Welcome to 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.
Rebuilders Loan Program and Supplemental Rebuilders Loan Program details released
Effective immediately, the Rebuilders Loan Program is reopened to residents in areas impacted by the 2011 spring floods. It has expanded to include rebuilding expenses incurred by owners of rental property and allows people living in FEMA units located in a community approved group housing site to purchase the FEMA home. Residents may apply through September 30, 2013 to receive up to $30,000 to cover eligible expenses.
The Supplemental Rebuilders Loan Program offers another $20,000 for expenses above the $30,000 received with the Rebuilders Loan. Residents may apply for the loan between October 1 and December 31, 2013. If a person has received less than $30,000 with the Rebuilders Loan and has incurred additional expenses, the resident must apply for these expenses before September 30. If there are expenses of more than $30,000, then a Supplemental Loan may be taken.
The loans will be originated and serviced by local banks and credit unions. Residents should make the application with their local lender.
Rebuilders Loan Program Fact Sheet – through September 30, 2013
Supplemental Rebuilders Loan Program Fact Sheet – October 1-December 31, 2013
BND 2012 Annual Report Released
Bank of North Dakota (BND) reported its ninth consecutive year of record profits in its 2012 Annual Report with $81 million in net earnings. Total assets increased to $6.1 billion in 2012, an increase from $5.3 billion in 2011. BND ended the year with capital of $463 million. The state’s return on its investment at the Bank was a healthy 17.6 percent. The report also features businesses from across the state that benefitted from BND loan programs. View the entire report.
DEAL Student Loan Consolidation Program Expands
North Dakota families who have a current DEAL Consolidation Loan, graduates with alternative loans, and parents with a Federal PLUS Loan are now able to consolidate under a new DEAL Consolidation loan.
For North Dakota applicants:
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Take advantage of low interest rates. The variable rate is 1.78% APR through June 30, 2013. Rates can change quarterly and may increase. Rate will never exceed 10%.
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You do not need to have a current relationship with Bank of North Dakota
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No fees will be charged
Click here or call 800.472.2166 extension 328.5763 for more information.
