Weekly Banking Bulletin

January 4, 2019

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 e-mail 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:

Institution Codes

BK Bank MB Mortgage Banker
BP Budget Planner BR Mortgage Broker
CC Check Casher MS Mortgage Servicer
CU Credit Union PF Premium Finance Agency
FA Foreign Agency PB Private Banker
FB Foreign Branch SD Safe Deposit Company
FR Foreign Representative Office SF Sales Finance Agency
HC Holding Company SL Savings and Loan Association
IC Investment Company SB Savings Bank
LL Licensed Lender TM Transmitter of Money
MK Merchant Bank TR Trust Company
MI Miscellaneous VC Virtual Currency

Regulatory Unit Codes

CM Capital Markets
CRB Community and Regional Banks
CEU Consumer Examination Unit
FWB Foreign and Wholesale Banks
LFS Licensed Financial Services
MBD Mortgage Banking

SECTION I

January 2, 2019 (PB-FWB)
BROWN BROTHERS HARRIMAN & CO.
140 Broadway, New York, New York 10005

Application, pursuant to Section 162 of the Banking Law, to increase permanent capital from $575 million to $590 million, received.


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

December 28, 2018 (MB-MBD)
Full Service Branch
United Mortgage Corp.  D/B/A NY Finest Funding
United Faith Mortgage
2 Huntington Quadrangle, Suite 2S01, Melville, NY 11747

December 28, 2018 (MB-MBD)
Full Service Branch
Ocwen Loan Servicing, LLC
16675 Addison Rd., Suite 100, Addison, TX 75001

January 2, 2019 (MB-MBD)
Full Service Branch
CrossCountry Mortgage, Inc.
270 Spagnoli Road, Suite 101, Melville, NY 11747


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

December 28, 2018 (BR-MBD)
Full Service Branch
The Mint Capital Inc
35 West Street, Unit 101, Office A, Spring Valley, NY 10977


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.

DATE OF APPLICATION NMLS ID NAME OF APPLICANT CITY STATE

November 12, 2018

331766

Ivor Maguel Samilton

Sacramento

California

November 12, 2018

1717116

Jelani Michael Keller

Sacramento

California

November 16, 2018

1739840

Tate William Fackrell

Carmichael

California

November 30, 2018

1280621

Emilios Artemiou

Wantagh

New York

December 6, 2018

149098

Masood Ahmad Malik

Valley Stream

New York

December 13, 2018

1814923

William David Haddad

Columbia

Missouri


SECTION II

December 7, 2018 (LL-LFS)
JCB INTERNATIONAL CREDIT CARD CO., LTD.
800 West Sixth Street - Suite 200, Los Angeles, CA 90017

License to engage in business as a licensed lender at the following location was surrendered:
800 West Sixth Street - Suite 200, Los Angeles, CA 90017


December 28, 2018 (MI-CRB)
NEW MILLENNIUM BANK
222 Bridge Plaza South, Fort Lee, New Jersey 07024

Authorization issued to open and occupy a branch office at 141-28A Northern Boulevard, Flushing, Borough of Queens, City of New York 11354, on or after December 29, 2018.


December 31, 2018 (BK-CRB)
PCSB BANK
2477 Route 6, Brewster, NY 10509

The “Amended and Restated Organization Certificate of PCSB Bank under Section 8007 of the Banking Law,” providing for the conversion of PCSB Bank from a savings bank to a commercial bank, pursuant to Section 12-a of the Banking Law, was approved on October 15, 2018, and filed in the Office of the Superintendent of Financial Services, as of 11:58 p.m., December 31, 2018.  An Authorization Certificate was issued in connection with the conversion.  The conversion became effective as of 11:58 p.m., December 31, 2018.


December 31, 2018 (BK-CRB)
PCSB BANK
2477 Route 6, Brewster, NY 10509
PCSB COMMERCIAL BANK (BK-CRB)
2477 Route 6, Brewster, NY 10509

The Superintendent of Financial Services has filed, pursuant to the provisions of Section 601-b of the Banking Law, as of 11:59 p.m., December 31, 2018, Plan of Merger, dated as of July 25, 2018, and other required documents, providing for the merger of PCSB Commercial Bank with and into PCSB Bank, under the name PCSB Bank.


January 2, 2019 (PB-FWB)
BROWN BROTHERS HARRIMAN & CO.
140 Broadway, New York, NY 10005

Application, pursuant to Section 162 of the Banking Law, to increase permanent capital from $575 million to $590 million, approved.


