State Coverage: North Dakota
Fed Takes Action Against Cornerstone Holding
American Banker | Jun 07The Fed on Tuesday announced a written agreement with the Fargo, N.D. company. Cornerstone agreed to serve as a source of strength to its $265.4M subsidiary, which has ...
North Dakota Corporate CU Liquidates Itself
American Banker | Jun 07Midwest Corporate Federal Credit Union has become the first corporate credit union to voluntarily liquidate in the face of daunting new capital and other regulatory requirements.
Fed Takes Action Against Two Banks
American Banker | Mar 15The Federal Reserve Board on Tuesday announced written agreements with Pembina County Bankshares Ltd. in Cavalier, N.D. and Tonganoxie Bankshares Inc. in Kansas.
North Dakota Bank Buys Large Mortgage Lender
American Banker | Jan 17State Bank and Trust of North Dakota has closed its purchase of Bell Mortgage, a lender based in Minneapolis.
Sheyenne Seeks Holding Company Status
American Banker | Jun 28Sheyenne Bancorp is applying for bank holding company status from the Fed to buy out a bank in North Dakota. Sheyenne would become a subsidiary of First Holding Company of ...
North Dakota Tops Ratio List Again
American Banker | Jun 27North Dakota has the nation's highest loan-to-deposit ratio for the third straight year, according to data federal regulators released Thursday.
Cash-Flush, North Dakota-Owned Bank Eyes Student Line
American Banker | May 13The Bank of North Dakota has seen its student loan business pick up as more traditional lenders left the business due to narrowing margins and falling demand for ...
North Dakota Bank Gets into Holiday Spirit and the Oprah Spirit
American Banker | Dec 21Last year the Christmas party for State Bank and Trust in Fargo, N.D., had a "Deal or No Deal" theme, with all the employees getting $1,000 to keep. This year they got $1,000 to give.
SBA Program to Foster 7(a) Loans in Rural Areas
American Banker | Dec 05One of CountryBank USA's business customers wants to expand its fast-food restaurant and is seeking a $35,000 unsecured loan — the exact type of loan for which the bank would want a Small Business Administration guarantee.
SBA Testing Rural Lending Program
American Banker | Sep 28The Small Business Administration is testing a program meant to encourage more community banks and credit unions to make government-guaranteed loans in rural markets.
North Dakota Bank Makes a Tough Choice on Lucrative Unit
American Banker | Aug 27BNCCorp Inc. was so successful selling insurance that the Bismarck, N.D., banking company had to make a choice.
North Dakota Loan-to-Deposit Ratio Is No. 1
American Banker | Jun 13North Dakota's loan-to-deposit ratio was tops in the nation for the second straight year, according to findings released Tuesday by federal regulators.
Seven More States Take Up ILC Branch Debate
Stacy Kaper contributed to this article. | Mar 07WASHINGTON — The number of states debating legislation that would block Wal-Mart Stores Inc. and other commercial companies from using an industrial loan company to offer in-store banking services has more than doubled, to 12.
