Deerwood Bank

What Deerwood Bank does

Deerwood Bank is a privately held, for-profit community bank headquartered in Baxter, Minnesota, United States. Founded in 1910, the bank has operated for more than a century and currently employs between 101 and 250 people. Its operating model is that of a traditional community bank, serving both retail consumers and commercial clients through deposit products, lending, and related banking services. The leadership structure, which includes an AVP of Commercial Banking and an AVP / Retail Banking Manager alongside a President/CEO and Chief Credit Officer, confirms a dual retail-commercial orientation rather than a single-segment niche.

The bank generates revenue through the standard community banking mechanics of net interest income (the spread between loan yields and deposit costs) and ancillary fee income on deposits, payment, and treasury services. Its go-to-market is geographically anchored to its Baxter, Minnesota base, relying on local presence and relationship banking rather than digital-native acquisition. With approximately 115 years of continuous operation under the same trade name, it carries the brand and trust characteristics of a long-tenured community institution.

No proprietary technology stack, product detail, pricing, partnerships, awards, or certifications are disclosed in the available source material. The primary public website returned only a verification/loading page during data collection, so all product, pricing, and digital-channel specifics are unverified. As a private institution with no public ticker, no funding rounds, M&A history, or investor disclosures are available; ownership structure is similarly undisclosed in the input.

Name

Deerwood Bank

Website

https://deerwoodbank.com

Company type

Private

Founded year

1910

Operating status

Operating

Headcount range

101–250 employees

Short description

Deerwood Bank is a privately held community bank founded in 1910 and headquartered in Baxter, Minnesota, serving retail and commercial banking customers in its local market with deposit and lending products.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

National Commercial Banks (6021), Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Community banking
• Retail banking services
• Commercial banking services
• Consumer lending
• Deposit accounts

Headquarters

HQ city

Baxter

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Core offering

Deerwood Bank is a community-based bank offering retail banking products (deposit accounts, consumer loans) and commercial banking products (business deposit accounts, commercial lending) to individuals and small-to-mid-sized businesses in its regional market. The bank operates physical branches and digital banking channels, supported by dedicated retail and commercial banking teams led by assistant vice presidents.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Banking Retail banking services for individual consumers — including consumer deposit accounts, consumer loans, and related personal banking products — delivered through the bank's branches and digital channels under a dedicated retail banking manager.
• Commercial Banking Commercial banking services for small and mid-sized businesses — including business deposit accounts, commercial lending, and cash/treasury management — delivered by a dedicated commercial banking officer.

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves1 record

Market position

Competitive moat3 records

Customer concentration

• Xx.com/deerwoodbank

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Deerwood Bank