Six Solid Reasons to Choose The Bank of Elk River

When the time comes to select a financial institution – for personal or business – the options are limitless. Different types of brick-and-mortar and digital financial institutions include credit unions, national banks, state banks, large corporate banks, and community banks. You also need to consider what products and services currently need and what you may be looking for in the future. We’ve put together six solid reasons to choose The Bank of Elk River - a true community bank.

1. HISTORY: The Bank of Elk River holds a significant place in the history of our city and the surrounding area. The oldest bank in Sherburne County, The Bank of Elk River was founded in 1885 by Willard L. Babcock. The Babcock family has been prominently involved in the bank’s management for five generations. We continue to operate with the same values and commitment to customer service that have been our pillars for more than 130 years!
2. SMALL-TOWN FEEL: Although the city has grown considerably since its early days, and we’ve broadened our reach with additional locations in the area, The Bank of Elk River continues to maintain a small-town feel. Walk into any of our five branches, and you’ll immediately feel welcome. We make it a point to get to know our customers on a first-name basis, and it’s important for us to add a personal touch to everything we do. Stop in and see for yourself.
3. ONE-STOP SHOP: No matter your financial needs or goals, The Bank of Elk River can help. We offer a wide variety of both personal and business products and services, including checking and savings accounts, mortgages, credit cards, commercial real estate loans, and so much more. And because we take the time to get to know our customers, we can recommend the best options for your family or your business – or both!
4. GREAT RATES: For a wide variety of loan and credit products that offer great rates, look to The Bank of Elk River. Our lending experts will sit down with you to discuss your personal or business situation to determine the best course of action. From auto and recreational vehicle loans to commercial lending and Small Business Administration (SBA) loans, we’ve got you covered.
5. SMALL BUSINESS SUPPORT: Speaking of SBA loans, did you know that The Bank of Elk River is a certified SBA Preferred Lender? That provides two great benefits to business owners. First, we’re able to offer additional loan resources and programs for your business – with competitive terms. Second, knowing that the Small Business Administration has approved our team of business bankers to offer SBA loans adds another level of trust for our customers. It’s part of our commitment to the success of your business.
6. GIVE BACK: At The Bank of Elk River, community involvement and giving back are at the core of what we do. Not only do we sponsor important community events, like the Riverfront Concert Series and programs through Otsego Parks and Recreation, we make financial contributions to local, non-profit organizations. But we also believe that giving back goes beyond writing a check. Each year, our employees and board members contribute countless volunteer hours to help strengthen our communities. We put our values to work.

We’re proud of the positive difference we’ve made for our customers and our communities. Stop in to any of our five locations and learn how The Bank of Elk River can help you succeed.