FDIC Member FDIC · Backed by the full faith & credit of the U.S. Government
Park Rapids · 79°F clear
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A Breath of Fresh Air in Banking

Banking that feels like homeat Northwoods Bank

Superior service, competitive rates, and fast, local decisions — family owned and operated in Park Rapids since 1919.

★★★★★ Trusted by neighbors across the Northwoods Est. 1919 · Park Rapids, MN

Mortgage Loans

Rates as low as 5.750% · 6.295% APR
Based on a $250,000 loan
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Consumer Loans

Auto, recreation, personal & home equity loans built around your life.
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Checking Accounts

Free, simple checking with mobile deposit and no hidden fees.
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Business Loans

Local lending decisions to help your business grow at home.
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1919 Family owned & operated for over a century
Welcome to Northwoods Bank

Accounts & products that fit your life

Superior service, competitive rates, and fast turnaround times. From everyday money management to affordable loans, we pride ourselves on strong, personal relationships with you — our customers. We offer personalized service and helpful education so you feel confident in your personal and business financial decisions.

  • Superior local service
  • Competitive rates
  • Fast turnaround times
  • Personal relationships
Schedule an Appointment
The Northwoods Team Park Rapids, Minnesota
What We Offer

Products built around the people we serve

Mortgage Loans

Buy, build, or refinance with a local lender who knows the Northwoods market. Our mortgage team keeps decisions and servicing right here at home, so you always have a neighbor to call.

  • Fixed & adjustable rates
  • Local underwriting
  • First-time buyer programs
  • Construction loans
5.750% · 6.295% APR
Rates as low as · based on a $250,000 loan
Apply now

Consumer Loans

Whether it's a new vehicle, a boat for the lake, a home improvement, or an unexpected expense, our consumer lenders make borrowing simple, fair, and fast.

  • Auto & recreation loans
  • Home equity lines
  • Personal loans
  • Quick, local approvals
Same-day decisions
Most consumer loans answered the same day
Apply now

Checking Accounts

Free, straightforward checking with the digital tools you expect and the personal service you won't find at a big bank. Open in minutes and bank on your terms.

  • No monthly fees
  • Mobile deposit
  • Free debit card
  • Account alerts
$0 monthly fee
Free checking with no minimum balance
Open an account

Business Loans

From equipment and real estate to working capital and lines of credit, our business bankers understand the local economy because we're part of it. Decisions are made here, by people you know.

  • Commercial real estate
  • Equipment financing
  • Lines of credit
  • SBA & ag lending
100% local decisions
Lending decisions made in Park Rapids
Talk to a banker
Fast turnaround
Local decisions, made here
The Northwoods Difference

Simple, personal, and fast

We pride ourselves on strong, personal relationships and decisions made right here in Park Rapids — not at a corporate office hundreds of miles away. That means real answers, faster.

Competitive Rates

Fair, transparent pricing on loans and deposits — with no big-bank surprises or hidden fees.

Quick & Easy

Apply in person or online and get a fast turnaround from a banker who knows your name.

How It Works

Becoming a customer is easy

1

Apply or Schedule

Start online in minutes or book an appointment at a branch near you.

2

Meet a Local Banker

Sit down with someone from your community who takes the time to understand your goals.

3

Get a Quick Decision

Local underwriting means fast turnaround — often the very same day.

4

Start Banking

Enroll in online & mobile banking and enjoy service that feels like home.

Quick Banking

Quickly navigate to what you need

Everyday tools and resources, just a click away.

Meet Your Bankers

Real people, ready to help

Sarah Lindgren
Mortgage Lending Officer
Mark Halvorsen
Business Banking Manager
Dana Pearson
Personal Banker

Our team members greet you with a smile and the expertise you're looking for. Meet the whole team

100+
Years serving
the Northwoods
Frequently Asked

Questions, answered

We offer free personal and business checking, savings and money market accounts, CDs, and a full range of personal and business loans — including mortgages, auto, home equity, and commercial lending.
Click "Enroll in Online Banking" from the login box at the top of the page, or stop by any branch and a personal banker will get you set up with online and mobile access in minutes.
Mortgage rates start as low as 5.750% (6.295% APR) based on a $250,000 loan. Rates vary by product, term, and qualifications — contact a lender for a personalized quote.
Our main office is at 1200 First St E, Park Rapids, MN 56470, serving Park Rapids and the surrounding Northwoods communities. Use the ATM Locator above to find access near you.
Yes. Northwoods Bank is a Member FDIC. Your deposits are insured up to the maximum amount allowed by law and backed by the full faith and credit of the U.S. Government.
Community oriented, friendly staff. Northwoods Bank has served the area for several generations and I'm eager to give back to the community. I've only had good experiences with the bank and hope to do more business with them in the future.
Brandon Vredenburg
Northwoods Bank customer
Verified Google review
1919Serving the Northwoods, family owned & operated since
FDICMember FDIC — your deposits are insured & protected
100%Local lending decisions, made right here in Park Rapids
Business of the Month

Celebrating local business

Johnson's On The Water

Since 2000, when Mike Johnson started the business out of his lake home before moving to their current location in Park Rapids (Dorset) in 2004, the mission has been to keep customers on the water! As a local Park Rapids marine dealership, Johnson's strives to provide the best marine service and high-quality products — and to make every customer feel at home when they stop in.

I chose Northwoods Bank because they are a big supporter of small businesses in the area. They are personal and friendly to work with! — Mike Johnson, Johnson's On The Water
Sign up your business Visit at 20247 State 226, Park Rapids
Featured this month
Online & Mobile Banking

Bank on the go, wherever you are

Check balances, deposit checks, pay bills, and move money in seconds — with the same friendly support you'd get at the branch, right in your pocket.

  • Mobile check deposit
  • Bill pay & transfers
  • Account alerts
  • e-Statements
Park Rapids, MN & surrounding areas

Servicing the Northwoods,
since 1919

Family owned and operated. Our team members greet you with a smile and the expertise you are looking for.

Call us today · 218.732.7221