The Bank Of Elk River is a bank based in Elk River, Minnesota, established in 1885, with $715 million in total assets across 4 branches. By Trust Grade it ranks 200th of 224 banks we track in Minnesota. Its capital ratio of 6.5% trails most similarly sized banks (5th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 0.66% return on assets. No consumer complaints against The Bank Of Elk River appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How The Bank Of Elk River compares to Minnesota peers
How we graded The Bank Of Elk River
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (6.5% capital ratio)
- Profitable (ROA 0.66%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for The Bank Of Elk River over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (4)
- 630 Main St Nw, Elk River, MN 55330
- 846 Freeport Ave Nw, Elk River, MN 55330
- 15800 88th St Ne, Otsego, MN 55330
- 26319 2nd St E, Zimmerman, MN 55398
Are deposits at The Bank Of Elk River insured?
Yes. The Bank Of Elk River is an FDIC-insured bank (FDIC certificate #1607). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
The Bank Of Elk River: frequently asked questions
Is The Bank Of Elk River a good bank?
The Bank Of Elk River earns a Bankzia Trust Grade of B (83/100, "Strong"), based on a financial-strength score of 83/100 (it has no CFPB complaints on record). Well-capitalized (6.5% capital ratio); Profitable (ROA 0.66%).
Is The Bank Of Elk River FDIC-insured?
Yes. The Bank Of Elk River is a FDIC-insured bank (FDIC certificate #1607). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is The Bank Of Elk River?
The Bank Of Elk River holds $715 million in total assets, ranking 200th of 224 banks we track in Minnesota. It operates 4 branches.
Does The Bank Of Elk River have CFPB complaints?
No CFPB complaints against The Bank Of Elk River appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
