Weekly Banking Bulletin

February 21, 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

February 14, 2025 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY 
One M&T Plaza, Buffalo, NY 14203

Application dated February 14, 2025, for permission to open and occupy a branch office at 301 Mission Boulevard, Baltimore, Baltimore City, Maryland 21230, received.

February 14, 2025 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY 
One M&T Plaza, Buffalo, NY 14203

Application dated February 14, 2025, for permission to open and occupy a branch office at 1224 Stratford Avenue, Bridgeport, Fairfield County, Connecticut 06607, received.

February 14, 2025 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Notice of intention to close branch office at 99 Newtown Lane, East Hampton, Suffolk County, New York 11937, received.

The comment period on this notice will expire March 24, 2025.

February 18, 2025 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Notice of intention to close branch office at 384 Plandome Road, Manhasset, Nassau County, New York 11030, received.

The comment period on this notice will expire March 24, 2025.

February 18, 2025 (FA-FWB)
KEB HANA BANK 
66, Euljiro, Jung-gu, Seoul 100-793, Republic of Korea

Application pursuant to Section 203 of the Banking Law to change the location of the agency office from 460 Park Avenue, Borough of Manhattan, City of New York 10022 to 1185 Avenue of the Americas, Borough of Manhattan, City of New York 10036, received.

February 18, 2025 (BK-CRB)
AMERASIA BANK
41-06 Main Street, Flushing, NY 11355

Application dated February 18, 2025, for permission to open and occupy a branch office at 7970 Northwest 36th Street, Doral, Miami-Dade County, Florida 33166, received.

February 18, 2025 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY 
One M&T Plaza, Buffalo, NY 14203

Notice of intention to establish an electronic facility (automated teller machine) at 1 Winning Drive, Owings Mills, Baltimore County, Maryland 21117, received.

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

February 14, 2025 (MB-MBD)
Full Service Branch
1st Tribal Lending
205 E Benson Blvd, Ste 210L, Anchorage, AK 99503

February 19, 2025 (MB-MBD)
Full Service Branch
loanDepot.com, LLC
500 Airport Executive Park, Suite 509, Nanuet, NY 10954

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 4, 2025 (TR-FWB)
BROWN BROTHERS HARRIMAN INSTITUTIONAL TRUST COMPANY OF NEW YORK, LLC 
140 Broadway, New York, New York 10005

Notification received, in accordance with Supervisory Policy G 8, of the establishment of a representative office to be located at 77 West Wacker Drive, Suite 2700, Chicago, Cook County, Illinois 60601.

February 19, 2025 (TM-LFS)
SONALI EXCHANGE CO. INC.   
31-10 37th Avenue, Suite # 303, Long Island City, New York 11101  

Application for change of location from 336 E 45th Street, FL8, New York, New York 10017 to 31-10 37th Avenue, Suite # 303, Long Island City, New York 11101 was approved.

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

February 19, 2025 (MB-MBD)
Full Service Branch
General Mortgage Capital Corporation
217-14 Northern Blvd, Unit 205, Bayside, NY 11361

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

February 13, 2025 (MB-MBD)
Nationwide Mortgage Bankers, Inc.
40-42 Main Street. Suite 203, Flushing, NY 11354
Effective Date: February 11, 2025

February 13, 2025 (MB-MBD)
US Mortgage Corporation
620 Route 25A, Suite C, Mount Sinai, NY 11766
Effective Date: January 10, 2025

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