Regulatory Alerts2025-10-01
Added · Updated
Monthly Bulletin — October 2025
The North Dakota Department of Financial Institutions issued this bulletin to inform the public and state-chartered financial institutions of recent regulatory actions and applications. The document details the approval of various requests, including changes of control, trade name modifications, and the establishment of interstate branches and loan production offices. Additionally, it announces the November 2025 usury rate for unregulated lenders and notes that a public hearing for a new trust company application is scheduled for January 2026.
BULLETIN APPLICATIONS 11.03.2025 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. The usury rate for unregulated lenders for the month of November 2025 is 9.460%. Usury Date Applicant Status Name Waiver Change of Control 6/16/2025 First Holding Company of Cavalier, Inc., Cavalier, ND—Retroactive Change of Control Application for Blake Trenbeath to join the Mayo Family Shareholder group, a group acting in concert, which controls 25 percent or more of the company. First Holding Company of Cavalier, Inc. is the parent company of United Valley Bank, Cavalier, ND. Approved by the Commissioner 10/17/2025 10/2/2025 Trusted Transport LLC, Underwood, ND—Request to use the word “trust” in the registered trade name. Approved by the Commissioner 10/7/2025 10/8/2025 Imara Trust Logistics, Minot, ND—Request to use the word “bank” in the registered trade name. Approved by the Commissioner 10/10/2025 10/22/2025 Chicamacomico Banks Transportation, Inc., Plaza, ND—Request to use the word “bank” in the registered trade name. Approved by the Commissioner 10/23/2025 Request Approval of Tax Equity Investment 10/28/2025 Bell Bank, Fargo, ND—Request for approval of equity investment in Limited Liability Company pursuant to NDCC § 6-3-02.3 (Parity for State and National Banks). Awaiting Board Decision Interstate Branch 10/8/2025 Bravera Bank, Dickinson, ND—Application to establish an interstate branch at 495 Main Street, Billings, MT. Approved by the Commissioner 10/31/2025 Loan Production Office 10/24/2025 Bell Bank, Fargo, ND—Application to establish an LPO at 4848 S 76th St, Greenfield, WI. Approved by the Commissioner 10/30/2025 Trust Company 7/16/2025 Trust Company of the Dakotas, Minot, ND—Application to establish a new trust company. Public hearing scheduled for 1/7/2026 at 1:00 PM at 1600 E Century Ave, Bismarck, ND.