Regulatory Alerts2024-06-01
Added · Updated
Monthly Bulletin — June 2024
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. The document details specific regulatory actions, including the approval of name waivers for entities like The Big Private Family Trust Company and Bank of England Mortgage, as well as the withdrawal of an interstate facility application by Border Bank. Additionally, it announces the July 2024 usury rate for unregulated lenders at 10.611% and lists several applications currently in the comment period or approved for facility closures and bylaw amendments.
BULLETIN APPLICATIONS 7.1.2024
Date Applicant Status The usury rate for unregulated lenders for the month of July 2024 is 10.611%. 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. Usury 6/10/2024 The Big Private Family Trust Company, LLC, Williston, ND—Request to use the word “Trust” in the registered trade name. Approved by Commissioner 6/11/2024 6/20/2024 Bank of England Mortgage, England, AR—Request to use word “bank” in registered trade name. Approved by Commissioner 6/21/2024 6/10/2024 Civista Bank, Sandusky, OH—Request to use the word “bank” in registered trade name. Approved by Commissioner 6/11/2024 4/19/2024 Bell Bank, Fargo, ND—Application to close facility located at 1850 E. Northrop Blvd, Chandler, AZ 85286. In Comment Period Facility Closure Name Waiver 6/12/2024 United Valley Bank, Cavalier, ND—Application to establish a LPO and DPO at 4809 38th St S. Suite 101, Fargo, ND. Approved by Commissioner 6/13/2024 LPO & DPO Interstate Facility / Branch 4/5/2024 Border Bank, Fargo, ND – Application to establish an interstate facility at 59644 Highway 11, Warroad, MN. Withdrawn 5/29/2024 Bravera Bank, Dickinson, ND—Application to establish an interstate facility at 1135 Euclid Avenue, Helena, MT. In Comment Period 6/12/2024 Bell Bank, Fargo, ND—Application to establish an interstate facility at 3683 S Val Vista Drive Gilbert, AZ. In Comment Period 5/13/2024 Capital Credit Union, Bismarck, ND—Request to amend bylaws Approved by the Board 6/7/2024 Bylaw Change