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Public Banking Legislation Heating Up Just over two months into the new year, 2021 has already seen a flurry of public banking activity. Sixteen new bills to form publicly-owned banks or facilitate their formation were introduced in eight U.S. states in January and February. Please share this article - Go to very top of page, right hand side, for social media buttons. Two bills for a state-owned bank were introduced in New Mexico, two in Massachusetts, two in New York, one each in Oregon and Hawaii, and Washington State’s Public Bank Bill was re-introduced as a “Substitution." Bills for ...

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In the first phase of the plan, BND will transfer the servicing of most of its residential loan portfolio to NDHFA on April 1, 2021. It is expected that BND will discontinue its residential lending program by the end of the year. 

The Bank of North Dakota's new March Money Madness program is offering two scholarships in the form of College SAVE deposits.

Of course, 2020 has put that potential visit on the backburner. But Sanders started out 2021 by bringing a bit of North Dakota to New York, at least virtually — and if he has his way, legislatively as well. As the chair of the NY State Senate Committee on Banks, Sanders’ office co-convened an online conversation last week featuring other New York State and local legislators, labor leaders, national and local advocacy organizations and Eric Hardmeyer, president and CEO of the state-owned Bank of North Dakota. Sanders recently introduced a bill to establish a state-owned bank in New York, m...