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
North Dakota States, political power in North Dakota state government is divided into three branches: executive, legislative, and judicial. The Constitution of North Dakota and the North Dakota Century Code form the formal law of the state; the "North Dakota Administrative Code" incorporates additional rules and policies of state agencies. The executive branch is headed by the elected governor. The current governor is Doug Burgum, a Republican who took office December 15, 2016, after his predecessor, Jack Dalrymple did not seek reelection. The current Lieutenant Governor of North Dakota is Brent Sanford, who is also the President of the Senate. The offices