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| Woodland Bank |
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Overview:
The success of Woodland Bank over the last 90 years is contributable to never losing sight of what really matters: Serving the needs of our local communities. Management has fostered that attitude within the employees of Woodland Bank by maintaining a mission statement and a corporate statement reflecting the importance of this. Woodland Bank's mission statement states that the needs of our communities dictate that we provide unparalleled services, resources, and loyalty. This is further strengthened through the corporate statement, which indicates that the number one goal of Woodland Bank is to be the very best banking and insurance company in Northern Minnesota.
The management of Woodland Bank believes this goal can be achieved through striving for perfection in all aspects of the business. This includes providing superior customer service, providing products and services dictated by the needs of our customers, and becoming a partner in the economic development of the surrounding communities. In order to carry out this goal, management hires, retains, trains and rewards employees who share this vision and are dedicated to Woodland Bank.
In an age of ever changing technology, many banks are offering a means to manage their finances in today's fast paced environment. These services allow people to access their financial information 24 hours a day, seven days a week, from any location in the world. So even if a Woodland Bank customer lives in our area but travels frequently, is away at college, or is serving our country in the military, all that is needed is a telephone or Internet access to continue enjoying the services of Woodland Bank.
The Nicklason family, the Board of Directors, and the employees of Woodland Bank wish to thank our customers for putting your trust in us. As times continue to change, you can be assured Woodland Bank will remain an independent community based bank linked to the communities we serve. |
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History:
Woodland Bank is a family owned bank with 40 full time employees dedicated to serving the needs of our local communities for over 90 years. The bank was first chartered in 1920 as the First State Bank in Swatara. Since then it has been called the Shovel Lake Bank, First State Bank of Swatara, The Security State Bank of Remer, and Woodland Bank. It has been moved from Swatara, to Shovel Lake, back to Swatara, and then to Remer in 1933. During the stay in Remer, the Woodland Bank has been served by four presidents and has added five branches (Longville, Cohasset, Hill City, Jenkins, and Deer River), and electronic services such as telephone banking, Internet banking, electronic bill paying, cash management, and merchant capture services.
The First State Bank of Swatara charter was purchased by the Shovel Lake State Bank around 1929. The Shovel Lake Bank was owned by the Magnuson's who made their money in the railroad construction business. In 1923, the Magnuson's asked a young, energetic walking boss named Gotfred Nicklason if he knew anything about banking. He responded, "Well, I cash my check at American National Bank." They said, "Good! Go run our bank in Shovel Lake and show the professionals how to make money". When the Shovel Lake Bank bought the Swatara charter, Mr. Nicklason went to work in Swatara.
The First State Bank of Swatara needed to move to a larger city for economic reasons. The examiners wanted them to move to Hill City but Mr. Nicklason wanted to go to Remer where the railroad was located. He felt that the railroad was the salvation of the country. So, when the First State Bank of Remer closed during the depression in 1933, Mr. Nicklason moved the bank to Remer and it became The Security State Bank of Remer.
Since the bank has been in Remer, it has been served by four presidents. Gotfred Nicklason, current president Brian Nicklason's grandfather, was president up until the time he died in 1962. At that time Tony Blais, Bob Blais' father, became president until he retired in 1965. Next, it was Robert Nicklason as president for the next 32 years. When Robert passed away in 1997 his son Brian took over as president and has been since. |
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