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 the community in May 2002 and was the first new Bank chartered in St. Paul in 40 years. After recognizing the void of personal service and local support, local investors and bankers founded Drake Bank to help others succeed in their financial journeys.

The Bank’s home is the renovated Drake Building that can be seen in the skyline along Plato Blvd with its bright yellow ‘DRAKE’ sign lighting the skies at night. The building was originally constructed in the early 1900s to serve as a marble cutting and polishing plant for the Drake Marble and Tile Company.

Personalized Service, Enduring Relationships

Step through the doors of Drake Bank, and you’ll immediately sense the difference. Here, you’re not just a number—you’re family. Our dedicated team of banking experts takes the time to understand your unique financial goals and challenges and customizes products to support every step. Whether you’re opening your first savings account, investing your money, looking for a home, growing your business,  or setting your child up for future financial success, we’re here to provide the attentive service and expert advice you deserve.

Investing in Local Dreams

The essence of our mission is to build a better future for everyone. We believe that when our clients thrive, the entire community thrives. That’s why we’re proud to support the dreams of our local entrepreneurs, homeowners, and community leaders through various financial products and services. From small business loans to home mortgages, we’re dedicated to helping turn your dreams into reality.

Giving Back

As stewards of St. Paul’s financial well-being, we take our responsibility to the community seriously. We believe in the importance of sustainable growth and responsible banking practices that prioritize the long-term health of our city. That’s why we’re committed to investing in local initiatives, supporting environmental sustainability efforts, and giving back to our community through partnerships and volunteering at neighboring organizations and nonprofits.

Embracing the Future, Preserving the Past

In the heart of St. Paul, Drake Bank is proof of the enduring power of local connections and shared aspirations. As we look to the next twenty years, our small community bank will remain committed to building authentic relationships. While the financial landscape may evolve, our dedication to personalized service, community empowerment, and local stewardship will endure.


Ready to build a better future? Contact our team to learn more about our products and services.