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Bank of North Dakota outlines risk management, student‑loan and fintech work; seeks flexibility on FTE pool
Summary
Don Morgan, president and CEO of the Bank of North Dakota, told the House Appropriations Government Operations section the bank manages roughly $10 billion in assets and is pursuing fintech, student‑loan and talent‑management work while asking the Legislature for flexibility on vacant FTE authority.
Don Morgan, president and CEO of the Bank of North Dakota, briefed the Government Operations section on the bank’s mission, balance‑sheet risks and strategic priorities, including cash management, digitization and workforce planning.
Morgan said the bank manages roughly $10 billion in assets and holds about $7 billion in state deposits; he described the institution’s core responsibilities as enterprise risk management (liquidity, interest‑rate, credit risk), providing correspondent and other services to community banks and administering legislatively directed programs such as revolving loan funds. He told the committee the bank’s loan portfolio is large and diverse and that the…
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