The North Dakota Industrial Commission on Tuesday gave the state bank a green light to proceed with two loan programs aiming to provide relief to agricultural producers hit by a combination of tariffs, low commodity prices and high costs, as well as[...]
Tag: Bank of North Dakota
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Bank of North Dakota planning debt refinancing program to help ag producers
North Dakota’s state-owned bank is stepping in as the farm economy struggles under mounting pressure. With high interest rates, low commodity prices, and rising costs squeezing producers, the Bank of North Dakota is crafting a disaster relief program to help farmers and[...]
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Bank of North Dakota to launch state’s first stablecoin known as Roughrider coin
North Dakota is stepping into the future of finance with a frontier name to match. The Bank of North Dakota announced plans to launch the “Roughrider coin,” a state-backed stablecoin designed to speed up bank-to-bank transfers and modernize the state’s financial system.[...]
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Theodore Roosevelt Presidential Library using $70M Bank of North Dakota line of credit
The dream of a presidential library in the Badlands is taking shape—but not without a little help from the state bank. The Theodore Roosevelt Presidential Library Foundation has tapped $53 million of a $70 million line of credit from the Bank of[...]
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Bank of North Dakota developing loan program to aid farmers
The Bank of North Dakota is working on a new loan assistance program for farmers in response to tough financial conditions facing the industry. Don Morgan, president of the state-owned Bank of North Dakota, said the state’s agricultural industry has been hit[...]
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To Build Just and Sustainable Cities, We Need To Reclaim Community Banking
Big banks dominate today’s financial system, but that wasn’t always the case. For much of American history, local banks—small, community-focused institutions—had the power to create money and invest in the people around them. That power has dwindled, leaving communities with fewer resources[...]
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Bank of North Dakota moves on financial center project
Another year of record earnings at the Bank of North Dakota triggered some legislatively endorsed spending including the construction of a new financial center. Nick Smith with the Bismarck Tribune has the story. [...]Read More... from Bank of North Dakota moves on[...]
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Bank of North Dakota Reports Record Income
It’s the eleventh year in a row for record setting income. In 2014, the Bank of ND netted income of slightly more than $111 million. [...]Read More... from Bank of North Dakota Reports Record Income