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. ...
St. Paul, Minn. | April 8, 2024—Twin Cities Business (TCB) Magazine — a leading resource for business news, insight, and inspiration — announced Janet Alland, senior vice president of retail banking at Drake Bank, as one of 18 Notable Women in Banking and Finance honorees. The individuals featured as Notable Women in Banking and Finance ...
Drake Bank welcomes Jeff Weldon to the senior management team as senior vice president, chief financial officer. 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 ...
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 ...
St. Paul, Minn. | March 26, 2024 – Drake Bank is pleased to announce the launch of its newest program, the ITIN mortgage program. This program provides mortgage products to individuals without a Social Security Number (SSN) and promotes homeownership opportunities for all. Individual Taxpayer Identification Number (ITIN) mortgages are designed to offer flexible and ...
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). ...
At Drake Bank, we follow a simple process to help make your homeownership journey as easy as possible. Contact Our Team – chat with our team so we can begin to understand you and your goals. The Best Fit – your expert loan officer will assist you in applying for alone that truly fits. Close ...