Frandsen Bank & Trust - Lakeville, Minnesota

Introduction

Nestled in the heart of Lakeville, Minnesota, Frandsen Bank & Trust stands as a beacon of financial reliability and community involvement. With a robust history dating back to 1902, this local bank has evolved to meet the dynamic needs of its customers, offering a wide array of banking services tailored to both personal and business accounts. Let's delve into the details of Frandsen Bank & Trust, located at 20280 Iberia Ave, Lakeville, MN 55044.

Main Services

• Personal Banking: Frandsen Bank & Trust offers a comprehensive suite of personal banking services, including checking and savings accounts, money market accounts, and certificate of deposit (CD) options. Their personal banking solutions are designed to cater to diverse financial needs, from everyday transactions to long-term savings goals.
• Business Banking: The bank provides a range of business banking services, such as business checking accounts, savings accounts, and commercial loans. They also offer payroll services, merchant services, and treasury management solutions to help local businesses thrive.
• Mortgage Services: As a mortgage lender, Frandsen Bank & Trust assists both first-time homebuyers and experienced homeowners with a variety of mortgage products, including fixed-rate and adjustable-rate mortgages, FHA, VA, and USDA loans, and jumbo loans.
• Online and Mobile Banking: The bank offers convenient online and mobile banking platforms, enabling customers to manage their accounts, transfer funds, pay bills, and deposit checks remotely. Their mobile app is available for both iOS and Android devices.
• ATM Services: Frandsen Bank & Trust provides 24/7 access to funds with their network of ATMs, offering cash withdrawals, check deposits, and balance inquiries. Customers can also use their debit cards at ATMs affiliated with the Allpoint and NYCE networks.

Location and Access

Frandsen Bank & Trust is conveniently located at 20280 Iberia Ave, in the heart of Lakeville, Minnesota. The bank is situated in the Lakeville City Center, close to the intersection of Iberia Ave and 170th St W. This strategic location ensures easy access for residents and businesses in Lakeville and its surrounding communities.

Public Transportation: The Lakeville Transit bus service operates nearby, with the closest stop located at the Lakeville City Hall. Customers can also use the METRO Blue Line light rail, with the Lakeville station approximately 10 minutes away by car.

Parking: The bank offers ample, free parking for customers, including a dedicated drive-through ATM lane for quick transactions. The parking lot is wheelchair-accessible, with designated spaces available for customers with mobility impairments.

Featured Characteristics

• Drive-through Services: Frandsen Bank & Trust offers a drive-through lane for customers to access various banking services without leaving their vehicles. The drive-through is open during regular business hours, providing added convenience for busy customers.
• Wheelchair Accessibility: The bank is committed to ensuring accessibility for all customers. The entrance and parking area are wheelchair-accessible, and the interior of the bank features wide aisles and accessible teller windows.
• Community Involvement: Frandsen Bank & Trust takes pride in its deep roots in the Lakeville community. The bank actively supports local organizations, events, and initiatives through sponsorships, volunteer work, and financial contributions. This commitment to community involvement helps foster a strong connection between the bank and its customers.

Practical Information

Frandsen Bank & Trust is open for business Monday through Friday, with extended hours available on Wednesdays. The drive-through lane remains open later on weekdays and is also available on Saturdays for added convenience. The bank is closed on Sundays and major holidays.

• Address: 20280 Iberia Ave, Lakeville, MN 55044, United States
• Phone: 952-469-2265
• Website: locations.frandsenbank.com
• Hours:
  • Monday: 9:00 AM - 5:00 PM
  • Tuesday: 9:00 AM - 5:00 PM
  • Wednesday: 9:00 AM - 6:00 PM
  • Thursday: 9:00 AM - 5:00 PM
  • Friday: 9:00 AM - 6:00 PM
  • Saturday: 9:00 AM - 12:00 PM (Drive-through only)
  • Sunday: Closed

Positive Aspects from Reviews

Frandsen Bank & Trust has received an average rating of 3.5 out of 5 stars from 8 reviews on Google My Business. Customers have praised the bank for its friendly and helpful staff, who consistently go above and beyond to assist customers with their financial needs. The bank's convenient location and clean, well-organized interior have also been commended by customers. Additionally, several reviewers highlighted the bank's commitment to community involvement and support for local businesses.

One satisfied customer noted, "The staff is always friendly and helpful. I've been a customer for many years and have always been satisfied with their products and services." Another reviewer emphasized the bank's community engagement, stating, "Frandsen Bank & Trust is deeply involved in the Lakeville community, sponsoring local events and organizations. It's great to see a local business giving back to the community."

In conclusion, Frandsen Bank & Trust offers a comprehensive range of banking services tailored to the needs of both personal and business customers in Lakeville, Minnesota. With a convenient location, wheelchair-accessible facilities, and a commitment to community involvement, the bank stands out as a reliable and customer-centric financial institution. By choosing Frandsen Bank & Trust, customers can enjoy personalized service, competitive products, and a strong connection to their local community.

👍 Reviews of Frandsen Bank & Trust

Bryce R.

1/5

Ok so on a Saturday they do not have an open lobby alright whatever. So I went through the drive through which was open. I asked to get a money order or cashiers check(for purchasing a vehicle). The women who as I assume is newer by the looks of it had talked to someone next to her and she had told me she can’t give me one due to the “vault being closed” which I don’t understand why that even matters. Im not asking for cash. It’s a piece of paper which should have nothing to do with a the vault being closed. I will be taking my money and closing my accounts on Monday.

Moonlite P.

5/5

The most kind and friendly staff you could find. Aldehyde very helpful, and have been very valuable helping us with our commercial and business needs.

Brandon P.

5/5

I Love Frandsen, they are a fantastic Bank to work with and the people are some of the best I've ever done business with!

Michaela H.

5/5

Great service and overall wonderful place to bank. But deposit box was out of envelopes and was filled with cob webs.

Yuriy G.

1/5

Didn't want to take my coins because I didn't have an account with them.

Amanda W.

5/5

Always friendly and helpful

Steve M.

1/5

Dennis A.

5/5