Bank of North Dakota Celebrates 100 Years of Public Banking

The Bank of North Dakota (BND), the only public bank in the US, celebrated 100 years of economic liberty from Wall Street banks this week. BND was created in 1919 by the grassroots efforts of the Nonpartisan League. Back in the early 1900s in the Gilded Age, railroads and banks were controlled by wealthy east…

Banking in Arizona and North Dakota: a Contrast

FDIC State Profiles ND Q1 2014   FDIC State Profiles AZ Q1 2014 Financial Institutions The links above will lead to FDIC reports– one for North Dakota and one for Arizona. These spreadsheets contrast the condition of not only banking but general economic health in these two states. Proponents of public banking oftentimes counter arguments that a public…