2023-05-01
Added · Updated
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. Key approvals include Railway Credit Union's field of membership expansion, First Financial Corporation's acquisition of HSB Financial Corporation, and a name waiver for Cut Bank Creek Quarter Horses. Several facility closure applications and a merger remain in the comment period while the bulletin also announces the June 2023 usury rate for unregulated lenders.
BULLETIN APPLICATIONS 6.5.2023 Change of Control Facility Closure Field of Membership Expansion Merger Name Waiver
Usury
The usury rate for unregulated lenders the month of June 2023 is 10.331% 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 5/8/2023 Railway Credit Union, Mandan, ND —Application to expand Field of Membership to include Active Members and Veterans of the U.S. Military service branches Approved by the Board 6/2/2023 2/16/2023 First International Bank & Trust, Watford City—Application to close facility located at 3101 N Broadway, Fargo, ND Approved by the Commissioner 5/30/2023 2/16/2023 First International Bank & Trust, Watford City—Application to close facility located at 4930 S Western Ave, Sioux Falls, SD Approved by the Commissioner 5/30/2023 4/26/2023 Cornerstone Bank, Fargo—Application to close facility located at 221 Main Street, Makoti, ND In Comment Period 5/8/2023 Bell Bank, Fargo—Application to close facility located at 214 5th St N, Breckenridge, MN In Comment Period 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 Approved by the Commissioner 5/8/2023 5/11/2023 Cut Bank Creek Quarter Horses and Cut Bank Creek Miniatures, Upham, ND —Request to use the word “bank” in the registered trade name of the business Approved by the Commissioner 5/11/2023 4/26/2023 Bravera Bank, Dickinson—Application to merge United Community Bank, Leeds, with and into Bravera Bank In Comment Period