Regulatory Alerts2023-01-01
Added · Updated
Monthly Bulletin January 2023
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 the status of various requests, including facility closures, branch relocations, name waivers, and subsidiary purchases. Additionally, it announces that the usury rate for unregulated lenders for February 2023 is set at 9.654%.
BULLETIN APPLICATIONS 2.1.2023 Amend Articles of Association Facility Closure LPO Name Waiver Relocate Facility/Branch Subsidiary Purchase
Usury
The usury rate for unregulated lenders the month of February 2023 is 9.654% 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 12/16/2022 First International Bank & Trust, Watford City—Application to close facility located at 143 Warrington Ave, Bowdon, ND Under Review 12/16/2022 First International Bank & Trust, Watford City—Application to close facility located at 300 11th St W, Williston, ND Under Review 11/17/2022 Peoples State Bank, Westhope—Application to amend Articles Approved by the Board 1/11/2023 12/14/2022 First International Bank & Trust, Watford City—Application to relocate interstate branch from 800 30th Ave S, Moorhead, MN To 865 37th Ave S, Moorhead, MN Approved by the Commissioner 1/25/2023 12/22/2022 Border Bank, Fargo—Application to purchase assets of Northern Ag, Inc. and form Border Insurance Agency. Approved by the Board 1/11/2023 1/27/2023 Bell Bank, Fargo—Application to establish an LPO at 275 4th Street E Ste 555, St. Paul, MN Approved by the Commissioner 1/30/2023 12/23/2022 Nature’s Way Ministerial Trust, Fargo, ND—Request to use the word “trust” in the registered trade name of the business Approved by the Commissioner 1/3/2023 12/27/2022 NORTHERN ILLINOIS FOOD BANK, Geneva, IL—Request to use the word “bank” in the registered trade name of the business Approved by the Commissioner 1/3/2023 12/29/2022 North American Banking Company, Roseville, MN—Request to use the word “bank” in the registered trade name of the business Approved by the Commissioner 1/3/2023 1/3/2023 Seattle Bank, Seattle, WA—Request to use the word “bank” in the registered trade name of the business Approved by the Commissioner 1/3/2023 1/10/2023 Trusty Trucking & Mechanics, LLC, Humansville, MO—Request to use the word “trust” in the registered trade name of the business Approved by the Commissioner 1/11/2023 1/10/2023 Cornerstone Capital Bank, SSB, d/b/a Cornerstone Home Lending and Cornerstone Servicing, Fargo, ND—Request to use the word “bank” in the registered trade name of the business Approved by the Commissioner 1/12/2023 1/23/2023 University Bank, Ann Arbor, MI—Request to use the word “bank” in the registered trade name of the business Approved by the Commissioner 1/24/2023