These banks all reported apartment loans on their most recent federal call report, and all have at least one branch in North Dakota. Banks are the most common source of multifamily financing — five units and up, stabilised or value-add — and most lend close to their branches, so a lender with offices near your building is usually a better first call than a bigger name without them. Expect a bank to want recourse and, usually, a banking relationship; the capital guide compares the alternatives.
Banks Based in North Dakota, Largest Multifamily Books First
25 of 40 qualifying banks are headquartered in North Dakota. These are the lenders whose whole business is this market.
| # | Institution | Multifamily book | Share of investor CRE | Branches in ND | Contact |
|---|---|---|---|---|---|
| 1 | Bell Bank | $1.26bn | 29.2% | 12 | Contact available |
| 2 | Alerus Financial | $362m | 26.5% | 7 | Contact available |
| 3 | First International Bank & Trust | $360m | 21.7% | 19 | Contact available |
| 4 | Choice Financial Group | $271m | 23.3% | 13 | Contact available |
| 5 | Western State Bank | $151m | 28.1% | 3 | Contact available |
| 6 | Bank Forward | $146m | 49.0% | 10 | Contact available |
| 7 | Starion Bank (Bismarck, ND) | $144m | 31.1% | 13 | Contact available |
| 8 | First Western Bank & Trust | $140m | 25.7% | 8 | Contact available |
| 9 | Cornerstone Bank | $124m | 35.9% | 10 | Contact available |
| 10 | Gate City Bank | $115m | 28.5% | 36 | Contact available |
| 11 | Bravera Bank | $106m | 19.1% | 26 | Contact available |
| 12 | American Federal Bank | $102m | 60.2% | 5 | Contact available |
| 13 | Border Bank | $74m | 30.2% | 2 | Contact available |
| 14 | KodaBank | $50m | 53.9% | 9 | Contact available |
| 15 | United Valley Bank | $45m | 35.2% | 3 | Contact available |
| 16 | First State Bank | $20m | 18.6% | 5 | Contact available |
| 17 | First United Bank (ND) | $19m | 20.1% | 19 | Contact available |
| 18 | Dakota Community Bank & Trust, National Association | $18m | 12.9% | 12 | Contact available |
| 19 | Unison Bank | $16m | 9.4% | 3 | Contact available |
| 20 | Security First Bank of North Dakota | $14m | 25.1% | 5 | Contact available |
| 21 | American State Bank & Trust Company of Williston | $14m | 29.7% | 2 | Contact available |
| 22 | First State Bank & Trust | $6m | 9.8% | 4 | — |
| 23 | Union State Bank of Hazen | $6m | 27.7% | 4 | Contact available |
| 24 | Kirkwood Bank & Trust Co. | $5m | 8.5% | 4 | Contact available |
| 25 | The Union Bank | $4m | 71.1% | 6 | Contact available |
National Lenders With Branches in North Dakota
11 of 11 qualifying banks are headquartered elsewhere but have offices here. The multifamily figure is their national book, so read it alongside the branch count — a large book behind a handful of local offices is a different proposition from a bank with a branch network in the state.
| # | Institution | Multifamily book | Share of investor CRE | Branches in ND | Contact |
|---|---|---|---|---|---|
| 1 | JPMorgan Chase Bank, National Association | $107.32bn | 64.9% | 3 | Contact available |
| 2 | Wells Fargo | $26.55bn | 25.6% | 12 | Contact available |
| 3 | US Bank | $14.46bn | 34.7% | 15 | Contact available |
| 4 | Old National Bank | $5.86bn | 34.3% | 14 | Contact available |
| 5 | First Citizens Bank | $2.97bn | 13.5% | 4 | Contact available |
| 6 | Frandsen Bank & Trust | $175m | 28.9% | 1 | Contact available |
| 7 | American Bank & Trust (Sioux Falls, SD) | $174m | 33.6% | 1 | Contact available |
| 8 | Dacotah Bank | $154m | 14.0% | 9 | Contact available |
| 9 | BNC National Bank | $36m | 12.5% | 12 | — |
| 10 | Hometown Community Bank | $9m | 42.4% | 2 | Contact available |
| 11 | Bank of England | $2m | 7.1% | 2 | Contact available |
What this list is, and what it leaves out
A reported balance is not a credit box. Every bank here held apartment loans on 30 June 2026. That is evidence they lend on multifamily — better evidence than a marketing page, because it is what they actually hold — but it is not a commitment to lend on your deal, at your size, in your submarket.
More lenders exist than this page lists. 51 banks qualified in North Dakota. Credit unions, debt funds, agency lenders and life companies also finance apartments and none of them file this report, and plenty of banks lend on multifamily without publishing criteria anywhere. Running your deal through the search covers all of them, not just the banks on this page.
We hold a named lending contact for 45 of them.
Sources. FDIC Call Reports (30 June 2026) and the FDIC Summary of Deposits. A bank appears here if it reported a multifamily balance of $5m or more, or multifamily at 5% or more of its commercial real estate book, and has at least one branch in North Dakota. The dual test is deliberate: a flat dollar floor is a bank-size filter in disguise — a $25m floor passes 86.5% of banks over $10bn and 2.2% of banks under $300m — and would drop the community lenders most likely to look at a smaller apartment deal. Multifamily is the call report's own category for loans secured by five-or-more-unit residential property; it excludes one-to-four-unit rentals, which banks report separately. Multifamily book is institution-level and unprorated: no state split of the loan book is published, so a bank lending in several states shows its full multifamily book on every state page where it qualifies. That is why this page separates banks based in North Dakota from national lenders with branches here, rather than ranking them against each other on a national figure. Branch counts are offices in North Dakota from the Summary of Deposits. Contact availability refers to whether Lender Compass holds a named contact, not to anything the bank publishes.