Articles tagged under: Bank of North Dakota
Morgan Named BND President/CEO
Published July 3, 2024
The North Dakota Industrial Commission has named Don Morgan as the next president and chief executive officer for the Bank of North Dakota. Morgan succeeds Todd Steinwand, who retired July 2. Morgan has worked in the banking industry for 23…BND President/CEO to Retire
Published June 27, 2024
Bank of North Dakota President and CEO Todd Steinwand’s retirement takes effect Tuesday. Steinwand has been with the Bank of North Dakota since 2015 and was promoted to his current role in 2021. The North Dakota Industrial Commission appointed BND…Record Year for State-Owned Bank
Published May 29, 2024
The state-owned Bank of North Dakota is reporting record profits of $192.7 million for 2023, up $1.5 million from the previous year. The Bank also had a return on investment of more than 18 percent. The total lending portfolio was…Hardmeyer Passes
Published February 27, 2024
Eric Hardmeyer, who was the longest-serving president in the 105-year history of the Bank of North Dakota, has died. Hardmeyer, 64, succumbed to cancer on February 24. Hardmeyer began his career with the state-owned bank in 1985 and served as…BND Loans Help Replenish ND Cattle Herds
Published December 27, 2023
The Bank of North Dakota’s Livestock Rebuilder’s Loan Program is responsible for 16,000 head of cattle being added in the state over the past two years. The program was developed to strengthen North Dakota’s livestock industry after the 2021 drought…Search Begins for New BND President/CEO
Published October 4, 2023
The president and CEO of the Bank of North Dakota plans to retire in the second quarter of 2024. Todd Steinwand was appointed to that role in 2021 and has been with the Bank of North Dakota for eight years.…Bank of North Dakota Releases Annual Report
Published May 26, 2023
The Bank of North Dakota reports record assets of $10.2 billion at the end of 2022. The state-owned bank also reports record profits of over $191 million, up from $47 million in 2021. The agriculture loan portfolio increased by $8…Profits Up Slightly for Bank of North Dakota
Published May 24, 2022
The state-owned Bank of North Dakota reported 2021 profits of $144.2 million. That’s up from $141.2 million in 2020. The ag loan portfolio declined by $61 million to $702 million, but increased from the years before the pandemic.Value-Added Ag Funds Available
Published October 5, 2021
Details have been released about North Dakota’s new agriculture and diversity development fund. This program was established by the state legislature earlier this year. The money will be used to support or expand value-added agriculture businesses. Grants may not exceed…