Woodland Bank is a family owned bank that traces its roots back to the logging boom days in Northern Minnesota. The bank was chartered in 1920 as Shovel Lake State Bank by Fred Blais to serve the needs of his logging camp and area community of Shovel Lake Minnesota. In 1924 the bank acquired and merged with the First State Bank of Swatara, another local logging area owned by the Magnuson family from Foley Minnesota. It was at this time that Gotfred Nicklason came to work for the bank as a Cashier. He had previously worked as a Auwalking bossAu for the Fred Blais logging operation.