Choosing options that align with your financial goals is essential when considering personal savings. Whether you’re saving for a rainy day, a major purchase, or want to grow your wealth over time, understanding different savings options is important. Two popular choices for personal savings are traditional savings accounts and certificates of deposit (CDs). Each offers ...
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 ...
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. ...
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 ...
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). ...
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 ...
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 ...