Articles tagged under: Bank of North Dakota
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…Two New Drought Loan Programs Available for ND Livestock Producers
Published August 1, 2021
The Bank of North Dakota has two new loan programs available to help livestock producers recover from the extreme drought. "These programs are similar to others we've rolled out in other droughts, but we made changes," said Todd Steinwand, president,…New Loan Programs Authorized for ND Livestock Producers
Published July 28, 2021
The Bank of North Dakota has two new loan programs to help livestock producers cover drought-related expenses. The Livestock Drought Loan Program can be used to purchase feed, transportation costs for feed or livestock or drilling well. The Livestock Rebuilder…Bank of North Dakota Releases Year-end Financials
Published June 10, 2021
The state-owned Bank of North Dakota is reporting profits of $141 million for 2020. That’s down from $169 million in 2019. The agricultural loan portfolio increased by $116 million, primarily due to the Ag Disaster Relief Program.Bank of North Dakota President Announces Retirement
Published April 28, 2021
Bank of North Dakota President Eric Hardmeyer has announced his intention to retire effective July 6. Hardmeyer has been in this role at the state-owned bank since 2000, making him the longest-serving president. The North Dakota Bank has had 16…