By Watertown Current - March 26, 2026 in FEDERAL/STATE NOTICE OF PROPOSED BANKING FACILITY
Notice is hereby given that Cornerstone Bank, Fargo, North Dakota, has made application to the Federal Deposit Insurance Corporation and the Commissioner of the North Dakota Department of Financial Institutions for consent to establish a banking facility at 104 1st Ave NW, Watertown, South Dakota 57201-3503.
Any person wishing to comment on this application may file his or her comments in writing with the Regional Director of the Federal Deposit Insurance Corporation at its regional office at 1100 Walnut Street, Suite 2100, Kansas City, Missouri 64106 and the Commissioner of the North Dakota Department of Financial Institutions, 1200 Memorial Hwy, Bismarck, North Dakota 58504. Comments by interested parties must be received by the Regional Director and Commissioner no later than May 4, 2026. The non-confidential portions of the application are on file with the Regional Director and Commissioner and are available for public inspection during regular business hours. Photocopies of the non-confidential portion of the application file will be made available upon request.
You are also advised that per Section 6-03-13.3 and Section 6-08.4-03, North Dakota Century Code, the Commissioner or State Banking Board shall take into consideration the following facts in determining whether or not to approve the application: the proposed transaction is consistent with the convenience, needs, and welfare of the people of the community and area served and is otherwise in the public interest; the financial strength of the bank in relation to the cost of establishing and maintaining the separate facility; the proposed transaction will not be detrimental to the safety and soundness of Cornerstone Bank; and any new officers and directors are qualified and possess appropriate experience and financial responsibility.
This Notice is published pursuant to Section 303.7 of the Federal Deposit Insurance Corporation’s Rules and Regulations and North Dakota Administrative Code 13-02-05-05.1.
Mr. Jeff Thomas, President/CEO
Cornerstone Bank
Fargo, ND 58104
Published twice on March 26, 2026, and April 2, 2026, at the total approximate cost of $47.84 and can be viewed free of charge at www.sdpublicnotices.com and www.watertowncurrent.com.