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ND.GOV | North Dakota
The BND Story

The BND Story

  • Overview
  • 1915-1919
  • 1920-1949
  • 1950-1989
  • 1990-2019
  • 2020-Today

President

Caleb R. Green

1922-1929

C.R. Green was born July 18, 1861 on Prince Edward Island, Nova Scotia. With no formal education, he worked as a fisherman in the winter and a sailor in the summer. He made frequent trips to Boston by water between the ages of 19-21.

He moved to Minnesota in the 1870s and started a successful grain elevator construction business. As the railroad moved west, so did Green. He kept building elevators in communities along the track. In 1889, he was hired by the company who hired him to build an elevator in Hamilton, North Dakota and he because an elevator manager and grain buyer.

In 1897, Green left the elevator to become a cashier for the Bank of Hamilton and later organized and became president of the Merchants National Bank of Cavalier, while retaining his interest in Hamilton. He was asked by Governor Nestos to take charge of the Bank of North Dakota because of his excellent management of those two banks immediately following World War I.

Green was announced as Bank manager December 12, 1922. His knowledge of farming conditions was a worthwhile asset that he used to manage the farm loan business at the Bank, leading the Bank to its first profitable years. He is credited for introducing the importance of diversification in farming. To ensure it happened, he instituted a policy that a farmer must have four cows or their equivalent in horses, chickens or other livestock before he was eligible for a loan at the Bank.

He suffered several strokes, passing shortly after an event that paralyzed him Christmas Day, 1929.

Eric A. Hardmeyer

2000-2021

As the tenth of twelve children born to Ted and Lorraine, Eric Hardmeyer learned the value of service early. His father, Ted, was a Marquette graduate who served on every committee possible in Mott, North Dakota, in addition to being a business owner, entrepreneur, mayor and state legislator.

Hardmeyer graduated from the University of North Dakota in 1985 with degrees in economics and political science. His experience with Bank of North Dakota at that time was having student loans. When a job in lending became available, it piqued his interest and he was hired.

A voracious reader and student of politics, Hardmeyer credits several people who have been strong influences for his leadership and management philosophy.

His father, Ted, instilled in him a love for reading and thoughtful conversation, along with the importance of impacting your community.

John Moore, his social science teacher at Mott High School, whetted his interest in economics and politics with his thought-provoking teaching style.

His college professor, Lloyd Omdahl, further fueled his interest in government, especially at the state level.

Joe Lamb, president of the Bank who hired Eric, placed a high value on employees believing every one of them should start with a living wage and have opportunities to grow professionally and personally.

As a business mentor, Hardmeyer credits Dennis Johnson of TMI in Dickinson. He’s known him for more than 30 years, first as a business relationship between the Bank and Johnson’s business, leading to today when Johnson was selected to be a member of the Bank’s Advisory Board. Hardmeyer’s leadership style that includes articulating a strong vision supported with a strategic business plan is taken directly from Johnson’s playbook.

Today, Hardmeyer is viewed as a politically astute man with strong vision and leadership for the Bank. He is the longest serving president who has navigated times of great economic change with oil booms and busts, drought and natural disasters to ensure the Bank remains relevant and plays a critical role for the residents of North Dakota. Politically, he is respected by both parties and claims no allegiance to either.

When in doubt, the Bank’s mission established in 1919, “to promote agriculture, commerce and industry,” is a guiding principle from which Hardmeyer does not waver. Every decision is based on whether that criteria is met.

When asked about the future, Hardmeyer believes we need to constantly be on the lookout to see what is next and to quickly identify funding gaps where the Bank could play a role. With so much potential and opportunity, he sees Bank of North Dakota continuing to evolve as a force for economic development and enhancing the lives of North Dakotans.

John H. Hoeven

1993-2000

John Hoeven was the first Bank president to move on to higher political office. He served as governor and successfully ran for Senator in 2010. Born in Bismarck, North Dakota, he received a bachelor’s degree from Dartmouth College in 1979 followed by a master’s degree in business administration from Northwestern University in 1981.

He moved to Minot, North Dakota where he was executive vice president of First Western Bank from 1986-1993 when he was appointed as president of Bank of North Dakota under Governor Ed Schaefer. He held that role for eight years when he resigned to run for governor.

John and his wife, Mikey, have two children and five grandchildren.

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