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Marc Cove

Marc L. Cove

Senior Vice President, Commercial Banking
651-332-5222
651-332-5223 fax
mcove@platinumbankmn.com

"I love community involvement and turning the economic wheel. Banking is the best place for me to do that. I'll never be that lender who is too important for a smaller loan. That small loan could lead to a franchise in the right hands."

Marc Cove, 39, has the high energy of a salesman with a career in banking that spans the last 15 years, first with David Rom at MidAmerica Bank and more recently as Vice President with Western Bank in St. Paul, MN. Friends and colleagues for years, David and Marc often talked about starting their own bank. When David officially approached him, however, Marc recalls that he didn't have a lot of interest in leaving Western. That is, until his father, a retired divisional vice president for 3M, gave him some interesting feedback.

"I told him that if I wasn't in this great environment at Western, I would do it in a minute. He said, 'It's great that you feel so fortunate. You lead with your heart and you should be proud of that. Maybe when you go home you'll think with your brain.' He was saying that you only have so many opportunities to do something drastically different."

Marc sees his job as packaging the same dollars that every other bank offers, but in a way that adds value to a customer's business and personal goals. His love of business lends a strategic focus to every transaction, going beyond the initial need to advise customers on the multiple roles they play. He is personally rewarded by the impact those successful businesses make in a community, establishing a strong economic foundation, and giving back.

Marc's true passion is in community development, evident from his current and past leadership positions with the Oakdale Business and Professional Association, the City of Oakdale, School District 622 and others.

"I want kids to feel like they are an important part of the community. You can do very small things and make a gigantic impact on kids, so they feel valued and want to stay in a community and make a home there. Those kids become employees and business owners and improve the overall quality of life."

Supporting a thriving community by understanding and helping to shape customer goals, Marc defines his role at Platinum as stewardship.

Experience

  • Vice President, Western Bank, St. Paul, MN, 1998-2006
  • Teller to Credit Administrator and Branch Manager, MidAmerica Bank, 1991-1998

Education

  • B.S., Business Administration, University of Minnesota, 1992

Accomplishments and Community Involvement

  • President, Co-Action Academic Resources
  • Director, District 622 Communities Partnership
  • Director, MinnBank PAC
  • Director and Past President, Oakdale Business and Professional Association
  • Former Chair, Washington County Workforce Investment Board
  • Former Chair, Oakdale Economic Development Commission
  • Former School Board Member, Treasurer and Vice Chair, District 622, 2003-2008

Interests
Marc and his wife, Carol, have two boys, ages 11 and 9, and enjoy taking family trips to DisneyWorld, volunteering at the school and attending school activities. They are all big Minnesota Wild and Minnesota Gopher Hockey fans.

Equal Opportunity LenderMember FDIC
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