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 ...
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 ...
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 ...
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 ...
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 ...
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, ...
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 ...
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 ...
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 ...
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 ...