2021-02-01
Added · Updated
The North Dakota Department of Financial Institutions issued this bulletin to inform state-chartered banks, credit unions, and trust companies of approved regulatory actions. The document details specific approvals for branch closures, limited purpose office establishments, mergers, subsidiary acquisitions, and name waivers. Additionally, it announces the usury rate for unregulated lenders for March 2021 as 5.594%.
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 March 5, 2021, APPLICATIONS Date Applicant Status BRANCH CLOSURE 2-2-2021 Security State Bank, Wishek – Notification of branch closure at 121 South Main Street, Lehr, ND Approved by the Commissioner on March 5, 2021 LPO APPLICATION 1-11-2021 Prairie Mountain Bank a Division of American Bank Center, Dickinson – Application to establish an LPO at 1420 Market Place Drive, Suite 3, Great Falls, MT Approved by the Commissioner on February 10, 2021 MERGER APPLICATION 11-23-2020 United Valley Bank, Cavalier – Application to merge with Northern Sky Bank, Crookston, MN, under the title and charter of United Valley Bank Approved by the State Banking Board on March 4, 2021 1-29-2021 Unison Bank, Jamestown – Application to merge Security State Bank, Wishek, with and into Unison Bank Approved by the State Banking Board on March 4, 2021 APPLICATION TO ACQUIRE SUBSIDIARY 1-29-2021 Unison Bank, Jamestown – Application to acquire Dakota Insurance Agency, LLC Approved by the State Banking Board on March 4, 2021 NAME WAIVER 2-11-2021 Equiniti Trust Company Approved by the Commissioner on February 12, 2021 USURY The usury rate for unregulated lenders the month of March 2021 is 5.594%.