Bank of North Dakota | Red River Farm Network

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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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.

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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,…

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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.

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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…

Latest News Ag Business

Record Profits for State-Owned Bank

Published July 8, 2020

The state-owned Bank of North Dakota reports 2019 net earnings of $169 million. This is the 16th consecutive year of record profits. BND ended the year with total equity of $939 million, an increase of $77 million. The state's return…

Latest News Ag Business

Deadline Extended for ND Loan Program

Published June 1, 2020

The North Dakota Industrial Commission has extended enrollment in the Ag Disaster Relief Loan Program until the end of September. The original sunset date was June 30. This Bank of North Dakota program covers operating loan shortfalls, term debt payments…

Articles tagged under: Bank of North Dakota

Search Begins for New BND President/CEO

Bank of North Dakota Releases Annual Report

Profits Up Slightly for Bank of North Dakota

Value-Added Ag Funds Available

Two New Drought Loan Programs Available for ND Livestock Producers

New Loan Programs Authorized for ND Livestock Producers

Bank of North Dakota Releases Year-end Financials

Bank of North Dakota President Announces Retirement

Record Profits for State-Owned Bank

Deadline Extended for ND Loan Program

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