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
History of North Dakota treaties defined the territory of the different tribes in North Dakota. In 1861, the area that is now North Dakota was incorporated into the new Dakota Territory along with what is now South Dakota. On November 2, 1889, North Dakota and South Dakota became separate states. Eager to attract immigrants, state officials broadcast widely pamphlets and newspaper accounts celebrating the "Myth of North Dakota." This myth included: 1) the myth of the garden; 2) the "work and win" philosophy that promise to the realization of the American Dream of home ownership through hard work; and 3) an image of an