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About Us : History Main | Board of Directors | 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. © 2004 Woodland Bank Privacy Policy | Terms & Conditions |
