Weekly Banking Bulletin

May 2, 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

April 25, 2025 (BK-FWB)
SHINHAN BANK AMERICA
475 Park Avenue South, 4th Floor, New York, NY 10016

Application dated April 25, 2025, for permission to change the location of branch office from 150-29 Northern Boulevard, Flushing, Borough of Queens, City of New York 11354 to 144-49 Northern Boulevard, Unit 105, Flushing, Borough of Queens, City of New York 11354, received.
____________________________________________________________________________________

April 30, 2025 (TM-LFS)
CAMBRIDGE MERCANTILE CORP. (U.S.A.) DBA CAMBRIDGE GLOBAL PAYMENTS, DBA CORPAY 
1350 Broadway, Suite 810, New York, NY 10018

Notification received for the change of location from 1350 Broadway, Suite 810, New York, NY 10018 to 300 Park Ave., Suite 1203, New York, NY 10022.

The publication of receipt of this notification does not indicate that the notification is deemed complete.  A notification is deemed complete and filed when all required and requested information has been provided to the Department by the licensee.

April 30, 2025 (BK-CRB)
AMERICAN COMMUNITY BANK 
300 Glen Street, Glen Cove, NY 11542

Application dated April 30, 2025, for permission to open and occupy a branch office at 50 Jackson Avenue, Syosset, Nassau County, New York 11791, 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

April 8, 2025 (LL-LFS)
KASHABLE LLC
500 Fifth Avenue, 27th Floor, New York, NY 10110.

License was issued to reflect the change of main address from 489 Fifth Avenue, 18th Floor, New York, NY 10017 to 500 Fifth Avenue, 27th Floor, New York, NY 10110.

In connection with the above license issuance, the original license was surrendered.

April 25, 2025 (CU-CRB)
CFCU COMMUNITY CREDIT UNION
1030 Craft Road, Ithaca, NY 14850

Application for the Superintendent’s approval under Section 9016 of the Banking Law providing for the change of corporate name from CFCU Community Credit Union to Beginnings Credit Union effective July 1, 2025, approved.

For a permanent office relocation:

April 29, 2025 (LP-RID)
FIDUCIARY TRUST COMPANY INTERNATIONAL
1818 Library St., Reston, VA 20190

Approval given pursuant to Supervisory Procedure G 105 for relocation and change designation of the trust office located 1818 Library St., Reston, VA 20190 to 7918 Jones Branch Drive, McLean, VA 22102. The relocation is expected to take place by June 1, 2025.

April 29, 2025 (BK-CRB)
ALMA BANK
28-31 31st Street, Astoria, NY 11102

Approval given to change the location of branch office from 28-20 Ditmars Boulevard, Astoria, Borough of Queens, City of New York 11105 to 23-25 31st Street, Astoria, Borough of Queens, City of New York 11106, on or after April 30, 2025.

May 1, 2025 (CU-CRB)
HUDSON VALLEY CREDIT UNION
137 Boardman Road, Poughkeepsie, NY 12603

Approval given to change the location of its station from 1620 Route 22, Brewster, Putnam County, NY 10509 to 1505-1515 Route 22, Brewster, Putnam County, NY 10509, on or after May 2, 2025.

May 1, 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 North Plaza, 118 State Highway 320, Town of Norwich, Chenango County, New York 13815, will not result in a significant reduction of financial services in the community to be affected.

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

April 24, 2025 (MB-MBD)
CMG Mortgage, Inc.
445 Broad Hollow Road, Suite 225, Melville, NY 11747
Effective Date: April 18, 2025

April 28, 2025 (MB-MBD)
FM Home Loans, LLC
568 Cedar Lane, 1st Floor, Teaneck, NJ 07666
Effective Date: April 22, 2025

Mortgage Banker Branch License Address Changes:

April 29, 2025 (MB-MBD)
Nationstar Mortgage LLC
From: 2211 Old Earhart Road, Suite 250, Ann Arbor, MI 48105
To: 5440 Corporate Drive, Suite 200, Troy, MI 48098

April 30, 2025 (MB-MBD)
CMG Mortgage, Inc.
From: 4770 Biscayne Blvd, Ste 780, Miami, FL 33137
To: 4770 Biscayne Blvd, Ste 503, Miami, FL 33137

April 30, 2025 (MB-MBD)
CrossCountry Mortgage, LLC
From: 5500 Main Street, Suite 304, Williamsville, NY 14221
To: 5839 Main Street, Suite 101, Williamsville, NY 14221

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: