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Biz Buzz: Deerwood Bank's 'nice and simple' model fuels rapid growth across Minnesota
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Biz Buzz: Deerwood Bank's 'nice and simple' model fuels rapid growth across Minnesota
WAITE PARK — Deerwood Bank has rapidly expanded in recent years, growing from roughly $1 billion in assets in 2023 to more than $1.5 billion this year while expanding its Minnesota footprint through its 2024 acquisition of two Community Development Bank branches. From 2024 to 2025, Deerwood was ranked the sixth-fastest growing bank by deposits in the Twin Cities by the Minneapolis Business Journal. Some of that growth can be pointed to Deerwood’…
·Brainerd, United States
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