St. Paul, Minn. | April 4, 2024 – Drake Bank welcomes Jeff (Jeffrey) Weldon to the senior management team as senior vice president, chief financial officer. With over 25 years of banking experience, Weldon’s innovation and leadership will assist the Bank in achieving the next level of success and growth. Weldon’s results-oriented experience includes helping financial institutions improve efficiency, develop strategic financial plans, and manage cash flow. Weldon previously served as controller at Source One Financial Services, chief financial officer at 21st Century Bank in Burnsville and United Prairie Bank in Mankato.

As chief financial officer, Weldon will provide dynamic leadership of all financial accounting and investment functions for the Bank and its holding company, Plato Holdings, Inc. Weldon will also serve as chair of the Bank’s Funds Management Committee and co-chair of the Bank’s Asset Liability Committee. Additionally, Weldon will partner with the senior management team to develop strategies for maximizing profitability and other strategic business planning initiatives.

“We are focused on continuing to grow and having Jeff’s experience at the Bank will help fuel our success,” said Greg Larson, President and CEO at Drake Bank. “Jeff’s expertise and drive fit our Bank’s culture and growth plans. We are excited to have him join the senior management team.”

Drake Bank is a purpose-driven, independent community bank in St. Paul. Founded in 2002, the Drake team focuses on building authentic relationships and building a better future for the local communities. Drake team members work individually with each client to provide business, consumer, cash management, and mortgage services to help them reach their goals. Outside of the Bank’s traditional banking services, it partners with mission-aligned financial technology companies to expand its mission to other communities. Start building a better future. Learn more at