Regulatory Alerts2026-04-01
Added · Updated
Monthly Bulletin - April 2026
The North Dakota Department of Financial Institutions issued this bulletin detailing applications from state-chartered banks, credit unions, and trust companies, along with their current status. It reports approvals for a Town and Country Credit Union branch and a Cornerstone Bank loan production office, while denying Trust One Financial's request to use "trust" in its name. Additionally, the usury rate for unregulated lenders for May 2026 is set at 9.070%.
BULLETIN APPLICATIONS 5.1.2026 Branch 3/31/2026 Town and Country Credit Union, Minot, ND – Application to establish a branch at 3100 10th St SW, Minot, ND. Approved by the Commissioner 4/21/2026 Bylaw Change 3/30/2026 First Community Credit Union, Jamestown, ND – Request to amend bylaws. In review Change of Control 3/31/2026 First Holding Company of Cavalier, Inc., Cavalier, ND – Change of Control Application for Barbara J. Mayo 2020 GST Trust to join the Mayo Family Shareholder Group, a group acting in concert that controls United Valley Bank, Cavalier ND. In review Facility Closure 3/24/2026 First United Bank, Park River, ND – Application to close facility located at 407 5th Ave, Cando, ND. In comment period Interstate Branch 4/20/2026 Cornerstone Bank, Fargo, ND – Application to establish an interstate branch at 3307 7th Ave SE, Aberdeen, SD. In comment period 3/17/2026 Cornerstone Bank, Fargo, ND – Application to establish an interstate branch at 104 1st Ave NW, Watertown, SD. In comment period Loan Production Office 4/1/2026 Cornerstone Bank, Fargo, ND – Application to establish a loan production office at 3307 7th Ave SE, Aberdeen, SD. Approved by the Commissioner 4/2/2026 Name Waiver 04/20/2026 Banking Tech Partners LLC, Bloomington, MN – Request to use word “banking” in registered name. Approved by the Commissioner 4/21/2026 4/29/2026 Trust One Financial, Troy, MI – Request to use the word “trust” in registered name. Denied by the Commissioner 4/30/2026 Usury Rate The usury rate for unregulated lenders for the month of May 2026 is 9.070%. 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.