Regulatory Alerts2021-04-01
Added · Updated
North Dakota Department of Financial Institutions Bulletin May 3, 2021
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 specific regulatory actions, including the approval of interstate branches by First International Bank & Trust and Bell Bank, a pending change of control for The Citizens State Bank of Finley, and the closure of a Choice Financial Group location. Additionally, the bulletin lists approved name waivers, a relocated LPO, and sets the April 2021 usury rate for unregulated lenders at 5.571%.
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 May 3, 2021, APPLICATIONS Date Applicant Status APPLICATION TO ESTABLISH AN INTERSTATE BRANCH 3/10/2021 First International Bank & Trust, Watford City – Application to establish an interstate branch at 4930 S Western Ave, Suite 100, Sioux Falls, SD Approved by the Commissioner 4/2/2021 3/29/2021 Bell Bank, Fargo – Application to establish an interstate branch at 40 South 7th Street, Suite 265, Minneapolis, MN Approved by the Commissioner 4/30/2021 3/29/2021 Bell Bank, Fargo – Application to establish an interstate branch at 8349 W Bell Road, Peoria, AZ Approved by the Commissioner 4/23/2021 BRANCH CLOSURE 4/26/2021 Choice Financial Group, Fargo - Application to close location in Medina, ND In Comment Period CHANGE OF CONTROL APPLICATION 3/3/2021 American Bancor, Ltd., Dickinson - Application to acquire 100% of the shares and thereby control of The Citizens State Bank of Finley, Finley, ND Awaiting Approval LPO RELOCATION APPLICATION 4/7/2021 Bell Bank, Fargo – Application to relocate LPO from 7500 College Blvd, 5th Floor, Office 515, Overland Park, KS to 11095 Metcalf Ave, Suite 11015, Overland, KS Approved by the Commissioner 4/12/2021 REQUEST TO HOLD INVESTMENT IN SERVICE CORPORATION 4/30/2021 First International Bank & Trust, Watford City – Request for retroactive approval of investment in Alkami Technology Awaiting Approval NAME WAIVER 4/12/2021 Just Trust Christ Approved by the Commissioner 4/12/2021 4/14/2021 Bell Bank, Fargo Approved by the Commissioner 4/14/2021 4/28/2021 Integrated Bank Technology, Inc. Approved by the Commissioner 4/28/2021 USURY The usury rate for unregulated lenders the month of April 2021 is 5.571%.