BISMARCK – The North Dakota Industrial Commission has named Don Morgan as the next president and CEO of the Bank of North Dakota.

Morgan succeeds Todd Steinwand, who retired effective Tuesday, July 2.

According to a press release, Morgan is a certified public accountant who has worked in the banking industry for over 23 years. Most recently, he served as CEO and bank president of Starion Bank, which has offices in North Dakota and Wisconsin.

“Don's impressive experience from his decades-long career in banking and his deep understanding of the critical role BND's local banking partners play in supporting farmers, ranchers and businesses in the state make him an exceptionally strong candidate to lead this unique institution,” the commissioners said in a joint statement.

The Industrial Commission consists of Governor Doug Burgum, Attorney General Drew Wrigley and Agriculture Commissioner Doug Goehring.

As the only state-owned bank in the country, the Bank of North Dakota’s mission is to “support agriculture, commerce and industry,” the press release states.

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