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New York State Department of Financial Services

Weekly Banking Bulletin

September 28, 2018

SECTION I

This section records the receipt of applications and notices to the Banking Division of the Department of Financial Services.   Applications and notices received by Foreign and Wholesale Banks, Community and Regional Banks and Licensed Financial Services are listed in order of date of receipt; applications and notices received by Mortgage Banking are listed at the end of Section I by type of application or notice.  THE WEEKLY BULLETIN CONSTITUTES THE ONLY WRITTEN NOTIFICATION OF THESE SUBMISSIONS THAT WILL BE ISSUED BY THE DEPARTMENT.  Any comment on, or objection to, any item contained in this Weekly Bulletin should be presented to the Department within 10 calendar days of the date of this bulletin, unless a different time period is specified in the item.  More specifically, such comments or objections, including any that concern CRA-related applications, should be either  (a) delivered by mail or in person to Office of the General Counsel, New York State Department of Financial Services, One State Street, New York, New York 10004-1417 before the stated deadline or (b) transmitted by e-mail to Comments@dfs.ny.gov.

SECTION II

This section records actions taken by the Superintendent of Financial Services, and other information concerning the activities of the Banking Division of the Department of Financial Services.  Actions relating to institutions supervised by Foreign and Wholesale Banks, Community and Regional Banks and Licensed Financial Services are listed in order of date of action; actions relating to institutions supervised by Mortgage Banking are listed at the end of Section II by type of action taken.

GENERAL INFORMATION

Each item in the Weekly Bulletin is identified by a two-letter code indicating the type of institution and a three-letter code indicating the unit of the Department which has supervisory responsibility for the institution.  The following is a list of the codes and their meanings:

Institution Codes

BKBankMBMortgage Banker
BPBudget PlannerBRMortgage Broker
CCCheck Casher MS Mortgage Servicer
CUCredit UnionPFPremium Finance Agency
FAForeign AgencyPBPrivate Banker
FBForeign BranchSDSafe Deposit Company
FRForeign Representative OfficeSFSales Finance Agency
HCHolding CompanySLSavings and Loan Association
ICInvestment CompanySBSavings Bank
LLLicensed LenderTMTransmitter of Money
MKMerchant BankTRTrust Company
MIMiscellaneous VC Virtual Currency

Regulatory Unit Codes

CM Capital Markets
CRBCommunity and Regional Banks
CEU Consumer Examination Unit
FWBForeign and Wholesale Banks
LFSLicensed Financial Services
MBDMortgage Banking

SECTION I

September 17, 2018 (SF-LFS)
AMERICREDIT FINANCIAL SERVICES, INC
801 Cherry Street, Suite 3600, Fort Worth, Texas, 76102

Notification received for a change of branch address from 1 Mack Centre Dr., Paramus, Bergen, New Jersey 07652 to 650 From Road, Fourth Floor, Paramus, New Jersey 07652.

The publication of receipt of this notification does not indicate that the notification is deemed complete.  A notification is deemed complete and filed when all required and requested information has been provided to the Department by the licensee.

September 25, 2018 (TM-LFS)
TRAVELEX CURRENCY SERVICES INC. DBA TRAVELEX WORLDWIDE MONEY  
122 East 42nd Street – Suite 2800, New York, New York 10168

Notification received for the change of location from 122 East 42nd Street – Suite 2800, New York, New York 10168 to 355 Lexington Ave., 3rd Floor, New York, New York 10017.

The publication of receipt of this notification does not indicate that the notification is deemed complete.
A notification is deemed complete and filed when all required and requested information has been provided to the Department by the licensee.

September 26, 2018 (TR-Cap Mkts)
ANTHOS TRUST COMPANY
245 Park Avenue, 32nd Floor, New York, N.Y. 10167

Application to change the principal office from 245 Park Avenue, 32nd Floor, New York, N.Y., Borough of Manhattan, City of New York 10167 to 1001 Avenue of the Americas, Suite 1501, Borough of Manhattan, City of New York 10018, received.

The comment period will expire October 12, 2018.

September 26, 2018 (TM-LFS)
AVIDXCHANGE, INC.
1210 AvidXchange Lane, Charlotte, NC 28206

Application received for a license to engage in business as a transmitter of money.

The publication of receipt of this application does not indicate that the application is deemed complete.  An application is deemed complete and filed when all required and requested information has been provided to the Department by the applicant.

September 26, 2018 (TR-CRB)
CHEMUNG CANAL TRUST COMPANY
One Chemung Canal Plaza, Elmira, New York 14902

Notice of intention to close branch office at Oakdale Mall, 601-635 Harry L Drive, Johnson City, Broome County, New York 13790, received.

The comment period on this notice will expire October 29, 2018.

September 28, 2018 (CC-LFS)
JJD SERVICE CORP. D/B/A CONTINENTAL FACTORS
35-01 30th Avenue, Room 403, Astoria, NY 11103

Application received for change of control filed by JJD Service Corp. whereby David Kim, Samuel Kim and Kenneth Paek will each acquire 33 1/3 percent of the issued and outstanding shares.

