Bank of North Dakota Bank of North Dakota The Bank of North Dakota (BND) is a state-owned-run financial institution, based in Bismarck, North Dakota. It is the only state-owned facility of its type in the United States other than the Puerto Rico Government Development Bank. Under state law, the bank is the State of North Dakota "doing business as" the Bank of North Dakota. The state and its agencies are required to place their funds in the bank, but local governments are not required to do so. Other entities may also open accounts at the Bank; however, BND offers fewer retail services than other
Politics of North Dakota the early 21st century, Republicans control nearly all of the statewide officials. The government of the state was modeled on that of the United States, whereby the Governor of North Dakota is executive head of state and head of government. Legislative power is vested in both chambers of the North Dakota Legislature; the House of Representatives and the Senate. Judicial power is vested in the North Dakota Supreme Court, which is independent of the executive and the legislative branches. The North Dakota Constitution was approved in 1889. North Dakota began as a Republican Party stronghold upon its foundation in 1889,