Regulatory Alerts2025-06-01
Added · Updated
North Dakota Department of Financial Institutions Bulletin — July 2025
The North Dakota Department of Financial Institutions issued this bulletin to inform the public of various applications by state-chartered banks, credit unions, and trust companies. Key actions include the approval of Heartland Trust Company's new branch and several name waiver requests, while applications from Bravera Bank and First Holding Company remain under review or in the comment period. Additionally, the document establishes the usury rate for unregulated lenders at 9.622% for July 2025.
Date Applicant Status Branch 5/2/2025 Heartland Trust Company, Fargo, ND—Application to establish a trust branch at 1551 28th Ave S, Suite G, Grand Forks, ND. Approved 6/24/2025. BULLETIN APPLICATIONS 07.01.2025 Interstate Branch 3/5/2025 Bravera Wealth, Dickinson, ND—Application to establish an interstate trust branch at 11102 57th St NE, Albertville, MN. In review. 6/2/2025 First Western Bank & Trust, Minot, ND—Application to establish an interstate branch at 3001 N Alma School Road, Chandler, AZ. In review. Name Waiver Change of Control 6/16/2025 First Holding Company of Cavalier, Inc., Cavalier, ND—Retroactive Change of Control Application for Blake Trenbeath to join the Mayo Family Shareholder group, a group acting in concert, which controls 25 percent or more of the company. First Holding Company of Cavalier, Inc. is the parent company of United Valley Bank, Cavalier, ND. In comment period. Merger 6/17/2025 Bravera Bank, Dickinson, ND—Application to merge VISIONBank, Fargo, ND with and into Bravera Bank. In comment period. The usury rate for unregulated lenders for the month of July 2025 is 9.622%. 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. 6/3/2025 Bravera Holdings Corp., Dickinson, ND—Request to use the word “bank” in assumed name “Vision Bank Holdings.” Approved by the Commissioner 6/16/2025. 6/16/2025 Trusty Partner LLC, Fargo, ND—Request to use the word “trust” in the registered trade name. Approved by the Commissioner 6/17/2025. 6/16/2025 Trust T Trucking, Inc., Sidney, MT—Request to use the word “trust” in the registered trade name. Approved by the Commissioner 6/17/2025. 6/23/2025 Paxos Trust Corporation, LLC, New York, NY—Request to use the word “trust” in the registered trade name. In review. 6/27/2025 Trusted Circle Transportation LLC, Fargo, ND—Request to use the word “trust” in the registered trade name. Approved by the Commissioner 6/30/2025.