Regulatory Alerts2023-12-01
Added · Updated
Monthly Bulletin — December 2023
The North Dakota Department of Financial Institutions issued this bulletin to report on the status of various applications for state-chartered banks, credit unions, and trust companies. The document details approvals for facility establishments, relocations, and mergers, while noting that applications from North Star Community Credit Union and Capital Credit Union remain under review or in the comment period. Additionally, the bulletin announces the January 2024 usury rate for unregulated lenders at 10.547% and records decisions regarding name waiver requests for several entities.
BULLETIN APPLICATIONS 1.1.2024
Date Applicant Status 11/16/2023 The Union Bank, Beulah—Application to establish a facility located at 113 1st Ave NW, Beulah. Approved by Commissioner 12/7/23 Facility Branch 12/15/2023 North Star Community Credit Union—Application to establish a facility located at 2150 15th St SW, Minot, ND. In Review 10/11/2023 Choice Financial Group, Fargo—Application to relocate a facility from 207 E Front Ave, Bismarck to 1050 E Interstate Ave, Bismarck. Approved by Commissioner 12/11/23 11/3/2023 Bell Bank, Fargo—Application to establish an interstate branch located at 6838 N 58th Dr, Glendale, AZ. Approved by Commissioner 12/11/23 11/7/2023 Bravera Bank, Dickinson—Application to merge Financial Security Bank, Kerkhoven, MN with and into Bravera Bank. Approved by Commissioner 12/15/23 12/11/2023 Capital Credit Union, Bismarck—Application to merge Flasher Credit Union, Flasher, ND with Capital Credit Union, and elect to assume the expanded field of membership. In comment period. The usury rate for unregulated lenders for the month of January 2024 is 10.547%. 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. Facility Relocation Interstate Branch Merger Name Waiver Usury 12/18/23 Banks and Co., Fargo, ND—Request to use the word “bank” in the registered trade name of the business. Approved by Commissioner 12/18/23 11/27/23 Creatoris Contractus Trust Enterprise, Viridis Ignis Express Trust Enterprise, and Quod Dici Non Potest Trust Enterprise, Sioux Falls, SD—Request to use the word “trust” in the registered trade name of the business. Denied by Commissioner 12/13/2023 12/4/23 Rainforest Trust, Justin, TX—Request to use the word “trust” in the registered trade name of the business. Approved by Commissioner 12/4/23 12/1/23 West Bank Contractor Services, LLC, Fargo, ND—Request to use the word “bank” in the registered trade name of the business. Approved by Commissioner 12/1/23