In response to false allegations published on a national-based website, Bank of North Dakota (BND) is setting the record straight by releasing a fact-based written response and video to reaffirm its trustworthiness. BND President/CEO, Don Morgan, emphasized that the 105-year-old agency is honest, well-managed, and deeply committed to its mission of supporting agriculture, commerce, and industry in North Dakota.
The information, available on bnd.nd.gov, explains how funds are managed at BND, addressing misconceptions about loan losses and highlighting the multiple layers of oversight in place to ensure sound financial practices. Since its establishment in 1919, BND has played a crucial role in supporting economic development through various programs, including disaster relief for farmers, student loans, and funding for critical infrastructure projects.
Morgan stressed that BND is a vital partner in every community in North Dakota, assisting residents in various ways. He encouraged residents to visit the website and educate themselves on the facts before believing misinformation from an out-of-state source with limited understanding of BND’s operations. In conclusion, BND remains a trusted institution dedicated to serving the people of North Dakota and will continue its mission of fostering economic growth and development in the state.
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