2022-03-01

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Monthly Bulletin — March 2022

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 approval of branch establishment requests by Hometown Credit Union and Capital Credit Union, as well as name usage requests by several entities. Additionally, the bulletin announces the usury rate for unregulated lenders for April 2022 and notes the retroactive capital reduction approval for the Commercial Bank of Mott.

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BULLETIN APPLICATIONS 4.1.2022 Branch/Facility Name Waiver Reduce Capital 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, state￾chartered 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 The usury rate for unregulated lenders the month of April 2022 is 7.00% 12/16/2021 Hometown Credit Union, Kulm—Application to establish a branch at 301 5th Ave SE, Medina, ND Approved by the Board 3/4/2022 1/26/2022 Capital Credit Union, Bismarck—Application to establish a branch at 5120 38th St S, Fargo, ND Approved by the Board 3/4/2022 3/2/2022 3650 Real Estate Investment Trust LLC, Miami, FL—Request to use the word “trust” in the registered trade name of the business Approved by the Commissioner 3/4/2022 3/4/2022 SeaTrust Mortgage, Wilmington, NC—Request to use the word “trust” in the registered trade name of the business Approved by the Commissioner 3/9/2022 3/15/2022 Reserva: The Youth Land Trust, Inc., Washington, D.C.—Request to use the word “trust” in the registered trade name of the business Approved by the Commissioner 3/15/2022 3/17/2022 Standard Custody and Trust Company, New York, NY—Request to use the word “trust” in the registered trade name of the business Approved by the Commissioner 3/18/2022 3/20/2022 Toyota Financial Savings Bank, Henderson, NV—Request to use the word “bank” in the registered trade name of the business Approved by the Commissioner 3/22/2022 3/29/2022 WORD BANK, Bismarck, ND—Request to use the word “bank” in the registered trade name of the business Approved by the Commissioner 3/29/2022 10/19/2021 Commercial Bank of Mott, Mott, ND—Request for retroactive approval to reduce capital Approved by the Board 3/22/2022