Rob Pfennig

This document outlines the foundational principles of the Bank of North Dakota. Its mission is to deliver quality, sound financial services that promote agriculture, commerce, and industry in North Dakota. The vision is to be an agile partner that creates financial solutions for current and emerging economic needs. The core values emphasize being North Dakota proud, having a passionate mission focus, engaging in creative solutions, and acting with integrity and purpose. The core focus areas include being risk managers, liquidity providers, growth catalysts, and ensuring total return back to the state.

The State Banking Board convened to discuss a request from the Bank of North Dakota to approve certificates of deposit as eligible securities for pledging, in accordance with North Dakota Century Code Section 21-04-09. The request was motivated by the need for banks to pledge investments for public funds, particularly when securities mature and funds are temporarily held at the Bank of North Dakota. The Board approved the request.