Waite Park, Minn.-based Deerwood Bank unveiled a new regional structure and announced promotions for two senior leaders..Under the new structure, Mike Markman will lead the bank's northern territory as regional president. The northern region includes the Minnesota towns of Brainerd, Bemidji, Deerwood, Garrison, Grand Rapids, Blackduck, Northome and Ogema. Nick Schultz will lead the bank’s southern region, consisting of Sartell, Waite Park, St. Michael, Mendota Heights and St. Paul, as regional president. Markman joined Deerwood Bank in 2022 after 17 years with US Bank. He has a bachelor’s degree in finance from St. Cloud State University, St. Cloud, Minn.Schultz joined the bank in 2024 after more than 15 years in senior leadership at various Minnesota banks. He has a bachelor’s degree in marketing from St. Cloud State and attended the Graduate School of Banking at the University of Wisconsin-Madison. Deerwood Bank President and CEO John Ohlin said the regional structure will create stronger connections between markets, increase responsiveness to local needs and improve team collaboration. The structure is expected to enable executives to devote greater attention to long-term strategy, business development, customer relationships and community engagement while providing employees with additional support and leadership resources.
