Regulatory Alerts2025-02-01
Added · Updated
Monthly Bulletin — February 2025
The North Dakota Department of Financial Institutions issued this bulletin to inform the public and financial institutions of pending applications from state-chartered banks, credit unions, and trust companies. The document details specific regulatory actions, including the approval of Cornerstone Bank's facility relocation and the ongoing review of First Western Bank & Trust's application to establish a limited purpose office. Additionally, it notes the usury rate for unregulated lenders for March 2025 and the status of Town and Country Credit Union's CUSO application awaiting approval.
Date Applicant Status
The usury rate for unregulated lenders for the month of March 2025 is 9.761%. 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. Relocate Branch/Facility 1/15/25 Cornerstone Bank, Fargo, ND—Application to relocate its facility from 140 Viking Drive, Rugby, ND to 235 Hwy 2 SE, Rugby, ND. Approved by the Commissioner 2/11/2025 CUSO 2/14/2024 Town and Country Credit Union, Minot, ND—Application to add an appraisal service to existing CUSO. Awaiting SCUB approval BULLETIN APPLICATIONS 03.03.2025 LPO 2/27/2025 First Western Bank & Trust, Minot, ND—Application to establish a LPO at 3001 N Alma School Road, Chandler, AZ In review.