Gate City Bank, Fargo, N.D. will open five new offices inside community-based grocery stores throughout Minnesota and North Dakota in 2020.
The new offices are part of the $2.3 billion bank’s growing partnership with Coborn’s, Inc., St. Cloud, the parent company of Cash Wise Foods, Coborn’s and Hornbacher’s grocery stores.
The newest branch was announced in November, and will open inside Cash Wise Foods in St. Cloud.
The Fargo-based bank announced in October its plan to open two Cash Wise locations in Bismarck and Dickenson, N.D., and are expected to open in the summer and spring of 2020, respectively.
The bank announced at the end of September its plan to open two locations inside Cash Wise and Coborn’s in Sauk Rapids and Waite Park, Minn., both to open in March 2020.
“We are excited to invest in St. Cloud, Sauk Rapids and Waite Park,” said Steve Swiontek, Gate City chair of the board and executive chair. The bank’s philanthropy and commitment to the community has resulted in steady growth, Swiontek said.
Gate City Bank donated more than $2.2 million in charitable giving in 2018, and team members dedicated more than 14,000 hours to volunteerism. The bank matches team member gifts to nonprofits dollar-for-dollar.
“Our success is driven by our commitment to a culture of philanthropic giving and being an employer of choice,” said Swiontek.
In July, the bank celebrated saving its customers $10 million in student loan interest as part of its student loan program. Since 2003, the bank’s customers have saved more than $33 million in ATM fees with the bank’s automatic ATM fee refund program.
“We are passionate about making a difference every single day,” said Kevin Hanson, president and CEO of Gate City Bank. “We accomplish this by providing innovative products and services, listening to our customers and engaging with our communities.”