HURRICANE SANDY & THE GREAT RED RIVER FLOOD: How the Public Bank of North Dakota saved Grand Forks

Jim Morrow & Ira Dember • http://www.skyvalleychronicle.com • November 3, 2012

(GRAND FORKS, N.D.) — As the nation watches the aftermath of the destructive Hurricane Sandy in New York and New Jersey, it may be instructive to compare another cleanup 15 years ago in North Dakota after another natural disaster – the massive flooding of the Red River and the fire in downtown Grand Forks.

Folks in Grand Forks, North Dakota will never forget April 1997, when record flooding of the Red River and major fires devastated the city.

They also won’t forget that it was Bank of North Dakota — the nation’s only bank owned by a state — that put people above profits.

The BND rushed to the rescue with financial flexibility and generosity of spirit in the public interest that no privately owned bank could match…

Read the complete article here.

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2 Responses

  1. [...] The BND’s emergency capabilities were demonstrated in 1997, when record flooding and fires devastated Grand Forks, North Dakota. The town and its sister city, East Grand Forks on the Minnesota side of the river, lay in ruins. Floodwaters covered virtually the entire city and took weeks to fully recede. Property losses topped $3.5 billion. [...]

  2. [...] The BND’s emergency capabilities were demonstrated in 1997, when record flooding and fires devastated Grand Forks, North Dakota. The town and its sister city, East Grand Forks on the Minnesota side of the river, lay in ruins. Floodwaters covered virtually the entire city and took weeks to fully recede. Property losses topped $3.5 billion. [...]

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