• Introduction
• Out-of-State Dominance
• Economic Colonialism
• Breaking the Machine
• Economic Exploitation
• The Non Partisan League
• Birth of the NPL
• The NPL Insurgency
• Early Days of the BND
• The Industrial Program
• Launching the First Volley
• Bonds and Boycotts
• Farmers Line Up
• Politics at Work
• The Counter Insurgency
• The Long Dry Spell
• A Historic Vote
• The IVA in Control
• Farm Loans Falter
• BND Resurgence
• The Langer Housecleaning
• The Depression Years
• Contributing to the General Fund
• Returning to the Legislative Vision
• Awakening the Giant
• The Bank Under Fire
• Fulfilling the NPL Vision
• Growing North Dakota
• Era of Partnerships
• The Vision Realized

Fulfilling the NPL Vision

Era of Partnerships

Following the passage of Growing North Dakota, The Bank of North was charged with playing a more active role in economic development. To implement the changes needed to become a development Bank for the state, the Industrial Commission appointed John Hoeven as President of the Bank of North Dakota.

Hoeven's vision for the Bank was to replace its reputation as the "Bank of No Deal" with one as the "Bank of New Development." With the support of the Growing North Dakota mandate and funding, the Bank initiated new programs that provided a new source of capital for agriculture and industry without running afoul of the laws prohibiting commercial loan activity.

Hoeven's high-profile in retooling the Bank led to a successful run for governor, the first Bank of North Dakota president to be elected to office. As governor, Hoeven is currently chairman of the Industrial Commission overseeing the bank's continued growth and profitability.

New programs initiated under the leadership of current president Eric Hardmeyer continue to provide low-cost services to lenders and borrowers throughout the state using a partnership approach.