The publication of receipt of this application does not indicate that the application is deemed complete. An application is deemed complete and filed when all required and requested information has been provided to the Department by the licensee.

September 28, 2018 (TM-LFS)
YAPSTONE, INC.
2121 N. California Blvd., Suite 400, Walnut Creek, CA 94596

Application received for a license to engage in business as a transmitter of money.

The publication of receipt of this application does not indicate that the application is deemed complete.  An application is deemed complete and filed when all required and requested information has been provided to the Department by the applicant.

September 28, 2018 (TM-LFS)
NYDIG EXECUTION LLC
510 Madison Avenue, 21st Floor, New York, New York 10022

Application received for a license to engage in business as a transmitter of money.

The publication of receipt of this application does not indicate that the application is deemed complete. An application is deemed complete and filed when all required and requested information has been provided to the Department by the applicant.

September 28, 2018 (VC-OFI)
NYDIG EXECUTION LLC
510 Madison Avenue, 21st Floor, New York, New York 10022

Application received for a license to engage in virtual currency business activity.

The publication of receipt of this application does not indicate that the application is deemed complete. An application is deemed complete and filed when all required and requested information has been provided to the Department by the applicant.

Application to establish a Mortgage Banker's Branch received for examination:

September 24, 2018 (MB-MBD)
Full Service Branch
Freedom Mortgage Corporation
827 Morris Park Avenue, Store Front, Bronx, NY 10462

September 24, 2018 (MB-MBD)
Full Service Branch
PrimeLending, A PlainsCapital Company
800 Fairmount Avenue W.E., Suite 1, Jamestown, NY 14701

Application received pursuant to Section 594-b of the New York Banking Law and Part 410 of the Superintendent's Regulations for a control interest:

September 26, 2018 (MLS-MBD)
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
New PennyMac Financial Services, Inc.
To acquire interest in:
PennyMac Loan Services, LLC
3043 Townsgate Road, Westlake Village, CA 91361

Article 12-E Applications received.  Individuals listed may not engage in mortgage loan origination activities prior to the approval of their application for licensing.  They must also complete all required education, testing and bonding requirements by the dates set forth in Part 420 of the Superintendent’s Regulations which may be found on the Department’s website.

DATE OF APPLICATION

NMLS ID

NAME OF APPLICANT

CITY

STATE

May 30, 2018

860187

Lowell Randolph Hancock

El Dorado Hills

California

June 8, 2018

1567314

Peter Spiro

Chappaqua

New York

July 6, 2018

885327

Nima Torabi

Miami

Florida

July 9, 2018

1728496

Eugene Brian Kelly

Franklin Square

New York

July 20, 2018

1630557

Yanyue Chen

Corona

New York

August 7, 2018

66195

Santa Portino

Mahopac

New York

August 7, 2018

1748467

Judith Rogon Wilkens

Ramsey

New Jersey

August 15, 2018

1743419

Alexander Hassan Farah

Pittsburgh

Pennsylvania

August 16, 2018

1652241

Arezoo Salehzada

Plano

Texas

August 17, 2018

1614943

Brittany Marie Martin

Cleveland

Ohio

August 23, 2018

1497173

Marlon Jamil Bivens

Los Angeles

California

August 29, 2018

1501396

Joshua S. Dorismond

Brooklyn

New York

August 31, 2018

1683929

Lori Elizabeth Richardson

Columbia

Missouri

September 5, 2018

1558282

Annalee Conley

Lake View

New York

September 8, 2018

165503

Sheik Mohamed Deen

Valley Stream

New York

September 11, 2018

1522861

James Roderick Loubriel

Richardson

Texas

September 12, 2018

1122456

Jennifer Elizabeth Brainard

Apopka

Florida

September 17, 2018

198169

Matthew Michael Ross

Hinckley

Ohio

September 17, 2018

1534170

Andrew Flavius Ratiu

Lake Forest

California

September 17, 2018

1589269

Boswell Gregory Lecky

Drexel Hill

Pennsylvania

September 18, 2018

210931

Michael Bellano

Willow Grove

Pennsylvania

September 18, 2018

915124

Nicole Anne Ellis

Orlando

Florida

September 18, 2018

1401445

Brian William Leaper

Levittown

Pennsylvania

September 18, 2018

1547355

Anthony Wes Carlson

Rancho Mission Viejo

California

September 21, 2018

1637657

Matthew Paul Abruzzo

Seaford

New York

SECTION II

August 13, 2018 (MI-CRB)
NORTHERN FEDERAL CREDIT UNION
120 Factory Street, Watertown, NY 13601

Application, pursuant to Section 486 of the Banking Law, for the conversion of Northern Federal Credit Union to a New York State-chartered credit union, under the name Northern Credit Union, with a field of membership which includes Jefferson, Lewis, St. Lawrence, Oswego, Clinton, Franklin, Onondaga, and Madison Counties, approved.

