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About
Creating Possibilities Since 1885
The Bank of Elk River is a growing, family-owned and operated community bank with a rich history dating back to 1885. We've had a remarkable journey since the first generation of Babcocks founded the bank, and we are excited for what the future holds.
Forward-thinking
We’re a sound financial institution, with more than $680 million in assets, committed to providing forward-thinking products and services. From industry-leading digital banking technology to creative small-business funding options, we strive to lead with innovation.
Community-focused
Since the very beginning, meaningful community engagement has been central to The Bank of Elk River’s mission. Our employees thoroughly enjoy volunteering at local nonprofits, community events, and area school districts. Additionally, the bank provides direct financial support to organizations in the communities we serve.
Did You Know?
We have had innovation in our DNA since inception proven by many of our firsts such as:
- First phone number assigned in Elk River
- First ATM in Elk River
- First website in Elk River
- First banking branch in Elk River
The Bank of Elk River
Why Bank with Us?
Because when you bank here, you’re investing back into your community with a financial partner who shares your vision of success and a strong financial future for Minnesota.
Community Focused
Community engagement is in our DNA. We invest in our local communities through charitable giving, events and volunteering, and partnerships and scholarships.
Careers
We are always looking for amazing people to join our team! We offer rich benefits, have a people-first mentality, and are an award-winning workplace!
Success Stories
What's the best way to learn about The Bank of Elk River? Read what our customers have to say or listen to one of their stories.
Board of Directors
John Babcock
Chairman, President, and CEO, The Bank of Elk River
Patrick Dwyer
Retired, The Bank of Elk River
Stewart Wilson
Retired, The Bank of Elk River
Pauline Hoogmoed
Chief Operating Officer, ExpressionMed
Alba Misner
Business Architect, Optum
Tom Smolenski
President, Steinwall, Inc.
Elizabeth Babcock
Branch Chief, National Oceanic and Atmospheric Administration
David Lundy
President, Hayes Residence
Awards
Our Proudest Accolades.
