Regulatory Alerts2023-11-01
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Monthly Bulletin — November 2023
The North Dakota Department of Financial Institutions issued this bulletin to inform the public and financial institutions of pending applications from state-chartered banks, credit unions, and trust companies. The document details specific regulatory actions, including the approval of United Savings Credit Union's merger with Freedom Community Credit Union and Bell Bank's establishment of a Loan Production Office. Additionally, it lists several applications currently under review or in the comment period, such as facility relocations, interstate branch expansions, and another proposed merger involving Bravera Bank.
BULLETIN APPLICATIONS 12.1.2023 Facility Facility Relocation LPO Interstate Branch Merger Usury
The usury rate for unregulated lenders the month of December 2023 is 10.559% 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 11/16/2023 The Union Bank, Beulah—Application to establish a facility located at 113 1st Ave NW, Beulah. In Review 9/1/2023 United Savings Credit Union, Fargo—Application to merge Freedom Community Credit Union, Fargo, with and into United Savings Credit Union. Approved by the Board 12/1/23 11/7/2023 Bravera Bank, Dickinson—Application to merge Financial Security Bank, Kerkhoven, MN with and into Bravera Bank. In Comment Period 11/3/2023 Bell Bank, Fargo—Application to establish an interstate branch located at 6838 N 58th Dr, Glendale, AZ. In Review 11/14/2023 Bell Bank, Fargo—Application to establish an LPO located at 2901 SW Burlingame Rd, Topeka, KS. Approved by the Commissioner 11/14/23 10/11/2023 Choice Financial Group, Fargo—Application to relocate a facility from 207 E Front Ave, Bismarck to 1050 E Interstate Ave, Bismarck. In Comment Period