mar 1994 |
CRA (Community Reinvestment Act) exams are conducted per charter, not per holding company. Asset figures are from the most recent FDIC call report.