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Stephanie Scarrella Named a 2021 Super Mortgage Professional

St. Paul, Minn. | November 1, 2021 – Twin Cities Business (TCB) Magazine, a leading resource for business news, insight, and inspiration, and Mpls.St.Paul Magazine provides timely, dependable, and interesting information to its readers about the people, places, and events that form the Twin Cities; announced Stephanie Scarrella, senior mortgage lender at Drake Bank (NMLS# [...]

By |2021-11-01T08:24:41-05:00November 1st, 2021|Awards, Bank Updates|0 Comments

Drake Bank Welcomes Karen LaBate as Vice President Commercial Banker

St. Paul, Minn. | August 23, 2021 – Drake Bank welcomes Karen A. LaBate as vice president commercial banker. LaBate has over 17 years of experience in commercial banking at community banks throughout Minnesota. LaBate has a passion for building relationships with clients to help meet their business needs and goals while managing risk. In her [...]

By |2021-08-26T08:22:03-05:00August 23rd, 2021|Bank Updates|0 Comments

Plato Holdings, Inc. Announces Closing of $5 Million of Subordinated Debentures

St. Paul, Minn. | July 12, 2021 – Plato Holdings, Inc., the parent company of Drake Bank, announced the closing of its privately placed $5 million fixed-to-floating rate subordinated debentures. The Plato Holdings, Inc. 2021 Series A Subordinated Debentures (CUSIP US 72767WAA99) have a maturity date of July 1, 2031, and carry a fixed rate [...]

By |2021-07-09T10:56:03-05:00July 12th, 2021|Bank Updates|0 Comments

Financial Literacy: The Starting Point for Your Financial Journey

As community bankers, we thrive on discussing our clients' dreams and goals and helping them through the financial journey to achieve them. However, we understand that finances and banking may not be everyday topics for you. Additionally, talking about finances can be difficult, and financial products can be complicated to understand. Financial literacy is defined [...]

By |2021-04-06T07:49:23-05:00April 6th, 2021|Bank Updates, Leadership|0 Comments

Drake Bank Names Brianna Harstad Human Resources and Talent Development Officer and Hailey Lewis Brand and Project Activation Officer

St. Paul, Minn. | February 25, 2021 – Brianna Harstad has been named human resources and talent development officer. Harstad joined the Bank in October 2020 as human resources and talent development manager. Harstad will continue overseeing the Bank’s talent acquisition, training and development, benefits, compensation, performance management, and employee relations. Harstad also serves as [...]

By |2021-02-26T08:39:31-05:00February 25th, 2021|Bank Updates|0 Comments

Laura Gevik Named a 2021 Notable Woman in Commercial Banking

St. Paul, Minn. | February 12, 2021 – Twin Cities Business (TCB) Magazine – a leading resource for business news, insight, and inspiration – announced Laura Gevik, senior vice president, chief operations officer at Drake Bank, as one of 22 Notable Women in Commercial Banking honorees. “TCB’s 22 Notable Women in Commercial Banking were already [...]

By |2021-02-12T12:15:42-05:00February 12th, 2021|Awards, Bank Updates|0 Comments

Drake Bank Welcomes Justin Robinson as Vice President, Compliance and Risk

St. Paul, Minn. | January 25, 2021 – Drake Bank welcomes Justin Robinson, J.D. as vice president of compliance and risk. Robinson has over 18 years of experience in providing compliance and risk consulting to financial institutions in his previous roles at CliftonLarsonAllen LLP and McGladrey. In his most recent position at CliftonLarsonAllen LLP, Robinson [...]

By |2021-02-09T15:17:56-05:00January 25th, 2021|Bank Updates|0 Comments

Drake Bank Names Erin Callan Assistant Vice President, Credit Administration

St. Paul, Minn. | January 8, 2021 – Erin Callan has been named assistant vice president, credit administration. In the new role, Callan will oversee credit underwriting and analysis, loan operations, and reporting for board and committee meetings, and examinations and audits. Callan has worked at Drake Bank for over two years as the credit [...]

By |2021-02-09T15:18:33-05:00January 8th, 2021|Bank Updates|0 Comments

2020: An Unexpected Year in Review

2020 was perceived to be a hallmark for the future and technology. However, it unfolded differently than anyone could have ever imagined. While we may like to leave behind any remembrance of the year, there are things to celebrate, remember, and learn from our perseverance. The Drake Team In March, the financial services sector was [...]

By |2021-01-04T11:29:25-05:00January 4th, 2021|Bank Updates|0 Comments
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