Bank of North Dakota leader to retire in 2024

(Bismarck, ND) – After 42 years in the banking industry, the President and CEO of the Bank of North Dakota has announced his intent to retire next year.

Todd Steinwand, who has served as President of the Bank of North Dakota since the retirement of Eric Hardmeyer in 2021, announced Wednesday he will retire in the second quarter of 2024. An exact retirement date has not been established, but Steinwand told the North Dakota Industrial Commission that he would continue to work with the Commission during the transition period.

The Industrial Commission approved an executive search committee at a meeting today in Bismarck.

“Todd Steinwand has led with vision during his eight years of service at the Bank of North Dakota,” Commission members said in a joint statement. “Under Todd’s leadership, BND reached new records for assets, loans and net income, launched numerous innovations to better serve financial institution partners, and strengthened the Bank’s commitment to farmers, ranchers, students and businesses in the state.”