Regulatory Alerts2024-01-01
Added · Updated
Monthly Bulletin — January 2024
The North Dakota Department of Financial Institutions issued this bulletin to inform state-chartered banks, credit unions, and trust companies of recent regulatory actions. The document details the approval of trade name requests by Trust International Group LLC and Texas Bankers Insurance Agency, as well as branch and LPO establishment applications by North Star Community Credit Union and Bell Bank. Additionally, it notes that Capital Credit Union's merger with Flasher Credit Union remains in the comment period and sets the February 2024 usury rate for unregulated lenders at 10.505%.
BULLETIN APPLICATIONS 2.1.2024 Date Applicant Status
1/15/2024 Trust International Group LLC, Grand Forks—Request to use word “trust” in the registered trade name of the business. Approved by Commissioner 1/17/24 1/24/2024 Texas Bankers Insurance Agency, Inc., Austin, TX—Request to use word “bank” in registered trade name of the business. Approved by Commissioner 1/25/24 Name Waiver Branch 12/15/2023 North Star Community Credit Union, Maddock—Application to establish a facility located at 2150 15th St SW, Minot, ND. Approved by Commissioner 1/9/24 1/26/2024 Bell Bank, Fargo—Application to establish an LPO at 2632 US Highway 27 S, Sebring, FL Approved by Commissioner 1/30/24 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 February 2024 is 10.505%. LPO Merger 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.