Weekly Banking Bulletin

May 9, 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

May 1, 2025 (TR-CRB)
POPULAR BANK
85 Broad Street, 10th Floor, New York, NY 10004

Notice of intention to close branch office at 285 Madison Avenue, Borough of Manhattan, City of New York 10017, received.

The comment period on this notice will expire June 9, 2025.

May 5, 2025 (TR-CRB)
DIME COMMUNITY BANK
2200 Montauk Highway, Bridgehampton, NY 11932

Application dated May 5, 2025, for permission to open and occupy a branch office at 500 Boulevard of the Americas, Lakewood, Ocean County, New Jersey 08701, received.

May 6, 2025 (CU-CRB)
MUNICIPAL CREDIT UNION
22 Cortlandt Street, New York, NY 10007

Application dated May 6, 2025, for permission to change the location of its station from 755 Co-op City Blvd, Bronx, Bronx County, NY 10475 to 340 Baychester Avenue, Bronx, Bronx County, New York 10475, received.

Application to engage in the business of a Mortgage Banker under Article 12-D of the New York Banking Law:

May 6, 2025 (MB-MBD)
Applicant(s)
Carmen Yvonne Ketchum
Gary Bruce Fabian
Glenn Brian Stearns
Richard Francis Browne
Tamara Marie Richards
Thomas Noto 
Stearns Living Trust
Kind Holdings, LLC
Underdog Investments, LLC
As: Kind Lending, LLC
4 Hutton Centre Drive, Suite 1000, Santa Ana, CA 92707

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

May 7, 2025 (BR-MBD)
Applicant(s)
Yehuda A. Gross
As: YG BEZH, LLC 
In Lieu of True Name Premier Mortgage Brokerage LLC
317 Monmouth Ave. #206, Lakewood, NJ 08701

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

May 6, 2025 (MB-MBD)
Full Service Branch
UNMB Home Loans Inc.
164-19 Hillside Avenue, Suite 2, Jamaica, NY 11432

May 6, 2025 (MB-MBD)
Full Service Branch
East Coast Capital Corp.
400 East Pratt Street, 8th Floor, Suite #8, Baltimore, MD 21202

May 6, 2025 (MB-MBD)
Full Service Branch
Nationwide Mortgage Bankers, Inc.
11121 Carmel Commons Boulevard, Suite 340, Charlotte, NC 28226

May 6, 2025 (MB-MBD)
Full Service Branch
Guidance Residential, LLC
2562 Walden Avenue, Suite 105-106, Cheektowaga, NY 14225

May 6, 2025 (MB-MBD)
Full Service Branch
Embrace Home Loans, Inc.
175 Capital Boulevard, 4th Floor Office 467, Rocky Hill, CT 06067

May 6, 2025 (MB-MBD)
Full Service Branch
Prosperity Home Mortgage, LLC
338 West Lancaster Ave, Suite 1, Haverford, PA 19041

Application received pursuant to Section 594-b of the New York Banking Law and Part 410 of the Superintendent's Regulations for control interest:
 

May 7, 2025 (BR-MBD)
Applicant(s) 
Feng Zhan
To acquire interest in:
Feng Holding
13633 37th Ave, Suite 9A Office 7, Flushing, NY 11354

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

May 5, 2025 (SB-CRB)
LAKE SHORE SAVINGS BANK
128 E. 4th Street, Dunkirk, New York 14048

Application, pursuant to Section 412 of the Banking Law, for the conversion of Lake Shore Savings Bank from a stock-form federal savings bank to state-chartered savings bank, under the name Lake Shore Savings Bank, approved.

May 5, 2025 (SB-CRB)
LAKE SHORE SAVINGS BANK
128 E. 4th Street, Dunkirk, New York 14048

Application, pursuant to Section 12-a of the Banking Law, to exercise the federally permitted power to convert from a savings bank to a commercial bank, under the name Lake Shore Bank, approved.

(The conversion is in conjunction with Lake Shore Savings Bank’s conversion from federal to a state charter. Immediately prior to the conversion from a savings bank to a commercial bank, Lake Shore Savings Bank will have converted from a stock-form federal savings bank to a state-chartered savings bank.)

May 6, 2025 (SB-CRB)
APPLE BANK
122 East 42nd Street, New York, NY 10168

Bulletin item dated August 7, 2024, which appeared in the Weekly Bulletin dated August 16, 2024, advising of the approval to change the location of branch office from 33 Mamaroneck Avenue, White Plains, Westchester County, New York 10601 to 227 North Central Park Avenue, Hartsdale, Westchester County, New York 10530, on or after August 8, 2024, is amended to read as follows:

Authorization issued to open and occupy a branch office at 227 North Central Park Avenue, Hartsdale, Westchester County, New York 10530, on or after May 7, 2025.

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

May 7, 2025 (MB-MBD)
Full Service Branch
Everett Financial, Inc.
2151 Michelson Dr., Suite 125, Irvine, CA 92612

May 7, 2025 (MB-MBD)
Full Service Branch
loanDepot.com, LLC
1075 US Route 9, Basement A, Schroon Lake, NY 12870

May 7, 2025 (MB-MBD)
Full Service Branch
United Mortgage Corp.
123 NW 13th Street, Suite 202, Boca Raton, FL 33432

May 7, 2025 (MB-MBD)
Full Service Branch
GuardHill Financial LLC
8230 210th St., S, Suite 221, Boca Raton, FL 33433

May 7, 2025 (MB-MBD)
Full Service Branch
United Mortgage Corp.
3025 Hempstead Tpke, #3027, Levittown, NY 11756

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

May 7, 2025 (MB-MBD)
1st Priority Mortgage, Inc.
34 Washington Street, Suite A, Ellicottville, NY 14731
Effective Date: May 2, 2025

May 7, 2025 (MB-MBD)
1st Priority Mortgage, Inc.
9 West Main Street, Suite A, Honeoye Falls, NY 14472
Effective Date: May 2, 2025

Certificate to engage in the business of a Mortgage Broker Branch surrendered:
 

May 5, 2025 (BR-MBD)
American Capital Mortgage, Inc.
219-09 Jamaica Ave, Suite 105, Queens Village, NY 11428
Effective Date: May 2, 2025

Mortgage Broker Certificate Address Changes:
 

May 1, 2025 (BR-MBD)
Mainstream Funding Network, Inc.
From: 5586 Main Street, Williamsville, NY 14221
To: 960 Center Road Ste 2, West Seneca, NY 14224

Mortgage Banker Branch License Address Changes:
 

May 1, 2025 (MB-MBD)
CrossCountry Mortgage, LLC
From: 3000 North Military Trail, Suite 201, Boca Raton, FL 33431
To: 6001 Broken Sound Pkwy. NW, Suite 120, Boca Raton, FL 33487

May 1, 2025 (MB-MBD)
American Financial Network, Inc.
From: 9 Perlman Drive Suite 103, Spring Valley, NY 10977
To: 9 Perlman Drive Suite 106, Spring Valley, NY 10977

May 6, 2025 (MB-MBD)
Total Mortgage Services, LLC
From: 2907 Ocean Drive, Vero Beach, FL 32963
To: 12250 Tamiami Trail E, Suite 311, Naples, FL 34113

May 6, 2025 (MB-MBD)
CrossCountry Mortgage, LLC
From: 1900 NW Corporate Blvd, Suite 225W, Boca Raton, FL 33431
To: 1880 N Congress Ave, Suite 314, Boynton Beach, FL 33426

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: