BANK OF NORTH DAKOTA

North Dakota moves forward with stablecoin as local banks express interest in pilot project

Don Morgan, president of the Bank of North Dakota, speaks during a meeting of the Industrial Commission on Oct. 27, 2025. (Photo by Michael Achterling/North Dakota Monitor)BISMARCK, N.D. (North Dakota Monitor) — The Bank of North Dakota is on track to introduce stablecoin to local banks this September after state regulators approved the technology’s use in bank-to-bank transactions on Wednesday….

North Dakota reopens loan program for TSA, border patrol agents affected by shutdown

Don Morgan, CEO of the Bank of North Dakota, speaks during a meeting of the North Dakota Industrial Commission on March 17, 2026. (Photo by Jacob Orledge/North Dakota Monitor)BISMARCK (North Dakota Monitor) — North Dakota is reopening a low-interest loan program to serve as a financial lifeline for federal employees in the state going unpaid during the partial government shutdown….

ND Industrial Commission announces $100M in additional farm stability loan funding

(Rusty Halvorson/KFGO News)BISMARCK, N.D. (KFGO) – The Industrial Commission today allocated an additional $100 million to support Bank of North Dakota’s 2026 Farm Financial Stability Loan Program. This brings total support to producers, including the 2026 Grain Inventory Loan Program, to $500 million. “Producers are facing an unusual convergence of challenges, from severe weather last summer to high input costs,…

Next steps for Bank of North Dakota stablecoin to be reviewed this month

Don Morgan, CEO of the Bank of North Dakota, speaks during a North Dakota Industrial Commission meeting on Feb. 24, 2026. (Photo by Jacob Orledge/North Dakota Monitor)FARGO (North Dakota Monitor) — The Bank of North Dakota is on track to launch the state’s first stablecoin next September, pending a review by state officials later this month. The state-owned bank announced…

Governor praises Bank of North Dakota employee bonus program

The Bank of North Dakota is awarding employee performance bonuses as a way to improve retention. (Photo by Kyle Martin/For the North Dakota Monitor)BISMARCK, N.D. (North Dakota Monitor) — State officials have approved new staff performance bonuses to improve retention at the Bank of North Dakota, with the first installment totaling about $772,000. The North Dakota Industrial Commission, which oversees…

North Dakota expands low-interest farm loans as applications approach $300 million

Farm workers load beans into a grain truck Sept. 28, 2025, in Wells County, N.D. (Photo by Lora Wobbema/For the North Dakota Monitor)BISMARCK, N.D. (North Dakota Monitor) — The North Dakota Industrial Commission is expanding a low-interest loan program designed to support farmers and ranchers — an initiative on pace to exhaust the $300 million already set aside for it….

North Dakota farmers not set up for success in 2026

Beans are harvested in September 2025 near Hamberg, North Dakota. (Photo by Lora Wobbema/For the North Dakota Monitor)BISMARCK, N.D. (North Dakota Monitor) — North Dakota’s farmers are looking for higher profits but things may get worse before they get better, ag industry experts say. The U.S. Department of Agriculture in December announced its Farmer Bridge Assistance, a payment program to help farmers…

Federal workers receive nearly $1 million in emergency loans through state, community bank programs

Don Morgan, president of the Bank of North Dakota, speaks during a meeting of the Industrial Commission on Oct. 27, 2025. (Photo by Michael Achterling/North Dakota Monitor)BISMARCK, N.D. (North Dakota Monitor) — Furloughed federal workers received nearly $1 million in emergency relief loans for missed paychecks from North Dakota banks since the start of the federal government shutdown. The Furloughed Federal…

Ag commissioner lukewarm on Bank of North Dakota’s foray into stablecoin

Gov. Kelly Armstrong, center, speaks during a meeting of the Industrial Commission next to Agriculture Commissioner Doug Goehring, left, and Attorney General Drew Wrigley on Oct. 27, 2025. (Photo by Michael Achterling/North Dakota Monitor)BISMARCK, N.D. (North Dakota Monitor) — One of the state officials responsible for overseeing the Bank of North Dakota is urging caution as the financial institution begins…

Bank of North Dakota planning debt refinancing program to help ag producers

Farm workers load beans into a grain truck Sept. 28, 2025, in Wells County, N.D. (Photo by Lora Wobbema/For the North Dakota Monitor)BISMARCK, N.D. (North Dakota Monitor) — The Bank of North Dakota is developing a disaster relief program to help agricultural producers in the state survive the current crisis in the industry. The program will work with local banks…