Regulatory Alerts2021-09-01
Added · Updated
Monthly Bulletin — September 2021
The North Dakota Department of Financial Institutions issued this bulletin to inform the public and financial institutions of recent regulatory actions regarding state-chartered banks, credit unions, and trust companies. The document details the Commissioner's approval of various applications, including branch establishments, limited purpose office locations, bylaw amendments, and mergers. Additionally, it announces the approved use of specific trade names and sets the usury rate for unregulated lenders at 7.00% for October 2021.
BULLETIN APPLICATIONS 10.8.2021 Branch Bylaws LPO Application Merger Application Name Waiver 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. Date Applicant Status 8/26/2021 American Trust Center, Dickinson—Application to establish a branch at 918 Burrel Ave SE, Cooperstown, ND Approved by the Commissioner 10/8/21 The usury rate for unregulated lenders the month of October 2021 is 7.00% 7/23/2021 Capital Credit Union, Bismarck—Request to amend bylaws Approved by the Board 9/3/21 8/6/2021 Western Cooperative Credit Union, Williston—Request to amend bylaws Approved by the Board 9/3/21 9/22/2021 Bell Bank, Fargo—Application to establish an LPO at 200 Union Blvd, Ste 200, Lakewood, CO Approved by the Commissioner 9/22/21 9/27/2021 Bell Bank, Fargo—Application to establish an LPO at 1893 Station Parkway NW, Andover, MN Approved by the Commissioner 9/27/21 9/30/2021 Merchants Bank, Rugby—Application to establish an LPO and DPO at 649 Knutson St, Mapleton, ND Approved by the Commissioner 9/30/21 8/23/2021 American Bank Center, Dickinson—Application to merge The Citizens State Bank of Finley, Finley, into American Bank Center Approved by the Commissioner 10/8/21 9/15/2021 Food Bank of Larimer County, Loveland, CO—Request to use the work “bank” in the registered trade name of the business Approved by the Commissioner 9/16/21 9/3/2021 Advocacy Trust LLC, Chattanooga, TN—Request to use the word “trust” in the registered trade name of the business Approved by the Commissioner 9/16/21 10/7/2021 TS Bank, Treynor, IA—Request to use the word “bank” in the registered trade name of the bank Approved by the Commissioner 10/8/21