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 ...
St. Paul, Minn. | January 8, 2023 – Greg Larson, president and CEO of Drake Bank, has been selected as a member of the American Bankers Association's (ABA) Government Relations Council. ABA has always been at the heart of the innovations that have helped bankers serve their customers. Committed to making sure banks of all ...
St. Paul, Minn. | November 16, 2023 – Drake Bank has promoted Janet Alland to senior vice president, retail banking. Alland joined the Bank in October 2020 as vice president, consumer financial services and retail banking. With this promotion, Alland will join the Bank’s senior management team. Alland will continue to oversee the retail team ...
St. Paul, Minn. | November 14, 2023 - The Minnesota Bankers Association (MBA) has recognized 90 Minnesota banks, including Drake Bank, for their community involvement. Banks play a vital role in their communities, to honor and recognize their involvement, the MBA created the Community Champion Recognition Program. Drake Bank is one of 90 Community Champions ...
St. Paul, Minn. | November 13, 2023 – Lisa Franxman was named the 2023 Legacy Award Winner by the Dakota County Regional Chamber of Commerce (DCR Chamber) at their annual Business Excellence Awards Celebration. The Legacy Award is given to a dedicated business professional, who has made a lasting impact on their companies, and the economic ...
St. Paul, Minn. | October 23, 2023 – 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. | 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, ...