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Dear John,
Eric Hardmeyer, the long term president and CEO of the Bank of North Dakota, will not speak at this event, but his very articulate and effective video presentation organized by the New York Public Banking Coalition will enlighten you about banking in the public interest and the proper use of the powers of credit creation.
Joining Eric Hardmeyer, and representing local community banks is Karl Bollingberg,
retired executive officer of Alerus Bank, of Grand Forks, ND. He also is the Chair of the BND Advisory Board and is currently the board VC of the Federal Home loan Bank of Des Moines.
Karl will be available after the video to answer questions from the audience.
This event is happening Thursday,October 20, 2022 from 6:00 pm to 7:30 pm, or later if needed
Please mark your calendar and join us for this landmark event.
Thank you so much for your interest and support, and for understanding.
We look forward to seeing you all on October 20 .
If you have already registered for the event, your registration will carry over.
If you are uncertain, then click the Register Now! button below.
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State legislators, county commissioners, city councilors, public officials, local banks and credit unions, stakeholder groups, and the people of Colorado have a unique opportunity to explore the many benefits of state, county, and city public banks, and address any questions about the operation of the Bank of North Dakota and the public banking model.
Please invite your Credit Union members and Community Bank officials to this most significant discussion.
Mr. Hardmeyer & Karl Bollingberg will explain the phenomenal success of the 103 year old BND, including how it makes loans jointly with community banks and credit unions, and achieved the following:
- In the 2008 Great Recession, prevented any recession in North Dakota by increasing lending enough, in partnership with the community banks and credit unions, to offset the recession and achieve record profits each year;
- North Dakota has had no bank failures in over 20 years and has the most community banks and credit unions per capita than any other state;
- North Dakota perennially has the lowest unemployment rate, lowest student loan and credit card default rate, and one of the lowest home foreclosure rates;
- BND enables community banks and credit unions to take on larger loans they could not otherwise take on by sharing the risk;
- BND also assists in software and regulatory issues to take some of that burden off the local lender and enhance their ability to survive the increased regulatory burden;
- And more.
There will be a Q & A period.
Please join this meeting and learn of the success of public banking in North Dakota, and find out more about the efforts underway in Colorado.
Just click on the link below to register or RSVP.
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