Send tips to Curtis Black, Newstips Editor
NEWSTIPS HOME | About | Follow on Twitter @ChicagoNewstips

Populist bank

In 1919 a populist rage swept the northern plains over lack of credit for farmers; the Nonpartisan League got elected in North Dakota and formed the Bank of North Dakota, the only state-owned bank in the U.S.  While other banks were losing billions, BND earned a record profit last year — and half its profits go to the state budget.  Could it be replicated?  Mother Jones interviews BDN’s president.

Print this Post Print this Post

Category: banks & credit, economy


One Response

  1. […] model is the Bank of North Dakota, the nation’s only state-owned bank, created during a populist upsurge in 1919.  BND holds […]

Get Newstips in Your Inbox!

Enter your email address:

Subscribe in a reader






CAN TV is a network that belongs to the people of Chicago.  For updates on local programs, and live, timely coverage of community events, sign up at