Recent News

Todd Steinwand named President of Bank of North Dakota

BISMARCK – The Industrial Commission named Interim Bank of North Dakota (BND) President Todd Steinwand as President of the Bank at its meeting on July 27, 2021. Prior to acting as interim President, Steinwand served as BND’s Chief Business Development Officer. Steinwand, succeeds Eric Hardmeyer, who held the position for 21 years, the longest-serving president Read More

Industrial Commission authorizes BND loan programs for livestock producers

BISMARCK, N.D. – The North Dakota Industrial Commission today approved two new Bank of North Dakota (BND) loan programs to help the state’s livestock producers cover expenses related to the extreme drought conditions in the state. Producers must work with their local lender to determine if the programs are appropriate for their situation and make Read More

Bank of North Dakota Releases 2020 Annual Report

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

Eric Hardmeyer Announces Retirement From Bank of North Dakota

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

College SAVE Awards March Money Madness Scholarships

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

2020 Financing Economic Development Report

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.

State of Change Videos Highlight BND’s Impact

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

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)

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

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.

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

Industrial Commission Authorizes Bank of North Dakota Programs to Assist Businesses in Pandemic Recovery Efforts

Bismarck- The North Dakota Industrial Commission today authorized the Bank of North Dakota (BND) to provide two financing programs to assist North Dakota businesses in obtaining long-term, low-interest loans to assist in the state’s economic recovery from the COVID-19 pandemic. The loan programs will help both small and large businesses to secure working capital and Read More

Bank of North Dakota Announces Partnership with EVERFI National Financial Bee

Bismarck – Bank of North Dakota announced that its College SAVE 529 plan is sponsoring the EVERFI National Financial Bee, taking place April 20-30, 2020. The National Financial Bee is a first-of-its-kind nationwide financial literacy challenge for students in grades 7-12. To participate in the National Financial Bee, students may complete five 15-minute modules before Read More

Industrial Commission Authorizes Second Bank of North Dakota Relief Loan Program for Farmers and Ranchers

Bismarck- The North Dakota Industrial Commission today approved a second Bank of North Dakota (BND) loan program to help the state’s farmers and livestock producers cover operating shortfalls and term debt payments, and to restructure existing debt. The Ag Disaster Relief Loan Program allows up to a 10-year amortization for chattel and up to a Read More

Advantage: North Dakota

Bank of North Dakota released its first joint publication with the North Dakota Department of Commerce. Advantage: North Dakota highlights economic development activities and funding opportunities happening in our state. The publication, which will be released 2-4 times year, can be quickly skimmed through and offers links to more information. View the first Advantage: North Read More

Industrial Commission Authorizes a Bank of North Dakota Feed Loan Program For Stressed Livestock Producers

Bismarck - The North Dakota Industrial Commission today approved a new Bank of North Dakota (BND) feed loan program to help the state’s livestock producers cover the cost of feed as they deal with the effects of extreme weather on their operations. The Livestock Feed Loan Program will assist active livestock producers anticipating an expected Read More

BND’s College SAVE Partners with Pride of Dakota Events

BND’s College SAVE plan is thrilled to be joining Pride of Dakota members across the state this fall and winter at Harvest Showcase and Holiday Showcase events. Stop by our booth for answers to your questions about paying for college and to have photos taken of the children in our life – your ‘pride and Read More

BND celebrates 100 years with special events

Bismarck – Bank of North Dakota (BND) is celebrating 100 years this month. In honor of its centennial anniversary, the Bank is holding special events including a celebration at its location, a College SAVE promotion, and the launch of TheBNDStory.nd.gov. These events complement the previously released “The Bank of North Dakota | From Surviving to Read More

Economic Development Report 2018 Released

Bank of North Dakota’s economic development initiatives are highlighted in its recently released 2018 Economic Development report. BND is working with its stakeholders to create a venture capital ecosystem where businesses can thrive. Interest buydowns through the Bank’s programs can potentially help a business save thousands of dollars monthly. Additionally, BND is involved in administered Read More

Postsecondary Education 2018 Report Released

A thriving economy requires an educated workforce. Bank of North Dakota partners with stakeholders across the state to cover the education lifecycle: College SAVE to help families save for college followed by programs that help students determine and pay for the best career path. Our student loan programs fill in the funding gaps during college, Read More

Celebrating 100 years with our favorite people

Bank of North Dakota opened its doors on the corner of Seventh Street and Main Avenue in Bismarck July 28, 1919. To commemorate that event, the Bank is welcoming our favorite people–the residents of North Dakota–to a day of celebration on Monday, July 29, 2019. Activities will take place from 11 a.m. – 4 p.m. Read More

Bank of North Dakota releases limited edition coins

Bismarck – In celebration of its 100th anniversary in 2019, Bank of North Dakota (BND) has released a limited edition commemorative coin available in pure silver or antique brass. Only 750 silver coins and 650 antique brass coins are available for purchase online at bnd.nd.gov/store through the Dakota Institute collection, managed and marketed by Bismarck Read More