Insights

Community Banking Growth Drake Bank is a purpose-driven independent bank with strong local roots in St. Paul, founded by 70+ entrepreneurs who funded initial loans. This suggests potential value in partnerships or services that support community lending, local market insights, and expanded small business outreach.

SBLO and Treasury Recent hires include a VP of Commercial Banking, a Treasury Management Officer, and a Banking and Treasury Services Senior VP, indicating a focus on enhanced cash flow services, treasury management, and scalable lending for mid-market clients.

Awarded Lender Recognition as a top Minnesota SBA lender and a 2025 Community Champion signals credibility with small businesses and government-backed lending channels, suggesting opportunities for expanded SBA/CSB program collaborations and referral partnerships.

Digital and Tools Tech stack includes AWS, WordPress, Shopify, Tealium, and Microsoft 365 with modern communications via Teams, implying readiness for digital banking experiences, marketing automation, and data-driven client servicing that can be leveraged for cross-sell campaigns.

Revenue and Scale Revenue is in the $25M–$50M range with a lean employee base (11–50) and recent leadership promotions, indicating opportunities to tailor outsourced or scalable back-office, treasury, or fintech partnerships to optimize efficiency and support growth.

Similar companies to Drake Bank

Drake Bank Tech Stack

Drake Bank uses 8 technology products and services including AudioEye, Amazon Web Services, WordPress, and more. Explore Drake Bank's tech stack below.

Media & News

Drake Bank's Email Address Formats

Drake Bank uses at least 4 email formats:
Drake Bank Email FormatsExamplePercentage
FLast@drake-bank.comJDoe@drake-bank.com
92%
Last@drake-bank.comDoe@drake-bank.com
5%
FirLast@drake-bank.comJohDoe@drake-bank.com
1%
LastF@drake-bank.comDoeJ@drake-bank.com
2%

Frequently Asked Questions

What is Drake Bank's phone number?

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You can contact Drake Bank's main corporate office by phone at . For more prospecting data, LeadIQ has access to up-to-date and accurate contact information within our platform. Find, capture, and sync contact data to your CRM and sales tools in one click.

What is Drake Bank's official website and social media links?

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Drake Bank's official website is drake-bank.com and has social profiles on LinkedIn and Crunchbase.

How much revenue does Drake Bank generate?

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As of August 2026, Drake Bank's annual revenue is estimated to be $25M - $50M.

What is Drake Bank's SIC code and NAICS code?

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Drake Bank's SIC code is 6029 - Commercial Banks, Not Elsewhere Classified and NAICS code is 52211 - Commercial Banking.

How many employees does Drake Bank have currently?

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As of August 2026, Drake Bank has approximately 38 employees across 1 continents, including North America. Key team members include Chief Growth Officer: N. B., Vice President Relationship Banker: A. B. and Assistant Vice President Commercial Lending: B. W. Explore Drake Bank's employee directory with LeadIQ.

What industry does Drake Bank belong to?

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Drake Bank operates in the Banking industry.

What technology does Drake Bank use?

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Drake Bank's tech stack includes AudioEye, Amazon Web Services, WordPress, Shopify, Microsoft 365, Microsoft Dynamics, Tealium and Microsoft Teams.

What is Drake Bank's email format?

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Drake Bank's email format typically follows the pattern of FLast@drake-bank.com. Find more Drake Bank email formats with LeadIQ.

How much funding has Drake Bank raised to date?

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As of August 2026, Drake Bank has raised $3.1M in funding. The last funding round occurred on Oct 10, 2023 for $3.1M.

When was Drake Bank founded?

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Drake Bank was founded in 2002.
Drake Bank logo

Drake Bank

BankingMinnesota, United States11-50 Employees

Drake Bank is an independent, community-oriented bank based in St. Paul, Minnesota. Founded in 2002 by local entrepreneurs who funded early business loans with their own resources, the bank prioritizes financial literacy as a foundation for financial independence. It positions itself as a partner for local small businesses, drawing on its regional network and knowledge of funding options to serve as trusted advisors and connectors that help clients grow at the right time and in the right way.

The bank offers competitive rates and a range of savings and checking accounts, along with online and mobile banking tools designed for convenient money management. In August 2025, Drake Bank was recognized by the U.S. Small Business Administration as the top lender in Minnesota among institutions with assets in the $250 million to $500 million range, a reflection of its active role in community lending.

Section iconCompany Overview

Phone number
SIC Code
6029 - Commercial Banks, Not Elsewhere Classified
NAICS Code
52211 - Commercial Banking
Founded
2002
Employees
11-50

Section iconFunding & Financials

  • $3.1M

    Drake Bank has raised a total of $3.1M of funding over 1 rounds. Their latest funding round was raised on Oct 10, 2023 in the amount of $3.1M as a Venture Round.

  • $25M - $50M

    Drake Bank's revenue is estimated to be in the range of $25M - $50M

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