Recent News

Same Day ACH simplifies state government transactions

The Automated Clearing House (ACH) Network is an electronic payment network used by individuals, businesses, financial institutions and government organizations. The network allows funds to be electronically debited or credited to a checking account, savings account, financial institution general ledger account or loan account. The ACH Network is a batch processing, store-and-forward system. Transactions are Read More

Spotting counterfeit bills

Several security features have been added to U.S. currency to deter counterfeiting. However, these measures are only effective if the individuals accepting the money know them. Here are a few things you should look for.   Holding the bill to a light will reveal several security features. You should see a holograph of the face Read More

Every dollar counts when you’re saving for college

North Dakota residents could have a few extra dollars to put toward their children’s college savings when they open a College SAVE 529 account. College SAVE, the state’s 529 college savings plan, was able to renegotiate its fee structure on accounts opened directly through the plan. The revised fee structure reduces fees by 35 percent. Read More

Bank of North Dakota releases 2016 Annual Report

BISMARCK – In its 2016 Annual Report, Bank of North Dakota (BND) reported its 13th consecutive year of record profits, with $136.2 million in net earnings. Total assets decreased slightly from $7.4 billion in 2015 to $7.3 billion in 2016. BND ended the year with capital of $876 million. The state’s return on its investment Read More

Bank of North Dakota enhances loan programs to support economic diversification

BISMARCK – Enhancing business diversification efforts and addressing financing gaps in economic development programming were key issues identified in a series of 40 meetings with business and finance leaders, economic development professionals and elected officials across the state in 2016. The outcome of these meetings combined with additional research by Bank of North Dakota (BND) Read More

Bank of North Dakota announces loan program changes

Enhancing business diversification efforts and addressing financing gaps in economic development programming were key issues identified in a series of 40 meetings with business and finance leaders, economic development professionals and elected officials across the state in 2016. The outcome of these meetings combined with additional research by Bank of North Dakota (BND) has resulted Read More

Bowman County industrial park

The Bowman County Development Corporation began the process of evaluating the possibility of an industrial park early in 2015. With community collaboration and leadership, the project will see construction starting this summer. Teran Doerr, executive director of the Bowman County Development Corporation, offered information about this project in a recent Q&A. Tell us how this Read More

UAS development in the Grand Forks region

Collaboration and leadership are key lessons Terry Sando shares regarding how the Grand Forks region has become a national leader in unmanned aerial system (UAS) development. Sando is the director of UAS Development for the Grand Forks Region Economic Development Corporation (EDC). How has the industry developed in the Grand Forks region? The development of Read More

College SAVE hosts 529 Day activities

May is special for many reasons: Mother’s Day, graduations, tulips and 529 Day which celebrates tax-advantaged 529 plan accounts. Instituted by the Internal Revenue Service, 529 accounts help people save for college. In North Dakota, College SAVE is the 529 plan supported by the State. Anyone can open an account with as little as $25 Read More

BND goes live

That’s right. BND goes live every Tuesday at 4 p.m. on Facebook Live to discuss a variety of higher education topics. We’ll provide important information and answer your questions on everything from starting a College SAVE account through repaying student loans. Join us. We’d love to chat with you. This is a list of upcoming Read More

North Dakota Dollars for Scholars accepting scholarship applications

North Dakota Dollars for Scholars is accepting scholarship applications from North Dakota high school seniors and college students. A total of $100,000 in scholarships will be awarded, ranging from $500 to $2,500 each for the 2017-18 academic year. Applicants must be from a North Dakota community with an active Dollars for Scholars affiliate to qualify. Read More

Sign up for College Application Month 2017

High school counselors or administrative staff are asked to take a couple of minutes and register their schools for next year’s College Application Month events in October 2017. You don’t need to commit to a date yet, but Bank of North Dakota needs to hear from you by the end of May so they can Read More

Can you pass the leadership test? 

Each and every adult who is a leader was once a kid. No kidding, right? But, it should make you, today’s teen, stop and think about what you are doing to be a leader as you become an adult. Entrepreneur magazine recently published an interesting article on the 22 qualities that make a great leader. Read More

The category is “What to know about paying for college”

The category “What to know about paying for college” may not appear on your favorite game show, but for students and their parents, the following are important facts to know. How would you score in this round? Clue: This is the first step in determining if you qualify for federal grants and student loans. Answer: Read More