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Frandsen Bank & Trust CEO stepping down to assume M&A-related role

Richard Hoban is stepping down as CEO of Lonsdale, Minn.-based Frandsen Bank & Trust to assume another role focusing on finding acquisitions for the bank, (Minneapolis) Star Tribune reported Dec. 18.

Hoban, who has held the CEO position for 30 years, will step down in December. Frandsen Bank President Chuck Mausbach will then assume the CEO role, according to the report.