About Drake Bank

Drake Marble Company

Our History
Drake Bank opened for business in May 2002, and was the first new bank to be chartered in St. Paul in 40 years. The idea for the new bank rose from a group of local investors and bankers who recognized that a void in personal service and local support had developed. They saw that the power of connections between bankers, businesses, employees, and other local resources was not being leveraged.

Drake Bank LobbyThe home for the new bank was found in the extensively renovated Drake Building, once the home of the Drake Marble and Tile Company. For over 100 years Drake Marble was a supplier of materials for buildings, coast-to-coast, including the Minnesota State Capitol. Today, the four-story Drake building has an atrium where the sun lights up the internal entrance to Drake Bank and highlights the original massive columns and brick walls.
It’s a unique setting for a unique bank.

Our Future
Drake Bank is focused on helping small businesses in the Twin City area grow and prosper. At the same time we will provide the best in personal banking products and services to our business clients, their employees, and our neighbors. We will play a meaningful role in the development of our communities.