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Frandsen Bank & Trust
Frandsen Bank & Trust of Lonsdale, MN is open today. It is the same bank that used to be called State Bank of New Ulm, State Bank & Trust Company of New Ulm, Valley Bank & Trust: the name changed, the bank did not close. 31 other banks have been folded into it over the years.
Its names, in order
Every legal name on the FDIC record for this certificate.
- 1901State Bank of New Ulm opens in Lonsdale, MN
- Feb 5, 1970renamed State Bank & Trust Company of New Ulm
- Aug 1, 2001renamed Valley Bank & Trust
- Nov 1, 2004renamed Frandsen Bank & Trust
- TodayOPEN
Frandsen Bank & TrustMain office Lonsdale, MN · FDIC certificate 1399 · 40 offices in 4 states
Its offices in the FDIC deposit reports
56 offices filed under this charter in some year from 1994 on. 41 are still open as of June 30, 2026. Showing 40.
| Office | Now |
|---|---|
| 240 Belgrade AveNorth Mankato, MN | Open |
| 10583 Main StHayward, WI | Open |
| 2001 W Broadway AveForest Lake, MN | Open |
| 1440 S Main StZumbrota, MN | Open |
| 1413 Central Ave NwEast Grand Forks, MN | Open |
| 1616 S Washington StGrand Forks, ND | Open |
| 501 Chestnut StVirginia, MN | Open |
| 100 N Minnesota StNew Ulm, MN | Open |
| 341 4th Ave NFoley, MN | Open |
| 128 S Main StPine Island, MN | Open |
| 125 1st St SMontgomery, MN | Open |
| 560 3rd Ave SePine City, MN | Open |
| 3585 Highway 61 NVadnais Heights, MN | Open |
| 200 S Main StLuck, WI | Open |
| 712 Highway 33 SCloquet, MN | Open |
| 7429 Excelsior RdBaxter, MN | Open |
| 200 Creek Ln NJordan, MN | Open |
| 715 Stafford Rd NDundas, MN | Open |
| 4251 Southtowne DrEau Claire, WI | Open |
| 116 Central St WLonsdale, MN | Open |
| 165 Main StClinton, MN | Open |
| 410 2nd St WAda, MN | Open |
| 121 Main St SBraham, MN | Open |
| 528 N 1st StWarren, MN | Open |
| 7303 161st St WRosemount, MN | Open |
| 20280 Iberia AveLakeville, MN | Open |
| 206 Main StreetHector, MN | Open |
| 102 E Sheridan StEly, MN | Open |
| 205 Main St SBird Island, MN | Open |
| 320 Main St EWaterville, MN | Open |
| 100 Park St SFairfax, MN | Open |
| 4803 Miller Trunk HwyHermantown, MN | Open |
| 331 W Superior StDuluth, MN | Open |
| 111 State Road 35 NDresser, WI | OpenFirst National Community Bank |
| 415 Main StTower, MN | Open |
| 212 Main StOslo, MN | Open |
| 302 E 4th AveMilbank, SD | Open |
| 823 Belknap StSuperior, WI | Open |
| 59 Highway 23 WFoley, MN | Open |
| 35470 Cty Rd 3Crosslake, MN | Open |
Banks folded into Frandsen Bank & Trust
16 banks merged directly into this charter; counting the banks those had absorbed earlier, 31 charters end up inside it.
| Bank | Ended |
|---|---|
| Bank of ZumbrotaZumbrota, MN | Oct 15, 2022 |
| Pine Island BankPine Island, MN | Sep 17, 2022 |
| Peoples Bank MidwestHayward, WI | Oct 17, 2020 |
| Provincial BankLakeville, MN | Oct 22, 2016 |
| Clinton State BankClinton, MN | Oct 21, 2013 |
| State Bank of Bird IslandBird Island, MN | Mar 17, 2012 |
| Queen City Federal Savings BankVirginia, MN | Aug 22, 2011 |
| Rural American Bank - BrahamBraham, MN | Mar 21, 2011 |
| Rural American Bank - LuckLuck, WI | Mar 21, 2011 |
| Valley BankWaterville, MN | May 17, 2010 |
| Community Bank of the Red River ValleyEast Grand Forks, MN | Oct 19, 2009 |
| Northern National BankNisswa, MN | Oct 19, 2009 |
| First National Bank of MontgomeryMontgomery, MN | Aug 18, 2008 |
| Rural American Bank - FoleyFoley, MN | Mar 4, 2006 |
| Valley Bank DundasDundas, MN | Apr 1, 2005 |
| Rural American Bank-Montgomery/LonsdaleLonsdale, MN | Nov 1, 2004 |
Source: FDIC BankFind institution and history records, read Nov 15, 2026. Look up certificate 1399 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.