Local lenders understand the financial needs of their customers best. In 1919 when BND was voted into law, a pivotal decision was made that they would serve as the delivery channel for BND loan programs. This means that BND does not compete with local lenders but partners with them to benefit local economies.
BND originated and renewed $2.1 billion of business, commercial and student loans in 2024 and $2.5 billion of those three types in 2025. In 2020, the statewide banking associations identified the need for timely, reasonably priced collateral valuation services and approached BND to determine if the Bank could play a role. The 2021 Legislature approved the staffing level required to start the service, and after a pilot conducted in 2021, collateral valuation services were offered to all financial institutions starting in January 2022.
