Regulatory Alerts2021-03-01
Added · Updated
Monthly Bulletin — April 2021
The North Dakota Department of Financial Institutions issued this bulletin to inform the public and regulated entities of pending applications and regulatory updates. The document lists several applications in the comment period, including interstate branch expansions by First International Bank & Trust and Bell Bank, as well as a change of control involving American Bancor, Ltd. Additionally, it reports approved actions for Western State Bank and Farm USA Trust, while setting the March 2021 usury rate for unregulated lenders at 5.584%.
This Bulletin informs North Dakota financial institutions and the public of applications by state-chartered banks, state-chartered credit unions, and trust companies to be acted upon. This Bulletin is for informational purposes only and does not constitute legal notice of an application. STATE OF NORTH DAKOTA DEPARTMENT OF FINANCIAL INSTITUTIONS 2000 SCHAFER STREET, SUITE G BISMARCK ND 58501-1204 701-328-9933 www.nd.gov/dfi BULLETIN April 1, 2021, APPLICATIONS Date Applicant Status APPLICATION TO ESTABLISH AN INTERSTATE BRANCH 3-10-2021 First International Bank & Trust, Watford City – Application to establish an interstate branch at 4930 S Western Ave, Suite 100, Sioux Falls, SD In Comment Period 3-29-2021 Bell Bank, Fargo – Application to establish an interstate branch at 33 S 6th St, Suite 250, Minneapolis, MN In Comment Period 3-29-2021 Bell Bank, Fargo – Application to establish an interstate branch at 8349 W Bell Road, Peoria, AZ In Comment Period CHANGE OF CONTROL APPLICATION 3-3-2021 American Bancor, Ltd., Dickinson - Application to acquire 100% of the shares and thereby control of The Citizens State Bank of Finley, Finley, ND In Comment Period LPO APPLICATION 3-3-2021 Western State Bank, Devils Lake – Application to establish an LPO at 22601 N 19th Ave, Phoenix, AZ Approved by the Commissioner on 3- 4-2021 NAME WAIVER 3-1-2021 Farm USA Trust, LLLP Approved by the Commissioner on 3- 3-2021 USURY The usury rate for unregulated lenders the month of March 2021 is 5.584%.