Fred R. Friswold

Friswold first retired in 1990 after 32 years with Dain Bosworth. He became the president of the firm in 1982. In 1988, he became the firm’s chief executive. After leaving the regional brokerage firm, he served on the boards of several foundations, including as a director of the Metro YMCA. He was also active in the Rotary Club. In 1992, he led an investment group that bought Tonka Equipment Company. Friswold embarked on a second career as the president and CEO of the Plymouth-based company. Friswold was born to Inglaf and Derrise Friswold on Jan. 21, 1937, in Minneapolis. After graduating from Minneapolis Roosevelt in 1954, he earned a B.S.B. degree in finance from the University of Minnesota in 1958. In addition to Marie his wife of 62 years, Friswold is survived by daughters Cyndie Hays of Beldenville, Wis., and Rabi Birgen of Bear, Del.; sons Steve Friswold of Eden Prairie, Barry Friswold of Boston and Ben Friswold of Edina, and 11 grandchildren.