Recent News

North Dakota Industrial Commission Approves Drought Loan Programs for Livestock Producers

BISMARCK - The North Dakota Industrial Commission authorized the Bank of North Dakota (BND) to offer two new loan programs that will assist livestock producers impacted by drought during a special meeting held on Sept 13. The Breeding Stock Rebuilding Program allows the borrower to purchase and rebuild breeding stock to average levels pre-drought. The Read More

It takes more than a car to get your kid to college

College SAVE continues to find unique ways to reach the residents of North Dakota. More than 25 car dealers across the state are promoting College SAVE during September through a new partnership with the North Dakota Automobile Dealers Association. For any new car purchased at a participating auto dealer, Bank of North Dakota (BND) will contribute Read More

Steps to follow after Equifax cybersecurity incident

Cybercriminals exploited vulnerabilities and gained access to Equifax files from mid-May through July 2017, potentially impacting 143 million U.S. consumers. This incident exposed Social Security numbers, birthdates, names, addresses, credit card numbers and other personal information. In response, Equifax has taken many steps including dedicating a website to provide resources and updates on the incident. They Read More

DEAL One Loan helps recruit

Reed Reyman, President of CHI St. Alexius Health in Dickinson, recently shared his perspective on utilizing the DEAL One Loan as a recruitment tool. The DEAL One Loan allows North Dakota residents to consolidate all of their student loans, including federal student loans, into one loan and refinance them with a lower interest rate. What Read More

Entrepreneur’s perspective

Our thanks to Garrett Moon, CEO and Co-Founder of CoSchedule – a highly successful North Dakota-based business, for sharing his thoughts on entrepreneurship. Please tell us about CoSchedule. When did you start? What services do you provide? Justin, my Co-Founder, and I were running a web development and marketing consulting company and executing all our Read More

Updating and growing in Mapleton, ND

Mapleton, North Dakota, is completing road and sewer upgrades by utilizing the BND Infrastructure Loan. Mayor Barry Lund and City Engineer Brandon Oye graciously share their thoughts on the assessment, planning and communication needed for the project. Tell us about the problem you needed to address and how it was affecting your community. The Fargo-Moorhead area has been Read More

See you at the 2017 North Dakota State Fair

Bank of North Dakota (BND) will be making the 2017 North Dakota State Fair a little better this year for at least 13 people! In addition to our giant College SAVE mural where children can show off their inner Picasso, we  are giving away six sets of concert tickets and $529 into a new or Read More

Your step-by-step guide to getting student loans

This is a busy time if you are heading to college this fall. Making the final arrangements to pay for college should be one of the top items on your to-do list. This guide will help you start and complete the process. Step 1: Complete the Free Application for Federal Student Aid (FAFSA). This is Read More

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