Weekly Banking Bulletin

December 28, 2018

Section I

Section I 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

Section II 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

November 29, 2018 (TR-CRB)
ORANGE BANK & TRUST COMPANY
212 Dolson Avenue, Middletown, NY 10940

Bulletin item dated November 29, 2018, which appeared in the Weekly Bulletin dated December 7, 2018, advising of the receipt of the application for permission to change the location of branch office from 5-7 West Cross Street, Suite 7A, Hawthorne, Town of Mount Pleasant, Westchester County, New York 10532 to 859-861 Franklin Avenue, Thornwood, Town of Mount Pleasant, Westchester County, NY 10594, is amended to read as follows:

Notice of intention to close branch office at 5-7 West Cross Street, Suite 7A, Hawthorne, Town of Mount Pleasant, Westchester County, New York 10532, received.

The comment period on this notice will expire on January 28, 2019.

 

December 21, 2018 (MI-CRB)
REPUBLIC BANK
50 South 16th Street, Suite 2400, Philadelphia, Pennsylvania 19102

Notification of intention, dated December 17, 2018, to request permission to open and occupy a branch office at 90 Fifth Avenue, Borough of Manhattan, City of New York 10011, received.

 

December 24, 2018 (MI-CRB)
HUDSON VALLEY FEDERAL CREDIT UNION
137 Boardman Road, Poughkeepsie, NY 12603

Application, pursuant to Section 486 of the Banking Law, for the conversion of Hudson Valley Federal Credit Union to a New York State-chartered credit union, with a community-based field of membership which would include Westchester, Rockland, Putnam, Orange, Dutchess, Ulster, Columbia, Greene, Albany, Rensselaer, Saratoga, and Schenectady Counties, received.

The comment period on this application will expire on January 28, 2019.

 

December 26, 2018 (MI-CRB)
SAVOY BANCORP, INC.
600 Fifth Avenue, 17th Floor, New York 10020

Application, pursuant to Section 143-a of the Banking Law, to acquire 100% of the issued and outstanding shares of Savoy Bank, New York, New York, received.

The comment period on this application will expire on January 28, 2019.

 

ARTICLE 12E APPLICATIONS

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.

DATE OF APPLICATION NMLS ID NAME OF APPLICANT CITY STATE
9/6/2018 1705066 Kirk A. Vidal West Babylon New York
11/12/2018 97595 Annie Lois Johnson Salt Lake City Utah
11/13/2018 1034776 Michael Cuomo Wallingford Connecticut
11/19/2018 1788813 Lloyd Matthew Smith Sacramento California
11/20/2018 877107 Shoaib S. Muhammad Roslyn Heights New York
11/27/2018 994923 Andre Stevenson Dallas Texas
12/5/2018 979973 Herbert Russell Sonneborn Rocklin California
12/7/2018 849547 Joshua Tylor Edwards Pflugerville Texas
12/10/2018 598516 Eric Hunter deBrauwere West Orange New Jersey
12/12/2018 8405 John Michael Gaglia Concord New Hampshire
12/12/2018 86139 James Vincent Prieto Manchester New Hampshire
12/12/2018 781623 Elizabeth Ann Ciccone Port Monmouth New Jersey
12/12/2018 1652763 Karen Diane Sanders Fair Oaks California
12/13/2018 863373 Michael Joseph Blass Maplecrest New York
12/13/2018 933382 Daniel Lynch Holbrook New York
12/13/2018 1494337 Shuai Zhang Flushing New York
12/13/2018 1585131 Milad Fikrat Romaya West Bloomfield Michigan
12/13/2018 1800599 LaFrance George Rowlett Texas
12/14/2018 1762093 Thomas Frank Galarza Commack New York
12/17/2018 73638 Robert D. Foreman Raleigh North Carolina
12/17/2018 1334779 Ashley S. Lehman Elyria Ohio
12/17/2018 1715900 Zane Alexander Kilgore Lakewood Ohio
12/17/2018 1751859 Patrick M. Barnes Highland Heights Ohio
12/17/2018 1763171 Paul Joseph Butterfield Strongsville Ohio
12/17/2018 1794725 Rachel Anne Wike Lakewood Ohio
12/17/2018 1797430 Yuri Kakuriev Forest Hills New York

SECTION II

December 13, 2018, (PF - LFS)
IPFS OF NEW YORK, LLC
1055 Broadway, 11th Floor, Kansas City, Missouri 64105

A license rider was issued to reflect the relocation of a branch office effective January 1, 2019, as follows:

From:  12596 West Bayaud Avenue, Suite 120, Lakewood, Colorado 80228
To:  165 South Union Boulevard, Suite 366, Lakewood, Colorado 80228

