St. Paul, Minn. | July 11, 2023 – Drake Bank welcomes Lisa L. Franxman as VP, Commercial Banker/SBA Specialist. Franxman has over 20 years of experience in various facets of the banking industry, such as commercial and SBA lending. In her role at Drake, Franxman will assist Drake in growing the SBA lending area as ...
St. Paul, Minn. | June 15, 2023 – Drake Bank welcomes Jim (James) Iacarella as ITIN Mortgage Loan Officer (NMLS #343004). Iacarella is a highly accomplished mortgage officer with over 30 years of experience in developing relationships and helping individuals through the mortgage process. Additionally, in the last 13 years, Iacarella has maintained a hyper-focus ...
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. ...