About Us

Frandsen Bank & Trust provides a true community banking experience to over 30 communities throughout Minnesota, North Dakota, and Wisconsin. By forming meaningful relationships with all customers, both large and small, we are able to deliver custom financial solutions that support their goals. 

Founded in 1982 by Dennis Frandsen, Frandsen Bank & Trust is owned by Frandsen Financial Corporation (FFC), a $3 billion interstate holding company, with an additional $1 billion in assets managed by our investment and trust divisions. Based in Arden Hills, Minn., FFC provides crucial operational support services to its bankers – allowing them more time with customers to develop personal, long-term banking relationships.

We are a diverse and inclusive organization with a shared vision to create success in the lives of our customers, communities, and employees. The unique backgrounds, experiences, and talents of our workforce provide everyone the opportunity to grow and prosper. By employee opinion, we have earned Star Tribune Top Workplace four consecutive years, showcasing our commitment to the engagement and satisfaction of our entire team.

Board of Directors

  • Karen Brekke, Chairperson
  • Rich Hoban, Vice Chairman
  • Dan Hardel, Secretary
  • Charles Mausbach, Director
  • Dan Riebe, Director
  • Lon Kelling, Director
  • Mike Gay, Director
  • Mike Schwartz, Director
  • Nick Hinz, Director
  • Randy Morehart, Director

Our Executive Team

Dennis Frandsen


Charles Mausbach

Chief Executive Officer

Rich Hoban

Director of Corporate Development

Karen Brekke

Executive Vice President and Chief Administrative Officer

Ken Osowski

Executive Vice President and Chief Financial Officer

Troy Kalis

Executive Vice President and Chief Retail Lending Officer

Mike Gay

Executive Vice President and Regional Manager

Randy Morehart

Executive Vice President and Regional Manager

Dan Riebe

Executive Vice President and Regional Manager

Lon Kelling

Chief Credit Officer

Jillian Botz

Chief Information Officer

Joel Krueger

Senior Vice President and Director of Human Resources and Development

Melani Abel

Senior Vice President and Director of Risk Management

Melany Wynn

Senior Vice President and Director of Regulatory Affairs

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