BISMARCK – The state-owned Bank of North Dakota (BND) reported a profit of $141.2 million in 2020, down from $169 million in 2019 with a return on investment of 15%, according to information presented to the Industrial Commission (Commission) in BND’s annual report today. The report’s theme, “Responding with Confidence,” focuses on the important role Read More
BISMARCK – Bank of North Dakota (BND) President Eric Hardmeyer announced his retirement effective July 6, 2021, at the Industrial Commission meeting today. Hardmeyer has been in the role since 2000, qualifying him as the longest-serving president in the Bank’s 102-year history. A Mott, North Dakota native, he began his career in 1985 as an Read More
Bismarck – Nearly 1,400 North Dakota students, ages 13-19, participated in Bank of North Dakota’s March Money Madness, a financial literacy exercise, which qualified them for a drawing for one of two $1,529 College SAVE scholarships. The 2021 recipients are Annika Tweten from Jamestown High School and Jocelyn Kulseth from Bowman High School. College SAVE Read More
Bank of North Dakota’s 2020 Financing Economic Development Report has been released and highlights the economic development initiatives that our employees, partnerships with the local lending community and stakeholders were able to accomplish during a worldwide pandemic.
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 Program Read More
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
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
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)
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
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
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
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.
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
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