Our Response to COVID-19

We Are Open

COVID-19 Update from Lake Elmo Bank

March 26, 2020

During this “Stay-at-Home” period, I want to assure you that Lake Elmo Bank, as an essential service provider, will continue to be open and available for all of your banking and financial needs.

Our Drive-Thru locations at all three offices remain open 7a-6p M-F, 9a-12p Saturday. The rest of our staff is available by phone, email and appointment. Many transactions can be done by phone or email. Our e-banking products allow you to pay bills, verify balances, transfer and make deposits from your home. If you need assistance with this, please contact ebanking@lakeelmobank.com.

Your Deposits Are Secure
Lake Elmo Bank is an FDIC insured financial institution. Since 1933, there has been no loss to customers’ FDIC insured deposits. Under FDIC guidelines, your deposit accounts are safe at Lake Elmo Bank. If you have further questions regarding FDIC coverage, please contact us directly.

We’re Here to Help  
We know that some of you are experiencing financial hardships during these uncertain times. We are here to help guide you into options that work best for your situation.   We are assisting customers with existing and new loans, and helping with programs offered through government agencies.

The government programs listed below are in the infancy stages and will continue to evolve. I encourage you to visit our website often where we will post additional information as it becomes available.

Our lenders are also available to discuss any specific concerns. 

Minnesota Small Business Emergency Loans

US Small Business Administration Economic Injury Disaster Loan Program

Thank You
While we are definitely dealing with uncertain times, I want to assure you that we are doing everything we can to keep our employees safe and healthy while providing you with the financial products you need and the personal service you have grown to depend on over the years. I thank you for your banking relationship and welcome your calls should you have concerns.

Sincerely,

Daniel D. Raleigh
President/CEO

Lake Elmo Bank offers alternative ways to bank with our digital suite of services

Online & Mobile Banking

Manage your finances using our Online or Mobile Banking services. From sending and receiving money, to checking your balance – our online and mobile banking is quick and simple to use.  Our Cash Management Online Banking provides our business customers the ability to have multiple users with specific access rights to your accounts. 

Mobile or Remote Deposit

Depositing checks from your mobile device is quick and easy. Our Remote Deposit with scanner is a great tool for business customers with high check volume. 

ATMs

All three Lake Emo Bank Drive-Up ATMs are available to you 24/7.  You also can access your money at over 50,000 surcharge-free ATMs across the country.  

We are here to help

We are available to work with you in finding a solution for your financial situation. Please contact us to discuss options. We intend to be a source of stability for our employees, customers and community as we manage through these uncertain times.

We can be reached at 651.777.8365.

Dan Raleigh
President/CEO
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Our drive-thru locations will remain open and lobbies are closed to an appointment-only basis 651.777.8365. Learn more