St. Paul, Minn. | August 23, 2021 – Drake Bank welcomes Karen A. LaBate as vice president commercial banker. LaBate has over 17 years of experience in commercial banking at community banks throughout Minnesota. LaBate has a passion for building relationships with clients to help meet their business needs and goals while managing risk. In her ...
St. Paul, Minn. | July 12, 2021 – Plato Holdings, Inc., the parent company of Drake Bank, announced the closing of its privately placed $5 million fixed-to-floating rate subordinated debentures. The Plato Holdings, Inc. 2021 Series A Subordinated Debentures (CUSIP US 72767WAA99) have a maturity date of July 1, 2031, and carry a fixed rate ...
St. Paul, Minn. | April 26, 2021 – Holly Stocker has joined the Drake Bank Board of Directors, with service starting in April 2021. The addition of Stocker to the Drake Bank Board is part of the strategy to expand the Drake Bank Board's breadth by relying on experienced community business leaders from a wide ...
St. Paul, Minn. | February 25, 2021 – Brianna Harstad has been named human resources and talent development officer. Harstad joined the Bank in October 2020 as human resources and talent development manager. Harstad will continue overseeing the Bank’s talent acquisition, training and development, benefits, compensation, performance management, and employee relations. Harstad also serves as ...
St. Paul, Minn. | February 12, 2021 – Twin Cities Business (TCB) Magazine – a leading resource for business news, insight, and inspiration – announced Laura Gevik, senior vice president, chief operations officer at Drake Bank, as one of 22 Notable Women in Commercial Banking honorees. “TCB’s 22 Notable Women in Commercial Banking were already ...
St. Paul, Minn. | January 25, 2021 – Drake Bank welcomes Justin Robinson, J.D. as vice president of compliance and risk. Robinson has over 18 years of experience in providing compliance and risk consulting to financial institutions in his previous roles at CliftonLarsonAllen LLP and McGladrey. In his most recent position at CliftonLarsonAllen LLP, Robinson ...
St. Paul, Minn. | January 8, 2021 – Erin Callan has been named assistant vice president, credit administration. In the new role, Callan will oversee credit underwriting and analysis, loan operations, and reporting for board and committee meetings, and examinations and audits. Callan has worked at Drake Bank for over two years as the credit ...
St. Paul, Minn. | December 1, 2020 – Drake Bank has honored each team member as a 2020 Hero for their commitment to our community and company mission and vision. 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 ...
St. Paul, Minn. | November 16, 2020 – The Federal Reserve is temporarily offering the Main Street Lending Program to support lending to small and medium-sized for-profit businesses and nonprofit organizations that were in sound financial condition before the onset of the COVID-19 pandemic. The Main Street Lending Program aims to keep credit flowing to ...
St. Paul, Minn. | October 27, 2020 – Drake Bank welcomes Janet Alland as vice president, consumer financial services, and retail banking. Alland’s expertise and leadership from over 30 years of consumer banking experience align with Drake Bank’s vision of expanding consumer products and growing the consumer client-base. Additionally, Alland’s focus on client service has ...