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New York State Department of Financial Services

Weekly Banking Bulletin

October 26, 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

October 18, 2018 (FB-FWB)
LLOYDS BANK PLC
25 Gresham Street, London, EC2V 7HN, United Kingdom

Notice pursuant to Section 605.11 of the Banking Law that Lloyds Bank plc intends to voluntarily liquidate its New York branch located at 1095 Avenue of Americas New York, NY 10036, received. 

October 22, 2018 (SB-CRB)
NEW YORK COMMUNITY BANK
136-65 Roosevelt Avenue, Flushing, NY 11354

Notice of intention to close branch office at 193-01 Northern Boulevard, Flushing, Borough of Queens, City of New York 11358, received.

The comment period on this notice will expire November 26, 2018.

October 22, 2018 (MI-CRB)
KEARNY BANK
614 Kearny Avenue, Kearny, NJ 07032

Application dated October 15, 2018, for permission to change the location of the branch office from 339 Sand Lane, Borough of Staten Island, City of New York 10305 to 1400 Hylan Boulevard, Borough of Staten Island, City of New York 10305, received.

October 23, 2018 (TR-CRB)
ORANGE BANK & TRUST COMPANY
212 Dolson Avenue, Middletown, NY 10940

Application dated October 22, 2018, for permission to open and occupy a branch office at 859-861 Franklin Avenue, Thornwood, Town of Mount Pleasant, Westchester County, New York 10594, received.

October 23, 2018 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

Application dated October 22, 2018, for permission to change the location of the branch office from 1861 Wiehle Ave, Reston, Fairfax County, VA 20190 to 1886 Metro Center Drive, Reston, Fairfax County, VA 20190, received.

October 23, 2018 (SF-LFS)
TEBO FINANCIAL SERVICES, INC.
4740 Belpar St., NW, Suite A, Canton, Stark County, Ohio 44718

A change of control application was received for Jonathan S. Stanke to increase his ownership interest to 10.0% in Tebo Financial Services, Inc.

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 engage in the business of a Mortgage Banker under Article 12-D of the New York Banking Law received:

October 24, 2018 (MB-MBD)
Applicant(s)
Enrico Hyde Arvielo
Patricia Lyn Arvielo
Christy Elaine Bunce
As: New American Funding
In Lieu of True Name
Broker Solutions, Inc.
14511 Myford Road, Suite 100, Tustin, CA 92780

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

October 23, 2018 (MB-MBD)
Full Service Branch
CrossCountry Mortgage, Inc.
19 N. Main Street, Suite A, Pearl River, NY 10965

October 24, 2018 (MB-MBD)
Full Service Branch
Hunt Mortgage Corporation
2098 Grand Island Blvd., Suite 1, Grand Island, NY 14072

Application received pursuant to Section 594-b of the New York Banking Law and Part 418 of the Superintendent's Regulations for a control interest:

October 24, 2018 (MLS-MBD)
Applicant(s)
Casa Holdco GP LLC
Casa Holdco LP
Pierre Olivier Sarkozy
Ryan LaRose
To acquire interest in:
Compu-Link Corporation
3900 Capital City Blvd, Lansing, MI 48906

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

March 19, 2018

1538528

Yosef S. Freund

Brooklyn

New York

April 26, 2018

1732214

Ya Lin Wang

Briarwood

New York

June 13, 2018

49166

Patricia Lyn Arvielo

Corona Del Mar

California

July 20, 2018

1708270

Brian Scott Cerisano

Brooklyn

New York

July 26, 2018

1761851

Michael Rabin

Staten Island

New York

August 17, 2018

10234

Wendy L. Moran

Jacksonville

Florida

September 4, 2018

422759

Joseph P. Carrello

Hampton Bays

New York

September 4, 2018

1719156

Precious Tia Thomas

Arlington

Texas

September 19, 2018

1211330

Richard Louis Heredia

Woodland Park

New Jersey

September 24, 2018

933345

Lewis Henry Dawley

Laveen

Arizona

September 28, 2018

1771516

Lourdes Arete Tello

Levittown

New York

September 30, 2018

1736625

Brian Weill

Brooklyn

New York

October 4, 2018

1788539

Michael Kaufman

Forest Hills

New York

October 9, 2018

1701174

Mae Segal

Ballston Spa

New York

October 11, 2018

1763103

Mehdi Abdul Harb

Dearborn

Michigan

October 15, 2018

1576618

Scott Michael Carlin

McKees Rocks

Pennsylvania

October 15, 2018

1627030

Kelly Marie Avery

Farmington Hills

Michigan

October 15, 2018

1761042

James Patrick McDonough

Pittsburgh

Pennsylvania

October 15, 2018

1771051

Alvin Walid Musa

Troy

Michigan

October 15, 2018

1771053

Michelle Latrice Jones

Southfield

Michigan

October 15, 2018

1771359

Edward Joseph Ford

Bloomfield Hills

Michigan

October 15, 2018

1771385

Joshua David Hartman

Ferndale

Michigan

October 17, 2018

1723299

Eli Isaac Edelman

Brooklyn

New York

October 18, 2018

1790144

Jimmie Lee Draper

Columbia

Missouri

October 22, 2018

1771404

Evan Michael Fiscus

Hamtramck

Michigan

 

SECTION II

August 6, 2018 (LL-LFS)
ONEMAIN FINANCIAL OF NEW YORK, INC.
601 N.W. Second Street, Evansville, IN 47708

License to engage in business as a licensed lender at the following location was surrendered:
601 N.W. Second Street, Evansville, IN 47708

October 10, 2018 (BK-FWB)
SHINHAN BANK AMERICA
330 Fifth Avenue, 4th floor, New York, NY 10001

A “Certificate of Amendment of the Organization Certificate of Shinhan Bank America under section 8005 of the Banking Law”, was approved and filed in the office of the Superintendent of Financial Services.

