Gate City Bank Acts of Kindness
Acts of Kindness embraces Gate City Bank’s philosophy of supporting our communities through charitable giving and volunteerism and are performed in all our communities by our employees.
Click here to see all the Gate City Bank Acts of Kindness or follow us on our Facebook and Twitter pages. #GCBActsofKindness
Click here to learn more about recent donations.
Neighborhood Revitalization Initiative (NRI) Program
Gate City Bank helps facilitate $270,000 in Housing Grants for North Dakota
North Dakota families will welcome in the new year with the benefit of affordable housing. The Federal Home Loan Bank of Des Moines (FHLB Des Moines) has awarded a $270,000 Strong Communities Fund grant to the City of Fargo to be used for housing rehabilitation. Gate City Bank will help facilitate this grant program between the City of Fargo and the Federal Home Loan Bank of Des Moines to provide home repairs for the elderly and low-income households in the City’s older neighborhoods. This will assist in bringing stability to the lives of recipient families and individuals, as well as strengthen the communities that they live.
Gate City Bank supports Rebuilders Loan Programs
Gate City Bank Gate City Bank is proud to take part in The Rebuilders Loan Programs. The Rebuilders Loan Programs were developed by the North Dakota Legislature to assist residents in rebuilding after the devastating 2011 floods in Minot and surrounding communities. The programs offered loans at a one-percent interest rate, so those affected by the flood could get back into their homes. Over 5,000 households were severely flooded and the loan programs were an essential component in the recovery. To date, Gate City Bank has processed and serviced 518 loans for a total of $16 million. The loan programs were an essential component in the flood recovery. Because of the low-interest-rate loans offered through the Rebuilders Loans Programs, Minot and the other flood-affected communities are being restored and rebuilt.
Gate City Bank offered its own reduced-interest-rate loan program to residents in Minot, Bismarck and Mandan to help them either fix flood damage or take preventative measures to stop possible damage. The bank originated 82 loans worth $1.1 million, with 66 in Minot for a total of $885,000. Gate City Bank services loans locally so we know first-hand the impact a flood can have on the community. We are proud that we were able to help individuals reclaim their homes and their lives after the devastating floods.
Gate City Bank Community Scholarship Program
Gate City Bank is committed to investing in the youth of our communities by awarding forty-six $1,200 scholarships worth $55,200 in 2014. Since 2000, Gate City Bank has awarded $745,400 to help students across the region reach their educational goals. Click here to see the recipients.
North Dakota Housing Incentive Fund Contribution
Gate City Bank presented Governor Jack Dalrymple and North Dakota Housing Finance Agency Acting Executive Director Jolene Kline with a $3 million North Dakota Housing Incentive Fund contribution on November 15, 2013. This contribution, along with Gate City Bank’s 2012 contribution of $1.25 million, will assist in the development of close to 500 units for homeless, workforce, family and senior housing. Serving our customers and connecting with our communities is the cornerstone of Gate City Bank’s mission, and we are thankful for this opportunity to help build a better way of life for our friends and neighbors across the state.
Mister Rogers' Sweater Drive
Gate City Bank is committed to the communities it serves and is excited about the partnership with Prairie Public to bring a Mister Rogers’ Neighborhood Sweater Drive to the communities we serve for a second year in a row! All Gate City Bank offices will serve as community drop-off locations for the new or gently used sweater donations in their local communities. Donations will be collected in October and November with distribution in early December. Gate City Bank will be distributing the collected sweaters to local organizations in our communities.
Gate City Bank Theatre at the FargoDome
Gate City Bank is privileged to sponsor the Gate City Bank Theatre at the FargoDome. The Theatre provides an excellent venue to bring top-quality entertainment to communities across the state of North Dakota and western Minnesota that otherwise might not be possible. Gate City Bank supports the arts and believes in giving back to the communities it serves. www.fargodome.com/theatre