Bank · FDIC insured
Frandsen Bank & Trust
A $3.7B bank, the 354th largest of 4,207, headquartered in Lonsdale, MN, with 40 branches in 4 states.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: only special-purpose accounts (IRA, youth) are published. Savings: rates are not published online. Auto loans: no rates found on its website. Credit cards: no rates found on its website.
- CDs—4.00%CD rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Frandsen Bank & Trust
Chartered in 1901, Frandsen Bank & Trust started in 1982 when founder Dennis Frandsen purchased his hometown bank in Luck, Wisconsin, and remains family-owned today.
The bank serves nearly 40 communities across Minnesota, North Dakota, South Dakota, and Wisconsin, and is consistently one of the top SBA lenders in Minnesota.
- Headquarters
- 116 Central St W, Lonsdale, MN 55046
- FDIC certificate
- 1399 ↗
Branches
40 branches in 4 states
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Minnesota
34 branches
Foley area · 2
- Foley Drive-Thu Branch59 Highway 23 W, Foley, MN 56329Directions
- Foley Branch341 4th Ave N, Foley, MN 56329Directions
Lonsdale area · 1
- Frandsen Bank & TrustMain office116 Central St W, Lonsdale, MN 55046Directions
Ada area · 1
- Ada Branch410 2nd St W, Ada, MN 56510Directions
Baxter area · 1
- Baxter Branch7429 Excelsior Rd, Baxter, MN 56425Directions
Bird Island area · 1
- Bird Island Branch205 Main St S, Bird Island, MN 55310Directions
Braham area · 1
- Braham Branch121 Main St S, Braham, MN 55006Directions
Clinton area · 1
- Clinton State Bank Branch165 Main St, Clinton, MN 56225Directions
Cloquet area · 1
- Cloquet Branch712 Highway 33 S, Cloquet, MN 55720Directions
Crosslake area · 1
- Crosslake Branch35470 Cty Rd 3, Crosslake, MN 56442Directions
Duluth area · 1
- Beacon Bank - Duluth Branch331 W Superior St, Duluth, MN 55802Directions
Dundas area · 1
- Dundas Branch715 Stafford Rd N, Dundas, MN 55019Directions
East Grand Forks area · 1
- East Grand Forks Branch1413 Central Ave Nw, East Grand Forks, MN 56721Directions
Ely area · 1
- 102 East Sheridan Branch102 E Sheridan St, Ely, MN 55731Directions
Fairfax area · 1
- Fairfax Branch100 Park St S, Fairfax, MN 55332Directions
Forest Lake area · 1
- Forest Lake Branch2001 W Broadway Ave, Forest Lake, MN 55025Directions
Hector area · 1
- Hector Branch206 Main Street, Hector, MN 55342Directions
Hermantown area · 1
- Hermantown Office Branch4803 Miller Trunk Hwy, Hermantown, MN 55811Directions
Jordan area · 1
- Jordan Branch200 Creek Ln N, Jordan, MN 55352Directions
Lakeville area · 1
- Lakeville Branch20280 Iberia Ave, Lakeville, MN 55044Directions
Mankato area · 1
- Madison Avenue Branch1580 Madison Ave, Mankato, MN 56001Directions
Montgomery area · 1
- Montgomery Branch125 1st St S, Montgomery, MN 56069Directions
New Ulm area · 1
- New Ulm Main Branch100 N Minnesota St, New Ulm, MN 56073Directions
North Mankato area · 1
- North Mankato Main Branch240 Belgrade Ave, North Mankato, MN 56003Directions
Oslo area · 1
- Oslo Branch212 Main St, Oslo, MN 56744Directions
Pine City area · 1
- Pine City Branch560 3rd Ave Se, Pine City, MN 55063Directions
Pine Island area · 1
- Pine Island Branch128 S Main St, Pine Island, MN 55963Directions
Rosemount area · 1
- Lakeville Bank Branch7303 161st St W, Rosemount, MN 55068Directions
Tower area · 1
- Tower Office415 Main St, Tower, MN 55790Directions
Vadnais Heights area · 1
- Vadnais Heights Branch3585 Highway 61 N, Vadnais Heights, MN 55110Directions
Virginia area · 1
- Queen City Federal Savings Bank Branch501 Chestnut St, Virginia, MN 55792Directions
Warren area · 1
- Warren Branch528 N 1st St, Warren, MN 56762Directions
Waterville area · 1
- Waterville Branch320 Main St E, Waterville, MN 56096Directions
Zumbrota area · 1
- Zumbrota Main Street Branch1440 S Main St, Zumbrota, MN 55992Directions
Wisconsin
4 branches
Eau Claire area · 1
- Eau Claire Branch4251 Southtowne Dr, Eau Claire, WI 54701Directions
Hayward area · 1
- Hayward Branch10583 Main St, Hayward, WI 54843Directions
Luck area · 1
- Luck Branch200 S Main St, Luck, WI 54853Directions
Superior area · 1
- Superior Office Branch823 Belknap St, Superior, WI 54880Directions
North Dakota
1 branch
- Grand Forks Branch1616 S Washington St, Grand Forks, ND 58201Directions
South Dakota
1 branch
- Milbank Office Branch302 E 4th Ave, Milbank, SD 57252Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 10.02% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.71% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 1.82% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $81 | $88 | — |
- CapitalLeverage ratio10.02%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.71%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets1.82%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$81Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Frandsen Bank & Trust are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.