Fransden Financial Corp. has agreed to buy Provincial Bank in a deal that will give Fransden a footprint in the south metro market. The Star Tribune reports on the deal, which is pending approval by Federal Reserve Bank and the Minnesota Department of Commerce. Fransden, based in Arden Hills, has 30 offices in Minnesota, North Dakota and Wisconsin and $1.6 billion in loans and other assets. Provincial has about $80 million in assets and three offices in Lakeville, Apple Valley and Hastings. Its...
