Frandsen Bank & Trust and the Frandsen Foundation Announce Expansion of Scholarship Program

WATERVILLE, MN (March 1, 2024) – Frandsen Bank & Trust and the Frandsen Foundation are excited to announce the addition of five new communities to its college scholarship program. In an effort to positively impact more students, the foundation has included Waterville, Clinton, Ada, Warren/Oslo, and Ely to its existing locations, which include Braham, Rush City, Pine City, Frederic (WI), and Luck (WI).

All graduates of the 2024 senior class in the Waterville / Elysian / Morristown School District are eligible for the Frandsen Foundation Scholarship. Eligible students will have an opportunity to have two years of their college career paid for, including a $1,000 stipend for fees, books, and supplies. Students must attend a technical-ready program at an approved Minnesota state two-year college. Applicants must have a high school diploma and have completed the FAFSA application with their parents, regardless of financial status.

High school seniors who are interested in the scholarship can complete the application process by visiting their school counselor. Please note that the Associate of Arts degree is not eligible for the scholarship.

Applications are currently open for the Frandsen Foundation Scholarship. Since its inception, the Frandsen Foundation has awarded scholarships to 491 students.

Frandsen Bank & Trust has assets in excess of $3.0 billion and offers a complete array of business, agricultural, real estate, and consumer loans, savings, and financial services, serving communities in Minnesota, eastern North Dakota, and western Wisconsin.


Media Contact:
Shane Van Engen