About Eagle Rock Bank
Founded in 1996, Eagle Rock Bank is a locally owned, relationship-driven community bank headquartered in Rochester, Minnesota. Built on genuine partnerships, Eagle Rock Bank takes time to understand each client’s goals and challenges — delivering creative financial solutions tailored to their needs. Eagle Rock Bank blends the personal attention of a relationship bank with the depth and expertise of a larger institution, offering niche banking services that help businesses and professionals grow with confidence.
Through its Soaring Hearts program, Eagle Rock Bank invests back into the communities it serves — measuring success not just through earnings, but also through giving.
Meet Our Leadership Team
Brad Becker
Brad Becker serves as co-CEO, president, and chairman of the Board of Eagle Rock Bank. A former FDIC examiner, he has dedicated more than 25 years to working with local financial institutions in Rochester, Minn.
Since joining Eagle Rock Bank in 2013, Becker has been instrumental in raising capital and stabilizing the bank after the recession. Under his direction, the bank executed four capital raises and grew from $50 to $275 million in total assets. Beyond his bank leadership, he is deeply engaged in the community, currently serving on the Board of Directors for Bolder Options, and remaining active with the Rochester Area Chamber of Commerce and Rochester Area Builders.
Becker will retire at the end of 2025. He will continue to serve on the Bank’s Board of Directors and the bank’s financial holding company’s Board of Directors. Becker will continue his involvement in supporting local nonprofits and Rochester area economic growth initiatives.
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Larry Schminski
Larry Schminski is co-CEO of Eagle Rock Bank and will become CEO on January 1, 2026. A former FDIC examiner with more than 30 years of financial experience, he brings a deep understanding of commercial banking and regulatory requirements. As CEO, Larry will be leading the bank’s strategic direction, ensuring growth and profitability, and focusing on business development in the Twin Cities market and in the Construction Development Management Division.
Prior to joining Eagle Rock Bank in 2021, Schminski played a key role in the success of several Twin Cities financial institutions. He has been instrumental in Eagle Rock Bank’s growth and in launching its Construction Development Mortgage division, which provides efficient solutions for home builders and land developers. He also serves on the board of directors of the bank’s financial holding company.
Kelly Nelson
Kelly Nelson serves as senior vice president at Eagle Rock Bank and will assume the role of president on January 1, 2026. A certified public accountant with more than 20 years of experience in local financial institutions, Nelson brings a strong background in strategic growth and business banking.
After working with Brad Becker for nearly a decade earlier in her career, Nelson joined Eagle Rock Bank in 2024, inspired by the bank’s vision and momentum. Leveraging her experience at a $1B+ institution, Nelson has been instrumental in preparing Eagle Rock Bank for continued expansion. Her passion lies in local businesses and helping business owners successfully transition their companies to the next generation.
Kelly McCloskey
Kelly McCloskey serves as Chief Operating Officer and Director of Human Resources, which she joined in 2023. She brings more than 15 years of banking experience and previously played a
a key role in building a successful Construction Development Mortgage division. Kelly offers a strong understanding of relationship banking and recognizes the critical importance between production and operations, ensuring strong collaboration across the organization.
