Mission, Vision, Core Values - Bank of North Dakota (2024)

FAQs

Mission, Vision, Core Values - Bank of North Dakota? ›

To deliver quality, sound financial services that promote agriculture, commerce and industry in North Dakota. Bank of North Dakota is an agile partner that creates financial solutions for current and emerging economic needs.

Team ND is grounded in our state values - gratitude, humility, curiosity and courage. Talented, hard-working people come together to live our purpose of empowering people, improving lives, and inspiring success.

Because of our unique structure as a state-owned bank, it is the Bank's policy not to compete with the private sector for retail deposits. Therefore, convenience products such as debit cards, credit cards or online bill pay are not offered. BND has one location at 1200 Memorial Highway in Bismarck, North Dakota.

The Bank of North Dakota (BND) is a state-owned, state-run financial institution based in Bismarck, North Dakota. It is the only government-owned general-service bank in the United States.

In 1919, the state Legislature established Bank of North Dakota (BND) and the North Dakota Mill and Elevator Association. BND opened July 28, 1919, with $2 million of capital. Several sections of the North Dakota Century Code address the creation of the Bank, its oversight and role in the state.

The word for God in the Lakota/Dakota language is “wakan tanka” meaning “great mystery.” Some specific values that were/are significant to the Lakota/Dakota people include honesty, generosity, bravery, and respect for elders and children. Honesty was a cornerstone of the culture.

According to the North Dakota Constitution, the state motto is “Liberty and Union Now and Forever, One and Inseparable.”

To deliver quality, sound financial services that promote agriculture, commerce and industry in North Dakota. Bank of North Dakota is an agile partner that creates financial solutions for current and emerging economic needs.

Bank of North Dakota is one “socialist” legacy of the NPL movement. Important to note however, the farmers of North Dakota were pragmatists, not socialists, and they embraced whatever they thought would actually improve conditions in the farm economy.

Forbes magazine has named Gate City Bank the Best Bank in North Dakota in 2019.

Who is the CEO of the Bank of North Dakota? ›

2021 – Present

Ellendale, North Dakota was home to Todd Steinwand who took the helm as president and chief executive officer of Bank of North Dakota (BND) in 2021. Steinwand was the middle child of five children born to Victor and Orpha Steinwand.

Agriculture is the leading industry sector in North Dakota and points clearly to the extraordinarily important role North Dakota plays in raising crops and livestock to feed the world's growing population and meet increasing demands for renewable energy and life science applications.

– The state-owned Bank of North Dakota (BND) reported total record assets of $10.2 billion at year-end 2022. The growth enabled the Bank to increase its loan portfolio to a record $5.4 billion in loans to the state's farmers and ranchers, business owners and students in North Dakota.

Future Treasury Secretary Alexander Hamilton founds the Bank of New York, the oldest continuously operating bank in the United States—operating today as BNY Mellon.

(WKRN) — The oldest Black-owned bank in our country can be found in Nashville, Tennessee. Citizens Savings Bank and Trust was founded in 1904, known as Once Cent Savings Bank. Three African American men dreamed of helping others build wealth and economic security. That dream lead R.H.

Team members in our organization share one set of common, core values that guide us in making decisions and conducting business on behalf of Dakota County. Our core values are — service, integrity, people and innovation.

North Dakota leads the nation in production of spring wheat, durum wheat, dry edible peas, dry edible beans, honey, flaxseed and canola. North Dakota is the No. 1 producer of honey in the nation. Check out the North Dakota Bee Map.

The flag, seal, flower (wild prairie rose), bird (western meadowlark), and tree (American elm) are some of the major state symbols of North Dakota.

North Dakotan culture is rooted in influences from Native Americans, Germans and Scandinavians. As with the rest of rural Midwestern USA, North Dakotans are known for sincerity and friendliness.