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Calling all BUSINESS OWNERS – Want to earn $100? Click here to find out how!



Yes, you heard that right. A DIGITAL wallet. Leave your debit cards at home! Simply add your Deerwood Bank debit card to Apple Pay™, Android Pay™, or Samsung Pay™ to make purchases with your smart phone. A digital wallet brings ease to shopping without needing to swipe your debit card. Learn More


Learn more about Deerwood’s business lending capabilities!

Some call it Minnesota Nice!

We call it #DeerwoodNice

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Deerwood Bank has been a partner in Minnesota’s progress since 1910. We have helped businesses grow and prosper for over 100 years by providing superior services to our customers.

Our staff of experienced professionals will respond to your financial needs in a timely and effective manner. Our goal is to help you reach your goals.

We are committed to provide the best in financial products and services, and will search for creative solutions to your needs. Our flexibility and responsiveness to your requests allow us to tailor our services to meet your unique needs and to provide you with the best banking services available.

We want to be your bank. Give us the opportunity to make you one of our valued customers.

Come find out what Nice & Simple banking truly means.