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Welcome to Deerwood Bank

Deerwood Bank is very pleased to announce its merger with American Bank of St. Paul and to welcome its four metro locations to our existing network of eight offices in central and northern Minnesota. We look forward to a seamless transition and to providing the highest quality of service to the customers of American Bank of St. Paul.

Notice to Customers of the Former American Bank of St. Paul

Last year, Deerwood Bank acquired former American Bank of St. Paul and merged their Metro branches into Deerwood Bank. The last phase of this acquisition will take place beginning July 15, 2016 with a software conversion where we officially transfer former American Bank of St. Paul accounts into our products and services. All Mendota Heights, St. Paul, Inver Grove Heights and Apply Valley customers are receiving a Transition Checklist containing important information regarding the changes in their account. Also included in the mailing is our Terms and Conditions.

Please be assured that we have taken every consideration to make sure that many of the changes you experience will result in a positive benefit to your banking experience.

While the transition takes place, the following offices will be temporarily closed on Friday, July 15th 2016 after 3:00pm and all day Saturday, July 16th, 2016: Mendota Heights, Inver Grove Heights, Saint Paul, Apple Valley. Business will resume as usual Monday morning, July 18th, 2016.

Our focus is providing you with banking options that are simple, secure and fun! Thank you for your patience as we work through this transition together.

About Deerwood Bank

Deerwood Bank has been a partner in Minnesota's progress since 1910. We have helped our communities grow and prosper for over 100 years by providing service to our customers.

Our experienced banking professionals strive to meet the financial needs of our customers by coupling industry-leading financial products and services with extraordinary customer service.

We're flexible and responsive in helping our customers meet their individual financial goals. We want to be your bank. Give us the opportunity to make you one of our valued customers.

 

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American Bank of St. Paul is now Deerwood Bank as successor by merger with American Bank of St. Paul.

Deposits serviced at offices of the former American Bank of St. Paul and Deerwood Bank are NOT separately insured by the FDIC.

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