RiverWood Bank

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RiverWood Bank
214 North 5th Street
PO Box 180
Breckenridge, MN 56520
Phone: (218)643-6695
Fax: (218)643-6203
Toll Free: (866)245-9664


AAbout Us

RiverWood Bank is a network of community banks located in 11 different communities in Northern and Central Minnesota. The original banking charters were formed in the 1920's in Bemidji and Morris as state chartered local building and loan associations. The present charter is a national savings and loan association regulated by the Office of Thrift Supervision. The banks have had a long history of meeting the needs of our communities in both the Consumer Banking and Home Lending Services.

While continuing to meet our retail customers' needs, the bank has expanded its focus over the last decade to include Agricultural and Business Banking Services. Our senior management team has a significant amount of experience in Business Banking which provides us with the expertise to be an effective resource to our customers. In addition, we have upgraded the level of technology-based services to further meet the expanding needs of the customers we serve. Our goal is to provide our customers with leading edge financial services technology.

Better Banking … Real Solutions demonstrates our company's commitment to providing a full range of financial services along with the expertise to provide our customers with solution-based advice. With this, our customers will also get a high level of personal service to make them feel that they have a special relationship with our bank. Our goal is to become an innovative, reliable, trustworthy banking partner.

RiverWood Bank also has two wholly owned subsidiaries, Homeland Mortgage, LLC and RiverWood Financial, Inc. Homeland Mortgage specializes in the origination and processing of residential real estate mortgages for the RiverWood Bank branches along with other non-affiliated community banks. RiverWood Financial is a full service brokerage company.

RiverWood Banks are wholly owned subsidiaries of Great River Holding Company (Great River). Great River was founded in 2003 to acquire the branches in Benson, Breckenridge, Big Lake and Morris. Additional branches were opened in Baxter and Crosslake in 2004 and in Monticello in 2008. The branches in Baudette, Bagley, Bemidji, and Walker were acquired in 2006. The company has grown from the original 4 banking offices with $85 Million in total assets to 13 banking offices with over $335 Million assets today.

The owners and board members of Great River include employees and shareholders who live in the communities that we serve. Our long term objective is to create a network of dynamic community banks that create competitive and innovation ways to meet the needs of our customers and the communities that we serve.