FOR IMMEDIATE RELEASE

ONB Bank Announces Official Name Change to Eagle Rock Bank

Rochester, MN, February 1, 2024 - ONB Bank is thrilled to announce its official name change to Eagle Rock Bank, effective February 1, 2024. This rebranding initiative reflects the bank's evolving mission and aligns with its future goals, while emphasizing its commitment to providing exceptional service to the community.

President Brad Becker expressed his enthusiasm for the name change, stating, "I am excited about the future of our bank and the opportunities that lie ahead. The new brand symbolizes our commitment to providing a genuine partner approach to help our customers achieve their financial goals."

In tandem with this rebranding initiative, Eagle Rock Bank is pleased to announce a significant enhancement in its commitment to cybersecurity with a transition to a '.bank' domain. This strategic move reflects the bank's dedication to providing an even more secure online banking environment for its customers.

The name change does not signify any change in ownership. It remains the same great, locally owned bank with the same dedicated staff that customers have come to trust and rely on. Eagle Rock Bank will maintain its commitment to supporting local non-profits, reinforcing its dedication to the communities it serves through active giving.

Eagle Rock Bank will continue to offer a comprehensive range of banking services, including business and personal accounts, treasury management, loans, and mortgages. Customers can expect the same exceptional service and commitment to their financial needs that ONB Bank has always provided.

For more information about Eagle Rock Bank and its services, please visit www.eaglerock.bank.

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About Eagle Rock Bank

Eagle Rock Bank is the sole member of Olmsted Holding Corporation (OHC), a bank holding company headquartered in Rochester, MN. In 1996, they began operations as Olmsted National Bank and in 2020 opened a full service branch in Stewartville, MN. Today, OHC has more than 100 local shareholders who contribute to the bank’s success.  In 2023, to support its growth initiatives, OHC successfully raised $7.5 million in capital from existing and new strategic shareholders.  In early 2024, Eagle Rock Bank is expanding its reach to better serve its customers and will open a loan and deposit production office in the West End of St. Louis Park, MN. Over the past four years Eagle Rock Bank has more than doubled in size to nearly $250 million in total assets. With a focus on a true partnership approach to banking, Eagle Rock Bank dedicates itself to working with clients in building businesses, growing wealth, and establishing a solid financial foundation.

Media Contact:

Keeley Hruska
Marketing Director
507-424-1564 | Keeley.hruska@bankononb.com