St. Paul, Minn. | September 1, 2020 – Drake Bank welcomes Luke Lauer-Hunt as cash management specialist. In this new role, Lauer-Hunt will be responsible for the development, sales, and service for the Bank’s cash management products. This position will work throughout all departments in the Bank, as Drake grows the cash management relationships with ...
Backend technology provider Urban FT announced the launch of the X-35 FinTech Core.™ Described as “An API-first, developer-friendly, and cloud-based technology hub that sits alongside of, and is connected to, a Financial Institutions existing Banking Core or Payment Processor.” Read More
Your business is your livelihood, your second home – and you protect it as such. But have you protected your accounts appropriately to protect against fraud? According to the American Banking Association’s (ABA) 2019 Deposit Account Fraud Survey, banks prevented over $22 billion in attempted fraud in 2018 – preventing nearly $9 of every $10 ...
The colloquial saying “Minnesota Nice” is often used to describe the behavior of Minnesota residents as being overly courteous and friendly. As we’ve traversed the uncharted waters that 2020 has unfolded, “Minnesota Nice” could be used to describe Minnesotan’s dedication to community support and giving, as the most charitable state in America. Nonprofits play a ...
Do you ever wonder how others accumulate wealth or how they always seem to have the funds, or access to funds, to invest in opportunities when prices seem attractive? The opportunity could be something as small as a high-ticket item on sale or as large as buying an entire business. The ability to wield this ...
On the board Drake Bank, St. Paul, named to its board: Bo Thao-Urabe of the Coalition of Asian American Leaders and Richard Wanke, an experienced entrepreneur and chief commercial officer at Urban FT. Read More
St. Paul, Minn. | July 9, 2020 – Bo Thao-Urabe and Richard Wanke have joined the Drake Bank Board of Directors. The addition of Bo and Richard to the Drake Bank Board is part of a strategy to expand the breadth of the Drake Bank Board by relying on experienced community business leaders from a ...
While fixed income investing can offer the investor less risk than stocks and provide a steady stream of interest income, many individual depositors do not have the resources to experience the same benefits as market professionals. However, by using certificates of deposit (CDs) individual depositors can achieve benefits similar to those from a professionally managed ...
While small businesses are known to be the backbone of the economy, community banks build local communities by reinvesting local dollars back into the community to help create local jobs. And when there is a need, community banks often find ways to help support the community and local neighbors. “Our business, as a community bank, ...
Similar to what I shared in my last post, awareness in leadership is critical. As a leader, many of us have learned and been taught to build our teams to add expertise. What I have found to be equally important is evaluating team members’ strengths and weaknesses to fill-in and balance ourselves and the team ...