Regulatory Alerts2023-08-01
Added · Updated
Monthly Bulletin — August 2023
The North Dakota Department of Financial Institutions issued this bulletin to inform the public of applications by state-chartered banks, credit unions, and trust companies. The document details specific regulatory actions, including the approval of interstate branches, name waivers, and facility closures, while noting that the usury rate for unregulated lenders in September 2023 is 10.556%. It also lists applications currently under review or withdrawn, such as a merger involving First Western Bank & Trust and a temporary relocation request by Western State Bank.
BULLETIN APPLICATIONS 8.31.2023 Branch Branch Closure Interstate Facility LPO Merger Name Waiver Relocate Main Office Usury
The usury rate for unregulated lenders the month of September 2023 is 10.556% 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. Date Applicant Status 7/7/23 Bell Bank, Fargo—Application to establish an interstate branch at 3501 West Arrowhead Road, Duluth, MN. Approved by the Commissioner 8/18/23 7/31/2023 Town and Country Credit Union, Minot—Application to establish a branch located at 2305 37th Ave SW, Minot, ND. Approved by the Commissioner 8/4/23 7/27/23 Bell Bank, Fargo—Application to establish an LPO at 105 Oak Street, Ashland, MO. Approved by the Commissioner 8/8/23 6/29/2023 First Western Bank & Trust, Minot—Application to merge State Bank of Lismore, Lismore, MN, with and into First Western Bank & Trust. In Review 6/26/2023 Lutheran Trust, Inc., d/b/a Lutheran Trust, St. Charles, MO—Request to use the word “trust” in the registered trade name of the business. Approved by the Commissioner 8/2/23 8/22/2023 First-Citizens Bank & Trust Company, d/b/a First Citizens Bank, Raleigh, NC—Request to use the words “bank” and “trust” in the registered trade name of the business. Approved by the Commissioner 8/22/23 8/29/2023 Bank OZK, Little Rock, AR—Request to use the word “bank” in the registered trade name of the business. Approved by the Commissioner 8/30/23 7/18/2023 Western State Bank, Devils Lake—Request to TEMPORARILY relocate the main office from 110 Fourth Street SE, Devils Lake, ND to 508 College Drive South, Devils Lake, ND. Withdrawn 6/27/2023 Western Cooperative Credit Union, Williston—Application to close facility located at 107 Main Street, Glen Ullin, ND. Approved by the Commissioner 6/27/23