September 20, 2018 (BK-CRB)
GENERATIONS COMMERCIAL BANK
19 Cayuga Street, Seneca Falls, New York 13148

Organization Certificate filed for examination.

INCORPORATORS

Bradford M. Jones, Seneca Falls, New York
Menzo D. Case, Seneca Falls, New York
Jose Acevedo, Geneva, New York
Gerald Macaluso, Seneca Falls, New York
Frank J. Nicchi, Victor, New York
August P. Sinicropi, Seneca Falls, New York
Vincent P. Sinicropi, Seneca Falls, New York
David H. Swenson, Seneca Falls, New York
Cynthia Aikman, Auburn, New York

September 20, 2018 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Authorization issued to open and occupy a branch office at MetLife Stadium, One MetLife Stadium Drive, East Rutherford, Bergen County, New Jersey 07073, on or after September 21, 2018.

(This facility is to be opened October 7, 2018, and be operational periodically thereafter. The activities of this branch office will be limited to opening accounts.)

September 25, 2018 (BK-CRB)
THE WESTCHESTER BANK
12 Water Street, White Plains, New York 10601

Authorization issued to open and occupy a branch office at 214-246 South Highland Avenue, Ossining, Westchester County, New York 10562, on or after September 26, 2018.

Application to assume inactive status as a registered mortgage broker pursuant to Article 12-D of the Banking Law approved:

September 24, 2018 (BR-MBD)
Central Lending Services Inc. D/B/A Credit Central
301 Oxford Valley Road, Suite 802A, Yardley, PA  19067-7714
Effective Date:  September 17, 2018

License to engage in the business of a Mortgage Banker surrendered:

September 24, 2018 (MB-MBD)
Franklin American Mortgage Company
6100 Tower Circle, Suite 600, Franklin, TN 37067
Effective Date: September 11, 2018

License to engage in the business of a Mortgage Banker Branch surrendered:

September 24, 2018 (MB-MBD)
Full Service Branch
Franklin American Mortgage Company
681 Andersen Drive, Suite 620, Pittsburgh, PA 15209
Effective Date: September 11, 2018

September 24, 2018 (MB-MBD)
Full Service Branch
Franklin American Mortgage Company
35 Village Road, Suite 201, Middletown, MA 01949
Effective Date: September 11, 2018

September 24, 2018 (MB-MBD)
Full Service Branch
Franklin American Mortgage Company
10 Lake Center, 401 Rte. 73 N, Bdg. 10, Ste. 310, Marlton, NJ 08053
Effective Date: September 11, 2018

September 24, 2018 (MB-MBD)
Van Dyk Mortgage Corporation
3 SW 129th Avenue, Suite #203, Pembroke Pines, FL 33027
Effective Date: September 19, 2018

Certificate to engage in the business of a Mortgage Broker surrendered:

September 20, 2018 (BR-MBD)
Salvatore Joseph Perrello   D/B/A Enterprise Capital Funding
8665 Sheridan Drive, Williamsville, NY 14221
Effective Date: September 5, 2018

September 24, 2018 (BR-MBD)
Keystone Funding Inc.
206 West State Street, Suite 200, Media, PA 19063
Effective Date: September 10, 2018

Application approved pursuant to Section 594-b of the New York Banking Law and Part 410 of the Superintendent's Regulations for a control interest:

September 25, 2018 (MB-MBD)
Vinita Gandhi
To acquire interest in:
Sistar Mortgage Company, Inc. in lieu of SI Mortgage Company, Inc.
51650 Oro Road, Shelby Township, MI 48315

Applications for licensing as a Mortgage Loan Originator under Article 12-E of the New York Banking Law, WITHDRAWN.  The individuals listed may not engage in mortgage loan origination activity in New York State or on New York State residential property:

DATE APPLICATION WITHDRAWN

NMLS ID

NAME OF APPLICANT

CITY

STATE

September 21, 2018

1454929

Fred Dean Taber

Santa Ana

California

September 24, 2018

1013644

Kelly Thomas Heisler

Keller

Texas

Approvals issued to engage in the business of mortgage loan origination under Article 12-E of the New York State Banking Law.

DATE OF APPROVAL

NMLS ID

NAME OF APPLICANT

CITY

STATE

SPONSOR NAME

September 11, 2018

1675176

Porfirio Alejandro Perez

Tempe

Arizona

Quicken Loans Inc.

September 11, 2018

1731400

Terrell DeShon Johnson

Sterling Heights

Michigan

Quicken Loans Inc.

September 11, 2018

1742237

Nazim Jalal Chowdhury

Hamtramck

Michigan

Quicken Loans Inc.

September 12, 2018

21445

Anne M. Horvath

Warwick

Rhode Island

Residential Mortgage Services, Inc.

September 20, 2018

796876

Sarah Mary Marvin

Watertown

New York

American Neighborhood Mortgage Acceptance Company, LLC

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