2026-09-01
Added
The North Dakota Department of Financial Institutions reports that the State Credit Union Board approved First Community Credit Union's request to establish two interstate branches in Minnesota. A loan production office application by Bell Bank was approved by the Commissioner, while an application by Ascensus Trust Company regarding a change of control is awaiting a Board decision and Choice Financial Group's branch relocation request is in the comment period. Additionally, the bulletin sets the usury rate for unregulated lenders at 9.293% for October 2026.
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BULLETIN
APPLICATIONS 10.1.2026
Date Received Applicant Status
Change of Control
8/21/2026 Ascensus Trust Company, Fargo – Application for certain investment funds advised and managed by Stone Point Capital LLC and certain funds advised and managed by Genstar Capital Partners LLC, for permission to indirectly acquire 25 percent or more of the shares of, and thereby control, Ascensus Trust Company, through the merger of GC Hermes Holdings Inc., with and into Mercury Parent Holdings, Inc., the trust company’s indirect parent holding company. Awaiting Board Decision Interstate Branch 7/21/2026 First Community Credit Union, Jamestown, ND – Request to establish two interstate branches at 210 Main Ave S, Red Lake Falls, MN and 47 County Rd 113 N, Mentor, MN. Both branches will be purchased from Unity Bank, Augusta, WI. Approved by the State Credit Union Board on 9/24/2026 Loan Production Office 9/24/2026 Bell Bank, Fargo – Request to establish a loan production office at 13700 Reimer Drive North, Maple Grove, MN. Approved by the Commissioner 9/24/2026 Relocate Branch 9/22/2026 Choice Financial Group d/b/a Choice Bank, Fargo, ND – Application to relocate interstate branch from 4470 West 78 th Street Circle, Bloomington, MN to 7600 France Avenue South, Edina, Minnesota. In Comment Period Usury Rate The usury rate for unregulated lenders for the month of October 2026 is 9.293%. 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.
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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