Regulatory Alerts2025-01-01
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Monthly Bulletin — January 2025
The North Dakota Department of Financial Institutions issued this bulletin to inform the public and financial institutions of recent applications by state-chartered banks, credit unions, and trust companies. Key actions include the approval of name waivers for TBK Bank and Richard Monson Charitable Trust, as well as the State Banking Board's approval of Bell Bank's tax equity investment and The Union Bank's articles of incorporation amendment. Additionally, the document notes that a public hearing is scheduled for January 7, 2026, regarding Trust Company of the Dakotas' application to establish a new trust company.
Date Applicant Status
The usury rate for unregulated lenders for the month of December 2025 is 9.388%. 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. BULLETIN APPLICATIONS 12.01.2025 Name Waiver 11/19/2025 TBK Bank, SBB, Dallas, TX—Request to use the word “bank” in the registered trade name. Approved by the Commissioner 11/20/2025 11/26/2025 Richard Monson Charitable Trust, Bismarck, ND—Request to use the word “trust” in the registered trade name. In Review Request Approval of Tax Equity Investment 10/28/2025 Bell Bank, Fargo, ND—Request for approval of equity investment in Limited Liability Company pursuant to NDCC § 6-3-02.3 (Parity for State and National Banks). Approved by the State Banking Board on 11/12/2025 Trust Company 7/16/2025 Trust Company of the Dakotas, Minot, ND—Application to establish a new trust company. Public hearing scheduled for 1/7/2026 at 1:00 PM at 1600 E Century Ave, Bismarck, ND Request to Amend Articles of Incorporation 11/7/2025 The Union Bank, Beulah, ND—Request to amend Articles of Incorporation. Approved by the State Banking Board on 11/12/2025