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Oct 15, 2025
The Bank of Elk River is proud to announce the addition of two seasoned professionals to its growing commercial banking team: David Miller, Commercial Lender, and Walter Bonilla, Treasury Management Sales Officer. These strategic hires reflect the bank’s continued commitment to delivering innovative, relationship-driven financial solutions to businesses across the region.
David Miller Joins as Commercial Lender
With over 20 years of experience in commercial lending, David Miller brings a deep understanding of credit analysis, loan structuring, and client relationship management. His career began on the consumer side of banking before transitioning into commercial lending, where he served as a Credit Analyst and Credit Manager for a large regional bank.
“I was inspired by the way commercial lenders built meaningful relationships and positively impacted their communities,” said Miller. “That’s what led me to this path.”
Miller is excited about the opportunity to work with a larger organization like The Bank of Elk River, which enables him to support more complex and impactful deals. His approach to client engagement is rooted in curiosity and empathy—asking thoughtful questions, listening intently, and studying each business and industry before meetings.
One of his most notable achievements includes financing a 60-unit apartment building in New York Mills, a project that addressed a critical housing shortage and was widely supported by local stakeholders.
Walter Bonilla Appointed Treasury Management Sales Officer
Walter Bonilla joins the bank in a newly created role designed to expand treasury services for business clients. With a strong background in corporate banking, Walter began his career as a Business Banking Specialist and later advanced to Bank Manager, where he led branch operations and helped clients structure credit and payment solutions tailored to their goals.
“Walter’s consultative approach and deep understanding of commercial banking make him an ideal fit for this role,” said Pete Onstad, Director of Consumer Banking. “His ability to connect with clients and deliver customized treasury solutions will be instrumental as we grow our treasury services.”
Walter was drawn to The Bank of Elk River for its reputation in community banking and its client-first philosophy. “What excites me most is the opportunity to help shape how we deliver treasury services from the ground up,” said Bonilla.
His approach to client engagement is hands-on and personal, involving visits to businesses, firsthand experience with their services, and active promotion within his network. A standout success story includes helping a local gas station owner modernize payment systems, reduce processing fees, and streamline vendor payments.
The Bank of Elk River is thrilled to welcome David Miller and Walter Bonilla to the team. Their combined expertise and passion for serving businesses will play a vital role in advancing the bank’s mission to be a full-service financial partner for the communities it serves.
David Miller Joins as Commercial Lender
With over 20 years of experience in commercial lending, David Miller brings a deep understanding of credit analysis, loan structuring, and client relationship management. His career began on the consumer side of banking before transitioning into commercial lending, where he served as a Credit Analyst and Credit Manager for a large regional bank.
“I was inspired by the way commercial lenders built meaningful relationships and positively impacted their communities,” said Miller. “That’s what led me to this path.”
Miller is excited about the opportunity to work with a larger organization like The Bank of Elk River, which enables him to support more complex and impactful deals. His approach to client engagement is rooted in curiosity and empathy—asking thoughtful questions, listening intently, and studying each business and industry before meetings.
One of his most notable achievements includes financing a 60-unit apartment building in New York Mills, a project that addressed a critical housing shortage and was widely supported by local stakeholders.
Walter Bonilla Appointed Treasury Management Sales Officer
Walter Bonilla joins the bank in a newly created role designed to expand treasury services for business clients. With a strong background in corporate banking, Walter began his career as a Business Banking Specialist and later advanced to Bank Manager, where he led branch operations and helped clients structure credit and payment solutions tailored to their goals.
“Walter’s consultative approach and deep understanding of commercial banking make him an ideal fit for this role,” said Pete Onstad, Director of Consumer Banking. “His ability to connect with clients and deliver customized treasury solutions will be instrumental as we grow our treasury services.”
Walter was drawn to The Bank of Elk River for its reputation in community banking and its client-first philosophy. “What excites me most is the opportunity to help shape how we deliver treasury services from the ground up,” said Bonilla.
His approach to client engagement is hands-on and personal, involving visits to businesses, firsthand experience with their services, and active promotion within his network. A standout success story includes helping a local gas station owner modernize payment systems, reduce processing fees, and streamline vendor payments.
The Bank of Elk River is thrilled to welcome David Miller and Walter Bonilla to the team. Their combined expertise and passion for serving businesses will play a vital role in advancing the bank’s mission to be a full-service financial partner for the communities it serves.
