Lonsdale, Minn.-based Frandsen Bank & Trust announced the “semi-retirement” of Vice Chair and Director of Corporate Development Rich Hoban.
The announcement was effective July 1, when Hoban became chair of Frandsen Financial Corp. He joined Frandsen Bank & Trust 35 years ago, when the organization’s banking division was still relatively small with only five offices and $125 million in assets.
“(Frandsen Bank & Trust Founder) Dennis Frandsen quickly recognized Rich’s potential and entrusted him with a key leadership role,” according to the now-$3.4 billion bank. “Under Rich’s guidance, the banking division experienced unprecedented growth, and today, Frandsen Bank & Trust is a thriving institution with a strong presence in the industry, a testament to Rich’s leadership and vision.”
