Weekly Banking Bulletin

March 28, 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

March 21, 2025 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Notice of intention to close branch office at North Plaza, 118 State Highway 320, Town of Norwich, Chenango County, New York 13815, received.

The comment period on this notice will expire April 28, 2025.

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

March 26, 2025 (BR-MBD)
Applicant(s)
Jon Theodore Hoffis
Ricky Irving Peters
As: Southend Financial LLC
191 N Main Street, Suite 2, Rutherfordton, NC 28139

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

March 20, 2025 (MB-MBD)
Full Service Branch
American Neighborhood Mortgage Acceptance Company LLC
888 Veterans Memorial Highway, Suite 505, Hauppauge, NY 11788

March 25, 2025 (MB-MBD)
Full Service Branch
Embrace Home Loans, Inc.
35 Braintree Hill Office Park, Suite 109, Braintree, MA 02184

March 26, 2025 (MB-MBD)
Full Service Branch
Ark Mortgage, Inc.
380 Townline Rd, Suite 180, Hauppauge, NY 11788

March 26, 2025 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
225 Broadway, Suite 307, Methuen, MA 01844

March 26, 2025 (MB-MBD)
Full Service Branch
loanDepot.com, LLC
108 S 5th St., Suite 102, Reading, PA 19602

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

March 19, 2025 (BK-FWB)
SHINHAN BANK AMERICA
475 Park Avenue, 4th Floor, New York, NY 10016

Authorization granting permission to open and occupy a branch office at 136-20 38th Avenue (a/k/a 136-17 39th Avenue), Flushing, Borough of Queens, City of New York 11354, surrendered for cancellation.

Office discontinued as of March 14, 2025.

For a permanent office relocation: 
March 20, 2025 (LP-RID)
VITESSE TRUST COMPANY LLC
234 Fifth Avenue, New York, NY 10001

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

March 25, 2025 (TM-LFS)
BILT PAYMENTS LLC
31 Bond Street, Floor 6, New York, NY 10012

Application to engage in the business of a transmitter of money pursuant to Article XIII-B of the Banking Law, was approved effective March 14, 2025.

March 25, 2025 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

As provided in Section 28-c of the Banking Law, the Superintendent of Financial Services has found that the proposed closing of the branch office at 99 Newtown Lane, East Hampton, Suffolk County, New York 11937, will not result in a significant reduction of financial services in the community to be affected.

March 25, 2025 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

As provided in Section 28-c of the Banking Law, the Superintendent of Financial Services has found that the proposed closing of the branch office at 384 Plandome Road, Manhasset, Nassau County, New York 11030, will not result in a significant reduction of financial services in the community to be affected.

March 26, 2025 (CRB)
The ADIRONDACK TRUST COMPANY
473 Broadway, Saratoga Springs, NY 12866

The Superintendent’s final approval of the “Certificate of Amendment of the Organization Certificate of The Adirondack Trust Company under Section 8005 of the Banking Law” was granted.

The amendment provides for the authorization of 160,000 shares of capital stock at par value of $50 per share.

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

March 20, 2025 (MB-MBD)
Nationwide Mortgage Bankers, Inc.
960 Bellmore Avenue, Suite 4, Bellmore, NY 11710
Effective Date: March 18, 2025

Mortgage Banker License Address Changes:
 

March 25, 2025 (MB-MBD)
NewRez LLC D/B/A Rate30
Shellpoint Mortgage Servicing
From: 601 Office Center Drive, Suite 100, Fort Washington, PA 19034
To: 1100 Virginia Drive, Suite 125, Fort Washington, PA 19034

Mortgage Banker Branch License Address Changes:
 

March 25, 2025 (MB-MBD)
Guaranteed Rate, Inc.
From: 5621 Strand Boulevard, Suite 208, Naples, FL 34110
To: 2590 Northbrooke Plaza Dr., Suite #302, Naples, FL 34119

March 25, 2025 (MB-MBD)
Ark-La-Tex Financial Services, LLC
From: 4783 Farmingdale Drive, Suite 108, Colorado Springs, CO 80918
To: 6189 Lehman Dr, Suite 200, Colorado Springs, CO 80918

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