ELK RIVER, Minn. The Bank of Elk River will open a new branch in Andover in late summer 2026. This expansion marks a significant milestone in the bank’s 140-year history, underscoring its commitment to serving the growing communities of Anoka County and the northern suburbs.
“This expansion is more than a new building; it’s a bold step forward for our bank and the communities we serve,” said John Babcock, Chairman, CEO, and President of The Bank of Elk River. “Our goal is to bring personalized banking, innovative technology, and trusted financial expertise closer to our customers in Andover and beyond.”
“We’ve been honored to serve many customers in the Andover area for years, and this branch will allow us to deepen those relationships,” said Bill LaVigne, Chief Operating Officer.
“Our team is excited to deliver the same exceptional service and community focus that The Bank of Elk River is known for, now in a convenient Andover location.”
Groundbreaking for the new branch is anticipated in January, with construction expected to continue through late summer 2026. The Bank is actively hiring mortgage experts, lenders, and customer service specialists to join the Andover team.