Gate City Bank
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Gate City Bank is a mutually owned banking organization that was started in 1923 by eight citizens of the state of North Dakota. The company was created as Gate City Building & Loan Association in Fargo, North Dakota. Fargo is still the company's corporate headquarters today. The bank's advertising focuses on part of their mission statement, which promotes Gate City as being "For A Better Way Of Life."
Gate City Bank has 32 locations in 19 North Dakota and western Minnesota communities. Included in those 32 locations is a "Virtual Office" that serves as the company's Internet-based banking service area. The bank opened two new locations in Minnesota in the summer of 2009, in the communities of Fergus Falls and Alexandria.
In 2008, the bank celebrated its 85th anniversary by surpassing the $1 billion mark in total assets for the first time.
The company employs approximately 400 people throughout North Dakota and Minnesota. It is governed by a six-member Board of Directors. The current Chairman of the Board/President/CEO is Steven J. Swiontek.
