Regulatory Alerts2022-02-01
Added · Updated
Monthly Bulletin — February 2022
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 requests for branch establishments, relocations, and name waivers, noting their current status such as awaiting board approval or commissioner approval. Additionally, it announces that the usury rate for unregulated lenders for March 2022 is set at 7.00 percent.
BULLETIN APPLICATIONS 3.2.2022 Branch/Facility Name Waiver Relocate Interstate Branch 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. Date Applicant Status The usury rate for unregulated lenders the month of March 2022 is 7.00% 12/16/2021 Hometown Credit Union, Kulm—Application to establish a branch at 301 5th Ave NE, Medina, ND Awaiting Board Approval 1/26/2022 Capital Credit Union, Bismarck—Application to establish a branch at 5120 38th St S, Fargo, ND Awaiting Board Approval 2/14/2022 Red River Trust, Grafton, ND—Request to use the word “trust” in the registered trade name of the business Approved by the Commissioner 2/14/2022 2/19/2022 The Signatry Charitable Trust, Reston, VA—Request to use the word “trust” in the registered trade name of the business Approved by the Commissioner 2/22/2022 1/27/2022 Bell Bank, Fargo—Application to relocate interstate branch from 15 N Broadway, Pelican Rapids, MN to 11 S Broadway, Pelican Rapids MN Approved by the Commissioner 2/23/2022