St. Paul, Minn. | June 25, 2024 – Drake Bank is proud to announce its participation in the First-Generation Homebuyers Community Down Payment Assistance Fund Program to empower first-time homebuyers in Minnesota. This initiative offers up to 10% of a home’s purchase price (up to $32,000) as a forgivable loan designed to help first-generation buyers ...
Scott Swenson's involvement with the Men Wear Pink campaign began nearly a decade ago when he was approached by the American Cancer Society (ACS) to become an ambassador for what was then called their Real Men Wear Pink initiative. At the time, Scott, surrounded by the women in his life—three daughters, a wife, and four ...
LOS ANGELES, May 28, 2024 | LAWeekly -- The nonprofit sector in the United States is the cornerstone of our social safety net. From providing essential services to millions of Americans, to employing 10% of the American workforce, nonprofits address many diverse needs across healthcare, shelter, education, food insecurity, animal welfare, climate change, veterans care, ...
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 ...
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 ...