Gateway First Bank
Mortgage banking, commercial, and personal financial services.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | - | ||
| Total Funding | 000k | ||
Gateway First Bank is a financial institution based in Oklahoma that offers a range of banking and mortgage services to both individual consumers and commercial clients across the United States. The company originated as Gateway Mortgage Group in 2000, founded by J. Kevin Stitt with the goal of helping families achieve homeownership. By 2017, the company had grown to 1,200 employees serving 100,000 customers. A significant milestone occurred in 2019 when Gateway Mortgage Group merged with Farmers Exchange Bank, a century-old community bank. This merger led to the formation of Gateway First Bank, expanding its portfolio of financial services. At the time of the merger, the new entity had $1.2 billion in assets, over 1,200 employees, five banking centers in Northwest Oklahoma, and 160 mortgage centers in 40 states.
The bank provides a comprehensive suite of personal banking products, including checking and savings accounts, certificates of deposit (CDs), credit cards, and various personal loans such as auto and home improvement loans. For businesses, it offers commercial real estate financing, capital for growth, and agricultural lending options. The bank's business model combines community banking with a substantial national mortgage operation. It operates as one of the largest bank mortgage operations in the U.S. and is among the top ten largest banks in Oklahoma by asset size. The company leverages technology to enhance the customer experience, utilizing platforms like the FIS core banking system and the Blend point-of-sale system to streamline processes like loan applications.
Gateway First Bank is headquartered in Jenks, Oklahoma. J. Kevin Stitt, who founded the company, was elected Governor of Oklahoma in 2018. Following his election, Stephen Curry, a banker specializing in transitions, took over as CEO to lead the acquisition and transformation into a full-service bank. The bank actively engages in community support through charitable contributions and volunteer efforts.
Keywords: mortgage banking, personal banking, commercial banking, community bank, home loans, financial services, real estate financing, agricultural lending, retail banking, corporate banking, mortgage origination, loan servicing, checking accounts, savings accounts, commercial loans, deposit accounts, wealth management, treasury management, digital banking, Oklahoma bank
