Regulatory Alerts2024-04-01
Added · Updated
Monthly Bulletin — April 2024
The North Dakota Department of Financial Institutions issued this bulletin to inform the public and financial institutions of pending and approved applications by state-chartered banks, credit unions, and trust companies. Key actions include the approval of Crown Realtors' name waiver, Cornerstone Bank's facility closure, and First International Bank & Trust's real estate exchange, while Bell Bank faces ongoing reviews for its main office relocation and interstate facility establishment. Additionally, the document announces that the usury rate for unregulated lenders for May 2024 is set at 10.627%.
BULLETIN APPLICATIONS 5.1.2024 Date Applicant Status
4/16/2024 Crown Realtors, LLC d/b/a Coldwell Banker Crown Realtors, Alexandria, MN—Request to use the word “Banker” in the registered trade name. Approved by the Commissioner 4/18/2024 The usury rate for unregulated lenders for the month of May 2024 is 10.627%. Usury Department of Financial Institutions www.nd.gov/dfi 1200 Memorial Highway Bismarck, ND 58504 (701)328-9933 This Bulletin informs North Dakota financial institutions and the public of applications by state-chartered banks, statechartered 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. 3/8/2024 Cornerstone Bank, Fargo, ND—Application to close facility located at 2627 South University Drive, Fargo, ND. Approved by Commissioner 4/23/2024 4/19/2023 Bell Bank, Fargo, ND—Application to close facility located at 1850 E. Northrop Blvd, Chandler, AZ 85286. Under Review Facility Closure Name Waiver 4/17/2024 Bell Bank, Fargo, ND – Application to relocate its main office from 3100 13th Ave S, Fargo, ND to 520 Main Ave, Fargo, ND. Awaiting Board Decision Relocate Main Office 4/17/2024 Bell Bank, Fargo, ND – Application to relocate its facility from 15 Broadway N, Fargo, ND to 520 Main Ave, Fargo, ND. In Comment Period Facility Relocation Interstate Facility 4/5/2024 Border Bank, Fargo, ND – Application to establish an interstate facility at 59644 Highway 11, Warroad, MN. Under Review Other Real Estate Owned 4/15/2024 First International Bank & Trust, Watford City, ND – Request approval for the bank to exchange its other real estate owned for 100 percent of the membership in an LLC holding company. Approved by the Commissioner 4/18/2024