Regulatory Alerts2025-04-01
Added · Updated
Monthly Bulletin — April 2025
The North Dakota Department of Financial Institutions issued this bulletin to inform the public and financial institutions of recent regulatory actions and pending applications. The document announces the approval of name waivers for North American Banking Company and San Juan Preservation Trust, allowing them to use specific trade designations. Additionally, it notes that Bravera Wealth's application to establish an interstate trust branch remains under review while providing the current usury rate for unregulated lenders.
Date Applicant Status
The usury rate for unregulated lenders for the month of May 2025 is 9.664%. 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. Name Waiver 4/7/2025 North American Banking Company, Roseville, MN—Request to use the word “Bank” in the registered trade name. Approved by the Commissioner 4/7/2025 4/22/2025 San Juan Preservation Trust, Friday Harbor, WA—Request to use the word “Trust” in the registered trade name. Approved by the Commissioner 4/22/2025 BULLETIN APPLICATIONS 05.01.2025 Interstate Branch 3/5/2025 Bravera Wealth, Dickinson, ND—Application to establish an interstate trust branch at 11102 57th St NE, Albertville, MN. In review.