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Bank of ND bringing together smaller lenders for Bakken projects

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MINOT -- Investors and developers interested in helping solve North Dakota's housing shortage often run into a common problem: how to finance multi-million dollar projects.

Community banks in the state don't have the ability to finance deals of that magnitude, national lenders don't have a presence in western North Dakota and out-of-state banks are wary, said Jeff Zarling, organizer of the Bakken Investor Conference being held this week in Minot.

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Amy Dalrymple

Amy Dalrymple is a Forum News Service reporter stationed in the Oil Patch. She can be reached at adalrymple@forumcomm.com or (701) 580-6890.

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