Drake Bank
Karen A. LaBate is the Vice President of Commercial Banking at Drake Bank, serving in various leadership positions within the banking industry. Karen A. also holds roles as Board Treasurer at Women in Manufacturing Minnesota, Board Chair at Hope for Tomorrow, and has been involved in nonprofit organizations such as NYLC. LaBate is committed to empowering women in manufacturing, fostering mentoring relationships for young teens, and promoting service-learning in communities.
Drake Bank
Drake Bank is a purpose-driven independent bank in St. Paul. We were founded in 2002 by a group of successful local entrepreneurs committed to helping others succeed for the shared prosperity of their community. Our 70+ founders invested their own money to fund the first business loans, and many are still shareholders today. Our commitment: We believe that financial independence begins with financial literacy. We get to know you and help you feel smarter about how you manage your money, one of the most complex issues in our lives. We believe that when small businesses thrive, the entire community thrives. We are well networked in the local community, have deep expertise in funding options, and work with a variety of situations. We serve as trusted advisors and advocates providing valuable resources and connections so you can grow at the right time and in the right way. We offer competitive rates, a variety of savings and checking accounts to fit your needs, and comprehensive online and mobile banking tools. We are empowered to be resourceful and to get things done quickly. Add us to your “board of advisers,” and start building a better future. Learn more at drake-bank.com.