Listed locations
13
Institution profile
Deerwood Bank
Identity verified through FDIC; additional sources pendingVerification describes the US Mortgage Index public-source matching process. It is not an endorsement or recommendation. Read the methodology
Public-record data only. Not a recommendation, lender endorsement, or rate comparison. Verify current licensing, product availability, and terms independently.
FDIC BankFind baseline
FDIC-reported identity and institutional fields from the public BankFind record. These values are not described as current or real-time.
- Legal name
- Deerwood Bank
- Display name
- Deerwood Bank
- Institution status
- Active
- FDIC insured
- Yes
- FDIC insured since
- January 1, 1934
- Established date
- March 21, 1910
- Charter class
- State-chartered commercial bank, not a member of the Federal Reserve System (FRS)
- Primary federal regulator
- Federal Deposit Insurance Corporation
- Headquarters
- Waite Park, MN, 56387, United States
- Website
- https://deerwoodbank.com
- FDIC certificate number
- 5123
- Federal Reserve RSSD ID
- 314257
- Domestic location count
- 14
- Source observed
- August 5, 2026
Regulatory profile
Public FFIEC NIC and CRA records for this institution, presented as source-backed regulatory context rather than a score or recommendation.
Regulatory identity
- Institution status
- ACTIVE
- Primary federal regulator
- FDIC
- Institution type
- Non-member Bank
- Primary activity
- NAICS 52211
- FDIC certificate
- 5123
- Federal Reserve RSSD ID
- 314257
- LEI
- 549300ZBB5XXXOWVNS92
- Headquarters
- 131 Sixth Avenue South, Waite Park, MN, 56387, United States
- Primary deposit insurer
- Deposit Insurance Fund (DIF)
- Source observed
- August 19, 2026
Branch network
Showing 1 through 13 of 13 listed locations
Scroll sideways to see every branch column.
| Branch | Address | City | State | Postal code |
|---|---|---|---|---|
| BAXTER BRANCH | 14986 Lynwood Drive | Baxter | MN | 56425 |
| BEMIDJI OFFICE | 1350 Paul Bunyan Drive NW | Bemidji | MN | 56601 |
| BLACKDUCK OFFICE | 16 Summit Avenue West | Blackduck | MN | 56630 |
| EAST BRAINERD BRANCH | 611 Washington Street | Brainerd | MN | 56401 |
| DEERWOOD OFFICE | 21236 Archibald Road | Deerwood | MN | 56444 |
| GARRISON OFFICE | 9451 Madison Street | Garrison | MN | 56450 |
| GRAND RAPIDS OFFICE | 2950 S. US Hwy 169 | Grand Rapids | MN | 55744 |
| MENDOTA HEIGHTS OFFICE | 1060 Dakota Drive | Mendota Heights | MN | 55120 |
| NORTHOME OFFICE | 12080 Main Street | Northome | MN | 56661 |
| OGEMA BRANCH | 516 Main Street | Ogema | MN | 56569 |
| SAINT MICHAEL BRANCH | 12725 43rd Street NE | Saint Michael | MN | 55376 |
| SAINT PAUL BRANCH | 2310 7th Street West | Saint Paul | MN | 55116 |
| SARTELL OFFICE | 2351 Connecticut Avenue South | Sartell | MN | 56377 |
Community Reinvestment Act (CRA)
Latest available CRA evaluation
- Rating
- Satisfactory
- Exam date
- October 1, 2023
- Regulator
- FDIC
- Examination method
- Intermediate Small Bank
This information reflects Community Reinvestment Act examination ratings reported by the cited official source. It is not a US Mortgage Index rating, recommendation, or assessment of the institution.
CRA evaluations are examination results from the relevant regulatory process and should be interpreted in the context of the examination date and source.
Historical CRA evaluations
Scroll sideways to see every CRA examination column.
| Exam date | CRA rating | Regulator | Examination method |
|---|---|---|---|
| October 1, 2023 | Satisfactory | FDIC | Intermediate Small Bank |
| October 1, 2020 | Satisfactory | FDIC | Intermediate Small Bank |
| November 1, 2017 | Satisfactory | FDIC | Intermediate Small Bank |
| January 1, 2015 | Satisfactory | FDIC | Small Bank |
Institutional history
4 FFIEC NIC history events
Showing 1 through 4 of 4 history events
| Event date | Event type | Related institution |
|---|---|---|
| September 21, 2024 | Charter Discontinued (Merger or Purchase & Assumption) | — |
| April 28, 2018 | Charter Discontinued (Merger or Purchase & Assumption) | — |
| June 15, 2015 | Charter Discontinued (Merger or Purchase & Assumption) | — |
| July 14, 2005 | Charter Discontinued (Merger or Purchase & Assumption) | — |
These events are shown as reported by the FFIEC NIC source and are not independent legal conclusions.
FFIEC-reported organizational relationships
1 FFIEC NIC relationship record
Showing 1 of 1 relationship records
| Relationship | Institution | Type | Location |
|---|---|---|---|
| ROOT_INSTITUTION | DEERWOOD BANK | Non-member Bank | Waite Park, MN |
These relationships reflect the FFIEC NIC source display and should not be interpreted as a complete legal ownership analysis.
FFIEC NIC information reflects public regulatory records observed on the displayed source date. Observed dates describe when the public record was reviewed, not a real-time update.
Additional profile fields
Fields below supplement the primary source baseline and are shown only when present on the public profile.
- Entity type
- FDIC-insured state-chartered nonmember bank