Frandsen Bank & Trust among banks honored for their community involvement

VIRGINIA – The Minnesota Bankers Association (MBA) has recognized 35 Minnesota banks for their community involvement. Banks play a vital role in their communities and to honor and recognize their involvement, the MBA created the Community Champion recognition program.

Frandsen Bank & Trust is one of the Community Champions that worked with hundreds of organizations in their communities, providing funding, volunteers, materials, supplies, or food for their neighbors. Recipients of the recognition range in size from small community banks to large banks with multiple branches.

In total, these 35 banks donated over $3.9 million to their communities and worked with over 500 organizations in the past year. These organizations included the American Red Cross, Habitat for Humanity, United Way, Salvation Army, American Cancer Society, Ronald McDonald House, Special Olympics, Feed My Starving Children, local schools, churches, and non-profits. Over 1,500 employees from these banks dedicated 49,381 hours at a variety of volunteer events or programs in 2018.

MBA President/CEO Joe Witt congratulated the recipients. “As this recognition highlights, Minnesota banks continue to demonstrate an extraordinary level of commitment to the communities they serve,” said Witt. “In addition to providing the capital that helps families and local businesses thrive, the banking industry’s record of supporting local programs is second to none. The MBA is pleased to recognize these 35 banks for their commitment to making a real difference in their local communities.”

Other local MBA 2019 Community Champion recipients are:

• American Bank of the North,
Nashwauk, Grand Rapids,
Hibbing, Chisholm, Mt. Iron,
Biwabik Cook and Orr; and
• Security State Bank of Hibbing, Hibbing.

The Minnesota Bankers Association is the state’s largest trade association devoted exclusively to the representation of commercial banks. The MBA was founded in 1889 and represents 95 percent of Minnesota’s chartered banks. For more information, visit www.minnbankers.com.

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