Weekly Banking Bulletin

May 29, 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 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 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 Cashier MS Mortgage Servicer
CU Credit Union PF Premium Finance Agency
FA Foreign Agency PB Private Banker
FB Foreign Branch SB Savings Bank
FR Foreign Representative Office SD Safe Deposit Company
HC Holding Company SF Sale Finance Agency
IC Investment Company SL Savings and Loan Association
LL Licensed Lender SL Student Loans
MK Merchant Bank TM Transmitter of Money
MI Miscellaneous TR Trust Company
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

February 27, 2020 (BP-LFS)
CONSUMER CREDIT COUNSELING SERVICE OF BUFFALO, INC.
DBAs: CCCS OF CHAUTAUQUA, CATTARAUGUS AND ALLEGHANY COUNTIES; CCCS OF ERIE AND WYOMING COUNTIES; CCCS OF NIAGARA, ORLEANS and GENESEE COUNTIES
40 Gardenville Parkway, Suite 300, West Seneca, NY 14224

A notification was received in connection with the addition of an assumed name, Money Mentors.

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


May 27, 2020 (TR-CRB)
ORANGE BANK & TRUST COMPANY
212 Dolson Avenue, Middletown, NY 10940

Applications dated April 29, 2020 and May 13, 2020, respectively, for permission to open and occupy branch offices at the following two locations, received:

  1. 1978 Williamsbridge Road, Borough of Bronx, City of New York 10461; and
  2. 374 South Middletown Road, Nanuet, Town of Clarkstown, Rockland County, New York 10954.

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

May 27, 2020 (MB-MBD)
Applicant(s)
BlackRock, Inc.
HC Partners LLC fka Highfields Capital Investments LLC
Jonathon Scott Jacobson
PNMAC Holdings, Inc. fka PennyMac Financial Services, Inc.
Private National Mortgage Acceptance Company, LLC
PennyMac Financial Services, Inc. fka New PennyMac Financial Services, Inc.
Stanford Lee Kurland
As: PennyMac Loan Services, LLC
3043 Townsgate Road, Suite 200, Westlake Village, CA 91361


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

May 27, 2020 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
2861 Executive Drive, Suite 100, Clearwater, FL 33762


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 ID NO. NAME OF APPLICANT CITY STATE
January 31, 2020

 

4610

 

Glenn Henry Radford

 

Marietta

 

Georgia

 

February 28, 2020

 

545835

 

Allison Michelle Hilliard

 

Charlotte

 

North Carolina

 

March 10, 2020

 

1626270

 

Cody Cameron Shea

 

Fairfield

 

Connecticut

 

May 14, 2020

 

1905374

 

Francesca Liberata Cozzi

 

Smithtown

 

New York

 

May 18, 2020

 

1142355

 

Mario Walker

 

West New York

 

New Jersey

 

May 20, 2020

 

557707

 

James Matthew Karpinski

 

Mantua

 

New Jersey

 


SECTION II

May 8, 2020 (SF-LFS)
PORT FUNDING INC.
96 East Main Street–Suite 8, East Islip, NY 11730

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


May 21, 2020 (FR-FWB)
SUMITOMO MITSUI BANKING CORPORATION
1-1-2, Marunouchi, Chiyoda-ku, Tokyo, Japan

License to open and operate a representative office at 1 North Lexington Avenue, White Plains, New York 10601, issued.


May 26, 2020 (SF-LFS)
T-MOBILE USA, INC. IN ACQUISITION OF SPRINT SPECTRUM, LP D/B/A SPRINT
SPRINT SPECTRUM, LP
6200 Sprint Parkway, Overland Park, KS 66251

Application for a change of control whereby T-Mobile USA, Inc., a wholly owned subsidiary of T-Mobile US, Inc. will own 100% of Sprint Corporation; and T-Mobile US, Inc. will become the full indirect owner of Sprint Corporation and all of its subsidiaries, including Sprint Spectrum, LP, was approved effective May 7, 2020.


May 26, 2020 (BP-LFS)
CONSUMER CREDIT COUNSELING SERVICE OF ROCHESTER, INC. DBA RETHINKINGDEBT.ORG
1000 University Avenue, Suite 900, Rochester, NY 14607

The application for a license to engage in business as a budget planner at the following branch location was approved, effective May 26, 2020:

5600 Brainerd Road, Suite E-1, Chattanooga, TN 37411


May 22, 2020 (SF-LFS)
SIF V, LLC. TO ACQUIRE INTEREST IN TAMMAC HOLDINGS CORPORATION  
1313 N. Market Street, Suite 5100, Wilmington, Delaware 19801  

Application for a change of control, whereby SIF V, LLC. located at 1313 N. Market Street, Suite 5100, Wilmington, DE 19801, to acquire 27.36% of Tammac Holdings Corporation, was approved effective May 14, 2020.


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

May 27, 2020 (MB-MBD)
Full Service Branch
Equity Now Inc.
52 East High Street, Suite 201, 202, Carlisle, PA 17013


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

May 27, 2020 (BR-MBD)
Full Service Branch
Astar Home Capital Inc
58 Main Street, Suite 103, Bloomingburg, NY 12721


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

May 26, 2020 (BR-MBD)
Eileen Witschger   D/B/A Mortgage Decisions
123 81st Avenue, Kew Gardens, NY 11415
Effective Date: May 26, 2020


Mortgage Banker License Address Changes:

May 27, 2020 (MB-MBD)
FFC Mortgage Corp.
From: 155 Corporate Woods, Suite 320, Rochester, NY 14623
To: 70 Linden Oaks, Suite 30, Rochester, NY 14625


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 NO. NAME OF APPLICANT CITY STATE SPONSORING ENTITY
May 27, 2020

 

1456207

 

Robert Gamalier Beato

 

Wyandanch

 

New York

 

Bridgeview Mortgage Corp.

 

May 27, 2020

 

1494056

 

James William Schott

 

Wyncote

 

Pennsylvania

 

Skyline Capital LLC

 

May 27, 2020

 

1664146

 

Ross Heaton

 

Sparkill

 

New York

 

Accountable Financial Management Corporation

 

May 27, 2020

 

1695818

 

Dawn Madelon Barclay

 

New City

 

New York

 

Ark Mortgage, Inc.