Welcome!
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.
S&P Raises Credit Ratings for Bank of North Dakota
Standard & Poor’s (S&P) raised Bank of North Dakota’s credit ratings in its latest review of the Bank released December 6, 2011. Its long-term issuer credit rating was raised to ‘AA-‘ from ‘A+’ and its short-term issuer credit rating to 'A-1+' from ‘A-1’. Please click the following links to view the media release or the S&P Report.
Rebuilder’s Loan Guidelines
A homeowner living in a residence that was damaged by the flood who lives in Barnes, Benson, Burleigh, McHenry, Morton, Ramsey, Renville, Richland or Ward County qualifies for this loan.
Qualified homeowners may apply at their local bank or credit union. The maximum loan amount to apply for is $30,000 or the actual amount of documented damage, whichever is less. Of the loan total, 20 percent may be used for debt service, debt retirement, other credit obligations, or to purchase flood insurance. The remaining 80 percent must be used for post-flood damage.
Interest is a 1% fixed rate. There are no payments required for the first two years, however interest will accrue. After that, you will have monthly payments for 18 years. .
For more information on the program, see the FAQ sheet. If you have questions, please contact your local bank or credit union.
Amount Available: $32,795,931
Updated February 6, 2012 at 4 p.m.
BND Disaster Relief Loan Programs Extended Through June 30, 2012
BND's Disaster Relief Loan Programs are designed for North Dakota farmers, ranchers and businesses affected by 2011 weather-related events. The programs are available to assist in financing of property damage recovery or restructure of debt. Visit Lending Services for more information.
