Northwoods Bank of Minnesota

Bank · Park Rapids, United States · overall 5.3 / 10

How this 5.3 is built

Average of 6 scored needs: 5.3. Regulation in United States: 87/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. 2 scores backed by filings or its own pages.

Northwoods Bank of Minnesota is recorded in the global register as a bank in Park Rapids, United States. The register shows its licence as licensed. Total assets 0.14 bn USD at 2026-06-30. It reports 4 offices. Established 1919. Collected from open registers.

On its own website: “Family Owned & Operated Banking Servicing Park Rapids, MN, And The Surrounding Areas. Northwoods Bank is dedicated to providing personalized service and helpful education so you feel confident in your personal and business financial decisions. Learn More At Northwoods Bank.”

Legal name: Northwoods Bank of Minnesota
Licence confirmed: yes, on a regulator's own list
Established: 1919
Website: northwoodsbank.com

Scores, 0 to 10

6.5Financial strength & stability

· source

6.0United States

Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet. · source

5.5Cross-border payments, FX and multi-currency accounts

Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source

5.0Lowest fees

The bank's own page names the monthly account charge. Transfer and card prices were not read on that page, so this score speaks only for the monthly charge. It reads: “Minimum Balance None None None Monthly Fee None $6.00 maintenance fee $.18 charge for each check written $.09 charge for each check not on us item deposited $6.00 mainten” · source

5.0Best interest on business balances

Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source

5.0Trade, manufacturing & import-export

Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source

4.5Fast digital onboarding

Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.