Regulatory Alerts2021-08-01
Added · Updated
North Dakota Department of Financial Institutions Bulletin — September 1, 2021
The North Dakota Department of Financial Institutions issued this bulletin to inform the public of pending and approved applications from state-chartered banks, credit unions, and trust companies. Key actions include the approval of facility relocations and name waivers, while branch establishment and merger applications remain in the comment period or await board approval. The document also establishes the usury rate for unregulated lenders at 7.000% for August 2021.
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 September 1, 2021, APPLICATIONS Date Applicant Status BRANCH 8/26/2021 American Trust Center, Dickinson – Application to establish a branch at 918 Burrel Ave SE, Cooperstown, ND In comment period BYLAWS CHANGE 7/23/2021 Capital Credit Union, Bismarck – Request to amend bylaws Awaiting Board approval 8/6/2021 Western Cooperative Credit Union, Williston – Request to amend bylaws Awaiting Board approval FACILITY RELOCATION 8/11/2021 Bank Forward, Hannaford – Application to relocate two facilities in Grand Forks, ND to 4651 South Columbia Road, Grand Forks, ND Approved by the Commissioner MERGER APPLICATION 8/23/2021 American Bank Center, Dickinson – Application to merge The Citizens State Bank of Finley, Finley, into American Bank Center In comment period NAME WAIVER 8/16/2021 New York Community Bank, Hicksville, NY – Request to use the word “bank” in the registered trade name of the business Approved by the Commissioner USURY The usury rate for unregulated lenders the month of August 2021 is 7.000%.