Deerwood Bank Earns Back-to-Back Recognition as a 5-Star Regional Bank

Deerwood Bank is proud to announce it has once again been named one of America’s Best Regional Banks and Credit Unions by Newsweek and Plant-A Insights Group, marking a back-to-back 5-Star recognition and reaffirming our long-standing commitment to community banking excellence. 

This national award recognizes banks that consistently provide great service, build strong relationships, and make a positive impact in their communities. Rankings are based on customer feedback, financial performance, and overall public reputation across thousands of banks and credit unions nationwide.

“Earning this recognition for a second year in a row speaks volumes about the consistency and care our team brings to their work,” said John Ohlin, President and CEO of Deerwood Bank. “Our focus has always been on relationships—listening, understanding, and showing up for the individuals and businesses we serve. This award reflects the trust our communities place in us, and we don’t take that lightly.”

As a Minnesota-based community bank, Deerwood Bank continues to invest in the people and places it serves—supporting local businesses, families, and organizations through personalized financial solutions and local decision-making. Being recognized again on a national stage reinforces the value of community-first banking in today’s financial landscape.

Founded in 1910, Deerwood Bank operates 14 locations across Minnesota, including Baxter, Bemidji, Blackduck, Brainerd, Deerwood, Garrison, Grand Rapids, Mendota Heights, Northome, Ogema, St. Paul, Sartell, St. Michael, and Waite Park. With more than a century of service, Deerwood Bank remains committed to providing dependable banking solutions rooted in trust, consistency, and community connection.