ABOUT DRAKE BANK
Drake Bank is a community bank focused on helping small businesses in the Twin City area grow and prosper. We do this by listening to needs and dreams, then applying our full range of commercial loan and deposit products to their greatest potential. We strive to build very personal, trusting and long-lasting relationships.
Of course, we also provide the best in personal banking services to our business clients, their employees, and our neighbors. We play a meaningful role in the development of our communities.
Drake Bank opened for business in May 2002, and was the first new bank to be chartered in St. Paul in 40 years. The idea for the new bank rose from a group of local investors and bankers who recognized that a void in personal service and local support had developed. They saw that the power of connections between bankers, businesses, employees, and other local resources was not being leveraged.
The home for the new bank was found in the extensively renovated Drake Building, once the home of the Drake Marble and Tile Company. For over 100 years Drake Marble was a supplier of materials for buildings, coast-to- coast, including the Minnesota State Capitol. Today, the four-story Drake building has an atrium where the sun lights up the internal entrance to Drake Bank and highlights the original massive columns and brick walls. It’s a unique setting for a unique bank.