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Bank of North Dakota briefs task force on lending programs, school and infrastructure loans and a bank-led stablecoin pilot
Summary
Bank of North Dakota officials reported portfolio size, loan composition and legislative loan programs to the task force and described a planned ‘Roughrider’ stablecoin pilot developed with a core vendor to test next-generation payment rails in coordination with the state’s financial institutions.
Bank of North Dakota executives updated the Legislative Task Force on Government Efficiency about the bank's loan portfolio, legislatively directed lending programs and a planned pilot for a state-linked stablecoin.
Kelvin Hollett, Chief Business Development Officer, and Kirby Ebinger, Chief Credit Officer, presented the bank's portfolio figures and program activity and fielded questions about credit quality, program terms and outreach to community banks.
Portfolio and credit-quality summary - Kelvin Hollett said the Bank of North Dakota had total assets of about $10.6 billion and total capital of roughly $1.2 billion. The loan portfolio presented to the committee totaled about $6.1 billion. - Kirby Ebinger described the loan mix: roughly $4.1 billion commercial and industrial loans, about…
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