Regulatory Alerts2023-06-01
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Monthly Bulletin — June 2023
The North Dakota Department of Financial Institutions issued this bulletin to inform the public and financial institutions of pending and approved applications for state-chartered banks, credit unions, and trust companies. The document details specific regulatory actions, including the approval of facility closures by Cornerstone Bank and Bell Bank, name waivers for The Bancorp Bank and Lutheran Trust, and the merger of United Community Bank into Bravera Bank. Additionally, the bulletin announces the usury rate for unregulated lenders for July 2023 as 10.409% and notes that an application by First Western Bank & Trust to merge State Bank of Lismore is currently under review.
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