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Frandsen Bank & Trust, ZUMBROTA MAIN STREET BRANCH
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3 client reviews
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| Name: | Frandsen Bank & Trust |
| Concentration: | Commercial Lending Specialization |
| Established: | 08/01/1901 |
| FDIC Insurance: | 01/01/1934 |
| Holden By: | FRANDSEN FINANCIAL CORP |
| Charter Class: | Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) |
| # of Branches: | 43, view all, view on map |
| Website: | frandsenbank.com |
| Total Assets: | $3,590,134,000 |
| Total Deposits: | $3,066,134,000 |
| Total Equity Capital: | $367,808,000 |
| Total Domestic Office Deposits: | $3,066,134,000 |
| Net Income: | $13,094,000 |
| Quarterly Net Income: | $13,094,000 |
| Return on Assets: | 1% |
| Quarterly Return on Assets: | 1% |
| Return on Equity: | 15% |
| Quarterly Return on Equity: | 15% |
| More... | |
Client Review
3 client reviews of Frandsen Bank & Trust scored 2.5 out of 5.
Joseph Legueri
Overall Rating
by onehappycamper, Nov. 20, 2013
Instead of getting a check on payday, the company I work for puts our money into a Powercash Debit Card. On payday the card is activated and it contains every penny I earned. To access my cash I have to do a bank transaction called a "cash advance." It's a fairly complicated transaction.
Nearly all the banks in Virginia, MN, will charge a fee for doing a cash advance. The American Bank in Virginia, for example, charges a 4% fee for doing a cash advance whether you're a customer there or not. The American Bank fee would come to $45 per payday.
The Frandsen Bank doesn't charge a fee.
I took my Powercash Card to several banks in Virginia and they couldn't make it work. In desperation I tried the Frandsen Bank in downtown Virginia. The smartest teller in the world works there. She was able to access every penny on my card and didn't charge a fee. Not only that, but she treated me like a king.
I'm totally happy with the service and the people at the Frandsen Bank. Try it, you'll see what I mean.
* this review was made on Frandsen Bank & Trust, Queen City Federal Savings Bank Bran at Virginia, MN
2 of 2 people found this review helpful. Was this review helpful to you? Yes, No Report Abuse
Overall Ratingby onehappycamper, Nov. 20, 2013
Instead of getting a check on payday, the company I work for puts our money into a Powercash Debit Card. On payday the card is activated and it contains every penny I earned. To access my cash I have to do a bank transaction called a "cash advance." It's a fairly complicated transaction.
Nearly all the banks in Virginia, MN, will charge a fee for doing a cash advance. The American Bank in Virginia, for example, charges a 4% fee for doing a cash advance whether you're a customer there or not. The American Bank fee would come to $45 per payday.
The Frandsen Bank doesn't charge a fee.
I took my Powercash Card to several banks in Virginia and they couldn't make it work. In desperation I tried the Frandsen Bank in downtown Virginia. The smartest teller in the world works there. She was able to access every penny on my card and didn't charge a fee. Not only that, but she treated me like a king.
I'm totally happy with the service and the people at the Frandsen Bank. Try it, you'll see what I mean.
* this review was made on Frandsen Bank & Trust, Queen City Federal Savings Bank Bran at Virginia, MN
2 of 2 people found this review helpful. Was this review helpful to you? Yes, No Report Abuse
1 comment. Add a comment
by InGodITrust 2016-07-19 11:51:50
Very happy with the service at Frandsen Bank & Trust in Montgomery, MN. To my surprise I forgot to record an entry in my checking account which caused it to overdraw. With the help of Mike and the friendly staff I was helped out with the overdraft charges. I appreciate their understanding and service provided.
Extremely unhappy with this bank
Overall Rating
by sugzwugz, Jun. 29, 2013
This bank gave me a construction loan promising to get me a mortgage at the end and never did, instead ordered an appraisal who came into my house without my prior knowledge or consent. After putting all my money into building a new house, I lost it. They wrongfully levied on my corporate account I had the same account there for 20 years for a personal debt, then started charging me nonsufficient funds and causing checks to bounce. After I had to bring my articles of incorporation in, they put the money back into the account, but several electronic online payments made from the account to credit cards were still returned causing my credit card companies to cut off all my cards. They don't do you any favors that is for sure.
* this reviewer has be with this bank for >10 years
* this reviewer had 1 - 2 banks before.
* this review was made on Frandsen Bank & Trust, Queen City Federal Savings Bank Bran at Virginia, MN
5 of 5 people found this review helpful. Was this review helpful to you? Yes, No Report Abuse
Overall Ratingby sugzwugz, Jun. 29, 2013
This bank gave me a construction loan promising to get me a mortgage at the end and never did, instead ordered an appraisal who came into my house without my prior knowledge or consent. After putting all my money into building a new house, I lost it. They wrongfully levied on my corporate account I had the same account there for 20 years for a personal debt, then started charging me nonsufficient funds and causing checks to bounce. After I had to bring my articles of incorporation in, they put the money back into the account, but several electronic online payments made from the account to credit cards were still returned causing my credit card companies to cut off all my cards. They don't do you any favors that is for sure.
* this reviewer has be with this bank for >10 years
* this reviewer had 1 - 2 banks before.
* this review was made on Frandsen Bank & Trust, Queen City Federal Savings Bank Bran at Virginia, MN
5 of 5 people found this review helpful. Was this review helpful to you? Yes, No Report Abuse
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Frandsen Bank & Trust, East Grand Forks Branch at East Grand Forks, MN
Overall Rating
Interest Rate and Cost
Office Environment & Staff
Waiting Time
Other Services
by JesusKnows, Apr. 10, 2012
Disgusted with this Bank! They Reordered Debits to Charge Me More Overdraft Fee's. This Bank will Process the Amounts by Listing Larger Amounts to Smaller Amounts instead of Placing them in the Order they Took Place! The Lady(Audrey)that is in Charge of the Overdraft Fee's is Very Rude and Should NOT Be in Customer Service. Very Poor Bank Practice!If it was Processed in Order I Would Have had $56 in Overdraft Fee's but Instead I Had $140. I Have No Idea How These People Sleep at Night.I DO NOT Recommend this Bank at ALL!!!!
* this reviewer has be with this bank for 3 - 10 years
* this reviewer had 1 - 2 banks before.
* this review was made on Frandsen Bank & Trust, East Grand Forks Branch at East Grand Forks, MN
9 of 12 people found this review helpful. Was this review helpful to you? Yes, No Report Abuse
Overall Rating Interest Rate and Cost Office Environment & Staff Waiting Time Other Servicesby JesusKnows, Apr. 10, 2012
Disgusted with this Bank! They Reordered Debits to Charge Me More Overdraft Fee's. This Bank will Process the Amounts by Listing Larger Amounts to Smaller Amounts instead of Placing them in the Order they Took Place! The Lady(Audrey)that is in Charge of the Overdraft Fee's is Very Rude and Should NOT Be in Customer Service. Very Poor Bank Practice!If it was Processed in Order I Would Have had $56 in Overdraft Fee's but Instead I Had $140. I Have No Idea How These People Sleep at Night.I DO NOT Recommend this Bank at ALL!!!!
* this reviewer has be with this bank for 3 - 10 years
* this reviewer had 1 - 2 banks before.
* this review was made on Frandsen Bank & Trust, East Grand Forks Branch at East Grand Forks, MN
9 of 12 people found this review helpful. Was this review helpful to you? Yes, No Report Abuse
0 comment. Add a comment
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