Frandsen Bank & Trust - Grand Forks

Contact Info

Frandsen Bank & Trust - Grand Forks
Bernie Knutson
1616 S Washington
Grand Forks, ND 58201

Phone: 701-780-7700
Fax: 701-780-7709
Email: bknutson@frandsenbank.com
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Services

Hours of Operation

Lobby Hours:

Mon - Fri 9:00 AM - 4:00 PM
Sat Closed

Drive-Up Hours

Mon - Fri 8:00 AM - 6:00 PM
Sat 8:00 AM - noon

Our Social Networks/Blogs

About Us

Frandsen Bank & Trust provides a true, full-service community banking experience to over 30 communities throughout Minnesota, North Dakota, and Wisconsin. By forming meaningful relationships with all customers, both large and small, we are able to deliver custom financial solutions that support their goals.

Founded in 1982 by Dennis Frandsen, Frandsen Bank & Trust is owned by Frandsen Financial Corporation (FFC), a $3 billion interstate holding company, with an additional $1 billion in assets managed by our investment and trust divisions. Based in Arden Hills, Minn., FFC provides crucial operational support services to its bankers – allowing them more time with customers to develop personal, long-term banking relationships.

We are a diverse and inclusive organization with a shared vision to create success in the lives of our customers, communities, and employees. The unique backgrounds, experiences, and talents of our workforce provide everyone the opportunity to grow and prosper. By employee opinion, we have earned Star Tribune Top Workplace four consecutive years, showcasing our commitment to the engagement and satisfaction of our entire team.

Mission Statement

Our mission is to determine needs, develop relationships, and deliver solutions.

About The Chamber...

News

Frandsen Bank's Dennis Welch Named Coleman 2022 SBA 7(a) Len (03/03/22)
Coleman Publishing, a leading provider of information to small business bankers across the nation, recently recognized their 2022 SBA Professional Award winners. Frandsen Bank's SBA division manager, Dennis Welch, was named their 2022 SBA 7(a) Lender of the Year. Nine other lenders and six companies were recognized in other categories during a webinar earlier in February.

Since his arrival in 2016, Frandsen Bank has consistently been a top 10 SBA lender in Minnesota.

In 2021 Dennis and the Frandsen Bank SBA team closed 67 SBA loans, including 53 7(a) loans, totaling over $56 million, while also closing an additional 2,264 PPP loans ($100 million). In 2020 they closed 2,039 PPP loans ($223 million).

Welch is a veteran of the 82nd Airborne Division and was named the Minnesota Veteran Small Business Champion in 2018 for his work presenting to and helping veterans with their small business financing.

Frandsen Bank & Trust Opens Hermantown Office (02/18/22)
Frandsen Bank & Trust has completed construction of a new full-service office at 4803 Miller Trunk Highway, Hermantown, Minn. The bank, at the intersection of Miller Trunk Highway and Arrowhead road, opened for business on Monday, February 14.

Frandsen Bank has been serving Duluth from their downtown office on Superior Street since 2017. Duluth market president Brian Shelton says, “The decision for Frandsen Bank to expand into Duluth in 2017 was made to better serve our Cloquet customers, and to get into a new, growing market. We are continuing that model in Hermantown. We want to better serve our Duluth clients and this new location accomplishes that by adding a drive-thru and putting bankers in two locations in the area. We look forward to serving our current and new customers in this location for a long time.”

The Hermantown office of Frandsen Bank & Trust is open Monday through Friday from 9:00 a.m. to 5 p.m., with drive-thru hours from 8:30 a.m. to 5:00 p.m. Monday through Friday.

The Downtown Duluth office of Frandsen Bank has lobby hours from 9:00 a.m. to 5:00 p.m. Monday through Friday.

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