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RiverWood Bank

About Us

RiverWood Bank is a local, community bank where employees are owners and empowered to exceed customer expectations. So please reach out to us if you have a financial need.

We serve individuals as well as businesses and agriculture. Our expert employee-owners can create a plan for managing your money and accessing additional funds to purchase a home or expand a business.

RiverWood Bank is a network of community banks located in nine different communities in Northern and Central Minnesota. The original banking charters were formed in 1910 and 1922 in Bemidji and Morris, respectively, as state chartered local building and loan associations. The present charter is a national savings and loan association regulated by the Office of the Comptroller of the Currency (OCC). The banks have had a long history of meeting the needs of our communities in both the Consumer Banking and Home Lending Services.

RiverWood Bank also has a full service brokerage team, RiverWood Financial , to provide expert services to our customers.

RiverWood Bank is a wholly owned subsidiary of Great River Holding Company (Great River). Great River was founded in 2003 to acquire branches in Benson, Big Lake and Morris.  Additional branches were opened in Baxter and Crosslake in 2004 and in Monticello in 2008. The branches in Baudette, Bagley and Bemidji were acquired in 2006. The company has grown from the original four banking offices with $85 Million in total assets to 10 banking offices with more than $400 Million assets today.

The owners and board members of Great River include employee-owners and shareholders who live in the communities that we serve. 

Our Mission: Empowering employee-owners to exceed customer expectations.

Our Vision: To be the most trusted bank in the communities we serve.

Our Beliefs:

Our core beliefs are our guiding principles for how we make decisions, treat our customers, and work together.