Regulatory Alerts2023-10-01
Added · Updated
Monthly Bulletin — October 2023
The North Dakota Department of Financial Institutions issued its October 2023 Bulletin to inform the public and regulated entities of pending applications for state-chartered banks, credit unions, and trust companies. The document details specific regulatory actions, including the approval of a Deposit Processing Office for Turtle Mountain State Bank, a merger involving First Western Bank & Trust, and a loan production office relocation for Bell Bank. Additionally, the bulletin announces that the usury rate for unregulated lenders for November 2023 is set at 10.512% and notes that applications from United Savings Credit Union and Choice Financial Group remain in the comment period.
BULLETIN APPLICATIONS 10.31.2023 DPO Facility Relocation LPO Relocation Merger Usury
The usury rate for unregulated lenders the month of November 2023 is 10.512% 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 8/31/2023 Turtle Mountain State Bank, Belcourt—Application to establish a DPO at 201 Missouri Dr, Mandan. Approved by the Commissioner 9/15/23 6/29/2023 First Western Bank & Trust, Minot—Application to merge State Bank of Lismore, Lismore, MN, with and into First Western Bank & Trust. Approved by the Commissioner 10/27/23 9/1/2023 United Savings Credit Union, Fargo—Application to merge Freedom Community Credit Union, Fargo, with and into United Savings Credit Union. In Comment Period 10/26/2023 Bell Bank, Fargo—Application to relocate an LPO from 2001 Thomasville Road, Tallahassee, FL to 113 South Monroe St, Tallahassee, FL. Approved by the Commissioner 10/30/23 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