NEW?ULM - Michael Schwartz, president of Frandsen Bank & Trust New Ulm has been appointed to the Frandsen Bank & Trust board of directors. Schwartz has been in banking since 1988 and started with Frandsen Bank & Trust New Ulm in 2001. He has been president since 2003. He has been active in the community having served on the New Ulm Economic Development Corporation board, Cathedral of the Holy Trinity finance council, member and past president of the New Ulm Club, New Ulm Park & Rec Board, and a member of the New Ulm Rotary Club.
Frandsen Bank & Trust has assets of $1.50 billion and banking locations in 30 communities in Minnesota, Wisconsin and North Dakota.