Bill LaVigne
ELK RIVER, Minn.,—The Bank of Elk River has promoted Bill LaVigne to President where he will serve as the bank’s senior operational leader, overseeing day‑to‑day operations and advancing the bank’s strategic priorities in close partnership with Chairman and CEO John Babcock.
LaVigne, a 25-year veteran of the bank, will continue to serve as Chief Operating Officer in addition to his new role as President.
This strategic leadership move strengthens the bank’s executive team and supports continued growth and operational excellence. With this appointment, LaVigne also joins The Bank of Elk River’s Board of Directors, further strengthening alignment between executive leadership and board governance.
“Bill has earned the trust of our board, our leadership team, and our employees through his steady leadership and deep commitment to this organization,” said John Babcock, Chairman and CEO of The Bank of Elk River. “He has a genuine passion for service and a strong understanding of what community banking represents. People choose community banks because they value connection, relationships, and trust, and Bill leads with those principles at the center of his work.”
LaVigne has held a series of senior leadership roles at The Bank of Elk River and has played an integral role in strengthening operational effectiveness, fostering collaboration across teams, and enhancing the overall customer experience. In addition to his leadership at the bank, LaVigne is actively engaged at both the state and national levels, advancing the communitybanking model through leadership, advocacy, and industry collaboration.
“I am honored to step into the role of President and Chief Operating Officer and grateful for the confidence placed in me by John and the Board of Directors,” said LaVigne. “The Bank of Elk River has a strong foundation built on trust and relationships, and I look forward to continuing that work alongside our talented team.”
LaVigne’s promotion is supported by the Board of Directors and reflects the Babcock family’s long-standing commitment to strong leadership, stability, and the long-term success of The Bank of Elk River.