Case Study: The Strategy, Implementation, and Financial Performance of the Bank of North Dakota

Authors

Muhammad Umar Farooq, New Mexico State UniversityFollow
Faruk Arslan, New Mexico State UniversityFollow
Donovan Fuqua, New Mexico State UniversityFollow
Victor Pimentel, New Mexico State UniversityFollow

Keywords

Corporate strategy, public policy, accounting, and financial implementation

Abstract

This case study seeks to investigate the factors enabling the survival of the Bank of North Dakota (BND), which is the only operational state-owned bank in the United States, and its implications on North Dakota economy's well-being. Since its foundation in 1919, the BND's mission has been to "promote agriculture, commerce, and industry in North Dakota." (Mission, Vision, Core Values, n.d.) This case explores the corporate strategy, its implementation, and the financial performance of the Bank of North Dakota from 2017-2021. By employing a case-study method, this paper draws on analysis and the comments of several elected representatives of North Dakota, the BND's public organizational documents, and its financial statements concerning the performance of a state bank in the US. The bank has economically assisted smaller financial institutions, individuals, and small businesses while maintaining stable financial performance.

Editor's Comment

Please contact Donovan Fuqua at dfuqua@nmsu.edu for teaching notes.

Recommended Citation

Farooq, M., Arslan, F., Fuqua, D., & Pimentel, V. (2024). Case Study: The Strategy, Implementation, and Financial Performance of the Bank of North Dakota. Mountain Plains Journal of Business and Technology, 25(1), 41. Retrieved from https://openspaces.unk.edu/mpjbt/vol25/iss1/3

Date Accepted

11 April 2024

Date Submitted

15 June 2023