2021-07-01
Added · Updated
The North Dakota Department of Financial Institutions issued this bulletin to inform the public and regulated entities of various applications by state-chartered banks, credit unions, and trust companies. The document details specific regulatory actions including the approval of branch closures, bylaw amendments, change of control transactions, name changes, and usury rate adjustments for July 2021. It serves as an informational record of these administrative decisions rather than constituting formal legal notice of the applications.
This Bulletin informs North Dakota financial institutions and the public of applications by state-chartered banks, state-chartered 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. STATE OF NORTH DAKOTA DEPARTMENT OF FINANCIAL INSTITUTIONS 1200 MEMORIAL HIGHWAY BISMARCK ND 58504 701-328-9933 www.nd.gov/dfi BULLETIN August 2, 2021, APPLICATIONS Date Applicant Status BRANCH CLOSURE 4/26/2021 Choice Financial Group, Fargo - Application to close location in Medina, ND Approved by the Commissioner BYLAWS CHANGE 7/23/2021 Capital Credit Union, Bismarck – Request to amend bylaws Awaiting Board approval CHANGE OF CONTROL APPLICATION 5/14/2021 Ascensus Trust Company, Fargo – Application for Trident VIII, L.P., Trident VIII Parallel Fund, L.P., Trident VIII DE Parallel Fund, L.P., Trident VIII Professionals Fund, L.P., Mercury Parent Holdings, Inc., Mercury Intermediate I, Inc., Mercury Intermediate II, Inc., and Mercury Merger Sub, Inc. to indirectly acquire 25 percent or more of the shares and thereby control of Ascensus Trust Company, Fargo, ND, by merger of Mercury Merger Sub, Inc. with and into AqGen Island Holdings, Inc., the indirect parent holding company of Ascensus Trust Company Approved by the Board 7/8/2021 LPO APPLICATION 7/1/2021 First Financial Bank, El Dorado, AR – Request to establish an LPO and use the word “Bank” in corporate registration Approved by the Commissioner NAME CHANGE 6/25/2021 American Bancor, LTD, Dickinson – Request to change name to Bravera Holding Corp Approved by the Board 7/8/2021 6/25/2021 American Bank Center, Dickinson – Request to change name to Bravera Bank Approved by the Board 7/8/2021 6/25/2021 American Trust Center, Dickinson – Request to change name to Bravera Wealth Approved by the Board 7/8/2021 NAME WAIVER 7/8/2021 Border Bancshares, Inc., Fargo - Request to use the word “bank” in the registered trade name of the business Approved by the Commissioner 7/27/2021 Manufacturers and Traders Trust Company, Buffalo, NY - Request to use the word “trust” in the registered trade name of the business Approved by the Commissioner REQUEST TO HOLD INVESTMENT IN SERVICE CORPORATION 6/29/2021 Choice Financial Group, Fargo – Request for retroactive approval to invest in Propel Nonprofits Approved by the Board 7/8/2021 USURY The usury rate for unregulated lenders the month of July 2021 is 7.000%.