2021-05-01
Added · Updated
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. The document details specific actions including approved change of control and LPO relocation applications, pending interstate branch establishment requests, and a branch closure. Additionally, it announces the usury rate for unregulated lenders for May 2021 as 5.559%.
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 June 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 In Comment Period 5/26/2021 First International Bank & Trust, Watford City – Application to establish an interstate branch at 3600 Minnesota Dr, Ste 70, Edina, MN In Comment Period 5/26/2021 Bell Bank, Fargo – Application to establish an interstate branch at 3800 American Blvd W, Bloomington, MN In Comment Period 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 Approved by the State Banking Board 5/13/2021 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. – Application 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 In Comment Period LPO RELOCATION APPLICATION 5/26/2021 Bell Bank, Fargo – Application to establish an LPO at 1755 Telstart Dr, Ste 300, Colorado Springs, CO Approved by the Commissioner 5/27/2021 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 Approved by the State Banking Board 5/13/2021 USURY The usury rate for unregulated lenders the month of May 2021 is 5.559%.