(Bismarck, ND) — The Bank of North Dakota is reporting record-breaking profits of more than 230-million dollars last year. The bank also reported nearly 11-billion dollars in assets. President Don Morgan says the record-breaking year is a result of long term planning and growth. He says that four other states have met with him showing […]
Bank Of North Dakota Reports Record-Breaking Profits In 2025 Read More
Members of the North Dakota Nonpartisan League knew how to tame corporate overreach. North Dakota history provides some examples for dealing with AI data centers that are springing up like leafy spurge in a pasture. Why? Because our present situation is rhyming with history, and the common themes are corporate power and greed. Read more
North Dakota Populism: taking on corporate power Read More
A hospital in southwest North Dakota is on more stable financial footing after being approved for an emergency $5 million loan from the Bank of North Dakota. The loan, authorized during a special session of the North Dakota Legislature in January, has helped the Jacobson Memorial Hospital Care Center pay off its existing debts and
Elgin hospital is no longer on ‘life support’ after Bank of North Dakota $5 million loan Read More
Don Morgan, President and CEO of the highly successful Bank of North Dakota, discusses the structure, operation, checks and balances, the business lines and verticals with examples, and brings everything together with a clear and engaging overview of the strategy, key factors, and purpose behind the State-owned bank…in 5 easy to understand videos sponsored by
While chaos reigns at the federal level, it’s up to states and local governments to creatively hold the line, fill the gaps, and figure out new ways forward. Drawing on examples from around the country, this series explores some of the many things they could do—and are already doing. Read more here: How Public Banks
How Public Banks Can Meet Public Needs Read More
In 1915, a group of North Dakota wheat farmers went to the statehouse in Bismarck to ask their legislature for help. They wanted a state-owned terminal elevator so they could sell their grain without getting fleeced by out-of-state middlemen. A state representative named Treadwell Twitchell reportedly told the farmers crowding the balcony to “go home
Public Banks Modeled on the Bank of North Dakota will Partner with Local Financial Institutions and not compete with them. The recent critique of public banking in Crain’s by eight Illinois leaders of Community Development Financial Institutions (CDFIs) rests on a misunderstanding: the model being attacked is not the model being proposed. A public bank
A State Public Bank would Strengthen Community Lenders Read More
By Judith Crown Today the Bank of North Dakota, or BND, is the only public bank in the country. All of the state’s tax and fee revenue is deposited in the bank. It’s prohibited from competing with private banks and operates no branches or ATMs. It functions primarily as a wholesale or “bankers bank.” That is,
In this state, a public bank boasts big returns on investments Read More
North Dakota officials report that, so far, the impact of the federal shutdown has been minimal on state operations. According to Joe Morrissette of the state’s Office of Management and Budget, no state employees who rely on federal funding will be furloughed or lose pay, and the state expects interruptions in federal funds to be
North Dakota Unaffected by Government Shutdown Read More
