Approval of proposal by Frandsen Financial Corporation

The following press release was published by the Board of Governors of the Federal Reserve System on Feb. 25, 2008. It is reproduced in full below.

The Federal Reserve Board on Monday announced its approval of the proposal by Frandsen Financial Corporation, Arden Hills, Minnesota, to acquire First National Bank of Montgomery, Montgomery, Minnesota.

Attached is the Board’s Order relating to this action.

Source: Board of Governors of the Federal Reserve System