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Woodlands National bank opens Minneapolis branch

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MINNEAPOLIS, Minn. – Woodlands National Bank opened its first Minneapolis location March 2 at 1113 East Franklin Ave. The new branch location provides the full range of personal and business services offered by the company.

This new location, which is in the heart of what is known as the Phillips Neighborhood, will focus on serving the needs of the minority community, including Native Americans. “We’ve wanted a presence in the Minneapolis area for many years,” said Lew Anderson, president and CEO of Woodlands National Bank. “Now, we’re able to bring our commitment to full-service banking and personalized service to the Twin Cities area.”

In addition to branch manager, Joanne Whiterabbit, there will be a full-time teller and banker at the Minneapolis location. The bank will be open Monday through Friday with Saturday hours added in the near future.

Recently celebrating its 100th anniversary, Woodlands National Bank serves five communities with locations in Cloquet, Hinckley, Onamia, Sturgeon Lake, and now, Minneapolis. The bank offers a full range of personal and business along with real estate services, ATMs, online banking, and IRAs.

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Owned by The Mille Lacs Band of Ojibwe, Woodlands National Bank is a founding member of the North American Native Bankers Association and participates in programs designed for Native Americans including HUD 184. “It’s a program tailored to Native people, to help get them into homes and to help with refinancing,” Whiterabbit said. “It’s a new federal program and not many banks in the United States participate.”

Woodlands National Bank has earned an “Outstanding” rating in the Community Reinvestment Act Performance Evaluation, which reviews an institution’s record of meeting the credit needs of a bank’s entire community, including low and moderate income neighborhoods, consistent with safe and sound operations. “Not many banks receive that rating,” Anderson said. “We are very pleased with that recognition.”