Weekly Banking Bulletin

January 3, 2020

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

January 2, 2020
BROWN BROTHERS HARRIMAN
140 Broadway, New York, NY 10005-1101

Application pursuant to Section 12-a(3) of the Banking Law for a New York chartered private banker to exercise a federally permitted power (as such term is used in Section 12-a) of a national banking association to locate its office in the same room with, or in a room connecting with, any bank, trust company, savings bank, or national bank, to the same extent and subject to the same conditions set forth in Section 7.3001 of the regulations of the Office of the Comptroller of the Currency, 12 CFR §7.3001, received.

The comment period on this notice will expire February 3, 2020.


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

December 30, 2019 (BR-MBD)
Applicant(s)
Brian Albert Coughlin
James F. Donnelly
Robert Edward Hoffmann
As: Welcome Home Mortgage, LLC
1331 Silas Deane Hwy, Suite A, Wethersfield, CT 06109


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
October 17, 2019 1733240 Jonathan Liera Buena Park California
November 22, 2019 1826150 Milagros Coriano New Hyde Park New York
November 25, 2019 1560298 Andrey Lyudvikovskiy Brooklyn New York
December 6, 2019 991393 Nathanael David Hallmark Saratoga Springs New York
December 6, 2019 1923775 Keith Chamish Suffern New York
December 9, 2019 381444 Frank Anthony D'Asero Westminster California
December 9, 2019 1610079 Tyler Vincent Knowles Irvine California
December 10, 2019 112852 Justin J. Vicino East Hampton Connecticut
December 10, 2019 1896228 Mendel Greenfeld Spring Valley New York
December 11, 2019 1276075 Daniel Kenneth DeGrande Newport Coast California
December 11, 2019 1910463 Michael Pasley Pittsford New York

SECTION II

December 31, 2019 (CU-CRB)
HUDSON HERITAGE CREDIT UNION
25 Rykowski Lane, Middletown, NY 10941

The Plan of Conversion dated November 21, 2019, together with the Organization Certificate of Hudson Heritage Credit Union, were filed in the Office of the Superintendent of Financial Services, and an Authorization Certificate was issued in connection with the conversion of Hudson Heritage Federal Credit Union from federal to state charter, pursuant to Section 486 of the Banking Law, under the name Hudson Heritage Credit Union.  The conversion became effective as of close of business, December 31, 2019. 

In addition to the principal office noted above, the credit union will maintain the following stations:

111 Hulst Drive, Matamoras, Pike County, Pennsylvania 18336
273 Route 32, STE 1 & 2, Central Valley, Orange County, New York 10917
161 Dolson Avenue, #5, Middletown, Orange County, New York 10940
36 Boniface Drive, Pine Bush, Ulster County, New York 12566
131 East Main Street, Washingtonville, Orange County, New York 10922
117 Grand Street, Goshen, Orange County, New York 10924
17 Walnut Street, Montgomery, Orange County, New York 12549
2 Corwin Court, Newburgh, Orange County, New York 12550
234 Main Street, New Paltz, Ulster County, New York 12561
1 Hawk Drive, Haggerty Administration Building, New Paltz, Ulster County, New York 12561


January 1, 2020 (CU-CRB)
SUNMARK CREDIT UNION
1187 Troy Schenectady Road, Latham, NY 12110

The Plan of Charter Conversion of Sunmark Federal Credit Union dated September 26, 2019,  together with “Organization Certificate of Sunmark Credit Union, were filed in the Office of the Superintendent of Financial Services, and Authorization Certificate was issued in connection with the  conversion of Sunmark Federal Credit Union from federal to state charter, pursuant to Section 486 of the Banking Law, under the name Sunmark Credit Union.  The conversion became effective as of opening of business, January 1, 2020.

In addition to the principal office noted above, the credit union will maintain the following stations:

722 Hoosick Road, Troy, Rensselaer County, New York 12180
2 Tower Way, Clifton Park, Saratoga County, New York 12065
1847 Central Avenue, Albany, Albany County, New York 12205
267 Delaware Avenue, Delmar, Albany County, New York 12054
251 Saratoga Road, Schenectady, Schenectady County, New York 12302
1300 Altamont Avenue, Rotterdam, Schenectady County, New York 12303
404 Princeton Road, Rotterdam, Schenectady County, New York 12306
24 Trieble Avenue, Ballston Spa, Saratoga County, New York 12020
1616 Broadway, Schenectady, Schenectady County, New York 12306
113 Holland Avenue, Albany, Albany County, New York 12208
1277 Feura Bush Road, Feura Bush, Albany County, New York 12067
461 Nott Street, Schenectady, Schenectady County, New York 12308


January 2, 2020 (FB-FWB)
CANARA BANK
112, J C Road, Bangalore – 560-002 India

Approval given to change the location of branch from 405 Park Avenue, Borough of Manhattan, City of New York 10022 to 805 3rd Avenue, Borough of Manhattan, City of New York 10022, on or after January 3, 2020.


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

December 30, 2019 (MB-MBD)
Full Service Branch
Sistar Mortgage Company, Inc. In Lieu of SI Mortgage Company, Inc.
43 Crescent Street, Suite #20, Stamford, CT 06906

December 30, 2019 (MB-MBD)
Full Service Branch
Nationwide Mortgage Bankers, Inc. D/B/As:
Americasa Home Loans
NMBNOW
1400 Old Country Road, Suite 413A, Westbury, NY 11590

December 30, 2019 (MB-MBD)
Full Service Branch
William Raveis Mortgage, LLC
5 MacDonald Ave, Suite 1, Armonk, NY 10504

December 30, 2019 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
139 Chestnut Street, Suite 1, Nutley, NJ 07110

December 30, 2019 (MB-MBD)
Full Service Branch
Homestead Funding Corp.
121 Hamburg Street, East Aurora, NY 14052


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

December 31, 2019 (BR-MBD)
Equiventure Capital, LLC
250 West 90th Street, Suite 12C, New York, NY 10024
Effective Date: December 18, 2019


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

December 30, 2019 (MB-MBD)
MLD Mortgage Inc. D/B/As:
Mortgage Lending Direct
The Money Store
112-19 Liberty Avenue, 2nd Floor, Richmond Hill, NY 11419
Effective Date: December 20, 2019