Creating Possibilities Since 1885

The Bank of Elk River is a growing and family-owned 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.


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.


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

Community Focused

Community engagement is in our DNA. We invest in our local communities through charitable giving, events and volunteering, and partnerships and scholarships.


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. 



Our Proudest Accolades.

Award Award Award Award Award