St. Paul, Minn. | November 14, 2024 - The Minnesota Bankers Association (MBA) has recognized 84 Minnesota banks, including Drake Bank, for their community involvement. MBA’s Community Champion program honors and recognizes the vital role banks play in their communities. For its second consecutive year, Drake Bank was recognized as a Community Champion for working with ...
St. Paul, Minn. | October 15, 2024 – Twin Cities Business (TCB) Magazine, a leading resource for business news, insight, and inspiration, and Mpls.St.Paul (MSP) Magazine, a local publication providing timely, dependable, and interesting information about the people, places, and events that form the Twin Cities; announced Stephanie Scarrella, senior mortgage lender at Drake Bank ...
St. Paul, Minn. | September 3, 2024 – Michael Wier has joined the Drake Bank Board of Directors, with service starting in August 2024. With over thirty years of experience in the financial services industry, Wier brings a wealth of knowledge and expertise that will be invaluable to the Bank’s strategic initiatives and growth plans. ...
St. Paul, Minn. | August 29, 2024 – Drake Bank welcomes John Sander as vice president, commercial banker. Sander’s experience in client service will make him an excellent fit for the Bank’s mission to build better futures for the community. In his role at Drake Bank, Sander will work closely with clients to build and ...
St. Paul, Minn. | August 27, 2024 – Drake Bank is honored to announce that it has been recognized by the U.S. Small Business Administration (SBA) as the top lender in Minnesota for financial institutions with assets below $250 million. This award highlights Drake Bank's dedication to empowering small businesses and promoting economic growth within ...
St. Paul, Minn. | August 14, 2024 – Drake Bank welcomes Frank Inamagua as vice president, commercial banker. Inamagua brings a wealth of experience and a proven track record in business and retail banking, having over 15 years at various financial institutions. In his role at Drake Bank, Inamagua is responsible for developing, growing, and ...
St. Paul, Minn. | June 25, 2024 – Drake Bank is proud to announce its participation in the First-Generation Homebuyers Community Down Payment Assistance Fund Program to empower first-time homebuyers in Minnesota. This initiative offers up to 10% of a home’s purchase price (up to $32,000) as a forgivable loan designed to help first-generation buyers ...
St. Paul, Minn. | April 8, 2024—Twin Cities Business (TCB) Magazine — a leading resource for business news, insight, and inspiration — announced Janet Alland, senior vice president of retail banking at Drake Bank, as one of 18 Notable Women in Banking and Finance honorees. The individuals featured as Notable Women in Banking and Finance ...
St. Paul, Minn. | April 4, 2024 – Drake Bank welcomes Jeff (Jeffrey) Weldon to the senior management team as senior vice president, chief financial officer. With over 25 years of banking experience, Weldon’s innovation and leadership will assist the Bank in achieving the next level of success and growth. Weldon’s results-oriented experience includes helping ...
St. Paul, Minn. | March 26, 2024 – Drake Bank is pleased to announce the launch of its newest program, the ITIN mortgage program. This program provides mortgage products to individuals without a Social Security Number (SSN) and promotes homeownership opportunities for all. Individual Taxpayer Identification Number (ITIN) mortgages are designed to offer flexible and ...