Regulatory Alerts2024-03-01
Added · Updated
Monthly Bulletin — March 2024
The North Dakota Department of Financial Institutions issued this bulletin to inform the public and regulated entities of pending applications for state-chartered banks, credit unions, and trust companies. The document details specific regulatory actions, including the denial of a trade name request by Commonwealth Community Trust and the approval for Trust for the National Mall. Additionally, it announces the April 2024 usury rate for unregulated lenders at 10.438% and notes that Cornerstone Bank's facility closure application is currently in the comment period.
BULLETIN APPLICATIONS 4.1.2024 Date Applicant Status
2/26/2024 Commonwealth Community Trust, Henrico, VA—Request to use the word “Trust” in registered trade name. Denied by the Commissioner 3/8/2024 3/12/2024 Trust for the National Mall, Washington, D.C. —Request to use the word “Trust” in registered trade name. Approved by the Commissioner 3/12/2024 The usury rate for unregulated lenders for the month of April 2024 is 10.438%. 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, 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. 3/8/2024 Cornerstone Bank, Fargo, ND—Application to close facility located at 2627 South University Drive, Fargo, ND. In comment period Facility Closure Name Waiver