The Benefits of Community Banking

24 de abril de 2023

by Frandsen Marketing Team

The recent failures of Silicon Valley and Signature Bank may have you second-guessing what type of institution can provide premier products and services, security, and stability to protect your deposits. We believe you deserve some peace of mind, so here are the benefits of choosing a community bank.

What is a Community Bank?
The Federal Deposit Insurance Corporation defines a community bank as one that focuses on “providing traditional banking services in a local community.” (fdic.gov) Frandsen has local decision-makers in the 35 communities we serve in Minnesota, Wisconsin, and North Dakota.

Impacting Small Businesses:
Small businesses tend to rely on community banks like ours for unwavering guidance. With shared values of supporting their local communities, our team of SBA-approved lenders will ensure your business dreams come true. We will help streamline your business with our cash management services.

Superior Customer Service:
One of Frandsen’s core values is providing superior customer service that grows long-term relationships. Our bankers are active listeners who help determine needs and deliver customized solutions.

Local Decision-Making:
As a community bank, we have first-hand knowledge of the communities and customers we serve. Banks like ours make local credit decisions based on information obtained through long-term relationships. Compared to other financial institutions confined to centralized approval guidelines, our bankers can adapt based on your needs.

Premier Products and Solutions:
Do you want community-driven products and solutions designed to improve your financial condition? Whether you need a personal or business account, investment options, or wealth management assistance, our bankers are here to help. You will be the center of our decision-making process.

Protecting Deposits:
Are you worried about your deposits? Frandsen Bank & Trust partners with IntraFi to keep your money secure and protect deposits over the FDIC limit of $250,000.

A word from our CEO:
“Our business model is to have a local decision-maker in each market we serve. While this is more expensive than the centralized decision model that many of our peers utilize, we feel it delivers much faster and higher quality service”. CEO, Chuck Mausbach, Frandsen Financial Corporation

[Final Thoughts]
Frandsen Bank & Trust was recently ranked 23^rd out of 240 peer banks by S&P Global Market Intelligence in their Top 50 U.S. Community Banks with assets between $3B and $10B. In addition, Frandsen Bank & Trust has been a Minnesota Bankers Association Community Champion bank for six consecutive years.
Our status as a community bank is stronger than ever. We will continue to be a high-performing bank dedicated to serving its communities in various capacities.

The Benefits of Community Banking

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