Weekly Banking Bulletin

February 14, 2025

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

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

February 12, 2025 (MB-MBD)
Full Service Branch
Movement Mortgage, LLC
115 E. Jefferson Street, Suite 300, Syracuse, NY 13202

February 12, 2025 (MB-MBD)
Full Service Branch
Ark-La-Tex Financial Services, LLC
140 South Main Street, Woodstock, VA 22664

February 12, 2025 (MB-MBD)
Full Service Branch
CrossCountry Mortgage, LLC
280 Route 211 East, Suite 3, Middletown, NY 10940

February 12, 2025 (MB-MBD)
Full Service Branch
Meadowbrook Financial Mortgage Bankers Corp.
150 Great Neck Road, Suite 101, Great Neck, NY 11021

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

February 12, 2025 (BR-MBD)
Full Service Branch
Progress Funding Inc.
7409 37th Ave, Suite 203b, Jackson Heights, NY 11372

Application to establish a Mortgage Banker's Branch received for examination amended to read as follows:

From:
January 28, 2025 (MB-MBD)
Full Service Branch
Nationwide Mortgage Bankers, Inc.
91 Lincoln Ave., Staten Island, NY 10306

To:
January 31, 2025 (MB-MBD)
Full Service Branch
Nationwide Mortgage Bankers, Inc.
91 Lincoln Ave., 1st Floor, Suite B, Staten Island, NY 10306

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
January 23, 2025 (SF-LFS)
BMW FINANCIAL SERVICES NA, LLC D/B/A ALPHERA FINANCIAL SERVICES   
200 BMW Drive, Woodcliff Lake, Bergen, New Jersey 07677

License rider was issued to reflect the change of main address from 300 Chestnut Ridge Road, Woodcliff Lake, Bergen, New Jersey, 07677 to 200 BMW Drive, Woodcliff Lake, Bergen, New Jersey, 07677.  

February 4, 2025 (MI-CRB)
CROSS RIVER BANK
885 Teaneck Road, Teaneck, NJ 07666

Authorization granting permission to open and occupy branch office at 2365 Nostrand Avenue, Borough of Brooklyn, City of New York 11210, surrendered for cancellation.

Office discontinued as of January 31, 2025.

February 6, 2025 (CC-LFS)  
AMITYVILLE PAYROLL SERVICE, INC. 
58A East Suffolk Avenue, Central Islip, New York 11722-2341

The license to engage in business as a casher of checks at the following location has been surrendered, effective December 28, 2024:

Branch office: 575 Broadway, Amityville, NY 11701

February 7, 2025 (LL-LFS)
AMERICAN HONDA FINANCIAL CORPORATION; D/B/A HONDA FINANCIAL SERVICES; D/B/A ACURA FINANCIAL SERVICES
1919 Torrance Blvd., Torrance, CA 90501

Application for a license to engage in business as a licensed lender was approved effective January 30, 2025.

February 7, 2025 (FA-FWB)
OVERSEA-CHINESE BANKING CORPORATION LIMITED
65 Chulia Street #08-00, OCBC Center, Singapore 049513

Approval given to change the location of agency from 1700 Broadway, Borough of Manhattan, City of New York 10019 to 66 Hudson Boulevard, Borough of Manhattan, City of New York 10001, on or after February 8, 2025.
 

February 12, 2025 (TM- LFS)
BITSTAMP USA, INC. 
27 Union Square West, Suite 205, New York, NY 10003

The change of control application from Robinhood Crypto, LLC to acquire 100% of Bitstamp USA, Inc., located at 27 Union Square West, Suite 205, New York NY 10003, was approved effective February 10, 2025.
 

Certificate issued to engage in the business of a Mortgage Broker under Article 12-D of the New York Banking Law:
 

February 12, 2025 (BR-MBD)
Prime Northeast, LLC In Lieu of True Name Prime Mortgage LLC
1280 US-46, Suite 7, Parsippany, NJ 07054

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

February 12, 2025 (MB-MBD)
Full Service Branch
loanDepot.com, LLC
743 Columbia Turnpike, Suite 9, East Greenbush, NY 12061

February 12, 2025 (MB-MBD)
Full Service Branch
CrossCountry Mortgage, LLC
111 Littleton Road, Suite 300, Parsippany, NJ 07054

February 12, 2025 (MB-MBD)
Full Service Branch
1st Priority Mortgage, Inc.
300 Canal Street, Ste 100, Goshen, NY 10924

February 12, 2025 (MB-MBD)
Full Service Branch
Total Mortgage Services, LLC
145 Newport Avenue, Pawtucket, RI 02861

February 12, 2025 (MB-MBD)
Full Service Branch
Rocket Mortgage, LLC
1201 Airway Boulevard, Suite C-3, Office #1, El Paso, TX 79925

February 12, 2025 (MB-MBD)
Full Service Branch
General Mortgage Capital Corporation
1000 W McNab Rd, Suite 252, Pompano Beach, FL 33069

February 12, 2025 (MB-MBD)
Full Service Branch
loanDepot.com, LLC
300 Brookside Ave Building 18, Suite 75, Ambler, PA 19002

February 12, 2025 (MB-MBD)
Full Service Branch
General Mortgage Capital Corporation
740 Roosevelt Ave, Suite 100, Irvine, CA 92620

February 12, 2025 (MB-MBD)
Full Service Branch
Movement Mortgage, LLC
126 Seven Farms Dr, Ste 170, Charleston, SC 29492

Mortgage Broker Certificate Address Changes:
 

February 12, 2025 (BR-MBD)
Salvation Financial Inc
From: 197 Rt 18 South Suite 201N, East Brunswick, NJ 08816
To: 197 Rt 18 South, Suite # 3000, East Brunswick, NJ 08816

Mortgage Banker Branch License Address Changes:
 

February 12, 2025 (MB-MBD)
Movement Mortgage, LLC
From: 6832 Morrison Blvd, Suite 130, Charlotte, NC 28211
To: 5935 Carnegie Blvd., Suite 103, Charlotte, NC 28209

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: