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To visit the former American Bank website, click here.


Deerwood Bank Grows...

Earlier this year, Deerwood Bank acquired the former American Bank of St. Paul and merged their six Metro and Southern Minnesota branches into Deerwood Bank and our existing network of eight offices in Central and Northern Minnesota. This expansion and growth represents our desire to broaden services and convenience to our customers throughout Minnesota. The new locations include: Mendota Heights, Inver Grove Heights, St. Paul, Apple Valley, Albert Lea and Alden. 

About Deerwood Bank
Deerwood Bank is a privately owned, community based, financial institution that has been a partner in Minnesota’s progress since 1910. We have helped our communities grow and prosper for over 105 years by providing superior service and cutting edge products to our customers. 

Message to former American Bank of St. Paul Customers
Over the course of 2016, our staff will be working diligently to fully integrate our products, our systems and our services.  As changes occur, we will communicate those changes directly to you.  For right now, it is business as usual and you should continue to utilize and access former American Bank of St. Paul products and services as you have always done by visiting our metro website.

Looking Ahead
On On behalf of all of the staff of our combined organizations, I would like to welcome you to Deerwood Bank.  Whether you are transacting your banking via online banking service, transferring balances via phone or simply visiting any one of our fourteen banking locations in person, we hope you have a warm, friendly and positive banking experience. 

Deerwood Bank Established 1910



John Ohlin