January 2, 2019 (PB-FWB)
BROWN BROTHERS HARRIMAN & CO.
140 Broadway, New York, NY 10005

Verified Certificate to Continue Business, approved and filed.


January 4, 2019 (CC-LFS)
PAY-O-MATIC CHECK CASHING CORP.
160 Oak Drive, Syosset, NY 11791

The branch license to engage in business as a casher of checks at 75-83 Classon Avenue, Brooklyn, NY 11205, was surrendered.


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

December 27, 2018 (MB-MBD)
Full Service Branch
American Financial Network, Inc.
500 Craig Road, Suite #202, Manalapan, NJ 07726

December 28, 2018 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
12121 Wilshire Blvd, Suite 350, Los Angeles, CA 90025


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

January 2, 2019 (MB-MBD)
E Mortgage Management LLC D/B/A Fortren Funding
2 Terri Lane, Suite #101, Burlington, NJ 08016
Effective Date: December 21, 2018


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

DATE OF APPROVAL NMLS ID NAME OF APPLICANT CITY STATE SPONSORING ENTITY

December 31, 2018

210878

Gary E. Jandersit

Manalapan

New Jersey

Northstar Funding Inc.

December 31, 2018

288071

Francis John Snyder

Elkins Park

Pennsylvania

New Penn Financial, LLC

December 31, 2018

390990

Elaine K. Bales

West Hempstead

New York

Residential Home Funding Corp.

December 31, 2018

1170047

Maurice Charles Russo

West Palm Beach

Florida

Ocwen Loan Servicing, LLC

December 31, 2018

1387902

Yixiao Lin

Brooklyn

New York

Prudential Borrowing, LLC

December 31, 2018

1420590

Theodore Allen Brackez

Huntington Beach

California

Nationstar Mortgage LLC

December 31, 2018

1501396

Joshua S. Dorismond

Brooklyn

New York

Contour Mortgage Corporation

December 31, 2018

1502992

Chance Dakota Hutchison

Boonville

Missouri

Mortgage Research Center, LLC

December 31, 2018

1543493

Elaine Marie Orsini

Watertown

Connecticut

Promontory Fulfillment Services LLC

December 31, 2018

1651137

Herman De Jesus

Bethlehem

Pennsylvania

The Center for New York City Neighborhoods, Inc.

December 31, 2018

1656855

George Frank Mitchell

Tuxedo Park

New York

212 Mortgage Group, Inc.

December 31, 2018

1704237

Stuart Wade Hardy

Prosper

Texas

Nationstar Mortgage LLC

December 31, 2018

1712042

Terry Di Tao

Flushing

New York

Summit Mortgage Bankers, Inc.

December 31, 2018

1723299

Eli Isaac Edelman

Brooklyn

New York

United Mortgage Corp.

December 31, 2018

1730795

Andy Bryan Cesti

Passaic

New Jersey

A-M-S Mortgage Services, Inc.

December 31, 2018

1735718

Julia D. Dubon

Bay Shore

New York

Associated Mortgage Bankers, Inc.

December 31, 2018

1736625

Brian Weill

Brooklyn

New York

FM Home Loans, LLC

December 31, 2018

1760380

Michael La Russo Tavares

Greenwich

Connecticut

FM Home Loans, LLC

December 31, 2018

1765635

Kathryn Bryant Buse-Oberto

Columbia

Missouri

Mortgage Research Center, LLC

December 31, 2018

1770466

Xiaojing Ren

Bellerose

New York

Mortgage World Bankers, Inc.

December 31, 2018

1772247

David Glauber

Brooklyn

New York

The Everest Equity Company, Inc.

December 31, 2018

1781695

John Scott Turner

Ashland

Missouri

Mortgage Research Center, LLC

December 31, 2018

1783679

Evan Sandra Whaley

Columbia

Missouri

Mortgage Research Center, LLC

December 31, 2018

1784994

Melanie Blake Gilmore

Columbia

Missouri

Mortgage Research Center, LLC

December 31, 2018

1785421

Heather Lynne Ottinger

Ashland

Missouri

Mortgage Research Center, LLC

December 31, 2018

1787907

Kye Israel Adams

Hallsville

Missouri

Mortgage Research Center, LLC

December 31, 2018

1789644

Catherine Wu

Syosset

New York

Reliant Home Funding, Inc.