BNET Industries
Bank of North Dakota is in the Financial Services Industry
Latest News and Analysis
people on the move
* Beacon Bank of Shorewood, Minn., has promoted Pat Neisen to vice president of credit analysis and hired Colette Ingle as vice president of business banking. Neisen has been with the bank since 2004 and has a degree in finance and economics. Ingle has more than 25 years banking experience...
Gatlin offers inspirational message
ICBND CONVENTION NOTES LaDonna Gatlin. youngest sibling in the famous musical Gatlin family, offered bankers a message of God, country and a commitment to serving others at the Independent Community Banks of North Dakota convention. Gatlin said she and her brothers, Larry, Steve and Rudy, better...
Economist: new products will improve business, personal lives
New technology that creak's smaller. faster operating products that consumers like is the engine driving the national economy, an economist told bankers at the recent Independent Community Banks of North Dakota convention in Bismarck. Brian Westbury of First Trust Advisors L.P. in Lisle, Ill., said he believes the U.S....
A new beginning
A Hannaford, N.D., bank is celebrating its 80th birthday this year with a new name and a move into its biggest market. On Jan. 1, State Security Bank of North Dakota changed its name to Bank Forward. A few months later, the bank announced plans to move into Grand Forks...
Show us the money
More than 10 years after the Flood of 1997, UND still is waiting for about $1.5 million in Federal Emergency Management Agency reimbursemenfs for flood-related construction projects the school believes the agency should cover. UND plans to ask the State Board of Higher Education's Budget and Finance Committee at its...
Conrad, interest groups debate agriculture legislation
Those who have a stake in the farm bill are as diverse as the legislation itself Members from various interest groups debated the reauthorization of the farm bill Monday morning at a Grand Forks forum hosted by Sen. Kent Conrad, D-N.D. The forum was part of a series of farm...
North Dakota bank has new name
Security State Bank of North Dakota is now called Bank Forward. The name change became official on Jan. 1. "Our new name reflects our commitment to build relationships by focusing not just on what's right for today, but what's right for the future. Forward thinking has always been part of...
Farm outlook clouded by politics, expert tells ICBND
The outlook for commodities important to farmers in the Midwest is sound, although uncertainty over the farm bill is clouding predictions about the future of agriculture. That was the message from Richard Pottorff, an economist with St. Louis-based Doane Advisory Services. Pottorff spoke to bankers at the 39th annual convention...
Can an Outsider Succeed in D.C.?
How could the CEO of a tiny rural landlocked bank in North Dakota possibly make waves in Washington, D.C.? Well, you'd just have to meet Terry Jorde, who heads CountryBankUSA, to understand how Midwest "nice" translates into "dynamism" on Capital Hill.The Chicago native, who last month assumed the chairmanship of...
Reporter's Notebook
North Dakotans honor local in national spotlight The Independent Community Banks of North Dakota threw a great party for Terry Jorde March 7 at the Wynn Resort in Las Vegas. Jorde was presented with several letters of congratulation from the state's governor and congressmen for being elected the Independent...
Shorter sessions mean lighter banking agendas
North * Western Financial Review recently had the opportunity to sit down with executives from four state independent community bank associations. Each offered a summary of key legislative developments unfolding in their state. Following are excerpts: Don Forsberg, Independent Community Banks of North Dakota: We have our legislative...
North Dakota bank helps college students with scholarships
Security State Bank of North Dakota has pledged $25,000 in support of Valley City State University's Scholarship Program. The donation will provide five $1,000 scholarships each year for the next five years, beginning this September. Tim Birkeland, security State Bank assistant vice president, explained the University selects recipients from applicants...
All Or Nothing: Starion Financial's ultimatum is winning fans among its client base.(Company Profile)
In September 2003, a small bank in North Dakota undertook a quiet metamorphosis, emerging from its restructuring quite different from its local competitors. The result was that First Southwest Bank in Bismarck, N.D., became Starion Financial, pushing brokerage and insurance services to the forefront of its...
Wal-Mart's S.L. bank proposal causes alarm
The letters to federal banking regulators, which poured in at a rate of 20 a day, are a catalog of fear. The chief executive of a bank in North Dakota predicted a "dangerous and unprecedented concentration of economic power." The president of a bank in Colorado foresaw...
North Dakotans face tough decisions on school funding
On the face of it, deciding how best to fund K-12 public education doesn't appear to be a front-burner banking issue. In light of lawsuits filed recently in North Dakota, Kansas and other states over education funding, however, ICBND's Don Forsberg wants bankers to start thinking - and talking about...
Economy strong but industry faces challenges, bankers told
In the face of increased regulatory burden and looming threats from retailing giant Wal-Mart, Camden Fine delivered a fire-and-brimstone speech in an effort to rally North Dakota bankers to fight for the survival of their industry. Fine, president and CEO of the Independent Community Bankers of America, delivered his sermon-like...
North Dakota Bankers Association elects new officers, board members
The North Dakota Bankers Association announced new officers and board members for its board and that of NDBA Services Inc., a subsidiary of NDBA. The appointments were announced at the 2005 Annual Convention June 13-15 in Rapid City, S.D. Terry Zeltinger, president of United Community Bank of North Dakota in...
Policy Journal
Value-Added Agriculture's Low Success Rate Value-added agriculture is a popular strategy for raising farm income and maintaining jobs in rural America.But Eric Hardmeyer, president of the Bank of North Dakota, who has worked with value- added agricultural cooperatives for the past 15 years, says failure rates are...
North Dakota governor puts funds for new bank building in budget.
By Tom Rafferty, The Bismarck Tribune, N.D. Knight Ridder/Tribune Business News Dec. 12--The nation's only state-owned bank could someday get a new home if the Legislature agrees with Gov. John Hoeven that the old building needs to be replaced. ...
North Dakota Democrats float renewable energy bill.
By Mikkel Pates, Agweek Magazine Knight Ridder/Tribune Business News Nov. 16--WEST FARGO, N.D. -- The North Dakota governor's staff says a Democratic proposal to use $20 million in Bank of North Dakota profits to fund renewable energy initiatives isn't likely to...
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- Incorporated: 1919
The Bank of North Dakota is owned and operated by the State of North Dakota under the supervision of The Industrial Commission. Co. combines element of banking, fiduciary, investment management services, and other financial services, and state government with a primary role in financing economic development. Co. is a participation lender, and the majority of its loans are made in tandem with financial institutions throughout the State of North Dakota. Co.'s primary deposit products are interest-bearing accounts for state and political subdivisions. As of Dec 31 2006, Co. has total assets of $2,326,693,000 and total deposits of $1,617,136,000.
Key Competitors
Bank of North Dakota Company Info
Board of Directors
Gary Petersen
Shirley Montgomery
Bill Kingsbury
John Stewart
Elaine Fremling
Frank Larson
Karl Bollingberg
Contact Information
700 East Main Avenue
Bismarck, ND
701 328-5600
NAICS Code
Commercial Banking: 522110Brought to you by IBMSponsored Resources
