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Study recommends shifting state dollars away from Bank of North Dakota

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Study recommends shifting state dollars away from Bank of North Dakota


BISMARCK — A cash management study presented to lawmakers on Tuesday, Sept. 17, recommends shifting state money away from the Bank of North Dakota to increase returns for state government.

The state keeps most of its operating funding at the Bank of North Dakota, the nation’s only state-owned bank. A consultant’s report found that this relationship could be harming both parties, but it was met with criticism during a meeting of the Legislature’s Government Finance Committee.

The report, prepared by consulting firm RVK Inc., likened the state to a “captive client” to the bank and reasoned that state agencies are subsidizing the bank’s income by accepting lower returns on their assets.

At the same time, this relationship also puts pressure on the Bank of North “to return dividends to the general fund,” said RVK senior consultant Josh Kevan.

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The consulting firm proposed removing the state’s funds from the Bank of North Dakota and having state agencies take over some of the cash management duties currently performed by the bank.

“That is in no way a recommendation to seize the operations of Bank of North Dakota,” Kevan said. “We assume that that continues to be a valuable part of your state’s infrastructure, but we do recommend exploring other ways to finance the bank’s balance sheet.”

The firm estimated that implementing its recommendations would bring the state an additional $9.5 billion over the next two decades.

The report’s findings drew skepticism and ire from legislators and some members of the banking community, who fear moving the money could hurt the Bank of North Dakota and other financial institutions in the state.

Many questioned how the state would replace the funding if North Dakota were to move forward with the firm’s recommendations.

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Kevan said that this was beyond the scope of the report.

Susan Sisk, director of the Office of Management and Budget, said the study’s steering committee recommends that lawmakers authorize an additional study that would research options for how the state could replace the Bank of North Dakota’s capital if the state’s operating funds were moved elsewhere.

Sisk told lawmakers that the steering estimates such a study would cost between $300,000 and $400,000.

The study presented on Tuesday cost $395,000, not including travel costs, according to the Office of Management and Budget.

Bank of North Dakota CEO Don Morgan, who has led the bank for roughly a month, said he doesn’t yet have a position on the recommendations.

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Don Morgan, CEO of the Bank of North Dakota, speaks following a presentation on a study that recommended the state remove its operating funds from the bank. Morgan told lawmakers during the Tuesday, Sept. 17, 2024, Government Finance Committee meeting he did not yet have a position on the study’s findings.

Mary Steurer / North Dakota Monitor

“This could be a really sound business idea,” he told the committee. “It really could, or it could not. At this point in time, for me, a key point is just not enough information.”

Alexis Baxley, president of the Independent Community Banks of North Dakota, said the association opposed the recommendations because members viewed them as an affront to the Bank of North Dakota’s mission.

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“I think that removing the funding from the Bank of North Dakota would have a devastating impact on all of the rural communities,” said Sarah Getzlaff, CEO of Security First Bank of North Dakota.

Several people remarked during the meeting that they hadn’t had time to digest the report, since it was only made public a day ahead of the committee meeting.

Implementing the changes would require significant changes to state law, Kevan acknowledged.

Gov. Doug Burgum has advocated for a cash management study, highlighting that North Dakota could be earning higher returns for its rainy-day funds. The North Dakota Industrial Commission, led by the governor, oversees the Bank of North Dakota.

This story was originally published on NorthDakotaMonitor.com

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Community rescues grieving North Dakota widow — by harvesting their late pal’s 1,400 acres of crops

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Community rescues grieving North Dakota widow — by harvesting their late pal’s 1,400 acres of crops


In North Dakota, farmers aren’t neighbors — they’re family.

When a sudden car crash tragically took the life of a beloved community member, the goodhearted folks of Antler came together to carry out one final act of kindness: they harvested his crops.

Randy Fyllesvold was killed in September, and his grieving widow, Kharra, and their two sons were left reeling, in no condition to deal with the 1,400 acres of corn and soybeans still in the fields surrounding their home.

Randy Fyllesvold, seen here with his wife Kharra, was killed in September. Kharra Fyllesvold/Facebook

That’s when the close-knit community stepped in.

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Two of Randy’s pals — Wyatt Thompson and Andy Gates — decided to organize a large-scale harvest of their late pal’s crops.

First, they put out a call for help.

And the people answered. In a flash, more than 75 volunteers from surrounding communities were rolling onto the farm on 12 combines, in 40 trucks, all loaded with other equipment — along with willing hands.

They worked together like a well-oiled machine, and the massive effort was locked up in just a couple days.

