The Bank of North Dakota (BND) is a state-run financial institution established in 1919 to promote agriculture, commerce, and industry in North Dakota. It is the only government-owned general-service bank in the US and serves as the legal depository for all state funds. The BND uses these deposits to fund development, agriculture, and small businesses. Despite initial opposition and challenges, the bank has turned a profit every year since its founding and received praise for its actions during financial crises and disasters. It plays a crucial role in supporting local banks, providing economic development loans, and improving North Dakota’s financial stability.
https://en.wikipedia.org/wiki/Bank_of_North_Dakota