2022-06-01
Added · Updated
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 bylaw amendments, name waivers, facility establishments, mergers, and changes in control. Additionally, it announces that the usury rate for unregulated lenders for July 2022 is set at 7.00%.
BULLETIN APPLICATIONS 7.1.2022 Amend Articles of Association Bylaws Changes Change in Control Facility Application LPO Application Merger Name Waiver Usury The usury rate for unregulated lenders the month of July 2022 is 7.00% 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 4/27/2022 First Community Credit Union—Application to amend bylaws Approved by the Board 6/23/2022 4/19/2022 Western State Bank, Devils Lake—Application to amend Articles Awaiting Board Action 5/18/2022 TruComunnity Bank, Garrison—Application to amend Articles Under Review 6/8/2022 OneTrust LLC, Atlanta, GA—Request to use the word “trust” in the registered trade name of the business Approved by the Commissioner 6/9/2022 6/15/2022 Trusted Land Transfer LLC, Plano, TX—Request to use the word “trust” in the registered trade name of the business Approved by the Commissioner 6/16/2022 6/15/2022 Island Housing Trust, Denver, CO—Request to use the word “trust” in the registered trade name of the business Approved by the Commissioner 6/23/2022 6/22/2022 Yellowstone Bank, Billings, MT—Request to use the word “banker” in the registered trade name of the business Approved by the Commissioner 6/23/2022 4/29/2022 BankNorth, Arthur—Application for Williams Family 2021 Irrevocable Trust Agreement, Casselton, ND, of which James L. Williams III, is the sole trustee, to retain control of 10 percent or more of the shares and thereby control of First Financial Corporation, Arthur, ND, and thereby join the Williams Family Group, which controls 25 percent or more of the company. First Financial Corporation is the parent company of BankNorth. Approved b y the Commissioner 6/9/2022 5/9/2022 First Western Bank & Trust, Minot—Application to establish a facility at 1414 12th Ave North, Fargo, ND Approved by the Commissioner 6/9/2022 6/3/2022 Cornerstone Bank, Fargo—Application to establish a facility at 415 20th Avenue SW, Minot, ND Approved by the Commissioner 6/27/2022 6/3/2022 First United Bank, Park River—Application to merge Ramsey National Bank, Devils Lake, ND into First United Bank Awaiting Board Action 6/15/2022 Bravera Bank, Dickinson—Application to merge United Community Bank into Bravera Bank In Comment Period 6/13/2022 Choice Bank, Fargo—Application to establish an LPO at 2651 N Chestnut Cir, Mesa, AZ Approved by the Commissioner 6/13/2022 6/27/2022 Bell Bank, Fargo—Application to establish an LPO at 5571 Odana Road, Madison, WI Approved by the Commissioner 6/28/2022