Angie Wieck, Published July 30 2013
Gate City Bank celebrates 90th year in business
The celebration, which included a picnic, games, hotel stay and trip to a Fargo-Moorhead RedHawks game, was organized to thank employees for the bank’s continued growth, said Steve Swiontek, Gate City president and chief executive officer.
The bank opened its first location under the name Gate City Loan Association on July 2, 1923, in the Graver Hotel in Fargo.
Gate City’s early focus was home loans, said Janess Sveet, Gate City’s marketing manager. After its first year in business, the bank had eight employees and held $16,000 in assets.
While Gate City is still committed to providing mortgage funds, it has evolved over the years to provide a complete banking experience for its customers, Sveet said.
The mutual community bank now holds $1.6 billion in assets and has 462 employees working in its 33 offices across North Dakota and western Minnesota. A 34th location is slated to open on Veteran’s Boulevard in West Fargo early next year.
Swiontek said the bank’s vision for the future will be a continued commitment to North Dakotans and the people of western Minnesota who have supported the bank’s growth.
“They have allowed us the opportunity to grow, and we want to make sure that we have the types of products and services to take care of their banking needs,” he said.
Another important part of Gate City’s mission going forward will be philanthropic giving, Swiontek said.
Over the past 10 years, the company has made $11.2 million in charitable donations and its employees have volunteered more than 145,000 hours while on company time.
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Angie Wieck at (701) 241-5501