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After acquiring the mortgage company, State Bank changed its name to the catchier Bell. Since 2012, Bell's profitability doubled to $10 billion in assets, surpassing the state-owned Bank of North Dakota as North Dakota's biggest banker.
The North Dakota Department of Financial Institutions is responsible for chartering, regulating, and examining North Dakota state-chartered banks, credit unions, and trust companies.
In the fiscal year of 2019, the state of North Dakota had state debt totaling 3.04 billion U.S. dollars. However, the local government debt was slightly higher at 5.38 billion U.S. dollars.
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.
Bank of North Dakota (BND) offers basic checking and savings accounts and other retail banking services to North Dakota residents.
? 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.
BND works with almost all of the state's 89 local banks and many of its credit unions.