Boundary Waters Bank

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Boundary Waters Bank
601 East Sheridan Street
Ely, MN 55731
Phone: (218) 365-6181
Fax: (218) 365-5762


Boundary Waters Bank currently serves the communities of Blaine, Woodbury and Ely, Minnesota, the entrance to the Boundary Waters Canoe Area (BWCA).

Our philosophy and values reflect those of our unique community, and our commitment is to become active participants in the energizing of the local economy.

As a community owned bank, we understand the local economy best. Personal attention always accompanies our services and product. The friendly care we provide is our key to keeping you satisfied - we strive to continue this trend to bring new customers to join Boundary Waters Bank.

At Boundary Waters Bank, decisions about loans are made locally. Knowledge of the local economy and your situation help us make appropriate decisions. Our goal is to provide the personal service necessary to make the loan process as easy and understandable as possible.

Real Estate and Home Equity Loans
Please come see us for competitive rates and fees when you plan to build, buy or refinance. We can also process and close secondary market real estate loans to obtain the lowest fixed rates available. We are committed to providing the best mortgage plan for you.