Regulatory Alerts2024-07-01
Added · Updated
Monthly Bulletin — July 2024
The North Dakota Department of Financial Institutions issued this bulletin to inform the public and financial institutions of recent regulatory actions regarding state-chartered banks, credit unions, and trust companies. The document details the approval of several applications, including name waivers for private and charitable trusts, the closure of a Bell Bank facility in Arizona, and the establishment of interstate facilities by Bravera Bank and Bell Bank. Additionally, the bulletin notes that an application by Dakota Trust Company to establish a new trust company remains under review.
BULLETIN APPLICATIONS 8.1.2024 Date Applicant Status The usury rate for unregulated lenders for the month of August 2024 is 10.613.%. 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. 7/2/2024 Larry Orlan Wahl Private Business Trust and Patricia Paulette Wahl Private Business Trust, Jamestown, ND – Request to use the word “Trust” in the registered trade name. Approved by the Commissioner 7/3/2024 7/15/2024 The Special Forces Chartable Trust, Southern Pines, NC—Request to use the word “Trust” in the registered trade name. Approved by the Commissioner 7/23/2024 7/11/2024 U.S. Charitable Gift Trust, Boston, MA – Request to use the word “Trust” in the registered trade name. Approved by the Commissioner 7/15/2024 7/31/2024 Dacotah Banks, Inc., Aberdeen, SD—Request to use the word “Bank” in the registered trademark/service mark “The Bank for Business Owners”. Approved by the Commissioner 8/1/2024 4/19/2024 Bell Bank, Fargo, ND—Application to close facility located at 1850 E. Northrop Blvd, Chandler, AZ 85286. Approved by the Commissioner 7/30/2024 Facility Closure Name Waiver Interstate Facility / Branch 5/29/2024 Bravera Bank, Dickinson, ND—Application to establish an interstate facility at 1135 Euclid Avenue, Helena, MT. Approved by the Commissioner 7/15/2024 6/12/2024 Bell Bank, Fargo, ND—Application to establish an interstate facility at 3683 S Val Vista Drive Gilbert, AZ. Approved by the Commissioner 7/8/2024 Trust Company 7/8/2024 Dakota Trust Company, Williston, ND—Application to establish a new trust company. In Review