Deerwood Bank

Deerwood Bank is a community-based bank.

Deerwood Bank, was established in 1910 in Deerwood, Minnesota. Deerwood was then a newly incorporated village along the Northern Pacific Railway. Located in Northern Minnesota, Deerwood had a plentiful supply of building materials and fuel from surrounding forests along with abundant game and lakes, attracting many to settle permanently. After 68 years of serving Deerwood and its surrounding communities, the Bank added a second location to serve a broader area. . In 1978 a new office was constructed approximately fifteen miles south in Garrison, Minnesota. In 1995, Deerwood Bank expanded its reach entering into the City of Brainerd located twenty miles to the west. Deerwood Bank acquired the Grand Rapids office of MidCountry Bank in June 2008. In September of that year, Deerwood Bank acquired the Baxter office from Midwest Bank and in December 2008 relocated our Brainerd office to East Brainerd. This move allows them to fully serve the Brainerd/Baxter community.