picture of the outside of Aldevron Tower with a beautiful sunset in the background

Gate City Bank Commits Unique $2.5M Gift to Support Aldevron Tower

In a press event held Wednesday, September 4, Gate City Bank announced a unique financing arrangement for North Dakota State University’s (NDSU) $28 million Aldevron Tower. This in-kind financial commitment is valued at more than $2.5 million.

“Gate City Bank is a valued and critical partner for the NDSU Foundation and every corner of campus,” said John R. Glover, President and CEO of the foundation. “This financing arrangement allows NDSU to complete construction of Aldevron Tower in a timely and efficient manner, as well as complete critically important research lab renovations in Sudro Hall. The increased capabilities and expansion of these programs is crucial to serving the needs of our citizens.”

Read more on Gate City Bank’s support of Aldevron Tower:

NDSU’s College of Health Professions will call Aldevron Tower and Sudro Hall home. The expansion and renovation brings all of the college’s academic programs – pharmacy, nursing, allied sciences and public health – together, enhancing education for students. Currently, faculty at the college administer seven National Institutes of Health RO1 grants, including work in pancreatic cancer and other diseases.

“Aldevron Tower is a dream come true,” said Charles D. Peterson, Dean of the College of Health Professions. “Having state-of-the-art facilities is so critically important to the future success of our college in helping us recruit and retain the best and the brightest faculty and students to NDSU, as well as in helping us deliver the highest quality education and research possible.”

Gate City Bank’s gift makes the immediate renovation to all three floors of Sudro Hall possible. Specifically, the donation will provide space to accommodate five new research faculty members, office space for professional advisors in the college, the expansion of Sudro Hall’s animal research facility, a new common core equipment room and study and office space for graduate students.

“It is not an understatement to say that all students in health professions at NDSU look forward to facilities that will help us pursue our goals to care for patients, whether we are pharmacists, nurses, allied sciences or public health professionals,” said Sabrina Wolfe, a pharmacy student from Carrington, ND. “Thank you for investing in us and making this possible.”

Thanks to Gate City Bank’s support, construction of Aldevron Tower will wrap up this December, approximately 18 months after breaking ground.

“Gate City Bank is committed to providing a better way of life. Our support of Aldevron Tower will help develop and retain talented health care professionals right here in our community,” said Steve Swiontek, Executive Chair & Chair of the Board at Gate City Bank. “We are proud to partner with NDSU to advance health care and contribute to our growing communities while providing greater opportunities for young professionals who call North Dakota home. We look forward to the positive impact that will result from this state-of-the-art facility.”

“Philanthropy plays an important role in our mission to remain a top-ranked, student-focused land-grant, research university,” said NDSU President Dean L. Bresciani. “From student scholarships to program support and faculty professorships, philanthropic donations support our forward movement. Unique gifts like those received by Gate City Bank in support of our Aldevron Tower allow us to fast-track construction of a facility that will meet the needs of our students and researchers. This positively affects the surrounding communities that have a strong need for this workforce. The health care industry benefits because of the support of Gate City Bank and other benefactors who have made generous contributions to support this project.”

NDSU’s College of Health Professions enrolls more than 2,000 students in pharmacy, nursing, allied sciences and public health. Once the expansion and renovation projects are complete, enrollment and research capabilities will expand, advancing the next frontier of experiential learning and discovery that will benefit North Dakota, the region and the world.

Learn More About Our Community Support Around Aldevron Tower.

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