Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Economy prompts fresh look at North Dakota's socialist bank [AP]

Tuesday, February 16, 2010 - 5:53 PM
AP article has an interesting review of a very unique bank:
The Bank of North Dakota - the nation's only state-owned bank - might seem to be a relic. It was the brainchild of a failed flax farmer and one-time Socialist Party organizer during World War I.

But now officials in other states are wondering if it is helping North Dakota sail through the national recession.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634