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 ...
The Merriam Webster Dictionary defines the word “hero” as “a person admired for achievements and noble qualities” and “one who shows great courage.” Community bankers are known for making a local difference in the community, and the people of Drake Bank are representative of this commitment. As such, the bank has honored each of them ...
Social Assurance announced Drake Bank as a winner of the 2020 Community Spark Award. The award recognizes banks and credit unions making an outstanding difference in their local communities through unique support, volunteerism, philanthropy, and development initiatives. Read More
When an underinsured driver took Chey Eisenman off the road, her customers were there to give her a lift. It had been a rough 2020 for Chey Car, the beloved Twin Cities car service Eisenman founded during one recession and kept running through a pandemic, recession and the rise of ride-shares. Read More
With COVID-19 significantly hindering small businesses and the job market, Drake Bank saw that its community needed help. Its mission is to “Build a Better Future,” and with the abundance of uncertainty, they leaned into their mission and core values by creating the Drake COVID-19 Relief Fund. Its goal was to provide financial assistance to ...
Drake Bank, St. Paul, announced that Bo Thao-Urabe and Richard Wanke have joined its board of directors. Thao-Urabe is co-founder and executive network director of the Coalition of Asian American Leaders; Wanke is an entrepreneur and now is chief commercial officer at Urban FT (North America). Read More
Backend technology provider Urban FT announced the launch of the X-35 FinTech Core.™ Described as “An API-first, developer-friendly, and cloud-based technology hub that sits alongside of, and is connected to, a Financial Institutions existing Banking Core or Payment Processor.” Read More
On the board Drake Bank, St. Paul, named to its board: Bo Thao-Urabe of the Coalition of Asian American Leaders and Richard Wanke, an experienced entrepreneur and chief commercial officer at Urban FT. Read More