Weekly Banking Bulletin

November 15, 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
 

November 14, 2024 (MT-LFS)
CORPAY, INC.        
3280 Peachtree Road, Suite 2400, Atlanta, Georgia 30305

Application was received for a change of control whereby Corpay, Inc. will acquire 100% of GPS Capital Markets, LLC, located at 10813 S. River Front Pkwy, Suite 400, South Jordan, Utah, 84095.

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.

November 14, 2024 (FA-FWB)
OVERSEA-CHINESE BANKING CORPORATION LIMITED 
65 Chulia Street #08-00, OCBC Center, Singapore 049513

Application pursuant to Section 203 of the Banking Law to change the location of the agency office from 1700 Broadway, Borough of Manhattan, City of New York 10019 to 66 Hudson Boulevard, Borough of Manhattan, City of New York 10001, received.

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

October 3, 2024 (PF-LFS)
AFCO CREDIT CORPORATION DBA AFCO DIRECT DBA BANKDIRECT 
150 North Field Drive, Suite 190, Lake Forest, Illinois 60045

The addition of the trade name, LifeDirect, was approved, effective October 3, 2024. 

November 7, 2024 (LL-LFS)
GRAMEEN AMERICA, INC.
82-11 37th Avenue, Suite 607, Jackson Heights, New York 11372

Application for a branch license to engage in business as a licensed lender at the following branch office was approved:

• 93-22 Jamaica Ave, 2nd FL, Unit #3, Woodhaven, NY 11412

November 12, 2024 (LP-RID)
VITESSE TRUST COMPANY, LLC
234 5th Avenue, Suites 311-320, New York, NY 10001

Approval given pursuant to the New York Banking Law to conduct business as a limited purpose trust company.

November 13, 2024 (CC-LFS)
PAY-O-MATIC CHECK CASHING CORP. 
160 Oak Drive, Syosset, NY  11791

The license to engage in business as a casher of checks at the following locations have been surrendered, effective October 25, 2024: 

Branch office: 1283 Westchester Avenue, Bronx, NY 10459
Branch office: 86 West Broadway, New York, New York 10007

November 13, 2024 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY 
One M&T Plaza, Buffalo, NY 14203

Notification received, in accordance with Supervisory Policy G 8, of the closing of representative office at 3280 Peachtree Road, NE, Atlanta, Fulton County, Georgia 30305, effective August 1, 2024.

November 13, 2024 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY 
One M&T Plaza, Buffalo, NY 14203

Notification received, in accordance with Supervisory Policy G 8, of the closing of representative office at Yarrow Bay Plaza, 10510 NE Northup Way (Suite 350), Kirkland, King County, WA 98033, effective November 1, 2024.

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

November 13, 2024 (MB-MBD)
Full Service Branch
loanDepot.com, LLC
351 South Warren St., Office 309, Syracuse, NY 13202

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

November 13, 2024 (MB-MBD)
Cardinal Financial Company, Limited Partnership
4072 Hylan Blvd, Ste A1, Staten Island, NY 10308
Effective Date: November 4, 2024

Mortgage Banker Name Change(s):

November 12, 2024 (MB-MBD)
From: emm loans llc D/B/A Fortren Funding
To:  emm loans llc

Mortgage Broker Certificate Address Changes:
 

November 12, 2024 (BR-MBD)
Mark Thomas Favaloro D/B/A Aamtrust Mortgage
From: 19 Clifton Country Road, Suite 3C, Clifton Park, NY 12065
To: 10 Maxwell Drive, Suite 204, Clifton Park, NY 12065

November 12, 2024 (BR-MBD)
New York Processing, Inc.
From: 17 Leanore Drive, Farmingdale, NY 11735
To: 7 Mohawk Drive, Massapequa, NY 11758

November 13, 2024 (BR-MBD)
American Future In lieu of True Name American Millenium Company, L.L.C.
From: 601 Murray Road, East Hanover, NJ 07936
To: 179 South Livingston Ave, Livingston, NJ 07039

Mortgage Banker Branch License Address Changes:

November 12, 2024 (MB-MBD)
CrossCountry Mortgage, LLC
From: 500 Lake Cook Road, Suite 420, Deerfield, IL 60015
To: 570 Lake Cook Road, Suite 300 Office 3035, Deerfield, IL 60015

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

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: