ND SB2096

Updates the definition of "tier 1, tier 2, and tier 3 capital" to reference federal regulations in effect on August 1, 2011, rather than August 1, 2009.

Removes the requirement that a cashier be appointed by the board of directors, while maintaining authority to appoint a president and other employees.

Adds a provision allowing banks to apply to the commissioner for authority to exchange real property acquired in satisfaction of debt for an interest in an entity that would dispose of the property, with appeal rights to the state banking board if denied.

Permits a banking association to apply to the state banking board for authority to move its main office to any location currently operated by the banking association as a facility.

Changes the loan limitation calculation from "common stock, surplus, and undivided profits" to "tier 1 capital" and expands the definition of total borrower liability to include derivative transactions, repurchase agreements, and securities lending or borrowing transactions.