Business Details
About
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Possibilities are created here. You can bank on it. The Bank of Elk River is a family-owned and operated community bank offering an array of financial solutions for businesses, families, and individuals. We believe in putting people first – our customers, employees, and our community members. We proudly serve the communities of Elk River, Zimmerman, Otsego, and surrounding areas.
From business loans and merchant services to personal checking and savings accounts—we have the banking products and services to meet your financial needs. Plus, we offer industry-leading digital banking tools that put you in the driver’s seat and make doing business quick and hassle-free.
Check out our website today for more information, or stop into one of our branch locations to talk with a banker.
Details
- Requires appointmentNot available
- Drive-throughAvailable
- Wheelchair accessible entranceAvailable
- Wheelchair accessible restroomAvailable
Location
The Bank of Elk River - Main Street Office
630 Main St NW, Elk River, MN
55330, United States
Hours
Reviews
4.4
62 reviews
5 stars
50
4 stars
1
3 stars
3
2 stars0
1 star
8
- PMPete M3 days ago3.0We've been customers for over 20 years. At the beginning, the customer service was great and several employees knew us by name. As the years have gone by and employees have turned over, employees no longer know our names. Further, the bank seems to be trying to earn more income for us and it's starting to feel like an online bank. This started when they gave up using Jack Henry for their software systems and went with a different vendor. Unfortunately, the interest rates we can earn on CDs are not nearly as good as true online banks and the rate on checking account and savings balances is non-existent. We use the bank for checking account, a bridge loan when downsizing, and overdraft protection. The service has been good but nothing exceptional. Having auto deposit of multiple payments tends to make us stick with the bank but I suspect it won't be too long and we'll look for a credit union or other local bank that provides better interest.
- DDdweebie69Sep 27, 20251.0I am leaving this Think because often times you will be wanting to use your card and it will just deny you for no reason. I’ve been stranded at gas stations. I’ve been left over the weekend with no recourse & unable to access any of my cash. I’m done!!
- MBMELISSA BENNETTAug 19, 20255.0I’ve banked here for over 15 years and absolutely love The Bank of Elk River. The online banking app is wonderful. I’ve always felt safe banking here and the staff still give you that “family” treatment. They are SO friendly! I just opened accounts for my teens with Jasmin at the downtown office and she was as helpful and thorough as possible. Great experience. Their locations are all so nice especially Otsego and downtown. Highly recommend.
- JJJeffrey JenkinsJan 5, 20235.0Did as I expected! Been with this bank forever
- BFBob FearingJan 28, 20215.0The Bank of Elk River is the best, they have taken care of ALL of our business needs. We used to bank with one of the big banks, after being fed up with a company that didn't seem to care about our business needs, we moved all our personal banking and business banking to the bank of elk river and we couldn't be happier. We have a great relationship with our commercial lender Michelle Thatcher, she's a rockstar and all the other bank of elk river employees. Anytime we need something she has always been very responsive, professional and invaluable. This has helped our business grow and we wouldn't be where we are today as a business if it wasn't for the bank of elk river. We are extremely grateful to have such a great resource and relationship. I would highly recommend them for all your banking needs.
Frequently Asked Questions About The Bank of Elk River - Main Street Office
How do auto loans work?
An auto loan is a secured loan, which means the vehicle—whether it’s a car, truck, van, or SUV—acts as collateral. This arrangement reduces the risk for banks, allowing them to offer you more favorable interest rates. However, it’s important to remember that if you miss your monthly payments consistently, the bank has the right to repossess the vehicle to recover its funds.
What information is needed to apply for an auto loan?
To apply, you’ll need to provide some personal identification, including your name, contact information, and Social Security number. Additionally, we will need to know your employment and income details, along with information about the vehicle you wish to purchase, such as the VIN.
How do I qualify for an auto loan?
Qualification typically depends on factors such as your credit score, income, debt-to-income ratio, and down payment amount.
What loan amounts and terms are available?
The Bank of Elk River provides vehicle loans to qualified applicants of up to $200,000, with flexible terms ranging from 36 to 72 months. As a community bank, we take pride in collaborating with our customers to create tailored solutions that meet their unique needs.