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, ...
St. Paul, Minn. | May 27, 2020 – Drake Bank welcomes Jay Larson as vice president and controller. Larson has an extensive background in the banking industry, with expertise in business and financial operations, efficiencies, and mergers. Larson comes to Drake Bank after serving as senior financial accountant at Highland Bank. Prior to his work ...
Small Businesses make up 99.5% of Minnesota businesses and employ over 47% of Minnesota’s employees, according to the U.S. Small Business Administration, Office of Advocacy’s 2019 Small Business Profile. These strong statistics reinforce the saying: “small businesses are the backbone of our economy.” At Drake Bank, we have a passion for serving our community and ...
St. Paul, Minn. | April 3, 2020 – The Minnesota Department of Employment and Economic Development (DEED) is temporarily offering the Minnesota Small Business Loan Guarantee (SBLG) Program to Minnesota small businesses affected by COVID-19. The SBLG program offers loans to Minnesota businesses with fewer than 250 employees. The loan can be used for a ...
Along with the upgrade to our core system and services, you’ll notice that we're in the process of updating our identity. Why? In 2018, our team went through the process of solidifying our mission and core values. We went back to our roots, recalling that Drake Bank was founded by local entrepreneurs driven to help ...
We truly appreciate your business over the years and are committed to your success. In order to better serve you, we are upgrading to a new core processing system and online banking services. What this means for you: Your account numbers will remain the same. There is no need to change direct deposits or receive ...
From Friday, January 18, 2019, through Tuesday, January 22, 2019, we will be transitioning to an upgraded transaction processing system and online banking services. More for details on the upgrade and timing, click here. See below for the actions you will need to take to transition to the new system and maintain uninterrupted use of ...