Weekly Banking Bulletin

November 1, 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,  Licensed Financial Services and Consumer Examination Unit 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:

Institution Codes

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

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

October 30, 2019 (MI-CRB)
SAVOY FINANCIAL CORP.
600 Fifth Avenue, 17th Floor, New York 10020

Application, pursuant to Section 143-a of the Banking Law, to acquire all of the outstanding stock of Savoy Bank, New York, New York, received.

The comment period on this application will expire on December 2, 2019.


November 1, 2019 (MT-LFS)
AFRICA REMITTANCE COMPANY, LLC D/B/A/ SIKACASH
2828 John F Kennedy Blvd. Suite 203, Jersey City, NJ 07306

Application received for a change of control that will result in the redistribution of the licensee’s outstanding stocks as follows: Kadiatou Diallo (29%), Adama Barry (29%), Nana Dankwa (9%), Frederick Biga (9%), Charles Yawson (9%), Mamadou Diallo (8%), and Ibrahima Diallo (7%).


November 1, 2019 (TR-CMD)
BRANCH BANK & TRUST COMPANY
90 Park Avenue, 25th Floor, New York, NY 10016

Pursuant to the provisions of Section 105-b of the Banking Law, notice of intention to establish and maintain an additional trust office at 610 5th Avenue-4th Floor, Borough of Manhattan, City of New York 10020 received.


November 1, 2019 (MT-LFS)
PAYNEARME MT, INC.
5201 Great America Parkway. Suite 510, Santa Clara, CA 95054

Application received for change of control whereby the voting and outstanding stock of Handle Financial, Inc., the parent company of PayNearMe MT, Inc., will be redistributed as follow:  Daniel J. Shader 14.30%; August Capital 14.39%; Costanoa Ventures 25.08%; True Ventures 31.95%; Union Grove Partners 3.40%; and other existing investors 10.89%.

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 licensee.


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

October 28, 2019 (MB-MBD)
Full Service Branch
Fairway Independent Mortgage Corporation
1640 Post Rd, Fairfield, CT 06824

October 28, 2019 (MB-MBD)
Full Service Branch
loanDepot.com, LLC   D/B/As:
LDWholesale
loanDepot
21 Old Main Street, Suite 203, Fishkill, NY 12524

October 28, 2019 (MB-MBD)
Full Service Branch
Finance of America Mortgage LLC
14726 Ramona Avenue, Suite 300, Chino, CA 91710


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

October 30, 2019 (MB-MBD)
Applicant(s)
Brendan Michael Brogan
David Alexander Adamo
Steven M Ujvary
Barry Stuart Sternlicht
SMRF TRS, LLC
Starwood Non-Agency Lending, LLC
Starwood Residential Finance, LLC
Starwood Property Trust, Inc.
To acquire interest in:
Luxury Mortgage Corp.
Four Landmark Square, Suite 300, Stamford, CT 06901


Article 12-E Applications (“MLO”) 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
July 14, 2019 51216 Robert Emmanuel Cabral

