Minneapolis
Frandsen Financial Corporation Arden Hills, Minnesota -- the Robert D. Frandsen Revocable Trust U/A dated November 18, 2021, Robert D. Frandsen, as trustee, and the Rennaye M. Frandsen Revocable Trust U/A dated November 18, 2021, Rennaye M. Frandsen, as trustee, all of Rush City, Minnesota; to become members of the Frandsen Family Control Group, a group acting in concert, to retain voting shares of Frandsen Financial Corporation, and thereby indirectly retain voting shares of Frandsen Bank & Trust, Lonsdale, Minnesota; Bank of Zumbrota, Zumbrota, Minnesota; and Pine Island Bank, Pine Island, Minnesota (the Banks). Additionally, Amy Knox, Palm Desert, California; Alexander Knox, White Bear Lake, Minnesota; Luca Bonvicini, White Bear Lake, Minnesota; Elena Bonvicini, Laguna Beach, California; Brittany Frandsen, Minneapolis, Minnesota; Johnay Frandsen, Minneapolis, Minnesota; and Frandsen Family Foundation, North Branch, Minnesota, Dennis Frandsen, as trustee, Rush City, Minnesota; to become members of the Frandsen Family Control Group, a group acting in concert, to acquire voting shares of Frandsen Financial Corporation, and thereby indirectly acquire voting shares of the Banks.
-Permitted, September 14, 2022