Student loans are the just part of the bank’s lending inside that it really works myself that have individuals

Founded in the 1919, the bank out of Northern Dakota’s objective is always to “offer agriculture, trade, and you will world” and “be helpful to and you will help in the development of… creditors… for the County.”

BND functions primarily as an excellent “banker’s bank” – which means the majority of its credit is completed together with local banking companies and you may borrowing from the bank unions. About half of your own bank’s $3.nine billion loan portfolio include providers and you will agricultural finance one is started by a local lender and you can funded partly of the BND. By engaging in this type of money, BND grows the new lending potential of Northern Dakota’s people financial institutions, going for additional power inside the competing facing big out-of-county banks.

With the rest of BND’s mortgage [...]

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