 

December 21, 2018 (TR-CRB)
ORANGE BANK & TRUST COMPANY
212 Dolson Avenue, Middletown, NY 10940

Bulletin item dated December 7, 2018, which appeared in the Weekly Bulletin dated December 14, 2018, advising of the surrender for cancellation of the Authorization Certificate issued November 19, 2018, granting permission to open and occupy a branch office at 859-861 Franklin Avenue, Thornwood, Town of Mount Pleasant, Westchester County, NY 10594, is amended to read as follows:

Authorization Certificate issued November 19, 2018, granting permission to open and occupy a branch office at 859-861 Franklin Avenue, Thornwood, Town of Mount Pleasant, Westchester County, NY 10594, was surrendered in error. The branch is operational as of December 24, 2018.

 

December 21, 2018 (SB-CRB)
RIDGEWOOD SAVINGS BANK
71-02 Forest Avenue, Ridgewood, NY 11385

The following eight Authorization Certificates, granting permission to open and occupy branch offices at the below noted locations, were surrendered for cancellation:

  1. Mill River Tenants Association, 40 Maine Avenue, Rockville Centre, Nassau County, New York 11570 (Authorization Certificate issued January 18, 2007);
  2. Belmont Villas, 409 Wyandanch Avenue, West Babylon, Town of Babylon, Suffolk County, New York 11704 (Authorization Certificate issued September 13, 2011);
  3. Halandia Shores Senior Center, 2878 Grand Avenue, Baldwin Harbor, Town of Hempstead, Nassau County, New York 11510 (Authorization Certificate issued November 5, 2004);
  4. The Bristal Assisted Living at Massapequa, 400 County Line Road, Massapequa, Town of Oyster Bay, Nassau County New York 11758 (Authorization Certificate issued December 28, 2007);
  5. The Atria of Lynbrook, 100 Peninsula Boulevard, Lynbrook, Nassau County, NY 11563 (Authorization Certificate issued September 13, 2011);
  6. Maple Pointe Assisted Living, 260 Maple Avenue, Rockville Centre, Nassau County, New York 11570 (Authorization Certificate issued December 28, 2007);
  7. Brandywine Assisted Living at the Savoy, 55-15 Little Neck Parkway, Little Neck, Borough of Queens, City of New York 11362 (Authorization Certificate issued July 18, 2008); and
  8. Castle Senior Living at Plainview (now Somerset Gardens Senior Living), 150 Sunnyside Boulevard, Plainview, Town of Oyster Bay, Nassau County, New York 11803 (Authorization Certificate issued July 19, 2005).

(These locations were serviced by a mobile branch facility on a periodic basis. Operations were discontinued as of December 15, 2018.)

 

December 24, 2018 (BP-LFS)
MONEY MANAGEMENT INTERNATIONAL, INC.
14141 Southwest Freeway, Suite 1000, Sugar Land, Texas 77478

The branch license to engage in business as a budget planner at 215 Washington Street, Watertown, New York 13601 was surrendered.

 

December 26, 2018 (PB-FWB)
BROWN BROTHERS HARRIMAN & CO.
140 Broadway, New York, NY 10005

Verified Certificate to Continue Business as Private Bankers, filed for examination.

(These Private Bankers are already under the supervision of the Department. New Certificate submitted by reason of the proposed admission to the firm of Suzanne E. Brenner, G. Scott Clemons, Lorrie L. Gordon, and Michael J. McDonald as General Partners/Class 1 Limited Partners; the proposed conversion of Brian A. Berris from General Partner/Class 1 Limited Partner to Class 2 Limited Partner; and the withdrawal from the firm of Jeffrey R. Holland, a Class 2 Limited Partner.)

 

December 27, 2018 (CC-LFS)
PAY-0-MATIC CHECK CASHING CORP.
160 Oak Drive, Syosset, New York 11791

Effective December 17, 2018, license to engage in business as a casher of checks for the branch located at 551 Columbus Avenue, New York, NY 10024, was surrendered.

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

December 20, 2018 (MB-MBD)
PrimeLending, A PlainsCapital Company
777 Westchester Avenue, Suite #101, Office #149, White Plains, NY 10604
Effective Date: December 7, 2018

December 26, 2018 (MB-MBD)
E Mortgage Management LLC D/B/A Fortren Funding
70 South Orange Ave., Suite 102, Livingston, NJ 07039
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
12/12/2018 31057 Steven Yuan Yao College Point New York Advisors Mortgage Group, LLC
12/20/2018 981999 Lisa Lorraine Johnson Richmond Virginia Live Well Financial, Inc.
12/20/2018 1011958 Thomas Lee Bormann Massapequa New York American Advisors Group, Inc.