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Embracing the Heartbeat of St. Paul: Building a Better Future

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 ...

2024-03-25T14:25:36-05:00May 1st, 2024|Blog|

Building Stronger Communities

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 ...

2024-04-24T10:21:21-05:00April 24th, 2024|Blog, Community Banking|

Getting your Finances on Track

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 ...

2024-03-29T14:20:10-05:00April 17th, 2024|Blog|

Empowering Communities: The Essence of Community Banking

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. ...

2024-04-10T07:30:54-05:00April 10th, 2024|Blog, Community Banking|

Understanding Personal Credit Builder Loans

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 ...

2024-02-05T13:44:13-05:00March 18th, 2024|Blog, Mortgage|

Navigating the ITIN Mortgage Program

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). ...

2024-01-10T15:07:26-05:00March 5th, 2024|Blog, Mortgage|

Mortgage: Our Simple Process

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 ...

2024-02-05T10:41:07-05:00February 13th, 2024|Blog, Mortgage|

Homebuying 101

The process of buying your first home can be very exciting and, at the same time, a little scary. Don’t worry, that’s normal! However, to set yourself up for success and avoid some of the stress, there are some steps you can take as you become a homeowner. First things first, you should start saving ...

2024-01-02T10:37:12-05:00January 16th, 2024|Blog, Community Banking, Mortgage|

Holiday Shopping: Secure & Convenient

The holiday season is a time for joy, giving, and, unfortunately, increased cyber threats. As we get into the festivities, it's a great time to ensure that our shopping experiences are enjoyable and secure. One way to achieve this is by using payment methods that are convenient and safe. MoneyPass ATM Network Drake Bank clients ...

2023-12-11T12:47:49-05:00December 14th, 2023|Blog|

Building a Culture of Fun

Maintaining a productive and motivated workplace is essential in today's fast-paced and competitive business world. At Drake Bank, we pride ourselves on building better futures for our clients and strive to build a fun and inviting workplace for our team members. From team building and volunteering to potlucks and educational activities, we always find new ...

2023-11-13T09:44:31-05:00November 16th, 2023|Blog, Community Banking|
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