May 15, 2024


Business Banking

Michael Frey Hired as Vice President of Business Banking

Michael Frey Hired as Vice President of Business Banking

Waite Park, MN – Deerwood Bank proudly announces the appointment of Michael Frey as Vice President of Business Banking for its Waite Park location.

With over 25 years in banking, Frey brings a wealth of experience and expertise to the Deerwood Bank Business Banking team. In his new role as VP of Business Banking, he will assist customers with business banking services and financing needs, as well as analyze financial statements and underwrite loans.

A native of Truman, MN, Frey graduated from South Dakota State University with a Bachelor of Science in Business Economics, along with a minor in Ag-Business. In his new role, Frey is eager to leverage Deerwood’s community relationships and simple banking approach to help support and grow businesses throughout the central Minnesota community.

“I am extremely excited to be joining this community-focused organization that has been operating since 1910. It is a privilege to be tied to an organization that encourages me to be active in our local community,” stated Frey. “Deerwood’s nice and simple banking approach really resonates with people, and I can’t wait to share this philosophy with business leaders throughout the state.”

Frey’s appointment as VP Business Banking at the Waite Park branch underscores Deerwood Bank’s dedication to providing exceptional financial services to the entire central Minnesota community. His deep roots in the community and industry knowledge position him to contribute significantly to the bank’s ongoing success.

“We are excited to welcome Michael to our team at Deerwood Bank,” announced John Ohlin, President & CEO of Deerwood Bank. “His extensive experience and commitment to community service perfectly complement our team’s objectives and values. We look forward to the significant contributions he will make.”

When he’s not at the bank, Frey loves to spend time with his family and friends at his cabin in northern Minnesota, where he enjoys hunting, fishing, and golfing. He also serves on the Data Analytics Committee for the Boys and Girls Club of Central Minnesota. 

Deerwood Bank has 12 offices throughout Minnesota – including Waite Park and Sartell. They were recently named by the Minneapolis – Saint Paul Business Journal as an honoree for Best Places to Work in Minnesota.

Contact Michael

Office: 320-257-3313


Jed Rusk Named as Director of Marketing and Communications

Jed Rusk

Office: 218.316.3539

Jed Rusk is the Director of Marketing and Communications at Deerwood Bank. He graduated from the University of Wisconsin – Stout with a Bachelor’s Degree in Business Marketing and Advertising. Jed handles all of Deerwood Bank’s business-related content, including press releases and community announcements.  When Jed gets a free moment, he enjoys spending time with his wife, Rachel, and their Golden Retriever, Leo. If Jed isn’t around the bank, you can probably find him at the local hockey arena or out on the golf course.

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