North Dakota

N.D. bank buys electronic payments processor InterceptEFT

04/03/18

First International Bank plans to rename the company Kotapay, while expanding services that include handling direct deposit and credit card processing for financial firms.

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What’s driving the push for more public banks?

03/25/18

Only North Dakota has its own state-owned bank, but policymakers in other states say more public banks are necessary to fully meet society's needs. Among those who proponents say would benefit the most: small-business owners and legal marijuana suppliers and distributors.

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Choice Financial in N.D. to enter Minneapolis with Venture Bank deal

02/20/18

Choice, which has a history of acquisitions, is buying a financial institution that largely focuses on business banking.

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Bell Bank's unusual approach to winning customers' hearts

08/28/17

An episode of Oprah changed how this North Dakota bank thinks about corporate giving. But the way it distributes donations is not the only thing that sets it apart. Call Michael Solberg crazy if you want, but he says the results validate Bell's philosophy of generosity.

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Two North Dakota community banks to merge

08/11/17

A deal between Pembina County Bankshares and Drayton Bancor would combine two small banks that operate on both sides of the North Dakota-Minnesota border.

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Intervention Energy Holdings LLC Files for Chapter 11 Protection

05/23/16

Another North Dakota shale oil driller has filed for bankruptcy protection.  On May 20, 2016, Intervention Energy Holdings LLC, and its affiliates (“Debtors”) sought chapter 11 protection from the United States Bankruptcy Court for the District of Delaware.

Other Williston Basin, ND shale oil victims include Emerald Oil Inc., and Halcón Resources Corp., which indicated that it plans to file for chapter 11 protection if it can get enough creditors to sign off on a deal that would let it restructure more than $3 billion in debt.

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