Drake Bank opened for business on May 1, 2002 as the first new chartered bank in the city of St. Paul in 40 years.
A local group of investors recognized a need for a new bank as they saw other local community banks being sold and merged with large out-of-state banking conglomerates. They wanted to get back to providing strong customer service by experienced bankers.
The Bank is located at the southwest corner of South Robert Street and Plato Boulevard across the Mississippi River from downtown St. Paul . The 80,000 sq. ft. renovated building once was home to Drake Marble and Tile, Co. where, since 1905, many St. Paul residents purchased marble and granite for their homes and businesses.
