Weekly Banking Bulletin

September 13, 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:

SECTION I

September 4, 2024 (pf-LFS)
AFCO CREDIT CORPORATION DBA AFCO DIRECT, DBA BANKDIRECT 
150 North Field Drive, Suite 190, Lake Forest, Illinois 60045

A notification was received in connection with the addition of an assumed name, dba LifeDirect

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.

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

September 11, 2024 (BR-MBD)
Applicant(s)
Bhasin Anoj
Singh Harpreet
As: The Capital Depot in lieu of My Home Funding LLC
535 South Broadway, Suite 202, Hicksville, NY 11801

September 11, 2024 (BR-MBD)
Applicant(s)
Puri Sharan
As: Elysium Capital, LLC
529 South Oyster Bay Road, Suite 2, Plainview, NY 11803

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

September 11, 2024 (MB-MBD)
Full Service Branch
Nationstar Mortgage LLC
8800 Baymeadows Way West, Suite 400, Jacksonville, FL 32256

September 11, 2024 (MB-MBD)
Full Service Branch
Nationstar Mortgage LLC
2211 Old Earhart Road, Suite 250, Ann Arbor, MI 48105

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

July 16, 2024 (FR-FWB)
CACEIS INVESTOR SERVICES BANK S.A., NEW YORK REPRESENTATIVE OFFICE
89-91 rue Gabriel P­éri, 92120 Montrouge, France

Representative office license located at 1301 Avenue of Americas, New York NY 10019 surrendered on July 16, 2024.

September 6, 2024 (BP-LFS)
GOLDEN STATE DEBT MANAGEMENT CORP.        
23868 Hawthorne Blvd., Suite 201, Los Angeles, CA 90505

The license to engage in business as a budget planner at the following location has been surrendered:

23868 Hawthorne Blvd., Suite 201, Los Angeles, CA 90505

Effective July 16, 2024, Golden State Debt Management Corp. is no longer authorized to conduct budget planner business in the State of New York.

September 9, 2024 (CU-CRB)
Hudson Valley credit union
137 Boardman Road, Poughkeepsie, NY 12603

Approval given to open and maintain stations at the following eight locations, on or after September 10, 2024:

1. 1704 Western Avenue, Guilderland, Albany County, New York 12203
2. 98 Wolf Road, Colonie, Albany County, New York 12205
3. 1625 Curry Road, Rotterdam, Schenectady County, New York 12306
4. 3421 State Road, Niskayuna, Schenectady County, New York 12304
5. 2532 Route 9, Malta, Saratoga County, New York 12020
6. 7 Halfmoon Circle, Clifton Park, Saratoga County, New York 12065
7. 50-52 Main Street, Chatham, Columbia County, New York 12037
8. 559-561 Warren Street, Hudson, Columbia County, New York 12534

September 12, 2024 (SB-CRB)
APPLE BANK
122 East 42nd Street, New York, NY 10168

Approval given to change the location of branch office from 3815 Broadway, Borough of Manhattan, City of New York 10032 to 3841 Broadway, Borough of Manhattan, City of New York 10032, on or after September 13, 2024.

September 13, 2024 (LP-RID)
STANDARD CUSTODY & TRUST COMPANY, LLC
155 West 23rd Street, 8th Floor, New York, NY 10011

Approval granted pursuant to Supervisory Procedure G 105 to change the location of principal office from 155 West 23rd Street, Floor 8, New York, NY 10011 to 111-119 West 19th Street, 6th Floor, New York, NY 10011. (This trust company is presently operating at temporary quarters at 155 West 23rd Street, 8th Floor, New York, NY 10011).

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

September 11, 2024 (MB-MBD)
Full Service Branch
Movement Mortgage, LLC
11255 Kirkland Way, Suite 110, Kirkland, WA 98033

September 11, 2024 (MB-MBD)
Full Service Branch
Hartford Funding, LTD
30 Hempstead Avenue, Suite 139, Rockville Centre, NY 11570

September 11, 2024 (MB-MBD)
Full Service Branch
Hartford Funding, LTD
23150 Fashion Drive, Suite 217, Office 22, Estero, FL 33928

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

September 5, 2024 (MB-MBD)
American Financial Network, Inc.
90 Painters Mill Road Suites 210-213, Owings Mills, MD 21117
Effective Date: August 13, 2024

September 10, 2024 (MB-MBD)
CrossCountry Mortgage, LLC
2051 Saranac Avenue, Suite 201, Lake Placid, NY 12946
Effective Date: August 30, 2024

September 10, 2024 (MB-MBD)
CrossCountry Mortgage, LLC
1000 US Highway 9 N, Suite 305, Woodbridge, NJ 07095
Effective Date: August 30, 2024

September 11, 2024 (MB-MBD)
Cardinal Financial Company, Limited Partnership
4005 Victory Blvd, Staten Island, NY 10314
Effective Date: September 6, 2024

September 11, 2024 (MB-MBD)
Guaranteed Rate, Inc.
176 Laning St., Suite 2, Southington, CT 06489
Effective Date: September 5, 2024

Mortgage Banker License Address Changes:
 

September 11, 2024 (MB-MBD)
SEFCU Services, LLC D/B/A Homeowners Advantage
SEFCU Mortgage Services
From: 700 Patroon Creek Boulevard, Suite 301, Albany, NY 12206
To: 4 Winners Circle, Suite 202, Albany, NY 12205
 

Mortgage Broker Certificate Address Changes:
 

September 10, 2024 (BR-MBD)
Best Solution Mortgage, Inc.
From: 36-36 Main Street, Suite 1NA, Flushing, NY 11354
To: 136-33 37th Avenue STE 9D, Flushing, NY 11354

Mortgage Banker Branch License Address Changes:
 

September 5, 2024 (MB-MBD)
Homestead Funding Corp.
From: 3 Warren Street, Suite 3A, Glens Falls, NY 12801
To: 5 Warren Street, Suite 104, Glens Falls, NY 12801

September 11, 2024 (MB-MBD)
NLC Loans In Lieu of True Name Nations Lending Corporation
From: 13 Main St., Suite 5, Sparta, NJ 07871
To: 55 Trinity St., Unit 1, Newton, NJ 07860