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Morrell Trucking constructed a 13,824 square-foot facility, which includes a wash facility, light duty <br /> maintenance, and office space. Morrell Trucking anticipates adding 13 new jobs, and retained 105 <br /> employees. <br /> GATR Truck Center opened a new 42,912 square-foot facility and anticipates adding eight new jobs in <br /> connection with the development. <br /> J&J Machine completed construction of a 26,000 square-foot expansion to their existing facility which <br /> was operation as of January 1,2016. <br /> Distinctive Iron expanded their operations by relocating to a new 13,000 square-foot facility within the <br /> City. Distinctive Iron anticipates adding seven new jobs over the next two years. <br /> Patriot Converting relocated to the City and renovated a 130,000 square-foot facility for their paper board <br /> manufacturing operation. Patriot Converting expects to commence operations on or about July 1,2016. <br /> Die Concepts purchased a 20,000 square-foot building which will undergo a substantial renovation and <br /> upgrade. Die Concepts expects to relocate its progressive metal stamping operations with an estimated <br /> 12 employees to the City by September of 2016. <br /> Cornerstone Auto expects to complete a 28,861 square-foot expansion for their new and used auto sales by <br /> mid—year 2016. Cornerstone Auto constructed a new 50,000 square-foot KIA dealership on 17.73 acres <br /> on adjacent property in 2015. <br /> Financial Institutions(a) <br /> The following full service banks are located in the City: <br /> Deposits as of <br /> December 31,2015(b) <br /> The Bank of Elk River $336,094,000 <br /> The First National Bank of Elk River 200,096,000 <br /> Total $536,190,000 <br /> In addition, branch offices of Midwestone Bank Wells Fargo Bank, National Association; U.S. Bank <br /> National Association;Pine River State Bank; and TCF National Bank are located throughout the City. <br /> (a) This does not purport to be a comprehensive list. <br /> (b) Most recent information available. <br /> Source: Federal Deposit Insurance Corporation, http://www5.fdic.gov/idasp/main.asp. <br /> Health Care Services <br /> The following is a summary of health care facilities located in the City: <br /> Facility Location No. of Beds <br /> Guardian Angels Care Center(Nursing Home) City of Elk River 120 <br /> Lavine Place(Supervised Living Facility) City of Elk River 6 <br /> Macgregor Place(Supervised Living Facility) City of Elk River 6 <br /> Source: Minnesota Department of Health, http://www.health.state.mn.us/. <br /> -29 - <br /> 147 <br />