Frandsen Bank & Trust is a part of Frandsen Financial Corporation, which is a multibank holding company. Frandsen Bank & Trust offers traditional and online banking services and products to individuals, institutions, corporations and businesses. The bank provides checking, savings and money market accounts and home, personal and mortgage loans, as well as deposit schemes, insurance coverage, business financing and lending, and tax and estate management services. It offers online cash management, e-statements, wire transfers, payroll processing and electronic tax payment. Frandsen Bank & Trust also provides letters of credit, deposit certificates, bonds, securities and mutual funds in addition to brokerage assistance and retirement planning. The bank maintains multiple branch locations in New Ulm, Minn.