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The Bank of Elk River is a family-owned community bank founded in 1885 that offers comprehensive banking services including personal and business accounts, mortgages, auto loans, and digital banking. Operating with over $680 million in assets across four Minnesota locations, the bank is known for its personalized service and commitment to supporting local communities.
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7(a) Acquisition Loan Data As Of March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
no activity
As Of March 31, 2026
Median
$2.7M
Average
$2.8M
Sweet Spot
$2M-$3M
Industries with highest loan volume
Employment Placement Agencies
1
loans
$4.6M
avg. amount
Employment Placement Agencies
1
loans
$4.6M
avg
Electrical Contractors and Other Wiring Installation Contractors
1
loans
$1.2M
avg. amount
Electrical Contractors and Other Wiring Installation Contractors
1
loans
$1.2M
avg
All Other Miscellaneous Fabricated Metal Product Manufacturing
1
loans
$2.7M
avg. amount
All Other Miscellaneous Fabricated Metal Product Manufacturing
1
loans
$2.7M
avg
10-Year
0.0%
Percentile Ranking
0th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $1M-$2M | Prime + 2.00% |
| $4M-$5M | Prime + 1.00% |
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)
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