2022-07-01

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Monthly Bulletin — July 2022

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 lists specific regulatory actions including facility approvals, article amendments, and merger reviews for institutions such as KodaBank and Bravera Bank. Additionally, it announces that the usury rate for unregulated lenders for August 2022 is set at 7.003%.

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BULLETIN APPLICATIONS 8.2.2022 Amend Articles of Association Facility Application Facility Closure Field of Membership Application LPO Merger Name Waiver Usury

The usury rate for unregulated lenders the month of August 2022 is 7.003% 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 7/5/2022 KodaBank, Drayton—Application to establish a facility at 3181 42nd St Approved by the Commissioner 4/19/2022 Western State Bank, Devils Lake—Application to amend Articles Approved by the Board 7/6/2022 5/18/2022 TruCommunity Bank, Garrison—Application to amend Articles Under Review 8/1/2022 Church of the Ascension—Bismarck Trustee, Inc., Bismarck—Request to use the word “trust” in the registered trade name of the business Approved by the Commissioner 8/1/2022 8/1/2022 United Valley Bank, Cavalier—Application to close Grand Forks facility location. Under Review 8/1/2022 Railway Credit Union, Mandan—Application to expand field of mem￾bership to include members and volunteers of the North Dakota Rail￾road Museum Under Review 6/15/2022 Bravera Bank, Dickinson—Application to merge United Community Bank into Bravera Bank In Comment Period 6/29/2022 Turtle Mountain State Bank, Belcourt—Application to establish an LPO at 201 Missouri Dr, Mandan, ND Under Review