The FDIC’s deposit insurance temporary increase from $100,000 to $250,000 per depositor has been extended through December 31, 2013.
**Boundary Waters Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2009, all non interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. **
Boundary Waters Bank currently serves the communities of Blaine, Woodbury and
Ely, Minnesota, the entrance to the Boundary Waters Canoe
Area (BWCA).
Our philosophy and values reflect those of our unique community, and our commitment is to become active participants in the energizing of the local economy.
As a community owned bank, we understand the local economy
best. Personal attention always accompanies our services
and product. The friendly care we provide is our key to
keeping you satisfied - we strive to continue this trend
to bring new customers to join Boundary Waters Bank.
