Weekly Banking Bulletin

May 3, 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

May 1, 2019 (BK-CRB)
GOLD COAST BANK
2929 Expressway Drive North, Islandia, NY 11749

Notice of intention to close branch office at 176 Myrtle Avenue (formerly 81 Fleet Place), Borough of Brooklyn, City of New York 11201, received.


May 3, 2019 (CC-LFS)
ALL CHECK CASHING INC.
350-15 Main Street, East Patchogue, NY 11772 

Application was received to relocate a branch from 5040 Nesconset Highway, Route 347, Port Jefferson Station, NY 11776 to 4747-28 Nesconset Highway, Port Jefferson Station, NY 11776.

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

Any comments or objections should be submitted in writing, within ten business days, by May 17, 2019.


May 3, 2019
ORDER UNDER SECTION 12–a OF THE NEW YORK BANKING LAW

Notice of intent to issue an order pursuant to Section 12–a of the Banking Law to allow individuals to serve as trustees of a New York State-chartered mutual savings bank or as trustees of a mutual holding company formed by such a mutual savings bank or as directors of a New York State-chartered mutual savings and loan association or as directors of a mutual holding company formed by such a mutual savings and loan association (each a “mutual institution”) without regard to the limitations based on their family relationships that are set forth in Section 246.4 and Section 397.2(b)(3) of the Banking Law as applicable, provided that:

  1. Such mutual savings bank or mutual savings and loan association qualify as “well capitalized” and “well managed” and each insured depository institution controlled by a mutual institution also qualify as “well capitalized” and “well managed.”
  2. Not more than two of the members of the board of trustees or board of directors of a mutual institution and no more than one third of the members of any committee of such board, and of any quorum of such board or committee thereof, be individuals within the relationships specified in Section 246.4 and Section 397.2(b)(3) as applicable (“related individuals”).
  3. Not more than two related individuals be among the five highest compensated salaried officers of a mutual institution.
  4. Each mutual institution shall have adopted appropriate safeguards satisfactory to the Department that address any actual or potential conflicts of interest and that seek to assure that related individuals do not receive inappropriate favorable treatment compared to unrelated individuals.  Such policies and procedures should at a minimum provide for the independent evaluation of the performance of each related individual in his or her position and the independent approval of any compensation or other benefit paid to, or credit extended to, any related individual by the mutual institution or any affiliate thereof.

The comment period on this notice will expire June 3, 2019.


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

April 25, 2019 (MB-MBD)
Full Service Branch
Intercontinental Capital Group, Inc.  D/B/A Fellowship Home Loans
655 Kearny Avenue, Suite 202, Kearny, NJ 07032

April 30, 2019 (MB-MBD)
Full Service Branch
Royal United Mortgage, LLC
4770 Duke Drive, Suite 201, Mason, OH 45040

April 30, 2019 (MB-MBD)
Full Service Branch
Emigrant Mortgage Company, Inc.
95-20 63rd Road, Suite T, 2nd Floor, Rego Park, NY 11374


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

April 26, 2019 (BR-MBD)
Full Service Branch
Neighborhood Assistance Corporation of America
5855 Executive Center Drive, Suite # 400, Charlotte, NC 28212


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 NO. NAME OF APPLICANT CITY STATE

