Lake Elmo Bank — your choice for community banking, big and small

Front row: Katie Bang, Jodi Christensen, JoAn Hoffmann, Renee Kassube Back row: Cheryl Pierson, Tom Swedenburg, Beth Springborn, Rita Shepard, Marc Linaman

Lake Elmo Bank offers full-service banking at three convenient locations in Lake Elmo, Stillwater and Oakdale. Oakdale office pictured.

“For 106 years, Lake Elmo Bank has provided personal service and help to the community, both through banking and community involvement.”

With $340 million in asset size and more than 100 employees, Lake Elmo Bank is indeed a large community bank. 

Despite these big-business numbers, the staff maintains a small-town, personal feel. 

This can be attributed to the bank’s commitment to personalized customer service -- in fact, Lake Elmo Bank has been voted “Best Service from a Bank” 12 years in a row by Oakdale-Lake Elmo Review readers.

Lake Elmo Bank’s dedication to helping others not only applies to its customers, but to the broader east metro region as well. 

President and CEO Dan Raleigh stresses a commitment to significant community involvement at Lake Elmo Bank. For instance, the bank provides convenient Location Banking Services to residents of Oakdale senior living facilities, such as Oak Meadows and Echo Ridge, as well as Boutwells Landing in Stillwater. Saint Therese of Woodbury is now a part of this list, as well.

And this partnership extends beyond routine banking services. Employees regularly host social activities such as bingo and holiday parties with the residents of the senior living centers. 

As a community bank, Lake Elmo Bank and its employees are also active in a significant number of community projects. 

Jodi Christensen, manager of the Oakdale branch office, has been a vital part of organizing community engagement opportunities. In 2015 and 2016 she chaired the Chamber of Commerce’s successful Oakdale Area Business Showcase. 


Some services offered include: 

• Mortgages
• Trusts & Investments
• Live Customer Service
• Commercial Lending 
• Construction Land Development
• Car Loans
• Mobile Banking

Innovating for 106 years

Lake Elmo Bank’s roots in the area are deep; it began its commitment to a tradition of service with the bank’s founding in 1911. The staff has been involved in commercial credit since its beginning, moving from mostly farming customers a century ago to a variety of small-business customers today. 

The bank has also expanded to three sites: Lake Elmo, Oakdale and Stillwater. Each location offers an array of products, from car loans to real estate loans, with investment trust departments and mortgage, something that sets them apart as community banks.

“We provide products and services found at a big bank, while providing the personal service of a smaller bank,” Raleigh says, emphasizing that for Lake Elmo Bank, “people are everything.”

The financial institution has changed along with the times, adding new products and services such as mobile banking, but has not strayed far from the ideals of its founders of addressing community needs with a commitment to personal service. 

So whether your banking needs are for home or business, large or small, Lake Elmo Bank has what you need and will provide customized service through every step. 

With its active youth banking program as well as Location Banking for senior living communities, Lake Elmo Bank truly is an ideal banking choice for everyone.

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