Overview of Gate City Bank

Gate City Bank was established in 1923. The bank’s main office is located in the city of Fargo in North Dakota. The bank currently has total assets of $3.3 billion, total net loans outstanding to customers of $2.3 billion and total customer deposits of $2.9 billion. In addition, the FDIC estimates that 93% of the bank’s domestic deposits are insured. Gate City Bank has the third highest share of deposits in North Dakota with 6% share as of June 2021 – it is substantially larger than other community banks that have deposits in the state such as United Valley Bank and Frandsen Bank. The bank currently has a total employee base of 693 people. Gate City Bank is also a bank that uses Zelle – this means that its customers can transfer money quickly and for free using the Zelle Network.

Other Information for Gate City Bank

  • Gate City Bank Routing Number: 291370918
  • Main Office Address: 500 2nd Ave. N., Fargo, ND 58102
  • Website: www.gatecity.bank
  • Total Number of Branches: 44
  • Total Number of International Branches: None
  • Number of Employees: 693
  • FDIC Certificate Number: 27774
  • FDIC Community Bank: Yes
  • FDIC Field Office: Fargo
  • Independent or Subsidiary Bank: Independent
  • Federal Reserve ID Number: 657271
  • Bank Charter Class: SA
  • Primary Regulator: OCC

Gate City Bank Financial Metrics (as of March 2022):

  • Total Assets: $3.3 billion (increase of 10.3% vs. prior year)
  • Net Loans: $2.3 billion (increase of 4.9% vs. prior year)
  • Total Deposits: $2.9 billion (increase of 12.6% vs. prior year)
  • Return on Equity: 4.3%
  • Return on Assets: 0.40%