Weekly Banking Bulletin

December 1, 2023

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 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

Regulatory Unit Codes

SECTION I

November 16, 2023 (TR-CRB)
DIME COMMUNITY BANK
2200 Montauk Highway, Bridgehampton, NY 11932

Application dated November 16, 2023, for permission to open and occupy a branch office at 1407 Broadway, Borough of Manhattan, City of New York 10018, received.

November 20, 2023 (BK-CRB)
AMERICAN COMMUNITY BANK 
300 Glen Street, Glen Cove, Nassau, NY 11542

Application dated November 20, 2023, for permission to open and occupy a branch office at 68 West Main Street, Oyster Bay Town & Hamlet, Nassau County, New York 11771, received.

November 27, 2023 (CU-CRB)
HERITAGE FINANCIAL credit union
25 Rykowski Lane, Middletown, NY 10941

Application dated November 22, 2023, for permission to open and maintain a station at Route 9D and 1472 Route 9D, Town of Fishkill, Dutchess County, NY 12524, received.

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

November 27, 2023 (MB-MBD)
Full Service Branch
1st Priority Mortgage, Inc.
35 Laurel Road, Suite 1A, East Northport, NY 11731

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

November 27, 2023 (BR-MBD)
Full Service Branch
Queen City Funding Inc.
12950 Race Track Road, Suite 208, Tampa, FL 33626

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.

SECTION II

November 21, 2023 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Authorizations granting permission to open and occupy branch offices at following six locations surrendered for cancellation:

• 200 New Hartford Road, Winsted, Litchfield County, Connecticut 06098;
• 1391 Main Street, Willimantic, Windham County, Connecticut 06226;
• 757 Straits Turnpike, Watertown, Litchfield County, Connecticut 06795;
• 930 North Colony Road, Wallingford, New Haven County, Connecticut 06492;
• 180 Danbury Road, New Milford, Litchfield County, Connecticut 06776; and
• 124 Salmon Brook Street, Granby, Hartford County, Connecticut 06035.

Offices discontinued as of November 17, 2023.

November 28, 2023 (SB-CRB)
RIDGEWOOD SAVINGS BANK
71-02 Forest Avenue, Ridgewood, NY 11385

Approval given to change the location of branch office from 382 Pelham Road, New Rochelle, Westchester County, New York 10805 to 25 Maple Avenue, New Rochelle, Westchester County, New York 10801, on or after November 29, 2023.

November 29, 2023 (TM-LFS)
RAKUTEN CARD USA, INC.
900 Concar Drive, 3F, San Mateo, CA 94402

License to engage in business as a licensed money transmitter company is surrendered.

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

November 28, 2023 (MB-MBD)
Full Service Branch
Homestead Funding Corp.
1253 Park Street, Suite UE8, Clearwater, FL 33756

November 28, 2023 (MB-MBD)
Full Service Branch
United Mortgage Corp.
19 South Main Street Rear Building, Office A1, Yardley, PA 19067

November 28, 2023 (MB-MBD)
Full Service Branch
United Mortgage Corp.
20 Crossways Park Drive North, Unit 110, Suite A, Woodbury, NY 11797

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

November 27, 2023 (MB-MBD)
Network Capital Funding Corporation
One World Trade Center, 57th Floor, New York, NY 10007
Effective Date: November 22, 2023

November 28, 2023 (MB-MBD)
CrossCountry Mortgage, LLC
1110 South Avenue, Suite 57, Staten Island, NY 10314
Effective Date: November 24, 2023

Mortgage Broker Certificate Address Changes:
 

November 29, 2023 (BR-MBD)
A-M-S Mortgage Services, Inc.
From: 375 Chestnut Street, 3C, Newark, NJ 07105
To: 18430 Brookhurst St, Ste 201E, Fountain Valley, CA 92708

Mortgage Broker Branch Certificate Address Changes:
 

November 29, 2023 (BR-MBD)
A-M-S Mortgage Services, Inc.
From: 18430 Brookhurst St, Ste 201E, Fountain Valley, CA 92708
To: 375 Chestnut St, 3C, Newark, NJ 07105