Redwood Financial Inc. (REDW)

Overview

Redwood Financial, Inc., acting as a financial holding entity for HomeTown Bank, offers a comprehensive range of banking services in Minnesota. Since its establishment in 1924, the company has been deeply rooted in providing financial solutions tailored for farmers, businesses, and the general consumer market. With its headquarters in Redwood Falls, Minnesota, Redwood Financial, Inc. has built a solid reputation for delivering financial products and personalized services designed to meet the diverse needs of its clientele, demonstrating a strong commitment to the community and the sectors it serves.

Products and Services

• Banking Products:

  Redwood Financial offers a suite of traditional banking products including checking, savings, money market, and demand deposit accounts along with IRAs, HSAs, and certificates of deposit. These accounts are designed to cater to the various financial needs and goals of individuals and businesses, providing a foundation for managing finances effectively.

• Loan Services:

  The company provides an array of loan options such as personal loans, home equity lines of credit (HELOC), real estate loans, business loans, and agricultural loans. These lending services are structured to support customers in financing homes, expanding businesses, or investing in agricultural ventures, thereby aiding in personal and economic growth.

• Insurance Products:

  Offering a comprehensive range of insurance options including property, casualty, crop, and health/life insurance, Redwood Financial caters to the protective needs of its clients. These insurance products are integral in safeguarding against unforeseen financial losses and providing peace of mind for individuals and businesses alike.

• Transaction Processing Services:

  Facilitating smooth financial transactions, the company offers ATMs, bill pay, notary services, safe deposit boxes, wire transfers, positive pay, remote deposit capture, merchant card services, and ACH transaction processing. These services ensure convenience and security for daily financial activities.

• Credit Cards:

  Redwood Financial provides credit card services, offering a means for customers to manage cash flow efficiently, leverage credit for financial leverage or emergencies, and benefit from rewards programs.

• Digital Banking Services:

  Embracing the digital age, the company has developed online, phone, and mobile banking services. This digital suite allows customers to perform banking activities from the comfort of their homes or on the go, ensuring consistent access to banking services anytime, anywhere.