Weekly Banking Bulletin

March 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
February 7, 2025 (SF- LFS)
FENIX C.G., LLC IN LIEU OF TRUE NAME OF FENIX CAPITAL GROUP, LLC 
603 East Street, Suite 401, Parkville, Missouri 64152

Application received for a license to engage in business as a sales finance company. 

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 12, 2025 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Notice of intention to close branch offices at the following 3 locations, received:

1. 1091 New York State Route 222, Cortlandville, Cortland County, New York 13045;
2. 118 Walnut Street, Lockport, Niagara County, New York 14094; and
3. 1580 Hertel Avenue, Buffalo, Erie County, New York 14216.

The comment period on this notice will expire April 14, 2025.

For a temporary relocation:
March 14, 2025 (LP-RID)
BAKKT TRUST COMPANY, LLC.
412 W. 15th St., New York, NY 10011

Application dated January 27, 2025 pursuant to Supervisory Procedure G 105 to change the principal office from 412 W. 15th St., New York, New York 10011 to temporary principal office at One Liberty Plaza, New York, New York 10006, received.

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

March 11, 2025 (BR-MBD)
Applicant(s)
Alan Majzner
As: RESIDESIMPLI, INC.
1110 South Ave, Suite 100, Room 57, STATEN ISLAND, NY 10314

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 28, 2025 (LPT-RID)
VITESSE TRUST COMPANY, LLC
234 Fifth Avenue, New York, NY 10001

Application dated February 27, 2025 pursuant to Supervisory Procedure G 105 for relocation and change the designation of the principal office located at 234 Fifth Avenue, New York, New York 10001 to 155 Fifth Avenue, New York, NY 10010, received.  The relocation is expected to take place by April 15, 2025.

March 6, 2025 (BP-LFS)
DEBT MANAGEMENT CREDIT COUNSELING CORP.         
1330 SE 4th Avenue, Suite F, Fort Lauderdale, Florida 33316

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

1330 SE 4th Avenue Suite F, Fort Lauderdale, Florida 33316

Effective December 31, 2024, Debt Management Credit Counseling Corp. is no longer authorized to conduct budget planner business in the State of New York.

March 11, 2025 (TR-CRB)
ORANGE BANK & TRUST COMPANY
212 Dolson Avenue, Middletown, NY 10940

As provided in Section 28-c of the Banking Law, the Superintendent of Financial Services has found that the proposed closing of branch office at 75 North Street, Middletown, Orange County, New York 10940, will not result in a significant reduction of financial services in the community to be affected.

March 11, 2025 (MI-CRB)
STATE STREET BANK AND TRUST COMPANY
One Congress Street, Suite 1, Boston, MA 02114

Notification received, in accordance with Supervisory Policy G 8, of the relocation of  representative office from 1290 Avenue of the Americas, Borough of Manhattan, City of New York 10104 to 601 Lexington Avenue, Borough of Manhattan, City of New York 10022, effective March 10, 2025.

March 14, 2025 (LL-LFS)
FTL Capital Partners, LLC D/B/A FTL Finance
820 S. Main Street, Suite 300, Saint Charles, Missouri 63301

Application for a license to engage in business as a licensed lender was approved effective February 27, 2025.

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

March 12, 2025 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
23 Vreeland Road, Suite 115, Florham Park, NJ 07932

March 12, 2025 (MB-MBD)
Full Service Branch
Advisors Mortgage Group, L.L.C.
218 Schanck Road, Suite 201, Freehold, NJ 07728

March 12, 2025 (MB-MBD)
Full Service Branch
US Mortgage Corporation
37 N. Orange Avenue, Suite 500 Office 526, Orlando, FL 32801

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

March 12, 2025 (MB-MBD)
Movement Mortgage, LLC
1150 South Avenue, Suite 304B, Staten Island, NY 10314
Effective Date: January 10, 2025

March 12, 2025 (MB-MBD)
Movement Mortgage, LLC
2003 Highway 71, Suite 2, Spring Lake, NJ 07762
Effective Date: January 10, 2025

March 12, 2025 (MB-MBD)
Movement Mortgage, LLC
1928 Williamsbridge Road, First Floor, Bronx, NY 10461
Effective Date: January 10, 2025

Mortgage Broker Certificate Address Changes:

March 11, 2025 (BR-MBD)
Quintessential Mortgage Group, LLC
From: 399 Knollwood Road, Suite 320, White Plains, NY 10603
To: 3 International Drive, Suite 205, Rye Brook, NY 10573

March 11, 2025 (BR-MBD)
Alpine Mortgage Services, LLC
From: 201 West Passaic Street, Suite 101, Rochelle Park, NJ 07662
To: 210 Summit Avenue, Suite A3, Montvale, NJ 07645

Mortgage Banker Branch License Address Changes:

March 11, 2025 (MB-MBD)
Guaranteed Rate, Inc.
From: 7373 N. Scottsdale Rd., Building D, Suite D-135, Scottsdale, AZ 85253
To: 11333 N. Scottsdale Road, Suite 280, Scottsdale, AZ 85254

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