ST. PAUL, Minn., July 12, 2021 /PRNewswire/ -- Plato Holdings, Inc., the parent company of Drake Bank, announced the closing of its privately placed $5 million fixed-to-floating rate subordinated debentures. The Plato Holdings, Inc. 2021 Series A Subordinated Debentures (CUSIP US 72767WAA99) have a maturity date of July 1, 2031, and carry a fixed rate [...]
Drake Bank, St. Paul, announced the hires of Brianna Harstad as human resources and talent development officer and Hailey Lewis as brand and project activation officer. Read More
Twin Cities Business (TCB) Magazine - a leading resource for business news, insight, and inspiration - announced Laura Gevik, senior vice president, chief operations officer at Drake Bank, as one of 22 Notable Women in Commercial Banking honorees. Read More
Drake Bank, St. Paul, has welcomed Justin Robinson as vice president of compliance and risk. Read More
Drake Bank, St. Paul, announced that it has named Erin Callan assistant vice president, credit administration. Read More
TCB’s 22 Notable Women in Commercial Banking were already responsible for managing trillions of dollars at some of Minnesota’s largest commercial banks and institutions. Add in a global pandemic and they were also responsible for steering clients through the complexities of the Paycheck Protection Program (PPP) and other Covid-19 assistance programs, helping to keep Minnesota [...]
The Dakota County Regional Chamber of Commerce elected two new board members at the January DCR Chamber Board meeting. Richard Payne, Ecolab, and Scott Swenson, Drake Bank, have been asked to serve on the Board of Directors for a three-year term commencing February 1, 2021. Read More
With the U.S. Small Business Administration launching a new $284 billion Paycheck Protection Program last week, the Business Journal asked Twin Cities banks whether they plan to participate and, if so, whether they will accept applications from businesses that are not existing customers. We also asked them what prospective borrowers should know. The inquiries to more [...]
As the new year begins, the spirit of giving and service is alive and well in Minnesota's community of Eagan thanks to long-time residents, Scott and Carol Swenson, and their neighbors. "Carol and I are impressed by the giving and caring of our neighbors in our community," said Scott. "While it would be easy to [...]
To the editor: Regarding your article in the Dec. 11 edition of the Business Journal titled, “For PPP, these banks outpunch their big rivals” (published online here), I thought I would take the time to offer a little more perspective. You make it clear the list you published is focused on the “state’s largest banks [...]