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Minnesota Bankers Association: Bankers On the Move

Holly Stocker has joined the Drake Bank Board of Directors, with service starting in April 2021. The addition of Stocker to the Drake Bank Board is part of the strategy to expand the Drake Bank Board's breadth by relying on experienced community business leaders from a wide variety of disciplines with specific subject matter expertise. ...

2022-06-21T10:53:04-05:00August 1st, 2021|In the News|

Minnesota Bankers Association: July/August 2021 Announcements

BauerFinancial, Inc. has awarded Drake bank the highest (5-Star) rating for financial strength and stability. The 5-Star rating is proof that Drake Bank excels in areas such as capital adequacy, profitability, asset quality, and more. BauerFinancial's Bank star ratings are based on December 31, 2020, financial data compiled from call report data reported to federal ...

2022-05-23T12:43:02-05:00August 1st, 2021|In the News|

Yahoo Finance: Plato Holdings, Inc. Announces Closing of $5 Million of Subordinated Debentures

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 ...

2021-07-14T07:50:25-05:00July 12th, 2021|In the News|

Drake Bank Awarded 5-Star Trusted Community Bank by BauerFinancial

St. Paul, Minn. | May 10, 2021 – BauerFinancial, Inc. – the nation’s premier bank rating firm – has awarded Drake Bank the highest (5-Star) rating for financial strength and stability. The 5-Star rating is proof that Drake Bank excels in areas such as capital adequacy, profitability, asset quality, and more. “This is indeed reflective ...

2022-06-21T10:53:59-05:00May 10th, 2021|Bank Updates, In the News|
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