Weekly Banking Bulletin

March 22, 2024

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 email to [email protected].

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

SECTION I

March 14, 2024 (CU-CRB)
HUDSON VALLEY credit union
137 Boardman Road, Poughkeepsie, NY 12603

Application for Hudson Valley Credit Union to open and occupy branch offices at the following two locations, received.

(1) 851 New Loudon Road, Latham, NY  12110
(2) 27-29 Main Street, New Paltz, NY  12561

March 15, 2024 (LP-RID)
RIPPLE US TECHNOLOGIES INC.
600 Battery Street, San Francisco, CA 94111

Application, pursuant to Section 143-b of the Banking Law, to acquire control of Standard Custody & Trust Company, LLC, New York, New York, received.

The comment period on this application expires on April 22, 2024.

March 19, 2024 (TM-LFS)
BARRI MONEY SERVICES, LLC DBA DOLEX DBA QUISQUEYANA DBA BARRI 
10777 Westheimer Rd. Suite 1040 Houston, TX 77042

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.

March 19, 2024 (CU-CRB)
Hudson Valley credit union
137 Boardman Road, Poughkeepsie, NY 12603

Application for Hudson Valley Credit Union to open and maintain stations at the following eight locations, received.

1. 1704 Western Avenue, Guilderland, Albany County, New York 12203
2. 98 Wolf Road, Colonie, Albany County, New York 12205
3. 1925 Curry Road, Rotterdam, Schenectady County, New York 12303
4. 120 Mansion Boulevard, Niskayuna, Schenectady County, New York 12304
5. 2532 Route 9, Malta, Saratoga County, New York 12020
6. 7 Halfmoon Crossing, Clifton Park, Saratoga County, New York 12065
7. 50-52 Main Street, Chatham, Columbia County, New York 12037
8. 561 Warren Street, Hudson, Columbia County, New York 12534

These locations to be acquired from Berkshire Bank, Boston, Massachusetts.

The comment period on this application will expire on April 5, 2024.

Application to engage in the business of a Mortgage Broker under Article 12-D of the New York Banking Law received for examination:

March 20, 2024 (BR-MBD)
Applicant(s)
Chen Tzuchun
As: Sertiy Corporation
133-36 41st Road, Suite CS-6, Flushing, NY 11355

March 20, 2024 (BR-MBD)
Applicant(s)
Lin Yixiao
As: Mortcapital LLC
802 64 Street 2G, Brooklyn, NY 11220

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

March 15, 2024 (MB-MBD)
Full Service Branch
CrossCountry Mortgage, LLC
2 Clinton Square, Suite 170, Syracuse, NY 13202

March 15, 2024 (MB-MBD)
Full Service Branch
Premium Mortgage Corporation
240 N Washington Blvd, Suite 315, Sarasota, FL 34236

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.

SECTION II

February 27, 2024 (LL-LFS)
MARINER FINANCE LLC  
8211 Town Center Drive, Nottingham, Baltimore, Maryland, 21236-5904

License was issued to reflect the change of branch location from Wolf Road Shoppers Park, 145 Wolf Road, Suite 6, Colonie, NY 12205 to 5 Metro Park Drive, Suite 2, Albany, NY 12205.    

In connection with the above license issuance, the original license was surrendered.

March 4, 2024 (MI-CRB)
UBS BANK USA
299 South Main Street, Salt Lake City, Utah 84111

Notification received, in accordance with Supervisory Policy G 8, of the closing of the representative offices at 400 Linden Oaks, Rochester, Monroe County, New York 14625, and at 58 South Service Road, Melville, Suffolk County, New York 11747, effective March 1, 2024.

March 14, 2024 (CU-CRB)
MUNICIPAL credit union
22 Cortlandt Street, New York, NY 10007

Approval granted to open and maintain a station at 66 Main Street, Yonkers, Westchester County, NY10701, on or after March 14, 2024.

March 21, 2024 (TM-LFS)
GLOBAL TRANSFERS LLC 
40 10th Ave, 4th Floor,New York, New York, 10014

License to engage in the business as a licensed money transmitter company is surrendered.

License issued to engage in the business as a Mortgage Banker Branch under Article 12-D of the New York Banking Law:

March 19, 2024 (MB-MBD)
Full Service Branch
RoundPoint Mortgage Servicing Corporation
3401 Olympus Boulevard, Suite 100, Dallas, TX 75019-0012

March 19, 2024 (MB-MBD)
Full Service Branch
MCM Financial Services in lieu of
MCM Holdings, Inc.
1601 Veterans Memorial Highway, Suite 220, Islandia, NY 11749

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

March 20, 2024 (MB-MBD)
Shamrock Home Loans, Inc.
75 Newman Avenue, East Providence, RI 02916
Effective Date: December 26, 2023

March 20, 2024 (BR-MBD)
Flash Funding, LLC
4311 13th Ave, Suite 1, Brooklyn, NY 11219
Effective Date: January 25, 2024

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

March 14, 2024 (MB-MBD)
Equity Now Inc.
52 East High Street, Suite 101 and 102, Carlisle, PA 17013
Effective Date: March 11, 2024

March 14, 2024 (MB-MBD)
Equity Now Inc.
52 East High Street, Suite 201, 202, Carlisle, PA 17013
Effective Date: March 11, 2024

March 18, 2024 (MB-MBD)
CMG Mortgage, Inc.
3160 Crow Canyon Road, Suite 200, San Ramon, CA 94583
Effective Date: March 11, 2024

March 18, 2024 (MB-MBD)
Equity Now Inc.
2525 Ponce de Leon Blvd., Suite 300, Office 06, Coral Gables, FL 33134
Effective Date: February 5, 2024

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

March 20, 2024 (BR-MBD)
Canyon Mortgage Corp.
33 Sherman Ave, New York, NY 10040
Effective Date: December 21, 2023

March 20, 2024 (MB-MBD)
From: Homebridge Financial Services, Inc.  D/B/A Menlo Park Funding
To: Homebridge Financial Services, Inc.  D/B/A Menlo Park Funding
REMN Wholesale

March 19, 2024 (BR-MBD)
JTM Financial Services, Inc.
From: 19 Stony Hill Road, Bethel, CT 06801
To: 8 Elizabeth Street, Unit 204, Bethel, CT 06801