Waite Park, MN
Bank Deerwood Bank
Deerwood Bank is a federally insured bank based in Waite Park, Minnesota.
- Type
- Bank
- Charter
- State-chartered commercial bank, not a Federal Reserve member
- Primary regulator
- FDIC
- Established
- March 21, 1910
- Headquarters
- Waite Park, MN
- FDIC certificate #
- 5123
- Fed RSSD ID
- 314257
- Holding company
- Deerwood Bancshares Inc
- Website
- deerwoodbank.com
$1.56B
Total assets Data as of Q1 2026
$1.42B
Total deposits Data as of Q1 2026
14
Branch locations Data as of Q1 2026
$6.6M
Net income Data as of Q1 2026
1.77%
Return on assets Data as of Q1 2026
Source: U.S. FDIC BankFind & NCUA 5300 Call Report (public data). Data sources · Data as of Q1 2026
Branches by state
Deerwood Bank operates 14 branch locations in Minnesota. Select a state to drill down to its towns and individual branches.
Ownership
Deerwood Bank is owned by Deerwood Bancshares Inc. See the full ownership & merger history.
Deerwood Bank financial summary
Other banks in Minnesota
Federally insured banks headquartered in Minnesota, by total assets.
- Ameriprise Bank, FSB $25.51B
- Bridgewater Bank $5.32B
- Frandsen Bank & Trust $3.69B
- Stearns Bank National Association $3.3B
- Minnwest Bank $2.97B
- Merchants Bank, National Association $2.93B
- Tradition Capital Bank $2.68B
- Think Mutual Bank $2.27B
Similar-size banks
Institutions close to Deerwood Bank’s $1.56B in assets.
- Exchange Bank $1.56B
- Troy Bank & Trust Company $1.56B
- Providence Bank & Trust $1.56B
- Security Federal Bank $1.56B
- US Metro Bank $1.56B
- International Finance Bank $1.57B