![Gate City Bank](https://upload.wikimedia.org/wikipedia/commons/1/17/Gate_City_Bank.JPG)
Gate City Bank is a
mutually owned bank headquartered in
Fargo, North Dakota
Fargo ( /ˈfɑɹɡoʊ/) is a city in and the county seat of Cass County, North Dakota, United States. According to the 2020 census, its population was 125,990, making it the most populous city in the state and the 219th-most populous city in ...
, with 43
branches
A branch, sometimes called a ramus in botany, is a woody structural member connected to the central trunk of a tree (or sometimes a shrub). Large branches are known as boughs and small branches are known as twigs. The term ''twig'' usually ...
across
North Dakota
North Dakota () is a U.S. state in the Upper Midwest, named after the Native Americans in the United States, indigenous Dakota people, Dakota Sioux. North Dakota is bordered by the Canadian provinces of Saskatchewan and Manitoba to the north a ...
and central
Minnesota
Minnesota () is a state in the upper midwestern region of the United States. It is the 12th largest U.S. state in area and the 22nd most populous, with over 5.75 million residents. Minnesota is home to western prairies, now given over to ...
. The Bank is governed by a six-member
Board of Directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...
elected by the membership.
History
Founded in 1923 by eight members as ''Gate City Building & Loan Association''. In 2021, its total
asset
In financial accountancy, financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value ...
s reached $3.1 billion.
External links
Official web site
References
{{Reflist
Banks based in North Dakota
Companies based in Fargo–Moorhead
Banks established in 1923
1923 establishments in North Dakota
American companies established in 1923