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Our Role in Community Service: Community Impact Month

We play many roles in our personal lives – as children, colleagues, managers, parents, mentors, role models, the list goes on and on. The same is true with the roles that we share in our community – we are neighbors, customers, members, and volunteers. Our lives are laced together by each of the roles and ...

2022-06-21T13:39:09-05:00September 28th, 2020|Blog, Leadership|

Can You Hear Me? The Age of Video Meetings

Who knew that 2020 would be the year that Zoom, Microsoft Teams, and other video conferencing technologies would become as popular as food delivery services and Uber? Video conferencing has changed the way many are doing business. Even as a financial institution, we embraced video conferencing technology for meeting with our clients and partners, instead ...

2022-06-21T13:39:20-05:00September 16th, 2020|Blog, Leadership|

Guarding Your Account Against Business Bandits

Your business is your livelihood, your second home – and you protect it as such. But have you protected your accounts appropriately to protect against fraud? According to the American Banking Association’s (ABA) 2019 Deposit Account Fraud Survey, banks prevented over $22 billion in attempted fraud in 2018 – preventing nearly $9 of every $10 ...

2022-06-21T13:41:34-05:00August 20th, 2020|Blog, Security|

Minnesota Nice: National Nonprofit Day

The colloquial saying “Minnesota Nice” is often used to describe the behavior of Minnesota residents as being overly courteous and friendly. As we’ve traversed the uncharted waters that 2020 has unfolded, “Minnesota Nice” could be used to describe Minnesotan’s dedication to community support and giving, as the most charitable state in America. Nonprofits play a ...

2022-06-21T13:41:55-05:00August 17th, 2020|Blog, Leadership|

Liquidity is Power and Power has a Price

Do you ever wonder how others accumulate wealth or how they always seem to have the funds, or access to funds, to invest in opportunities when prices seem attractive? The opportunity could be something as small as a high-ticket item on sale or as large as buying an entire business. The ability to wield this ...

2022-06-21T13:42:10-05:00July 29th, 2020|Blog, Community Banking|

Increase Income and Reduce Risk: Rethinking Your Certificates of Deposit Strategy

While fixed income investing can offer the investor less risk than stocks and provide a steady stream of interest income, many individual depositors do not have the resources to experience the same benefits as market professionals. However, by using certificates of deposit (CDs) individual depositors can achieve benefits similar to those from a professionally managed ...

2022-06-21T13:42:53-05:00June 25th, 2020|Blog, Community Banking|

When There is a Need: Drake COVID-19 Relief Fund

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, ...

2022-06-21T13:43:28-05:00June 17th, 2020|Bank Updates, Blog|

Awareness in Successful Leadership

Similar to what I shared in my last post, awareness in leadership is critical. As a leader, many of us have learned and been taught to build our teams to add expertise. What I have found to be equally important is evaluating team members’ strengths and weaknesses to fill-in and balance ourselves and the team ...

2022-06-21T13:43:40-05:00June 15th, 2020|Blog, Leadership|

Small Business Support Through the Paycheck Protection Program

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 ...

2022-06-21T13:45:15-05:00May 11th, 2020|Bank Updates, Blog|

Stressful Times Require Team Awareness

Gaining Awareness We all know it, it’s been said many different ways, and so many times – so let me make this short: Our lives, business, and normalcies have entirely changed. So, when our Human Resource and Talent Development Officer, Melissa Deutsch, suggested checking our team status by executing a word cloud, my immediate answer ...

2022-06-21T13:45:29-05:00May 8th, 2020|Blog, Leadership|
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