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 ...
St. Paul, Minn. | October 13, 2020 – Drake Bank welcomes Brianna Harstad as human resources and talent development manager. In this role, Harstad will oversee the Bank’s talent acquisition, training and development, benefits, compensation, and employee relations. Additionally, Harstad will serve as executive assistant to the senior management team and board of directors. Harstad started ...
St. Paul, Minn. | September 14, 2020 – Social Assurance — a marketing, sales, and community development software that helps banks and credit unions support their community – announced Drake Bank and Michigan State University Federal Credit Union (MSUFCU) as the winners for the 2020 Community Spark Award. The award recognizes banks and credit unions ...
St. Paul, Minn. | September 1, 2020 – Drake Bank welcomes Luke Lauer-Hunt as cash management specialist. In this new role, Lauer-Hunt will be responsible for the development, sales, and service for the Bank’s cash management products. This position will work throughout all departments in the Bank, as Drake grows the cash management relationships with ...
St. Paul, Minn. | July 9, 2020 – Bo Thao-Urabe and Richard Wanke have joined the Drake Bank Board of Directors. The addition of Bo and Richard to the Drake Bank Board is part of a strategy to expand the breadth of the Drake Bank Board by relying on experienced community business leaders from a ...
St. Paul, Minn. | May 27, 2020 – Drake Bank welcomes Jay Larson as vice president and controller. Larson has an extensive background in the banking industry, with expertise in business and financial operations, efficiencies, and mergers. Larson comes to Drake Bank after serving as senior financial accountant at Highland Bank. Prior to his work ...
St. Paul, Minn. | May 4, 2020 – Drake Bank welcomes Laura Gevik to the senior management team as senior vice president, chief operations officer. Gevik's results-oriented experience in coaching and developing staff, and bank management and operations will allow Drake to continue in its growth trajectory. Gevik's extensive banking leadership includes working as an ...
St. Paul, Minn. | April 3, 2020 – The Minnesota Department of Employment and Economic Development (DEED) is temporarily offering the Minnesota Small Business Loan Guarantee (SBLG) Program to Minnesota small businesses affected by COVID-19. The SBLG program offers loans to Minnesota businesses with fewer than 250 employees. The loan can be used for a ...
St. Paul, Minn. | March 27, 2020 – Drake Bank has appointed Nichol Beckstrand as Co-Chair of their Board of Directors. Nichol brings significant leadership and financial services industry experience to the Drake Bank Board, including serving as Chief Operating Officer and President at Sunrise Banks. Nichol then served as President and CEO of the ...