State-Owned Banks: The Future of Banking?

When the recession challenged Pam Wanner's bakery, she found comfort in what might seem a surprising place: her bank, the Bank of North Dakota, the only state-owned bank in the country. BND teamed up with a private, local bank in 2007 to provide Wanner's Twisted Bakery with a $100,000 loan that the bakery used to invest in equipment to create gluten-free products. Though the recession slowed Wanner's business plans, she's optimistic that her gluten-free herb breads and pastries will help...Full Story
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