Lb Community Bank & Trust, Fsb (Minneapolis)

Name: Lb Community Bank & Trust, Fsb
Address: 625 Fourth Avenue South, Minneapolis, MN, 55415
Telephone: 612-752-3130

Lb Community Bank & Trust, Fsb is a pension cosultant based in Minneapolis. It manages $2.15 million of regulatory assets for 42 client accounts. It has been registered with the SEC as an adviser since 2001.

Lb Community Bank & Trust, Fsb provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and market timing services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lb Community Bank & Trust, Fsb: assets under management

The assets under management (AUM) of Lb Community Bank & Trust, Fsb is $2.15 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.63 million in discretionary accounts and $522 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $42.95 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $130.5 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lb Community Bank & Trust, Fsb for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Lb Community Bank & Trust, Fsb

Merlin Eugene Dewing has been acting as President since 1 Oct 1996. Deborah E. Moore joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Lb Bancorp	Parent of lb community bank & trust, fsb	1 Oct 1996	75% - 100%	41-183941
Merlin Eugene Dewing	Director	1 Oct 1996	Other	2593907
Robert Samuel Dunbar	Director	1 Oct 1996	Other	1073428
Norman M Jones	Director	1 Oct 1996	Other	1507158
Beverly Ann Austin	Director, president and chief executive officer	1 Oct 1996	Other	4358150
Rodney Don Larson	Executive vice president, chief financial officer, treasurer and secretary	1 Mar 1998	Other	4358160
Rolf Foss Bjelland	Director and chairman	1 Mar 1999	Other	1475391
Bruce Jay Nicholson	Director	1 Mar 1999	Other	2200207
William Carl Kuhlmann	Senior vice president and trust officer	1 Sep 1999	Other	4358166
Nancy Ellen Froom	Trust officer and manager, administrative services	1 Dec 1999	Other	2585100
Catherine Elizabeth Egan	Trust officer	1 Nov 2000	Other	2541398
Deborah E. Moore	Director	1 Jan 2001	Other	4336828

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lutheran Brotherhood	Parent of lutheran brotherhood financial corp.	1 Feb 1970	75% - 100%	105265
Lutheran Brotherhood Financial Corp.	Parent of lb bancorp, inc.	1 Mar 1999	75% - 100%	41-1511111

Based in Minneapolis

The principal office where Lb Community Bank & Trust, Fsb performs its advisory services is located at 625 Fourth Avenue South, Minneapolis, MN 55415, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 612-752-3130 or by fax 612-340-5158. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at www.luthbro.com.