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The U.S. Mint has stopped producing pennies, but this change won’t have any immediate impact on Gate City Bank or our customers.
Even though U.S. penny production has ended, you can still get pennies – and exchange pennies – at Gate City Bank. In addition, the bank will not round funds to the nearest nickel. We will continue to provide exact change on withdrawals.
The U.S. Mint in Philadelphia pressed the last penny on November 12, 2025. Because the penny costs nearly 4 cents to produce, discontinuing production is expected to save $56 million a year.
Pennies are still legal tender, like $1 coins or $2 bills, so the bank will continue accepting them. Customers can also continue to exchange loose and rolled coins for free. However, a fee does apply for customers who want to buy boxes of coins.
If you’d like to exchange your pennies – or count your change with our convenient coin machines – stop by any of our locations.
At Gate City Bank, we have a wonderful story to tell. It's aligned with our core purpose, focusing on investing in our customers, communities and team members. Learn more about us!
At Gate City Bank, our customers, communities and team members inspire everything that we are – they’re our people. Learn more about them through heartwarming stories and testimonials!
At Gate City Bank, giving back to the communities where we live and work is at the core of who we are. Learn about all the innovative ways we’re making a difference throughout North Dakota and central Minnesota.
