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Welcome to Bank of North Dakota (BND)

As the only state-owned bank in the nation, we act as a funding resource in partnership with other financial institutions, economic development groups and guaranty agencies. We have four established business areas: Student Loans, Lending Services, Treasury Services and Banking Services. BND’s support services and dedicated employees provide you with the best customer service.

Please read this for more information on opening an account with BND.

BND News

BND’s S&P credit ratings remain consistent

Standard & Poor's (S&P) affirmed Bank of North Dakota’s (BND) credit rating as “AA-” and “A-1+” for long-term and short-term credit respectively in its annual review released September 22, 2015. This is consistent with the ratings it received for the previous three years. 

“The S&P review points out that the state’s extraordinary support of BND is an essential component of this positive rating,” said Gov. Jack Dalrymple. “The result is a rating which places BND amongst the strongest-performing banks in the country. They continue to accomplish their mission with a special emphasis in the past year on funding infrastructure projects, providing a direct benefit to thousands of North Dakotans.” Read more.

View the entire report here.

New loan program helps future addiction counselors

To help address North Dakota’s growing behavioral health service needs, the 2015 Legislature directed Bank of North Dakota to create the Addiction Counselor Internship Loan Program. This program provides loans to interns at eligible substance abuse treatment facilities who are in the process of obtaining a license as an addiction counselor. Both paid and unpaid internships are eligible. Read more.

Enhancements to College SAVE will help more North Dakotans

Starting September 1, changes to North Dakota’s College SAVE plan will make more grant money available to more North Dakota families planning to save for college. BND is doubling the amount of the Children FIRST program, from $100 to $200. The income eligibility levels have also been increased, allowing more families to take advantage of the program. Read more.

2015 Legislature establishes new loan funds

During the 2015 Legislative Session, the North Dakota Legislature added three new loan programs to BND’s offerings. The Medical PACE Program provides an interest buydown to help finance critical access hospital medical expansion or improvement projects. The School Construction Loan Program funds construction and permanent financing in eligible North Dakota school districts. Projects may include new school construction or remodeling projects approved by the superintendent of public instruction. The BND Infrastructure Loan Fund provides loans to political subdivisions for essential infrastructure projects.


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