Kharra said being among so many people harvesting her husband’s final crop was “nothing short of breathtaking” and she feels blessed to be the recipient of so much love and support in such a harrowing time.

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The tiny North Dakota community banded together to help the family bring in the harvest. Kharra Fyllesvold/Facebook

But they wouldn’t have it any other way.

“To know Randy was to love Randy,” said buddy Wyatt Thompson told local station KFYR. “..The reach that he had was kind of endless.”

Kharra said she’ll never forget what they did for her.

More than 75 volunteers stepped up to help bring in the harvest. Kharra Fyllesvold/Facebook

“As I stood in the shop and looked around before the final Randy Fyllesvold corn harvest started, I was flooded with memories we created with all of you,” she wrote in a heartfelt Facebook post.

“The day was full of emotion, but I found so much peace in watching it unfold … but from the bottom of my heart, thank you. I will always remember this and Randy would be so proud.

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“God Bless all of you and the boys and I love each and every one of you. 12 combines, 7 grain carts, over 40 trucks all for you Randy.

“I know you are smiling down.”



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Donald Snyder Sr.

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Donald Snyder Sr.


Donald R. Snyder Sr. 82 of Grand Forks, North Dakota died Tuesday, December 9, 2026, at Villa St. Vincent in Crookston, Minnesota. 

Don was born on June 3, 1943, the son of Harrison and Gladys (Whittier) Snyder in Van Hook, North Dakota. He attended school in Van Hook and New Town, North Dakota. Don served in the United States Navy from 1960 – 1964 and was stationed in Hawaii during his time of service as a Military Police officer. He attended ND Police Academy and where he worked in Wattford City, ND and later was the Chief of Police in Parshall, ND. Don attended Minot State University and received a bachelor’s degree in psychology in 1972. 

Don was united in marriage to Greta Huseby on November 22, 1991, in Lake Tahoe, Neveda. He worked as a social worker in child welfare in North Dakota for thirty-five plus years in various roles in the state in Rugby, Minot and Bismarck as a Regional Supervisor to State Director in foster care. Don spent the many years taking care of family’s needs in North Dakota.

After retiring from Human Service in North Dakota, he worked for Multiband Inc. and Orangehook Inc. Don retired from OrangeHook Inc. as the Senior Vice President, responsible for HR Department.

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Don enjoyed fishing (deep sea, rivers and lakes), hunting, woodworking (cabinetry and interior), coaching Tee Ball and soccer, and volunteering for the local honor guards. He was proud of his service in the military and always showed his gratitude for fellow veterans.

Don’s faith and family were his priority. He read the Bible six times and shared his faith with his family and friends. Don and Greta were active members of University Lutheran Church.

Don is survived by his wife, Greta Snyder; three sons, Donald Richard Snyder Jr., Scott (Nancy) Snyder and Tracy (Staci) Snyder; grandchildren, Megan (Rory) Selk, Katelyn Snyder, Gavin Snyder, Whitney (Chris) Crofts, Kaylee (Jon) Gappmaier and Jordan (Jen) Snyder, thirteen great-grandchildren, Kinley, Iyla, Jude, Gabby, Rowan, Sophia, Hunter, Kimber, Isaiah, Benjamin, Porshea, Addie and Mollie;  numerous nieces and nephews.

Don was preceded in death by his parents, two daughters, Tunya and Mishell Snyder, granddaughter, Jessica Snyder and two infant sisters. 

Visitation will be held from 10:00 – 11:00 a.m. Wednesday, December 17, 2025, at Amundson Funeral Home. Memorial service will be held at 11:00 a.m. Wednesday, December 17, 2025, at Amundson Funeral Home.

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Wheeler-Thomas scores 21 as North Dakota State knocks off Cal State Bakersfield 80-69

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Wheeler-Thomas scores 21 as North Dakota State knocks off Cal State Bakersfield 80-69


BAKERSFIELD, Calif. (AP) — Damari Wheeler-Thomas’ 21 points helped North Dakota State defeat Cal State Bakersfield 80-69 on Thursday.

Wheeler-Thomas had three steals for the Bison (8-3). Markhi Strickland scored 15 points while shooting 6 of 11 from the field and 3 for 6 from the free-throw line and grabbed five rebounds. Andy Stefonowicz went 4 of 7 from the field (3 for 4 from 3-point range) to finish with 13 points.

Ron Jessamy led the way for the Roadrunners (4-7) with 18 points, six rebounds, two steals and four blocks. CJ Hardy added 13 points. Jaden Alexander also recorded eight points and two steals.

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The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.



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