Regulatory Alerts2023-03-01
Added · Updated
Monthly Bulletin — March 2023
The North Dakota Department of Financial Institutions issued this bulletin to inform the public and regulated entities of pending and approved applications for state-chartered banks, credit unions, and trust companies. The document details specific regulatory actions, including the approval of a $500,000 investment by Choice Financial Group and the closure of several First International Bank & Trust facilities. Additionally, the bulletin establishes the usury rate for unregulated lenders at 10.160% for April 2023.
BULLETIN APPLICATIONS 4.3.2023 Facility Closure Change of Control Investment
Usury
The usury rate for unregulated lenders the month of April 2023 is 10.160% 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 3/31/2023 First Financial Corporation (Holding Company of BankNorth), Arthur— Application to acquire HSB Financial Corporation, Harwood, ND; HSB Financial Corporation controls 100% of Harwood State Bank, Harwood, ND In Review 2/17/2023 Choice Financial Group, Fargo—Request approval to invest $500,000 in Amplio Economic Development Corporation Approved by the Board 3/8/2023 12/16/2022 First International Bank & Trust, Watford City—Application to close facility located at 143 Warrington Ave, Bowdon, ND Approved by the Commissioner 3/28/2023 12/16/2022 First International Bank & Trust, Watford City—Application to close facility located at 300 11th St W, Williston, ND Approved by the Commissioner 3/28/2023 2/16/2023 First International Bank & Trust, Watford City—Application to close facility located at 3101 N Broadway, Fargo, ND In Review 2/16/2023 First International Bank & Trust, Watford City—Application to close facility located at 4930 S Western Ave, Sioux Falls, SD In Review