Press Releases
May 16, 2023

Rob Riedel Promoted to Director of Commercial Lending

During its May board meeting, The Bank of Elk River Board of Directors approved the promotion of Rob Riedel to Senior Vice President/Director of Commercial Lending. Riedel has been with the bank for the past 10 years and has extensive experience in commercial lending.

In his new role, Riedel will be responsible for overseeing the bank’s lending activities including managing the commercial lending team and leading the bank’s loan committee.

"I've had my eye on Rob for quite some time and have been impressed with how ambitious he is and his willingness to take on whatever comes his way,” said John Babcock, Chairman/CEO/President of The Bank of Elk River.  “We are excited to promote him to this important leadership role."

Riedel has worked in the banking industry for more than two decades including US Bank, Bremer Bank, and Firstar Bank. He began his career at The Bank of Elk River as a commercial lender and quickly established himself as a top performer. Over the years, he has built strong relationships with colleagues and customers and has played a key role in the growth of the bank’s lending portfolio.

"I am honored to be promoted to the Director of Commercial Lending,” said Riedel. “I look forward to working closely with our lending team and our customers to continue to provide the best lending solutions and service possible."

The Bank of Elk River is confident that Riedel’s leadership and expertise will be instrumental in the continued growth and success of its lending operations.