Drake Bank
✓ FDIC-insured · Active FDIC Certificate #57336
Drake Bank is an FDIC-insured state-chartered bank that is not a Federal Reserve member (supervised by the FDIC), headquartered in Saint Paul, Minnesota, established in 2002. As of the 06/30/2026 FDIC call report, it reported $247M in total assets and $212M in deposits. FDIC location data lists 1 office in Minnesota. The FDIC classifies it as a community bank. It is owned by the holding company PLATO HOLDINGS INC (Saint Paul, MN).
Financial data as of the 06/30/2026 FDIC call report.
Where it operates
Drake Bank's only FDIC-listed office is in Minnesota. Browse banks in Saint Paul for other local options.
Branch locations
| Drake Bank Drake Bank · Full Service - Brick And Mortar | 60 Plato Blvd E Saint Paul, MN 55107 Map ↗ |
Holding company: PLATO HOLDINGS INC
The FDIC lists PLATO HOLDINGS INC, based in Saint Paul, MN, as the top holding company for Drake Bank. The FDIC shows no other active insured banks under the same holding company.
Similar-size banks in Minnesota
Active FDIC-insured banks headquartered in Minnesota with total assets closest to Drake Bank's $247M. See all banks in Minnesota.
| Bank | HQ city | Assets | Offices |
|---|---|---|---|
| First Bank Elk River | Elk River | $369M | 4 |
| ProGrowth Bank | Nicollet | $365M | 4 |
| Heritage Bank National Association | Spicer | $361M | 4 |
| United Community Bank | Perham | $359M | 3 |
| Harvest Bank | Kimball | $355M | 6 |
| Granite Bank | Cold Spring | $353M | 2 |
| Sherburne Bank | Becker | $351M | 4 |
| Farmers and Merchants State Bank of Pierz | Pierz | $336M | 3 |
Drake Bank: common questions
Is Drake Bank FDIC-insured?
Yes. Drake Bank is an active FDIC-insured institution, FDIC Certificate #57336. Deposits are insured up to $250,000 per depositor, per ownership category. You can confirm this on FDIC BankFind.
Where is Drake Bank headquartered?
Drake Bank is headquartered at 60 Plato Blvd E, Saint Paul, MN 55107, according to FDIC records.
How many branches does Drake Bank have?
FDIC location data lists 1 office for Drake Bank, all in Minnesota.
Who owns Drake Bank?
The FDIC lists PLATO HOLDINGS INC of Saint Paul, MN as the top holding company for Drake Bank.
Source: FDIC BankFind Suite (institution, location, and call report data). BankNearMe.com does not rank or rate banks.