Regulatory Alerts2022-11-01
Added · Updated
Monthly Bulletin — November 2022
The North Dakota Department of Financial Institutions issued this bulletin to inform the public of pending and approved applications by state-chartered banks, credit unions, and trust companies. The document details specific regulatory actions, including the approval of a name waiver for The Forest Trust, the merger of Dakota Telco Federal Credit Union into United Savings Credit Union, and the review of facility closures and articles of association amendments. Additionally, the bulletin establishes the usury rate for unregulated lenders at 8.853% for December 2022.
BULLETIN APPLICATIONS 12.1.2022 Amend Articles of Association Facility Closure Merger Name Waiver Usury The usury rate for unregulated lenders the month of December 2022 is 8.853% 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 11/28/2022 THE FOREST TRUST, INCORPORATED, Boonville, CA—Request to use the word “trust” in the registered trade name of the business Approved by the Commissioner 11/28/2022 10/20/2022 United Savings Credit Union, Fargo—Application to merge Dakota Telco Federal Credit Union with and into United Savings Credit Union Awaiting Board Decision 9/21/2022 Choice Bank, Fargo—Application to close facility located at 1313 Skyline Blvd, Bismarck, ND In Comment Period 11/17/2022 Peoples State Bank, Westhope—Application to amend Articles Under Review