Recent News

State’s Home Mortgage Programs to Consolidate under NDHFA

Bank of North Dakota (BND) and North Dakota Housing Finance Agency (NDHFA) are taking the first steps toward consolidating the roles they play as state agencies in financing residential real estate. Because both agencies provide mortgage loans, they began meeting in 2019 to discuss ways to implement Governor Burgum’s directive to increase efficiency in state Read More

College SAVE announces new match program for kindergarten children

Bank of North Dakota’s (BND) College SAVE Plan announced a new match program that encourages families with children entering kindergarten to save for college. The Kindergarten Kickoff Match will deposit $100 into a new or existing College SAVE account as an incentive to set aside a portion of the family’s daycare budget and start saving Read More

New PPP Provisions

On January 12, 2021, Bank of North Dakota hosted Al Haut, District Manager for the Small Business Administration, to explain the second round of the Paycheck Protection Program signed into law December 27, 2020. Access the recording and PowerPoint presentation from the webinar below: Your Direct Line Webinar: New PPP Provision (Recording) PowerPoint Presentation (PDF)

BND Releases State of Change Videos

Bank of North Dakota visited communities across the state in late 2019 and early 2020 to discuss the impacts of BND programs on their communities whether through supporting businesses or infrastructure. Click on the link to watch the videos.   Flex PACE Loan Program School Construction Loan Program Infrastructure Revolving Loan Fund Medical Infrastructure Loan Read More

COVID Relief Numbers Announced

Nearly 400 business sectors across North Dakota received funding through one of four COVID-relief programs established by Bank of North Dakota. The Bank utilized its network of banks and credit unions across the state to ensure the delivery of funds happened as quickly and efficiently as possible. Applications were accepted through November 30, 2020 for Read More

ND Dollars for Scholars accepting applications

North Dakota Dollars for Scholars is accepting scholarship applications from North Dakota high school seniors and current college students. A total of $85,000 in scholarships will be awarded, ranging from $500 to $2,500 each for the 2020-21 academic year. Every student who graduated from or will graduate from a North Dakota high school can apply, Read More

A Christmas Gift that Makes a Difference

According to the National Retail Federation, Americans plan to spend an average of $700 on Christmas gifts this year. Unless you happen to be an extraordinary gift-giver, chances are that a portion of those gifts are going to be forgotten, thrown away or re-gifted. What gift can you give that you know your friends and Read More

Bank of North Dakota’s S&P credit ratings affirmed

Standard & Poor’s (S&P) affirmed Bank of North Dakota’s (BND) credit rating as “A+” and “A-1” for long-term and short-term credit, respectively, in its annual review released Nov. 9, 2020.

Career Compass: Virtual career and college planning resources

Bank of North Dakota (BND) is going virtual this fall. It has partnered with Dakota Association for College Admission Counseling – North Dakota Council (DACAC) to offer a convenient, one-stop location for career and college planning resources. Students in grades 7-12 and their families can use the new Career Compass site to access the following: Read More

Industrial Commission Approves New Bank of North Dakota COVID Relief Program

Bismarck – The Industrial Commission approved a $50 million interest buydown program to be administered by Bank of North Dakota (BND) for businesses with decreased revenue related to the COVID-19 pandemic. The program, COVID PACE Recovery II, (CPR II), will be funded by CARES Act dollars assigned to Bank of North Dakota. North Dakota business Read More

Bank of North Dakota Expands Loan Options for Tech Firms

BISMARCK – The Industrial Commission approved a Bank of North Dakota (BND) request to expand the parameters of the Accelerated Growth Loan Program. The expansion enables technology companies to utilize an increased amount of monthly recurring revenues as a repayment source that allows the loan limit to grow with the company.  In addition, BND is Read More

Bank of North Dakota Releases 2019 Annual Report

BISMARCK – The state-owned Bank of North Dakota (BND) recorded its 16th consecutive year of record profits in 2019, with $169 million in net earnings, the Bank reported today in its annual report to the state Industrial Commission (Commission). The report’s theme, “From Surviving to Thriving,” focuses on the events and accomplishments of the Bank’s Read More

College SAVE Reading Champion

It’s easy! It’s fun! And when young readers knock out their summer reading, they become College SAVE Summer Reading Champions, earn up to $25 and have a chance to win $529! The North Dakota State Library and Bank of North Dakota have partnered with local libraries to offer the College SAVE Summer Reading Champion campaign. Read More

Calculators Can Help Prevent Unwanted Surprises

Surprises are great – sometimes. When it comes to budgeting and financials, it’s much better to be educated and make thoughtful decisions. BND has created a series of calculators to help you plan so you don’t take on too much student loan or credit card debt. Budget calculator Add up your income and subtract your Read More