Deerwood Bank: Minnesota-based Deerwood Bank expands metro presence through purchase of 2 Community Development Bank branches

Commitment to community, dedication to customers and expanded banking services were Nick Shultz's priorities when he was courting potential banks to purchase Community Development Bank this past year. As president of the St. Michael-based bank, Shultz was looking for a bank that could offer his bank and their customers new levels of products and services. He found those qualities and more when Deerwood Bank approached him, and ultimately purchased the St. Michael and Ogema branches in a transaction...