2021-06-01
Added · Updated
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 interstate branch and facility applications by Western State Bank, First International Bank & Trust, Bell Bank, Border Bank, and First Western Bank & Trust, while noting pending status for several change of control, name change, and investment requests. Additionally, the bulletin announces the usury rate for unregulated lenders for June 2021 as 7.000%.
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 July 1, 2021, APPLICATIONS Date Applicant Status APPLICATION TO ESTABLISH AN INTERSTATE BRANCH 5/14/2021 Western State Bank, Devils Lake – Application to establish an interstate branch at 22601 N 19th Ave, Phoenix, AZ Approved by the Commissioner 5/26/2021 First International Bank & Trust, Watford City – Application to establish an interstate branch at 3600 Minnesota Dr, Ste 70, Edina, MN Approved by the Commissioner 5/26/2021 Bell Bank, Fargo – Application to establish an interstate branch at 3800 American Blvd W, Bloomington, MN Approved by the Commissioner APPLICATION TO ESTABLISH A FACILITY 6/3/2021 Border Bank, Fargo – Application to establish a facility at 3203 32nd Ave S, Ste 100, Fargo, ND Approved by the Commissioner BRANCH CLOSURE 4/26/2021 Choice Financial Group, Fargo - Application to close location in Medina, ND In Comment Period 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 Awaiting Board Approval LPO APPLICATION 6/7/2021 First Western Bank & Trust, Minot – Application to establish an LPO at 320 S Phillip Ave, Suite 201, Sioux Falls, SD Approved by the Commissioner NAME CHANGE 6/25/2021 American Bancor, LTD, Dickinson – Request to change name to Bravera Holding Corp Awaiting Board Approval 6/25/2021 American Bank Center, Dickinson – Request to change name to Bravera Bank Awaiting Board Approval 6/25/2021 American Trust Center, Dickinson – Request to change name to Bravera Wealth Awaiting Board Approval NAME WAIVER 6/16/2021 Peoples Bank – Request to use the word “bank” 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 Awaiting Board Approval USURY The usury rate for unregulated lenders the month of June 2021 is 7.000%.