Regulatory Alerts2025-05-01
Added · Updated
Monthly Bulletin — May 2025
The North Dakota Department of Financial Institutions issued Bulletin 06.02.2025 to inform the public of pending applications by state-chartered banks, credit unions, and trust companies. The document details the approval of Capital Credit Union's branch application in Fargo and a name waiver for Peninsula Open Space Trust, while noting that Heartland Trust Company and Bravera Wealth remain under review. Additionally, the bulletin establishes the usury rate for unregulated lenders at 9.634% for June 2025.
Date Applicant Status
The usury rate for unregulated lenders for the month of June 2025 is 9.634%. 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. Branch 5/8/2025 Capital Credit Union, Bismarck, ND—Application to establish a branch at 3137 32nd Ave S, Fargo, ND. Approved by the Commissioner 5/30/2025. 5/2/2025 Heartland Trust Company, Fargo, ND—Application to establish a trust branch at 1551 28th Ave S, Suite G, Grand Forks, ND. In comment period. BULLETIN APPLICATIONS 06.02.2025 Interstate Branch 3/5/2025 Bravera Wealth, Dickinson, ND—Application to establish an interstate trust branch at 11102 57th St NE, Albertville, MN. In review. Name Waiver 5/30/2025 Peninsula Open Space Trust, Palo Alto, CA—Request to use the word “Trust” in the registered trade name. Approved by the Commissioner 5/30/2025.