2021-01-01
Added · Updated
The North Dakota Department of Financial Institutions issued this bulletin to inform the public of recent applications by state-chartered banks, credit unions, and trust companies. The document details the approval of branch relocation requests by Starion Bank and Cornerstone Bank, as well as a change of control for Napoleon Bancorporation and a merger involving KodaBank. Additionally, the bulletin announces the usury rate for unregulated lenders for February 2021 and notes pending status for other merger 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 2000 SCHAFER STREET, SUITE G BISMARCK ND 58501-1204 701-328-9933 www.nd.gov/dfi BULLETIN February 1, 2021, APPLICATIONS Date Applicant Status BRANCH RELOCATION APPLICATION 12-22-2020 Starion Bank, Bismarck – Application to relocate the Monona, WI facility to 1574 West Broadway, Suite 107, Madison, WI Approved by the Commissioner on 1-27-21 1-21-2021 Cornerstone Bank, Fargo – Application to relocate facilities located at 2112 N 12th Street, Bismarck, ND and 600 S 2nd Street, Suite 100, Bismarck, ND to 1806 N 12th Street, Bismarck, ND Approved by the Commissioner on 1-27-21 CHANGE OF CONTROL 12-14-2020 Napoleon Bancorporation, Inc., Napoleon – Application for retroactive change of control for Steven and Laurel Klefstad to retain voting shares and thereby remain members of the McLaen family shareholder group Approved by the Board on 1-14-21 MERGER APPLICATION 11-23-2020 United Valley Bank, Cavalier – Application to merge with Northern Sky Bank, Crookston, MN, under the title and charter of United Valley Bank Awaiting additional information 12-1-2020 KodaBank, Drayton – Application to merge Bank of Hamilton, Hamilton, with and into KodaBank Approved by the Board on 1-14-21 1-29-2021 Unison Bank, Jamestown – Application to merge Security State Bank, Wishek, with and into Unison Bank In Review USURY The usury rate for unregulated lenders the month of February 2021 is 5.605%.