Gate City Bank
FDIC #27774
📍 Fargo, North Dakota
Gate City Bank is a savings bank, state charter, supervised by the fdic. established in 01/01/1923. With assets of $3.47 Billion, it operates 46 domestic branches.
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★★★★★ Nathaniel S
July 19, 2021
Very disappointed
Community Reinvestment Act (CRA) Rating
Latest Exam: September 6, 2022
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
September 6, 2022
Satisfactory
January 25, 2019
Satisfactory
December 8, 2015
Satisfactory
💰 Financial Strength
Total Assets$3.47 Billion
Total Deposits$2.94 Billion
Equity Capital$298.86 Million
Net Income$11.91 Million
📈 Performance
ROA0.46%
ROE5.31%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1923
FDIC Cert27774
Holding CoN/A
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredNo
🕰️ Lobby Hours
Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 5:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2006
Name Change
Name became: Changed Institution Name To Gate City Bank.
2000
Name Change
Name became: Changed Institution Name To Gate City Federal Savings Bank.