January 3, 2019

279824

Anupama Gupta

Monroe

New Jersey

January 22, 2019

987306

Travis David

Toms River

New Jersey

March 1, 2019

1652389

Klement Mucha

Cliffside Park

New Jersey

March 15, 2019

54085

Vladimir Kravchenko

Wading River

New York

March 21, 2019

1815494

Paul Michael Stavola

Massapequa

New York

March 25, 2019

1826210

Ernest A. Calabrese

Fair Haven

New Jersey

March 28, 2019

206094

John Brendan Moony

Chicago

Illinois

March 28, 2019

1833090

Charles J. Noonan

New Rochelle

New York

March 29, 2019

237073

Pejman Gabayan

Encino

California

March 29, 2019

844202

Laila Hallowanger Smith

Lewisville

Texas

March 29, 2019

1581719

Robert Thomas Heck

Long Island City

New York

March 29, 2019

1681326

Ronald John Cofone

The Colony

Texas

March 29, 2019

1812831

Chastity Longino

Lewisville

Texas

April 3, 2019

410852

Ernesta Verone Cornelius-Taylor

North Las Vegas

Nevada

April 3, 2019

1184076

Mwawi Jessica Kabisama

Lake Dallas

Texas

April 3, 2019

1812825

Jeffrey Ryan Burwell

Plano

Texas

April 3, 2019

1812826

Kiera Symone Jackson

Dallas

Texas

April 3, 2019

1812842

Scott Matthew Marshall

Dallas

Texas

April 8, 2019

60889

Ross Lelin

Woodbury

New York

April 10, 2019

1675788

Yesica L. Baez

Bronx

New York

April 10, 2019

1829591

Sophia Lorraine Adams

Brooklyn

New York

April 16, 2019

277722

Yuri Umanski

West Bloomfield

Michigan

April 16, 2019

887418

Laura Renee Adams

Shelby Township

Michigan

April 17, 2019

36347

Marissa Longo

Commack

New York

April 17, 2019

187983

Derek Franklin Florence

Gambrills

Maryland

April 17, 2019

201052

Erick Herman Brenke

Island Park

New York

April 17, 2019

625371

James A. Cyran

Islip

New York

April 18, 2019

1501698

Vernon Ashley Roque

Jacksonville

Florida

April 18, 2019

1571328

Jordyn Allison Lipthratt

Bluffton

South Carolina

April 19, 2019

1503722

James Allen Hancock

Annapolis

Maryland

April 22, 2019

1587518

John Garrett Woods

Grapevine

Texas

April 22, 2019

1766390

Rachel Lyn Nahrwold

Noblesville

Indiana

April 22, 2019

1843416

Linda Marie Jacopetti

Camarillo

California

April 23, 2019

75054

Dennis James Jaeger

Massapequa

New York

April 23, 2019

888646

Jacqueline Torres

Bayport

New York

April 24, 2019

1816720

Dino Anthony Palmieri

Oceanside

New York

April 24, 2019

1830579

Shareda Jicole Hardeman

Dallas

Texas

April 24, 2019

1830580

Thao Pham Mai Le

Garland

Texas

April 25, 2019

180729

Christina Cutolo

Boynton Beach

Florida


SECTION II

March 14, 2019 (SF-LFS)
DEPENDABLE CREDIT CORP.  
285 Saw Mill River Road, Yonkers, NY 10701    

License to engage in business as a sales finance company was surrendered.


April 17, 2019 (TR-CRB)
BNB BANK
2200 Montauk Highway, Bridgehampton, NY 11932

Approval given to change the location of branch office from 12 East 52nd Street, Borough of Manhattan, City of New York 10022 to 34 East 51st Street, Borough of Manhattan, City of New York 10022, on or after April 17, 2019.


April 29, 2019 (MI-CRB)
CATHAY BANK
777 North Broadway, Los Angeles, CA 90012

Authorization granting permission to open and occupy branch office at 23 Chatham Square, Borough of Manhattan, City of New York 10038, surrendered for cancellation.

Office discontinued as of April 26, 2019.


April 30, 2019 (CC-LFS)
NEW YORK COMMUNITY FINANCIAL, LLC U/A/N THE CHECK CASHING PLACE
U/A/N CFSC U/A/N COMMUNITY FINANCIAL SERVICE CENTER  

10 Elizabeth Street, River Edge, New Jersey   07661

Effective April 16, 2019, license to engage in business as a casher of checks for the branch located at 1570 Watson Avenue, Bronx New York, 10472-5326, was surrendered.


April 30, 2019 (BK-CRB)
PIERMONT BANK
4 Bryant Park, 3rd floor, New York, NY 10018

Organization Certificate filed for examination.

INCORPORATORS:
Wendy Hanwen Cai-Lee, Haworth, New Jersey
San Juanita Barrera, San Antonio, Texas
Julia Saryapranata Gouw, Pasadena, California
Tak-Chuen Clarence Kwan, New York, New York
Charles Roff, Houston, Texas
Jieyu Ding, Englewood, New Jersey
Frank Edward Fusco, Commack, New York


April 30, 2019 (BK-CRB)
SIGNATURE BANK
565 Fifth Avenue, New York, NY 10017

Notification received, in accordance with Supervisory Policy G 8, of the establishment of a representative office to be located at 1550 Wewatta Street, Suite 4035, Denver, Denver County, Colorado 80202.


April 30, 2019 (BK-CRB)
SIGNATURE BANK
565 Fifth Avenue, New York, NY 10017

Notification received, in accordance with Supervisory Policy G 8, of the establishment of a representative office to be located at 111 W. Illinois Street, Suite 5015, Chicago, Cook County, Illinois 60654.


