Aug 21, 2019
In 2019, a unique financial institution marks its centennial: the Bank of North Dakota, America's only state-owned and state-run bank. Part Federal Reserve, part economic development agency and part bankers’ bank, BND was spawned as a prairie populist reaction to a very different economic and social milieu. However, the latest episode of the ABA Banking Journal Podcast explores how BND's successes came when it decided to prioritize partnership with private-sector institutions, eschewing politics for pragmatism. Amid today's public banking debates, this episode provides perspective on what makes a bank like BND unique.