Deerwood Bank Honored for Community Commitment

EDEN PRAIRIE, MN – October 3, 2024. The Minnesota Bankers Association (MBA) has recognized 84 Minnesota banks for their community involvement. Banks play a vital role in their communities and to honor and recognize their involvement, the MBA created the Community Champion recognition program.

Deerwood Bank is one of 84 Community Champions that have worked with hundreds of organizations in their communities this year, providing funding, volunteers, materials, supplies, and/or food for their neighbors. Recipients of the recognition range in size from small community banks to large banks with multiple branches.

In the wake of another challenging year for many, Minnesota bankers stepped up their efforts to give back to their communities and citizens. Just during the MBA’s September Community Impact Month alone, these 84 banks and 383 branches devoted more than 3,600 volunteer hours, completed hundreds of community service projects, and donated tens of thousands of dollars to charitable organizations. In total, more than 244 distinct communities in Minnesota were impacted by their efforts.

MBA President/CEO Joe Witt congratulated the recipients. “Minnesota banks provide an extraordinary level of commitment to the communities they serve,” said Witt. “In addition to providing the capital that helps families and local businesses thrive, the banking industry’s record of supporting charitable and community causes is second to none. The MBA is pleased to recognize these banks for their commitment to making a real difference in their local communities”

The Minnesota Bankers Association is the state’s largest trade association devoted exclusively to the representation of commercial banks. The MBA was founded in 1889 and represents 95% of Minnesota’s banks. The MBA is proud to support our member banks as they work to ensure vibrant communities throughout the state. For more information, please visit their website.