The Bank Slate


Bank of North Dakota begins search for new CEO

The Bank of North Dakota, the only state-owned bank in the U.S., is looking for a new leader.

Todd Steinwand resigned as the bank’s president and CEO, effective July 2. He took over the top post in July 2021.

Rob Pfennig, the bank’s chief financial officer, was named interim president and CEO, while a search is conducted for a permanent replacement.

“My eight years with BND have been the most rewarding of my 42-year career in banking,” Steinwand said in the release. “I am grateful for the opportunity to have served in this capacity and retire with the confidence that the bank’s outstanding team will facilitate a smooth leadership transition.”

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