April 30, 2019 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Applicant notified in writing that no objection will be interposed to the establishment of an electronic facility (automated teller machine) at Rutter's Farm Store #96, 20 Commerce Drive, Milroy, Armagh Township, Mifflin County, Pennsylvania 17063.


April 30, 2019 (BK-CRB)
ADIRONDACK BANK
185 Genesee Street, Utica, New York 13501

Authorization issued to open and occupy a branch office at 2426 Main Street, Lake Placid, Essex County, New York 12946, on or after May 1, 2019.


April 30, 2019 (BK-CRB)
NEWBANK
146-01 Northern Boulevard, Flushing, NY 11354

Authorization issued to open and occupy a branch office at 45-68 Francis Lewis Boulevard, Bayside, Borough of Queens, City of New York 11361, on or after May 1, 2019.


May 1, 2019
BAKKT TRUST COMPANY LLC (TR-CM)
55 East 52nd Street, 41st Floor, New York, NY 10055

Articles of Organization filed for examination.

Sharon Y. Bowen New York, NY
Kelly Loeffler Atlanta, GA
Frederic V. Salerno Hobe Sound, FL
Vincent Tese New York, NY
Adam White New York, NY

Certificate issued to engage in the business as a Mortgage Loan Servicer under Article 12-D of the New York State Banking Law:

April 30, 2019 (MS-MBD)
Goldman Sachs Mortgage Company
200 West Street, 5th Floor, New York, NY 10282-2198


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

April 29, 2019 (MB-MBD)
Full Service Branch
Residential Mortgage Services, Inc.
600 Old Country Road, Suite 310, Office 310 A, Garden City, NY 11530

May 1, 2019 (MB-MBD)
Full Service Branch
Fairway Independent Mortgage Corporation
430 New Park Avenue, Suite 101, Hartford, CT 06106


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

April 29, 2019 (BR-MBD)
Full Service Branch
Affordable Financial Services Ltd.
38 South Central Ave, Valley Stream, NY 11580


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

April 26, 2019 (BR-MBD)
Milton Hensley
200-19 Murdoch Avenue, St. Albans, NY 11412
Effective Date: March 31, 2019

April 30, 2019 (BR-MBD)
L. Barney and Associates, Inc.
248-14 Deepdale Avenue, Little Neck, NY 11362
Effective Date: March 31, 2019


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

April 30, 2019 (MB-MBD)
Freedom Mortgage Corporation
300 Cadman Plaza West, 12th Floor, Office 12072, Brooklyn, NY 11201
Effective Date: April 30, 2019

April 30, 2019 (MB-MBD)
Residential Home Funding Corp.  D/B/A RHF Wholesale
3225 Victory Boulevard, Suite #3, Staten Island, NY 10314
Effective Date: April 25, 2019

April 30, 2019 (MB-MBD)
Residential Home Funding Corp.  D/B/A RHF Wholesale
575 Underhill Boulevard, Suite 214, Syosset, NY 11791
Effective Date: April 25, 2019


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

April 30, 2019 (BR-MBD)
Urban Fulfillment Services, LLC
2800 Livernois Road, Building D, Suite #300, Troy, MI 48083
Effective Date: April 29, 2019

April 30, 2019 (BR-MBD)
Urban Fulfillment Services, LLC
1001 Liberty Avenue, Suite 675, Pittsburgh, PA 15222
Effective Date: April 29, 2019


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:

DATE APPLICATION WITHDRAWN NMLS NO. NAME OF APPLICANT CITY STATE

April 26, 2019

23011

Andrew John Moore

Walled Lake

Michigan

April 26, 2019

67594

Marcella S. Teeter

Syracuse

New York

April 26, 2019

563807

Ryan W. Christy

Millersport

Ohio

April 26, 2019

1219021

Charmaine Elizabeth Bazemore

Norristown

Pennsylvania

April 26, 2019

1231779

Anne Marie Urban

Crown Point

New York

April 26, 2019

1662161

Jan Alison Campbell

Travelers Rest

South Carolina

April 26, 2019

1771721

Joana Cipi

Warren

Michigan

April 26, 2019

1784019

Eric Scott Marsee

Sterling Heights

Michigan

April 26, 2019

1792951

Desirae Nicole Murray

Mexico

Missouri

April 26, 2019

1794635

Jeffery Allen Mullins

Newport

Michigan

April 26, 2019

1795215

Emmanuel Patrick Najor

Waterford Township

Michigan

April 26, 2019

1803413

Shawn Michael Statz

Columbia

Missouri

April 26, 2019

1806240

Stephanie Marie Zinsmeister

Parker

Colorado