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2026-08-01

Added 2026-09-02 · Updated 2026-09-04

Monthly Bulletin — August 2026

The North Dakota Department of Financial Institutions lists application statuses for state-chartered banks, credit unions, and trust companies, including approvals for interstate branches, loan production offices, name changes, and capital reductions. Specific actions include approvals for First Western Bank & Trust, Bell Bank, and Aspire Bank, while an application by Ascensus Trust Company remains in the comment period. The bulletin also sets the September 2026 usury rate for unregulated lenders at 9.204%.

North Dakota

North Dakota Department of Financial Institutions

BULLETIN APPLICATIONS 9.2.2026 Date Received Applicant Status Change of Control 8/21/2026 Ascensus Trust Company, Fargo – Application for certain investment funds advised and managed by Stone Point Capital LLC and certain funds advised and managed by Genstar Capital Partners LLC, for permission to indirectly acquire 25 percent or more of the shares of, and thereby control, Ascensus Trust Company, through the merger of GC Hermes Holdings Inc., with and into Mercury Parent Holdings, Inc., the trust company’s indirect parent holding company. In Comment Period Interstate Branch 6/29/2026 First Western Bank & Trust, Minot, ND – Request to establish an interstate branch at 490 West Willow Street, Harrisburg, SD. Approved by the Commissioner 8/18/2026 7/21/2026 First Community Credit Union, Jamestown, ND – Request to establish two interstate branches at 210 Main Ave S, Red Lake Falls, MN and 47 County Rd 113 N, Mentor, MN. Both branches will be purchased from Unity Bank, Augusta, WI. Awaiting Board Decision Loan Production Office 7/22/2026 Bell Bank, Fargo, ND – Request to establish a loan production office at 203 Cooper Ave N, St. Cloud, MN. Approved by the Commissioner 8/3/2026 8/24/2026 Bell Bank, Fargo, ND – Request to establish a loan production office at 360 Central Avenue, St. Petersburg, FL. Approved by the Commissioner 8/28/2026 Name Change 7/13/2026 Aspire Bank, Fargo, ND – Request to change name to HK Bank. Approved by the State Banking Board on 9/2/2026 Relocation 7/29/2026 Bell Bank, Fargo, ND – Application to relocate branch from 4303 S Columbia Rd to 3800 S Washington St, Grand Forks, ND. Approved by the Commissioner 8/26/2026 Request to Reduce Capital 8/12/2026 The Union Bank, Beulah, ND – Request approval to reduce capital. Approved by the State Banking Board on 9/2/2026 Usury Rate The usury rate for unregulated lenders for the month of September 2026 is 9.204%. 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.