Former Employee Under Investigation at Frandsen Bank & Trust ARDEN HILLS, MINN: Frandsen Bank & Trust officials are reporting that a former employee from their Grand Forks office is under criminal investigation for dishonest activity while at the bank. Chuck Mausbach, CEO of Frandsen Bank & Trust, stated: "We are very surprise saddened to learn that one of our former team members was involved in this sort of activity. We are cooperating closely with law enforcement officials who are actively pursuing the case. d and Chief Administrative Officer Karen Brekke stated: "The bank has rigorous audit procedures in place, and because of those procedures, this persons activities were quickly identified and employment terminated." The bank reports that the small group of cus- tomers within the Grand Forks location who were impacted by the former employee's activi- ties have been contacted and all their funds fully restored to their accounts. Brekke added: "Our customers' funds and ac count information are safe with Frandsen Bank & Trust. We're very sorry this happened, and thank our customers for their continued business and trust in us. We'll continue to make the safety of our customers' financial resources and personal information our first prioritv. Frandsen Bank & Trust has assets in excess of billion and offers a complete array of b ness, agricultural, real estate and consumer loans, savings and financial services, serving commu- nities in eastern North Dakota, Minnesota and western Wisconsin FRANDSEN BANK &TRUST Former Employee Under Investigation at Frandsen Bank & Trust ARDEN HILLS, MINN: Frandsen Bank & Trust officials are reporting that a former employee from their Grand Forks office is under criminal investigation for dishonest activity while at the bank. Chuck Mausbach, CEO of Frandsen Bank & Trust, stated: "We are very surprise saddened to learn that one of our former team members was involved in this sort of activity. We are cooperating closely with law enforcement officials who are actively pursuing the case. d and Chief Administrative Officer Karen Brekke stated: "The bank has rigorous audit procedures in place, and because of those procedures, this persons activities were quickly identified and employment terminated." The bank reports that the small group of cus- tomers within the Grand Forks location who were impacted by the former employee's activi- ties have been contacted and all their funds fully restored to their accounts. Brekke added: "Our customers' funds and ac count information are safe with Frandsen Bank & Trust. We're very sorry this happened, and thank our customers for their continued business and trust in us. We'll continue to make the safety of our customers' financial resources and personal information our first prioritv. Frandsen Bank & Trust has assets in excess of billion and offers a complete array of b ness, agricultural, real estate and consumer loans, savings and financial services, serving commu- nities in eastern North Dakota, Minnesota and western Wisconsin FRANDSEN BANK &TRUST