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Fall 2020 News & Notes

FALL 2020

Help YOUR bank be recognized as one of the best of the best!
It's time again for voting in the Star News Readers' Choice Awards! This poll helps local businesses that go above and beyond receive the recognition they deserve. You can submit your votes online now through November 6, 2020.

Last year, The Bank of Elk River was privileged to win in the categories of Best Bank, Best Mortgage Lender, and Best Financial Planner thanks to wonderful customers like you! If you still feel we are the best of the best, please take a moment and vote online!

Categories include:
  • Best Bank (under #5 Banking & Financial)
  • Best Financial Planner (under #5 Banking & Financial) - our candidate is: Pete Reiner
  • Best Mortgage Lender-Broker (under #12 Real Estate) - our candidates are: Corey Wemple, Beth Keller, Kelly Vold, and Shawn Butler.

Be sure to vote for your other local favorites too!
October is National Cybersecurity Month

Held every October, National Cybersecurity Awareness Month (NCSAM) is a collaborative effort between government and industry to ensure every American has the resources they need to stay safe and secure online. This year’s theme is “Do Your Part. #BeCyberSmart.” 

NCSAM emphasizes the role each of us plays in online safety and stresses the importance of taking proactive steps to enhance cybersecurity at home and in the workplace Click here to read our Cybersecurity Month blogs.
The Bank of Elk River
Committed to Our Community

Part of The Bank of Elk River's mission statement is to provide meaningful community involvement and support. During these unprecedented times, The Bank of Elk River came alongside local businesses to help them through the COVID-19 pandemic. Our staff worked days, nights, and weekends helping businesses get the funding they needed to keep their doors open. As of today, The Bank of Elk River has provided over $70 million in local loans saving over 8,500 jobs.

“Helping our community has been at the forefront of The Bank of Elk River since we began our business in 1885,” said John Babcock, Chairman, CEO, and President of The Bank of Elk River. “I am incredibly proud of our staff. Each person has stepped up and helped out our customers and community in need. We are helping people online, over the telephone and through unique and creative ways.”

If you are looking for financial guidance for you or your business, please do not hesitate to contact us at 763-241-8522 or email
Social Media Fun

Did you know that The Bank of Elk River is on Facebook, Twitter, Instagram, Pinterest, and LinkedIn? Be sure to follow us for fun updates on local businesses, staff engagement,
and our involvement in the community. Listed below are a few posts we shared.

The Bank of Elk River, customers, and community members
proudly supported the local fire department financially.

All money raised was used to buy lifesaving equipment for our community.
Equipment such as thermal imaging cameras and extrication devices are
critical for keeping our Fire Department and community members safe.

Current Promotions
Limited Time Offer: Equipment Loans at 2.95% and 3.95% APR*!
*Annual Percentage Rate. Loans are subject to credit approval. Offer available through December 31, 2020. Credit score of 720 or higher to qualify. Must have automatic payment from a Bank of Elk River account to qualify for the 2.49% APR. Without automatic payments the rate would be 2.74% APR. Available on 2018 & newer automobiles on loan terms of up to 60 months. Other rates and terms available. Existing Bank of Elk River auto loans are exempt from this offer. Consumer retail loans only. Other fees may apply. Available for 100% financing tax and title. See bank for details.
Columbus Day - 10/12/2020
All Offices - CLOSED

Veterans Day - 11/11/2020
All Offices - CLOSED

Thanksgiving - 11/26/2020
All Offices - CLOSED

Christmas Eve - 12/24/2020
Main Street - 8:30am - 12pm
School Street - 8am - 12pm
Otsego - 8am - 12pm
Zimmerman - 8am - 12pm

Christmas Day - 12/25/2020
All Offices - CLOSED

New Year's Day - 1/1/2021
All Offices - CLOSED


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