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Monthly Bulletin — January 2022

licensing

The North Dakota Department of Financial Institutions issued this bulletin to inform the public and financial institutions of pending and approved applications by state-chartered banks, credit unions, and trust companies. The document details specific regulatory actions, including the approval of KodaBank's articles of association amendment and First International Bank & Trust's new facility, while noting that Hometown Credit Union, Capital Credit Union, and Bell Bank applications remain under review or in the comment period. Additionally, the bulletin establishes the usury rate for unregulated lenders at 7.00% for February 2022.

North DakotaNorth Dakota Department of Financial Institutions

BULLETIN
APPLICATIONS
2.1.2022
Amend Articles of Association
Branch/Facility
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, state￾chartered 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 February 2022 is 7.00% 12/30/2021 KodaBank, Drayton—Application to amend Articles of Association and application to restate Articles of Association Approved by the Board 1/11/2022 12/3/2021 First International Bank & Trust, Watford City—Application to establish a facility at 4530 Memorial Hwy, Mandan, ND Approved by the Commissioner 1/3/2022 12/16/2021 Hometown Credit Union, Kulm—Application to establish a branch at 301 5th Ave SE, Medina, ND In Review 1/26/2022 Capital Credit Union, Bismarck—Application to establish a branch at 5120 38th St S Fargo, ND In Review 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 In Comment Period

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Source: North Dakota Department of Financial Institutions — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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