Regulatory Alerts2026-06-01
Added · Updated
Monthly Bulletin — June 2026
The North Dakota Department of Financial Institutions issued this bulletin to inform the public of regulatory actions regarding state-chartered banks, credit unions, and trust companies. The document details approvals for various applications, including amendments to articles of incorporation, bylaw changes, changes of control, and the establishment of interstate branches and loan production offices. Additionally, the bulletin announces the usury rate for unregulated lenders for July 2026 and notes that certain requests remain under review.
BULLETIN APPLICATIONS 7.1.2026 Amendment to Articles 5/26/2026 United Valley Bank, Cavalier, ND – Request to amend Articles of Incorporation. Approved by the State Banking Board 7/1/2026 Branch 5/27/2026 Heartland Trust Company, Fargo, ND – Request to establish a trust branch at 2601 12th Ave S, Fargo, ND. Approval not required Bylaw Change 3/30/2026 First Community Credit Union, Jamestown, ND – Request to amend bylaws. Approved by the State Credit Union Board 6/18/2026 Change of Control 5/12/2026 First Holding Company of Cavalier, Inc., Cavalier, ND – Change of Control Application for Robert J. Mahar to join the Mahar Family Shareholder Group, a group acting in concert, which collectively controls more than 10 percent of the shares of the company. First Holding Company of Cavalier, Inc. is the parent company of United Valley Bank, Cavalier, ND. Approved by the Commissioner 6/30/2026 Field of Membership Expansion 5/14/2026 Railway Credit Union, Mandan, ND – Application to expand Field of Membership to include First Responders. Approved by the State Credit Union Board 6/18/2026 Interstate Branch 4/20/2026 Cornerstone Bank, Fargo, ND – Application to establish an interstate branch at 3307 7th Ave SE, Aberdeen, SD. Approved by the Commissioner 6/2/2026 6/29/2026 First Western Bank & Trust, Minot, ND – Request to establish an interstate branch at 490 West Willow Street, Harrisburg, SD. In review Loan Production Office 6/9/2026 Bell Bank, Fargo, ND – Application to establish a loan production office at 312 SW Main Street, Lee’s Summit, MO. Approved by the Commissioner 6/11/2026 Name Waiver 6/1/2026 MVB Bank, Inc., Fairmont, WV– Request to use the word “Bank” in the registered trade name. Approved by the Commissioner 6/2/2026 6/25/2026 Union Leasing Trust, Oak Brook, IL – Request to use the word “Trust” in the registered trade name. Approved by the Commissioner 6/26/2026 Request to Hold Investment in Service Corporation 6/23/2026 First International Bank & Trust, Watford City, ND – Request to invest in Rebolt Financial Technologies, LLC. Approved by State Banking Board 7/1/2026 Usury Rate The usury rate for unregulated lenders for the month of July 2026 is 9.093%. 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.