Rule · NDDFI · 1 Sep 2023
The North Dakota Department of Financial Institutions issued this bulletin to inform the public of applications by state-chartered banks, credit unions, and trust companies. The document details the approval of several name waiver requests and a new local branch application, while noting that two merger applications remain under review. Additionally, the bulletin establishes the usury rate for unregulated lenders at 10.644% for October 2023.
BULLETIN
APPLICATIONS
10.2.2023
LPO
Merger
Name Waiver
Usury
The usury rate for unregulated lenders the month of October 2023 is 10.644% 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 9/14/2023 Bell Bank, Fargo—Application to establish an LPO located at 4840 Bob Billings Parkway, Lawrence, KS. Approved by the Commissioner 9/14/23 9/6/2023 Open Space Institute Land Trust, Inc., New York, NY—Request to use the word “trust” in the registered trade name of the business. Approved by the Commissioner 9/7/23 9/8/2023 Cut Bank Enterprises, Mohall, ND—Request to use the words “bank” and “trust” in the registered trade name of the business. Approved by the Commissioner 9/15/23 9/28/2023 The Land Trust Alliance, Inc., Washington, DC—Request to use the word “trust” in the registered trade name of the business. Approved by the Commissioner 9/28/23 6/29/2023 First Western Bank & Trust, Minot—Application to merge State Bank of Lismore, Lismore, MN, with and into First Western Bank & Trust. 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 In Review
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Source: North Dakota Department of Financial Institutions — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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