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Craig Dahl has played a key role transforming the Minnesota company from a local lender driven by fees to one with national lending platforms. He discusses those moves, and the future of banking, in a wide-ranging interview.
October 15 -
The acquisition would be Alerus' first since it bought Private Bank Minnesota in Minneapolis in June 2014. The Beacon deal would boost Alerus' total assets in Minnesota to about $771 million.
September 23 -
On the acquisition trail, Minnesota's Frandsen Financial picked up nine legacy imaging systems. A new system and shared database unlocked many years' worth of archived checks and statements.
February 25
Frandsen Financial in Arden Hills, Minn., has agreed to buy Provincial Corp. in Lakeville, Minn.
The companies did not disclose the price of the transaction, which is expected to close in the first quarter.
The $1.5 billion-asset Frandsen has 34 branches in Minnesota, North Dakota and Wisconsin. Frandsen's last acquisition was in 2013, when it bought Clinton State Bank in Minnesota, though the company bought 11 banks from 2005 to 2013.
The $82 million-asset Provincial has two branches in the Minnesota towns of Hastings and Rosemount.
Lindquist & Vennum was legal counsel to Frandsen. Oak Ridge Financial and Siegel Brill advised Provincial.
