September is Community Impact Month, which gives Minnesota Bankers Association member banks a focused period to engage in community service activities and show how banks play a vital role in supporting their communities. Part of Drake Bank’s mission focuses on building a better future for everyone. To give back, the team participated in three events ...
At Drake Bank, we believe that financial literacy is an important foundation block for our clients. Understanding how to manage money from an early age is crucial; our team is committed to providing parents and children with the tools they need to build a strong financial foundation. Our consumer banking experts, Janet Alland, senior vice ...
Choosing options that align with your financial goals is essential when considering personal savings. Whether you’re saving for a rainy day, a major purchase, or want to grow your wealth over time, understanding different savings options is important. Two popular choices for personal savings are traditional savings accounts and certificates of deposit (CDs). Each offers ...
Scott Swenson's involvement with the Men Wear Pink campaign began nearly a decade ago when he was approached by the American Cancer Society (ACS) to become an ambassador for what was then called their Real Men Wear Pink initiative. At the time, Scott, surrounded by the women in his life—three daughters, a wife, and four ...
Nestled within the westside neighborhood of St. Paul, Minnesota, lies Drake Bank, a small, independently-owned community bank. While the towering structures of downtown may draw attention, the connections and personalized service offered by our local Bank truly define the essence of financial stewardship for our community. A Local Legacy Drake Bank opened its doors to ...
Volunteering is not just about lending a helping hand; it's about making a meaningful difference in the lives of others and creating a ripple effect through our community. The Drake Bank team focuses on building a better future for our communities every day as part of our mission. Every year, team members receive 8 hours ...
April is Financial Literacy Month, a month of observation highlighting the importance of financial education. As a community bank, we strive to help our clients build a better future for themselves and their businesses. Financial literacy means having the knowledge and responsibility to manage your finances effectively and start reaching your financial goals. This is ...
Far from just a place where deposits and transactions occur, community banks embody a deeper connection to the local community, serving as pillars of financial empowerment and resilience. What is Community Banking? Community banking refers to financial institutions that operate locally, serving the needs of individuals, families, and small businesses within a specific geographic area. ...
In the world of personal finance, building a strong credit history is vital for achieving various financial milestones. Whether you're looking to buy a home or want to start building credit, a good credit score paves the way for your future financial journey. A Credit Builder Loan is designed specifically to help individuals build or ...
The dream of homeownership is universal – including individuals who are not U.S. citizens. A Social Security Number (SSN) is not required to receive a home loan – ITIN mortgages are designed for non-citizens interested in purchasing a home. The ITIN mortgage program offers borrowers the opportunity to use their Individual Tax Identification Number (ITIN). ...