DEERWOOD BANK HISTORY
- Bank Name:Deerwood Bank
- Bank Class:Federal Reserve Non-member Bank
- Member FDIC:Certificate #5123
- Locations:13 Branches in Minnesota
Deerwood Bank was founded on March 21, 1910 and has been serving the financial needs of their customers for over 114 years.
Deerwood Bank currently operates with 13 branches located in Minnesota as a subsidiary of Deerwood Bancshares, Inc.. Check below for important events in banks history.
IMPORTANT EVENTS IN BANKS HISTORY
Below is a list of some important events in the history of Deerwood Bank, including mergers and acquisitions.
DATEEVENT
03-21-1910Institution established. Original name: The First National Bank of Deerwood.
02-26-1990Main Office moved to Main Street, Deerwood, MN 56444.
07-15-2005Main Office moved to 21236 Archibald Road, Deerwood, MN 56444.
07-15-2005Acquired Northland Community Bank (14625) in Northome, MN.
03-06-2014Institution withdraws from membership in the Federal Reserve System.
03-06-2014Changed Chartering Agency to State.
03-06-2014Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).
03-06-2014Changed Primary Federal Regulatory Agency to Fdic.
03-06-2014Changed Institution Name to Deerwood Bank.
06-15-2015Acquired American Bank of St. Paul (20843) in Saint Paul, MN.
04-28-2018Main Office moved to 131 6th Avenue South, Suite 100, Waite Park, MN 56387.
04-28-2018Acquired Plaza Park State Bank (12186) in Waite Park, MN.
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