Articles tagged under: Bank of North Dakota

BND Loan Assistance Program on the Way

Published October 1, 2025

The Bank of North Dakota is preparing a new loan assistance program for farmers and ranchers. President Don Morgan spoke at the North Dakota Industrial Commission meeting Tuesday and said the loan restructuring program would likely be patterned after a…

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BND Releases Annual Report

Published May 23, 2025

The state-owned Bank of North Dakota finished 2024 with assets of $10.8 billion, an increase of nearly seven percent from the previous year. It had net income of more than $200 million, up from $193 million in 2023. The agriculture…

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Funding Approved for ND Ag Disaster Assistance

Published January 29, 2025

The North Dakota Industrial Commission has approved the Bank of North Dakota’s Ag Disaster Relief program. This effort is designed to help farmers and ranchers who faced extreme weather, wildfires, high input costs and price volatility in 2023 and 2024.…

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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…

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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…

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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…

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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…

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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…

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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.…

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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…

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