Regulatory Alerts2024-08-01
Added · Updated
Monthly Bulletin — August 2024
The North Dakota Department of Financial Institutions issued this bulletin to inform the public and financial institutions of recent regulatory actions and applications. The document announces the September 2024 usury rate for unregulated lenders at 10.555% and details specific approvals, including a name waiver for a private business trust and an interstate branch address update for First Community Credit Union. Additionally, it notes that an application to establish a new trust company is currently under review while a loan production office application for Bell Bank has been approved.
BULLETIN APPLICATIONS 9.3.2024 Date Applicant Status The usury rate for unregulated lenders for the month of September 2024 is 10.555.%. 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. 8/23/2024 Marietta Mae Ganser Private Business Trust, Cleveland, ND—Request to use the word “Trust” in the registered trade name. Approved by the Commissioner 8/23/2024 Name Waiver Interstate Facility / Branch 7/29/2024 First Community Credit Union, Jamestown, ND – Amended interstate branch application to update the address from 2500 34th St S, Moorhead, MN to 2602 34th St S, Moorhead, MN. Original application approved by the Commissioner 10/3/2022. Approved by the Commissioner 8/13/2024 Trust Company 7/8/2024 Trust Company of the Dakotas (proposed name changed from Dakota Trust Company), Williston, ND—Application to establish a new trust company. In Review. LPO 7/292024 Bell Bank, Fargo, ND—Application to establish an LPO at 6000 Monona Drive, Ste 202, Monona, WI. Approved by the Commissioner 9/3/2024