Frandsen Bank & Trust named one of Forbes’ “America’s Best Banks In Each State”
ARDEN HILLS — Frandsen Bank & Trust was recently named one of America’s Best Banks in Minnesota by Forbes magazine. Of the nearly 5,400 banks in the United States, only 149 made the 2019 list, and only three banks from Minnesota were recognized.
“We were thrilled to learn that the rankings are driven entirely off of customer survey responses. What a huge compliment from our customers,” Frandsen Financial Corporation CEO Chuck Mausbach said.
The list is a result of Forbes and a market research firm surveying over 25,000 United States customers for their opinions about current and former banking relationships. Banks were scored on satisfaction and recommendations, as well as trust, terms and conditions, branch services, digital services, and financial advice.
Frandsen Bank & Trust has assets in excess of $1.7 billion and offers a complete array of business, agricultural, real estate and consumer loans, savings, and financial services, serving communities in Minnesota, Eastern North Dakota, and Western Wisconsin.