Type Public bank
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Total assets US$7.015 billion (2018)
Owner Government of North Dakota
Number of employees 173
Website bnd.nd.gov
Who started Dacotah Bank?
In 1888, W.N. Steele and C.F. Wilbur opened what is now Dacotah Bank a month before the railroad arrived in Rolla. Steele was the first president in a long line of men who managed the bank during the past 130-plus years.
Does North Dakota have its own state bank?
Type Public bank
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Website bnd.nd.gov
Can states have their own bank?
United States State banks are chartered and regulated by a state agency (often called the Department of Financial Institutions) in the state in which its headquarters are located. There are a very small number of state banks that do not have FDIC insurance.