| ND Bank Holding Companies Get $15.8 Million Under Government Bank |
| 6/11/2009 |
| Two North Dakota bank holding companies are taking part in the government`s $700 billion rescue effort, getting a combined $15.8 million in loans. Timothy Karsky is the commissioner of the state Department of Financial Institutions. He says the North Dakota institutions are considered healthy and voluntarily applied for the taxpayer funds. The U.S. Treasury says Hannaford-based Security State Bank Holding Company received $10.8 million on May 1. The company is the parent company of Bank Forward, which has 12 branches in North Dakota and one in Minnesota. The government says Fargo-based Blackridge Financial Inc., a holding company for Blackridge Bank that has branches in Fargo and Bismarck, received $5 million on May 22. |
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