The amendment provides for an increase in authorized capital stock to $172,999,890 consisting of 4,942,854 shares with a par value of $35 each from $122,999,905 consisting of 3,514,283 shares with a par value of $35 each. 

October 15, 2018 (SB-CRB)
PCSB BANK
2477 Route 6, Brewster, NY 10509

Application, pursuant to Section l2-a of the New York Banking Law, for the conversion of PCSB Bank from a savings bank to a commercial bank, approved.

October 15, 2018 (SB-CRB)
PCSB BANK
2477 Route 6, Brewster, NY 10509
PCSB COMMERCIAL BANK (BK-CRB)
2477 Route 6, Brewster, NY 10509

Application, pursuant to Section 601-b of the Banking Law, for PCSB Commercial Bank to merge with and into PCSB Bank, under the name PCSB Bank, approved.

(The merger is in conjunction with PCSB Bank’s conversion from a savings bank to a commercial bank, pursuant to Section 12-a of the Banking Law.  Immediately prior to the merger, PCSB Bank will convert from a savings bank to a commercial bank.)

October 18, 2017 (MI-CRB)
REPUBLIC Bank
50 South 16th Street, Suite 2400, Philadelphia, Pennsylvania 19102

Authorization issued to open and occupy a branch office at 830 Third Avenue, Borough of Manhattan, City of New York 10022, on or after October 19, 2018.

October 18, 2018 (BK-CRB)
FIRST AMERICAN INTERNATIONAL BANK
5503 8th Avenue, Brooklyn, NY 11220

First American International Bank merged with and into Royal Business Bank, Los Angeles, CA, effective October 15, 2018.

October 19, 2018 (FR-FWB)
JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM
No. 198 Tran Quang Khai Street, Ly Thai To Ward, Hoan Kiem District, Hanoi, Vietnam

Application, pursuant to Section 221-d of the Banking Law, to establish and maintain a representative office in the Borough of Manhattan, City of New York, approved.

October 22, 2018 (BK – CRB)
ALMA BANK
28-31 31st Street, Astoria, NY 11102

The Superintendent’s approval in principle of the “Certificate of Amendment of the Organization Certificate of Alma Bank under Section 8005 of the Banking Law” was granted.

The amendment provides for the reduction of the authorized number of shares of Senior Non-Cumulative Perpetual Preferred Stock, as a result of redemption, from 3,000 shares to 0.

October 20, 2018 (TR-CM)
COINBASE CUSTODY TRUST COMPANY, LLC (TR-CM)
200 Park Avenue South, Suite 1208, New York, NY 10003

Organization Certificate approved and filed.

October 20, 2018 (TR-CM)
COINBASE CUSTODY TRUST COMPANY, LLC (TR-CM)
200 Park Avenue South, Suite 1208, New York, NY 10003

Application for exemption from the deposit insurance requirements of Section 32 of the Banking Law approved.

October 22, 2018 (TR-CM)
COINBASE CUSTODY TRUST COMPANY, LLC (TR-CM)
200 Park Avenue South, Suite 1208, New York, NY 10003  

Authorization Certificate issued.

October 25, 2018 (PF-LFS)
SOUTH BAY ACCEPTANCE CORPORATION
10151 Deerwood Park Blvd, Bldg 100 Ste 330, Jacksonville, FL 32256

Application filed by South Bay Acceptance Corporation, to engage in doing business as a premium finance company located at 10151 Deerwood Park Blvd, Bldg 100, Ste 330, Jacksonville, FL 32256, was approved effective August 20, 2018.

October 24, 2018 (TM-LFS)
FIROZ PATEL,
FERHAN PATEL,
MH PILLARS, INC. D/B/A PAYZA,
OBOPAY, INC., and
MH PILLARS, LTD.

An Order was issued against the referenced parties, their employees, independent contractors, or agents operating on their behalf, and their successors and assigns, to Cease and Desist from engaging in activities of a money transmitter in New York State.

October 26, 2018 (CC-LFS)
JJD SERVICE CORP. D/B/A CONTINENTAL FACTORS
35-01 30th Avenue, Room 403, Astoria, NY 11103

Application for a change of control of JJD Service Corp.  filed by David Kim, Samuel Kim and Kenneth Paek approved.

October 26, 2018 (MT-LFS)
PAYPAL, INC.
2211 N. First Street, San Jose, CA 95131

Application to acquire 100% of HSI USA Inc. approved.

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

October 22, 2018 (MB-MBD)
iServe Residential Lending, LLC
123 High Ridge Road, 1st Floor, Stamford, CT 06905
Effective Date: October 19, 2018

October 22, 2018 (MB-MBD)
Van Dyk Mortgage Corporation
1773 N. State Road 7, Suite 102A, Lauderhill, FL 33313
Effective Date: October 19, 2018

October 22, 2018 (MB-MBD)
Guaranteed Rate, Inc.
278 Mamaroneck Avenue, Suite A, White Plains, NY 10605
Effective Date: October 19, 2018

October 23, 2018 (MB-MBD)
Intercontinental Capital Group, Inc.  D/B/A Fellowship Home Loans
271 Route 46, Suite H203, Fairfield, NJ 07004
Effective Date: May 24, 2018

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