Deerwood Bank College Scholarship

The First National Bank of Deerwood, commonly known as Deerwood Bank, was incorporated in 1910 in Deerwood, Minnesota. After 68 years of serving Deerwood and its surrounding communities, the Bank branched out to serve a broader area. And, by April of 2018—over 100 years later—they could help residents from Mendota Heights to Grand Rapids and from St. Paul to Northome. The services that started in Deerwood are now available to thousands of Minnesotans.

To this day, Deerwood Bank continues to be a community based bank. Their expansions and growth represents our desire to broaden their services and convenience to our customers. Their business philosophies are based on the belief that, “to be a successful community bank, we must be committed to our communities and have a unique ability to know and serve our markets”.