Regulatory Alerts2024-05-01
Added · Updated
Monthly Bulletin — May 2024
The North Dakota Department of Financial Institutions issued this bulletin to inform the public and financial institutions of pending applications by state-chartered banks, credit unions, and trust companies. The document details specific regulatory actions, including the approval of name waivers for entities like Crown Realtors and Kimberly Von Bank, and the relocation of Bell Bank's main office and facilities. Additionally, it lists applications under review or in comment periods for interstate facilities by Border Bank and Bravera Bank, alongside a bylaw amendment request from Capital Credit Union.
BULLETIN APPLICATIONS 5.31.2024
Date Applicant Status The usury rate for unregulated lenders for the month of June 2024 is 10.610%. 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. Usury 5/3/2024 Crown Realtors, LLC d/b/a Coldwell Banker Commercial Crown, Alexandria, MN—Request to use the word “Banker” in the registered trade name. Approved by the Commissioner 5/3/2024 5/9/2024 Kimberly Von Bank, West Fargo, ND—Request to use the word Banker in registered trade name. Approved by the Commissioner 5/13/2024 5/3/2024 Agrarian Land Trust, Pembroke, ME—Request to use the word “Trust” in the registered trade name. Approved by the Commissioner 5/6/2024 4/19/2023 Bell Bank, Fargo, ND—Application to close facility located at 1850 E. Northrop Blvd, Chandler, AZ 85286. Under Review Facility Closure Name Waiver 4/17/2024 Bell Bank, Fargo, ND – Application to relocate its main office from 3100 13th Ave S, Fargo, ND to 520 Main Ave, Fargo, ND. Approved by the Board 5/20/2024 Relocate Main Office 4/17/2024 Bell Bank, Fargo, ND – Application to relocate its facility from 15 Broadway N, Fargo, ND to 520 Main Ave, Fargo, ND. Approved by Commissioner 5/13/2024 Facility Relocation Interstate Facility/Branch 4/5/2024 Border Bank, Fargo, ND – Application to establish an interstate facility at 59644 Highway 11, Warroad, MN. Under Review 5/29/2024 Bravera Bank, Dickinson, ND—Application to establish an interstate facility at 1135 Euclid Avenue, Helena, MT. In Comment Period 5/13/2024 Capital Credit Union, Bismarck, ND—Request to amend bylaws Awaiting Board Approval Bylaw Change