The State Bank of North Dakota (BND) is the only State Public Bank in the nation. I was established in 1919, has never needed a bailout or bailin, and has outperformed the biggest banks on Wall Street in the past 20 years.

This page will provide information about the BND, its remarkable success, and resources you can explore.

  • The BND Website provides valuable Research material to the general public.

    Website: http://BND.nd.gov

    BND Financial Statements: https://bnd.nd.gov/annual-report/

  • BND out performs Wall Street banks with an average of 19.4% ROE between 2001 and 2024.

    See Attorney Earl Staelin’s summary here.