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 Mill and Elevator North Dakota Mill and Elevator The North Dakota Mill and Elevator is the largest flour mill in the United States. It is located in the city of Grand Forks, North Dakota. Established by the state government when it was led by Nonpartisan League representatives, it is the only state-owned milling facility in the United States. It is overseen by the North Dakota Industrial Commission, whose members are all public officers elected by popular vote. The North Dakota Mill and Elevator Association started operations on October 22, 1922. The facility was built by the state as a way of bypassing what