Frandsen Bank & Trust - Lakeville, Minnesota

Introduction to Frandsen Bank & Trust in Lakeville, MN

Nestled in the heart of Lakeville, Minnesota, Frandsen Bank & Trust stands as a beacon of financial stability and community commitment. Situated at 20280 Iberia Ave, this banking institution has been serving the local community for many years, providing a range of financial services tailored to meet the diverse needs of its customers. This article delves into the main services offered by Frandsen Bank & Trust, its location and accessibility, notable features, practical information, and positive aspects highlighted in customer reviews.

Main Services

• Banking Services: Frandsen Bank & Trust offers a comprehensive suite of banking services designed to cater to both personal and business needs. Customers can enjoy checking and savings accounts, certificates of deposit (CDs), individual retirement accounts (IRAs), and health savings accounts (HSAs). The bank also provides online and mobile banking services, making it easy for customers to manage their finances on the go.
• Lending Services: Whether you're looking to buy a home, start a business, or finance a vehicle, Frandsen Bank & Trust has you covered. The bank offers competitive rates on mortgages, home equity loans, business loans, and lines of credit. Their team of experienced lenders works closely with customers to understand their unique financial needs and provide personalized solutions.
• ATM Services: For customers on the go, Frandsen Bank & Trust provides convenient ATM services. With access to a network of ATMs across the country, customers can withdraw cash, check their balances, and transfer funds between accounts with ease.
• Financial Planning and Investment Services: Frandsen Bank & Trust partners with LPL Financial to provide customers with access to investment and financial planning services. Through this partnership, customers can work with experienced financial advisors to create tailored investment strategies, plan for retirement, and manage their wealth.

Location and Access

Frandsen Bank & Trust is located at 20280 Iberia Ave, Lakeville, MN 55044, United States, in the heart of the city's commercial district. The bank is easily accessible by car, with plenty of parking available on-site, including a wheelchair-accessible car park. The building is also wheelchair-accessible, with a designated entrance for customers with mobility impairments.

Public transportation users can reach the bank via the Dakota County Transit system. The nearest bus stop, "Iberia Ave & 202nd St W," is just a short walk away from the bank. Additionally, the bank is located near several major thoroughfares, including I-35E and County Rd 42, making it easily accessible from surrounding areas.

Featured Characteristics

• Drive-through Service: For customers who prefer to bank from the comfort of their vehicles, Frandsen Bank & Trust offers a drive-through service. This allows customers to conduct basic banking transactions, such as deposits and withdrawals, without leaving their cars.
• Community Commitment: Frandsen Bank & Trust is deeply committed to the Lakeville community and its residents. The bank actively supports local organizations and initiatives through sponsorships, donations, and employee volunteerism. This commitment to community involvement sets Frandsen Bank & Trust apart and helps foster strong, lasting relationships with its customers.
• Experienced Staff: The team at Frandsen Bank & Trust is comprised of experienced, knowledgeable professionals dedicated to providing exceptional customer service. Whether you're a seasoned banking customer or new to the world of finance, the bank's staff is committed to helping you achieve your financial goals.

Practical Information

• Business Hours: Frandsen Bank & Trust is open Monday through Friday, from 9:00 AM to 5:00 PM. The drive-through service is available during extended hours, typically from 8:00 AM to 5:00 PM Monday through Friday, and 9:00 AM to 1:00 PM on Saturdays.
• Contact Information: Customers can reach Frandsen Bank & Trust by phone at 952-469-2265 or via email at [email protected]. The bank's website is also a valuable resource, offering online banking services, financial education tools, and helpful information about the bank's products and services. Visit locations.frandsenbank.com for more information.
• Online and Mobile Banking: Frandsen Bank & Trust offers convenient online and mobile banking services, allowing customers to manage their accounts, transfer funds, pay bills, and more, from anywhere at any time. The bank's mobile app is available for download on both iOS and Android devices.

Positive Aspects from Customer Reviews

Frandsen Bank & Trust has an average rating of 3.5 out of 5 stars on Google My Business, based on 8 customer reviews. Positive aspects highlighted in these reviews include:

• Personalized service and attention to detail from the bank's friendly, knowledgeable staff.
• Competitive rates and fees on loan products and deposit accounts.
• Convenient location, with easy access and ample parking.
• Appreciation for the bank's community involvement and support of local organizations.
• Praise for the bank's user-friendly online and mobile banking services.

While the bank's overall rating is positive, some customers have suggested areas for improvement, such as limited branch hours and occasional wait times during peak periods. Frandsen Bank & Trust encourages customer feedback and continually strives to address any concerns or suggestions to enhance the banking experience for all customers.

In conclusion, Frandsen Bank & Trust stands as a trusted and committed financial partner for the Lakeville community. With a comprehensive range of banking services, a convenient location, and a staff dedicated to exceptional customer service, the bank has earned its reputation as a valued member of the local business landscape. Whether you're a seasoned banking customer or just starting your financial journey, Frandsen Bank & Trust is well-positioned to meet your unique financial needs.

👍 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