News

Bank of North Dakota (BND) today released its “Strong Banking 2025 Annual Report”, announcing another year of strong financial performance, significant progress in modernization initiatives, and continued commitment to supporting North Dakota residents, communities and financial institutions.

BISMARCK, ND – The North Dakota Industrial Commission has appointed Cathy Dub as president and CEO of the North Dakota Mill and Elevator (Mill). Dub will assume the role upon the retirement of current president and CEO Vance Taylor who has served in the position for 26 years.

BISMARCK, ND - The North Dakota Industrial Commission approved more than $7.6 million in Lignite Research Program grants for four projects that received a funding recommendation from the Lignite Research Council, the 26-member council that supports the Industrial Commission in the administration of the grant program.

BISMARCK, ND – The North Dakota Industrial Commission, comprised of Gov. Kelly Armstrong, Attorney General Drew Wrigley and Agriculture Commissioner Doug Goehring, today approved $1 million in Renewable Energy Program matching grants in the latest round of funding awards. 

Bismarck, N.D. – The Industrial Commission today allocated an additional $100 million to support Bank of North Dakota’s (BND) 2026 Farm Financial Stability Loan Program. This brings total support to producers, including the 2026 Grain Inventory Loan Program, to $500 million. 

Bismarck, N.D. – The Industrial Commission today reopened a short-term, low-interest loan program for North Dakota residents who are furloughed federal government employees in the Department of Homeland Security, including Transportation Security Administration (TSA) agents and U.S. Customs and Border Protection officers. 

BISMARCK, N.D. – The Industrial Commission today announced that Standard & Poor’s (S&P) affirmed Bank of North Dakota’s (BND) credit rating as A+/Stable in its annual review released Dec. 22, 2025. For context, ”bbb+“ is the anchor rating for U.S.-based banks. 

BISMARCK, ND - The North Dakota Industrial Commission approved more than $4.8 million in Lignite Research Program grants for three projects that received a funding recommendation from the Lignite Research Council, the 26-member council that supports the Industrial Commission in the administration of the grant program.

BISMARCK, ND - Today the Industrial Commission, comprised of Gov. Kelly Armstrong, Attorney General Drew Wrigley and Agriculture Commissioner Doug Goehring, announced that Vance Taylor, the North Dakota Mill and Elevator president and CEO, has shared his plan to retire on July 3, 2026.

BISMARCK, ND – The North Dakota Industrial Commission, comprised of Gov. Kelly Armstrong, Attorney General Drew Wrigley and Agriculture Commissioner Doug Goehring, today approved $1,000,000 in Renewable Energy Program matching grants in the latest round of funding awards. The Renewable Energy Program was established in 2007 to promote research and utilization of North Dakota’s renewable energy resources, including advanced biofuels. The grant program is funded solely by oil and gas production tax revenue.