St. Paul, Minn. | January 24, 2023 – Drake Bank has been approved as a lender in the Minnesota Loan Guarantee Program by the Minnesota Department of Employment and Economic Development (DEED). The Minnesota Loan Guarantee Program (MNLGP) provides guarantees to enrolled lenders for up to 80% of principal on loans to eligible businesses. It ...

St. Paul, Minn. | December 13, 2022 – Drake Bank has promoted Justin Robinson to senior vice president, risk and compliance. Robinson joined the Bank in January 2021 as vice president, compliance and risk. With this promotion, Robinson will join the Bank’s senior management team. Robinson will continue to oversee the Bank’s compliance, internal audit, risk, ...

St. Paul, Minn. | October 18, 2022 – Twin Cities Business (TCB) Magazine, a leading resource for business news, insight, and inspiration, and Mpls.St.Paul Magazine provides timely,  dependable, and interesting information to its readers about the people, places, and events that form the Twin Cities; announced Stephanie Scarrella, senior mortgage lender at Drake Bank (NMLS# ...

St. Paul, Minn. | October 13, 2022 – Drake Bank welcomes Stacy Arnold as assistant vice president loan operations officer. Arnold has over 20 years of community banking experience in her previous roles at Luminate, Old National Bank, and KleinBank. Additionally, Arnold has extensive loan operations and processing experience and knowledge. In her role at ...

St. Paul, Minn. | September 14, 2022 – Drake Bank announces its partnership with B Generous and the launch of Donate Now, Pay LaterTM (DNPL), a revolutionary new fintech allowing donors to make contributions to their favorite nonprofits through a Point of Donation LoanTM (PoDL). This proprietary philanthropic credit product allows nonprofits to receive donations ...

St. Paul, Minn. | August 23, 2022 – Drake Bank has promoted Tegan Dornink to credit administration officer. Dornink joined the Bank in December 2019 and most recently served as Senior Credit Analyst. Dornink will lead the Bank’s credit analysis department’s processes, procedures, workload, and team members while performing credit underwriting and analysis for complex ...

St. Paul, Minn. | July 12, 2022 – Drake Bank welcomes Patrice Lewis as assistant vice president deposit operations officer. Lewis has over 25 years of treasury management, banking, and call center experience in her previous roles at CBRE, Bellacor, Federal Reserve Bank of Minneapolis, and Signal Financial. In her role at Drake, Lewis is responsible ...

St. Paul, Minn. | July 7, 2022 – Drake Bank has promoted Laura Gevik to executive vice president, chief operations officer. Gevik joined the Bank in May 2020 as senior vice president, chief operations officer. Gevik will continue to oversee the Bank’s audit, BSA, compliance, deposit operations, finance, human resources, marketing, and project management functions. ...

St. Paul, Minn. | April 28, 2022 – Drake Bank welcomes Bill (William) Miller as vice president commercial banker. Miller, a third-generation banker, has over 40 years of banking experience and building relationships, helping businesses grow and meet their goals. Miller is recognized as a Paul Harris Fellow by Rotary International and has received the ...

St. Paul, Minn. | April 25, 2022 – Drake Bank announces 20 years of community banking and building better futures. Drake Bank was chartered on May 1, 2002, being the first new bank chartered in St. Paul for 40 years. Since its inception, Drake Bank has focused on building relationships with the community and small ...