Bronx

New York
September 18, 2019 1237503 Yitian Ren

Plantation

Florida
October 2, 2019 1771470 Ian Conrad Moews

Chesterfield

Michigan
October 2, 2019 1845787 Hannah Kristen Sheridan

Allen Park

Michigan
October 2, 2019 1889712 Zachary Michael Fightmaster

Brownstown Charter Township

Michigan
October 2, 2019 1889980 Alexis Nicole Martinez

Detroit

Michigan
October 3, 2019 1845362 Ali Hassan Harb

Dearborn

Michigan
October 4, 2019 91246 Brian Albert Coughlin

North Haven

Connecticut
October 4, 2019 1495208 Maria Catherine Ricci

Bronx

New York
October 4, 2019 1889927 Sonja May Meyer

Lincoln Park

Michigan
October 8, 2019 1300776 Christina A. Melo

Clifton

New Jersey
October 10, 2019 726127 Beth Lee Toto-Schlendorf

Eastport

New York
October 10, 2019 1088100 Jason James Braxton

Phoenix

Arizona
October 14, 2019 1685241 Taylor Kristen House

Columbia

Missouri
October 16, 2019 618018 Robert David Ryan-Rounseville

Clifton

New Jersey
October 17, 2019 1050375 Cengiz Ratip Bolvadin

Patchogue

New York
October 17, 2019 1877743 Jasmine Yache Smith

Oak Park

Michigan
October 18, 2019 1891306 William David Martin

Dallas

Texas
October 18, 2019 1897854 Nicholas Paul Pothos

Commack

New York
October 21, 2019 450562 Michael Anthony Fontana

Huntersville

North Carolina
October 22, 2019 241641 Leanea D. Sonds

Copiague

New York
October 22, 2019 1543084 Ronald Dean Miller

Sherwood

Oregon
October 23, 2019 1812349 Ellen Frances Buchner

Rockville Centre

New York
October 24, 2019 202421 Richard Levon Arabian

Newport Beach

California
October 24, 2019 1134819 Luis Villalta

Bronx

New York
October 25, 2019 12734 Jason Robert Howell

Northville

Michigan

SECTION II

October 1, 2019 (LL-LFS)
OMNI FINANCIAL OF NEVADA, INC.
6655 W. Sahara Avenue, Suite C104, Las Vegas, NV, 89146

License to engage in business as a licensed lender at the following location was surrendered:
26000 US RT 11, Evans Mills, NY 13637


October 28, 2019 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Authorization granting permission to open and occupy a branch office at 409 East 25th Avenue, Altoona, Blair County, Pennsylvania 16601, surrendered for cancellation.

Office discontinued as of October 22, 2019.


October 29, 2019 (LL-LFS)
FUNDATION GROUP LLC
11501 Sunset Hills Road, Suite 100, Reston, VA 20190

Application filed by Fundation Group LLC to engage in doing business as a licensed lender was approved effective October 23, 2019.

Authorization to open a branch office at 9 East 37th Street, 2nd Floor, New York, NY 10016, on or after October 23, 2019 was granted.


October 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 1004 East Pulaski Highway, Town of Elkton, Cecil County, Maryland 21921.


November 1, 2019 (CC-LFS)
ALL CHECK CASHING INC.
350-15 Main Street, East Patchogue, NY 11772  

A license was issued to conduct business as a licensed casher of checks at 4747-28 Nesconset Highway, Port Jefferson Station, NY 11776.

Simultaneous with the above license issuance, All Check Cashing, Inc. surrendered its license at 5040 Nesconset Highway, Route 347, Port Jefferson Station, NY 11776.


November 1, 2019 (TR-CMD)
EQUINITI TRUST COMPANY
90 Park Avenue, New York, NY 10016

Applicant notified by the Superintendent of Banks that pursuant to the provisions of Section 105-b of the Banking Law, no objection will be interposed to the establishment of a trust office at 202 Summit Boulevard, Cherry Hills Village, Colorado 80113.


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

October 28, 2019 (MS-MBD)
Full Service Branch
Fay Servicing, LLC
8001 Woodland Center Blvd., Suite 100, Tampa, FL 33614


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

October 28, 2019 (MB-MBD)
Live Well Financial, Inc.
1011 Boulder Springs Drive, Suite 420, Richmond, VA 23225
Effective Date: July 10, 2019


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

October 29, 2019 (BR-MBD)
Michael C. Orlando
3401 Merrick Road, Suite 1, Wantagh, NY 11793
Effective Date: September 17, 2019


License to engage in the business of a Mortgage Banker Branch surrendered:
October 28, 2019 (MB-MBD)
Full Service Branch
Live Well Financial, Inc.
3655 Nobel Drive, Suite #250, San Diego, CA 92122
Effective Date: July 10, 2019