September is Community Impact Month, which gives Minnesota Bankers Association member banks a focused period to engage employees in community service activities and shows banks' vital role in supporting their communities. Our team focuses on building a better future for our communities as part of our mission. To give back, the Drake Bank team had ...

Life has a funny way of throwing us curveballs when we least expect it. While no one can predict what might happen, you can prepare for potential emergencies. The more prepared you are for future curveballs, the easier it is to get through them without too much stress. Preparing financially will help give you more ...

Couples agree that money is the primary source of conflict in most relationships. And it’s no wonder why. People hold different values around money depending on when and where they were raised, cultural norms, and more. For example, someone who shops at thrift stores might balk at their beau’s $100 clothing item. Individuals who value ...

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 ...

Financial wellness impacts every facet of your life. Stressed about rent this month? Concerned you’re not setting aside enough for retirement? Lots of life’s daily stressors can be linked to money. Still, by moving through each of the five stages of financial wellness with a curious desire to learn and mature, you’ll have less stress ...

March is National Credit Education Month, so what better time to brush up on your knowledge? A little mysterious and sometimes confusing, credit represents the ability to borrow money assuming it will get paid back in the future, usually with interest. It's an agreement between a lender (i.e., a bank or merchant) and a borrower ...

Thinking that you need a change of scenery? Ready to get your toes in the sand (instead of some snow)? If you have been longing to escape and are thinking about planning your next vacation, here are some quick tips that may help you click ‘book’ and head to warmer (or cooler) climates faster. 1. ...

You just paid your rent for the month, your bill payments were due last week, you’re awaiting your next paycheck, and your car stops working – do you have the emergency funds you need for getting back up and running? 55% of households would struggle to “make ends meet” after facing a financial shock, such ...

Saving money can help build your better future by giving you the liquidity you may need for unexpected expenses, large purchases, etc. Learning about savings early in life can establish an excellent runway for your financial future. So how do you teach children about the importance and fundamentals of saving? Great question. We asked our ...