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PNS Daily Newscast - December 14, 2017 


GOP leaders reach an agreement on their tax bill, we have a report on the likely squeeze on state and local revenues; also on our nationwide rundown; should ex-felons have the right to vote or own guns? And we will clue you in on the most dangerous place to drive this holiday season.

Daily Newscasts

First Ever Private Bank Opens on North Dakota Reservation

January 11, 2008

Belcourt, ND – The Turtle Mountain State Bank in Belcourt, N.D., is open for business. It is a real rarity, said to be the first privately-owned bank on a Native American reservation in the country.

The bank opened its doors in early December, and on January 17 there will be a ribbon-cutting ceremony to be attended by Gov. John Hoeven.

Belcourt, a community of 2,500 just south of the Canadian border, is the tribal seat of the Turtle Mountain Band of the Chippewa. The bank's majority stockholder, James Luducer, says a financial institution in the heart of the community will have a major economic impact for the people of the Turtle Mountains.

"Some of the most poverty-stricken areas in the country are our reservations, mainly because they didn't really have an economic boost; no economic opportunities were available. This bank will make those opportunities available."

Luducer counts only 20 businesses operating today in Belcourt, but he believes that will improve.

"If you take a picture of it now and take a picture of it 10 years from now, you are going to see a dramatic difference."

Luducer says opening the first privately-owned bank on a federally-recognized reservation was a long haul; the process took almost two years.

The bank's website is www.tmstatebank.com.

Dick Layman/Chris Thomas, Public News Service - ND