Regulatory Alerts2022-08-01
Added · Updated
Monthly Bulletin — August 2022
The North Dakota Department of Financial Institutions issued this bulletin to inform the public and financial institutions of various applications by state-chartered banks, credit unions, and trust companies. The document details recent approvals for name waivers, limited purpose office establishments, and facility relocations, while listing several pending applications for change of control, field of membership expansions, and facility closures currently under review or in the comment period. Additionally, the bulletin announces that the usury rate for unregulated lenders for September 2022 is set at 7.405%.
BULLETIN APPLICATIONS 9.1.2022 Amend Articles of Association Change of Control Facility Application Facility Closure Facility Relocation Field of Membership Application LPO Name Waiver Usury
The usury rate for unregulated lenders the month of September 2022 is 7.405% 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, state-chartered credit unions, and trust companies to be acted upon. This Bulletin is for informational purposes only and does not constitut e legal notice of an application. Date Applicant Status 8/4/2022 Juniper Trust Company, Santa Fe, New Mexico—Request to use the word “trust” in the registered trade name of the business Approved by the Commissioner 8/22/2022 8/4/2022 Wilbanks Acquisitions III, LLC, Denver, CO—Request to use the word “bank” in the registered trade name of the business Approved by the Commissioner 8/8/2022 8/11/2022 Food Bank of Eastern Michigan, Inc., Flint, MI—Request to use the word “bank” in the registered trade name of the business Approved by the Commissioner 8/11/2022 8/22/2022 NPT Charitable Asset Trust, Jenkintown, PA—Request to use the word “trust” in the registered trade name of the business Approved by the Commissioner 8/22/2022 8/30/2022 Quality Trusted Commercial Construction & Roofing, Inc., Brooklyn Park, MN— Request to use the word “trust” in the registered trade name of the business Approved by the Commissioner 8/30/2022 6/29/2022 Turtle Mountain State Bank, Belcourt—Application to establish an LPO at 201 Missouri Dr, Mandan, ND Approved by the Commissioner 8/22/2022 8/10/2022 Bell Bank, Fargo, ND—Application to establish an LPO at 626 4th St N, Stillwater, MN Approved by the Commissioner 8/10/2022 8/1/2022 Railway Credit Union, Mandan—Application to expand field of membership to include members and volunteers of the North Dakota Railroad Museum Awaiting Board Decision 8/3/2022 Dakota Heritage Bank, Hunter—Application to relocate branch from 101 W Caledonia Ave, Hillsboro, ND to 212 W Caledonia Ave, Hillsboro, ND In Comment Period 8/1/2022 United Valley Bank, Cavalier—Application to close Grand Forks facility location. In Comment Period 5/18/2022 TruCommunity Bank, Garrison—Application to amend Articles Under Review 8/11/2022 Peoples State Bank, Westhope—Application for change of control—Tyler Engstrom, Darin Bohl, and Curtis Moum, as a group acting in concert, to acquire control of 25% or more of the voting stock of Peoples State Holding Company, which owns 100% of Peoples State Bank, both of Westhope, ND In Comment Period 8/30/2022 First Community Credit Union, Jamestown—Application to establish a branch at 2500 34th St S, Moorhead, MN Under Review