Frandsen Bank & Trust, Queen City Federal Savings Bank Bran

Name:Frandsen Bank & Trust, Queen City Federal Savings Bank Bran
Full Service Brick and Mortar Office
Review:3 client reviews
Location:501 Chestnut St
Virginia, MN 55792

St. Louis County
View Other Branches
 
Phone:218-741-2040
FDIC Cert:#1399
Established:1960-08-17


The Bank

Name:Frandsen Bank & Trust
Concentration:Commercial Lending Specialization
Established:1901-08-01
FDIC Insurance:1934-01-01
Holden By:Frandsen Financial Corp
Charter Class:Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
# of Branches:36, view all, view on map
Website:frandsenbank.com
Total Assets:$1,708,246,000
Total Deposits:$1,431,891,000
Total Equity Capital:$220,043,000
Total Domestic Office Deposits:$1,431,891,000
Net Income:$28,210,000
Quarterly Net Income:$6,811,000
Return on Assets:2%
Quarterly Return on Assets:2%
Return on Equity:13%
Quarterly Return on Equity:13%
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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
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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
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