Regulatory Alerts2024-09-01
Added · Updated
Monthly Bulletin — September 2024
The North Dakota Department of Financial Institutions issued this bulletin to inform the public and financial institutions of pending applications by state-chartered banks, credit unions, and trust companies. The document details specific regulatory actions, including the approval of name waivers and local branch office establishments, while noting that facility closures and mergers remain in the comment period. Additionally, it announces the official usury rate for unregulated lenders for October 2024, which is set at 10.439%.
BULLETIN APPLICATIONS 10.1.2024 Date Applicant Status The usury rate for unregulated lenders for the month of October 2024 is 10.439.%. 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. 9/6/2024 Cade Michael Wahl Private Business Trust, Jamestown, ND—Request to use the word “Trust” in the registered trade name. Approved by the Commissioner 9/9/2024 Name Waiver Facility Closure 8/29/2024 First Western Bank & Trust, Minot, ND—Application to close facility at 4040 42nd St S, Fargo, ND. In Comment Period Trust Company 7/8/2024 Trust Company of the Dakotas (proposed name changed from Dakota Trust Company), Williston, ND—Application to establish a new trust company. Public hearing scheduled for 11/25/2024 at 1:00 PM at 1200 Memorial Hwy, Bismarck, ND LPO 9/6/2024 Bell Bank, Fargo, ND—Application to establish an LPO at 1428 West 28th Street, Minneapolis, MN. Approved by the Commissioner 9/16/2024 9/26/2024 Bell Bank, Fargo, ND—Application to relocate an LPO from 317 Paseo de Peralta, Santa Fe, NM, to 150 Washington Avenue, Ste 201, Santa Fe, NM. Approved by the Commissioner 9/26/2024 9/30/2024 Bell Bank, Fargo, ND—Application to amend LPO application to correct the address from 2632 US Highway 27 South, Sebring, FL to 2623 US Highway 27 South, Sebring, FL. Original application approved by the Commissioner 1/30/2024. Approved by the Commissioner 9/30/2024 Merger 9/3/2024 BankNorth, Arthur, ND—Application to merge Harwood State Bank, Harwood, ND with BankNorth. In Comment Period