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Deerwood Bank
✓ FDIC-insured · Active FDIC Certificate #5123
Deerwood Bank is an FDIC-insured state-chartered bank that is not a Federal Reserve member (supervised by the FDIC), headquartered in Waite Park, Minnesota, established in 1910. As of the 06/30/2026 FDIC call report, it reported $1.5B in total assets and $1.4B in deposits. FDIC location data lists 14 offices in Minnesota. The FDIC classifies it as a community bank. It is owned by the holding company DEERWOOD BANCSHARES INC (Baxter, MN).
Financial data as of the 06/30/2026 FDIC call report.
Where it operates
All 14 of Deerwood Bank's FDIC-listed offices are in Minnesota. Browse banks in Waite Park for other local options.
Branch locations
| Deerwood Bank Garrison Branch · Full Service - Brick And Mortar | 9451 Madison St Garrison, MN 56450 Map ↗ |
| Deerwood Bank Blackduck Branch · Full Service - Brick And Mortar | 16 Summit Ave W Blackduck, MN 56630 Map ↗ |
| Deerwood Bank Bemidji Branch · Full Service - Brick And Mortar | 1350 Paul Bunyan Dr Nw Bemidji, MN 56601 Map ↗ |
| Deerwood Bank Saint Paul Branch · Full Service - Brick And Mortar | 2310 7th St W Saint Paul, MN 55116 Map ↗ |
| Deerwood Bank Deerwood Bank · Full Service - Brick And Mortar | 131 6th Ave S Waite Park, MN 56387 Map ↗ |
| Deerwood Bank Mendota Heights Branch · Full Service - Brick And Mortar | 1060 Dakota Dr Mendota Heights, MN 55120 Map ↗ |
| Deerwood Bank Baxter Branch · Full Service - Brick And Mortar | 14986 Lynwood Dr Baxter, MN 56425 Map ↗ |
| Deerwood Bank Sartell Branch · Full Service - Brick And Mortar | 2351 Connecticut Ave S Sartell, MN 56377 Map ↗ |
| Deerwood Bank Brainerd Office Branch · Full Service - Brick And Mortar | 611 Washington St Ne Brainerd, MN 56401 Map ↗ |
| Deerwood Bank Grand Rapids Branch · Full Service - Brick And Mortar | 2950 S Highway 169 Grand Rapids, MN 55744 Map ↗ |
| Deerwood Bank Ogema Branch · Full Service - Brick And Mortar | 516 Main St W Ogema, MN 56569 Map ↗ |
| Deerwood Bank Deerwood Branch · Full Service - Brick And Mortar | 21236 Archibald Rd Deerwood, MN 56444 Map ↗ |
| Deerwood Bank Saint Michael Branch · Full Service - Brick And Mortar | 12725 43rd St Ne Saint Michael, MN 55376 Map ↗ |
| Deerwood Bank Northome Branch · Full Service - Brick And Mortar | 12080 Main St Northome, MN 56661 Map ↗ |
Holding company: DEERWOOD BANCSHARES INC
The FDIC lists DEERWOOD BANCSHARES INC, based in Baxter, MN, as the top holding company for Deerwood Bank. The FDIC shows no other active insured banks under the same holding company.
Similar-size banks in Minnesota
Active FDIC-insured banks headquartered in Minnesota with total assets closest to Deerwood Bank's $1.5B. See all banks in Minnesota.
| Bank | HQ city | Assets | Offices |
|---|---|---|---|
| Park State Bank | Duluth | $1.5B | 17 |
| North American Banking Company | Roseville | $1.5B | 6 |
| Citizens Alliance Bank | Clara City | $1.4B | 19 |
| Security Bank & Trust Company | Glencoe | $1.3B | 26 |
| Premier Bank | Maplewood | $1.2B | 8 |
| First Resource Bank | Lino Lakes | $1.1B | 8 |
| The First National Bank of Bemidji | Bemidji | $1.1B | 3 |
| MidCountry Bank | Minneapolis | $1.1B | 16 |
Deerwood Bank: common questions
Is Deerwood Bank FDIC-insured?
Yes. Deerwood Bank is an active FDIC-insured institution, FDIC Certificate #5123. Deposits are insured up to $250,000 per depositor, per ownership category. You can confirm this on FDIC BankFind.
Where is Deerwood Bank headquartered?
Deerwood Bank is headquartered at 131 6th Ave S, Waite Park, MN 56387, according to FDIC records.
How many branches does Deerwood Bank have?
FDIC location data lists 14 offices for Deerwood Bank, all in Minnesota.
Who owns Deerwood Bank?
The FDIC lists DEERWOOD BANCSHARES INC of Baxter, MN as the top holding company for Deerwood Bank.
Source: FDIC BankFind Suite (institution, location, and call report data). BankNearMe.com does not rank or rate banks.