Weekly Banking Bulletin

July 17, 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

June 25, 2020 (MI-CRB)
SALISBURY BANK AND TRUST COMPANY
5 Bissell Street, Lakeville, CT 06039

Application dated June 18, 2020, for permission to change the location of branch office from 11 Garden Street, Poughkeepsie, Dutchess County, New York 12601 to 278 Mill Street #100, Poughkeepsie, Dutchess County, New York, 12601, received.


July 15, 2020 (MI-CRB)
BAXTER CREDIT UNION
340 N Milwaukee Avenue, Vernon Hills, IL 60061

Applications dated July 14, 2020 for permission to open and maintain stations at the following two locations, received:

  1. 300 Crosspoint Parkway, Getzville, Town of Amherst, Erie County, New York 14068; and
  2. 750 Woodbury Road, Woodbury, Town of Oyster Bay, Nassau County, New York 11797.

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
February 19, 2020 395696 Thomas J. Petsche East Northport New York
March 30, 2020 1719617 Sulvin Wadie Youanis Macomb Michigan
June 4, 2020 1963235 Tyrone Branch Brooklyn New York
June 5, 2020 1960720 Isaiah Philo Northville New York
June 8, 2020 1942669 Yonah Sabel Monsey New York
June 16, 2020 1953707 Jerae Carlus Allen Columbia Maryland
June 18, 2020 37291 Glenn Anthony Lombardo West Islip New York
June 23, 2020 585337 Ana Teresa Plaza Bridgeport Connecticut
June 25, 2020 1882148 Hunter Fields Saint James New York
July 8, 2020 1883131 Daejaun D. Northover Jersey City New Jersey
July 9, 2020 1968086 Joseph Luke Andriano Amityville New York
July 9, 2020 1997381 Anthony J. Aime Mount Vernon New York
July 10, 2020 1806451 Jared Eric Borodinsky Livingston New Jersey

SECTION II

July 15, 2020 (BK-CRB)
BANK OF AKRON
46 Main Street, Akron, NY 14001
AKRON SAFE DEPOSIT COMPANY (SD-CRB)
46 Main Street, Akron, NY 14001

The Superintendent of Financial Services has filed, pursuant to the provisions of Section 601-b of the Banking Law, as of 11:59 p.m., July 14, 2020, Agreement and Plan of Merger, dated as of June 9, 2020, and other required documents, providing for the merger of Akron Safe Deposit Company with and into the Bank of Akron, under the name Bank of Akron.

(The merger of the Akron Safe Deposit Company with and into the Bank of Akron will occur prior to a merger of the Bank of Akron with and into CNB Bank, Clearfield, PA.)


July 16, 2020 (BK–CRB)
ALMA BANK
28-31 31ST Street, Astoria, New York, 11102

The New York State Department of Financial Services entered into a Consent Order with Alma Bank pursuant to Sections 39 and 44 of the New York Banking Law, under which  Alma Bank shall pay a civil monetary penalty to the Department in the amount of $500,000 within ten business days of the full execution of  such Consent Order.


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

July 15, 2020 (MB-MBD)
Full Service Branch
A&D Mortgage LLC
3864 Sheridan Street, Suite A, Hollywood, FL 33021

July 15, 2020 (MB-MBD)
Full Service Branch
Nationstar Mortgage LLC D/B/As:
Champion Mortgage Company
Mr. Cooper
750 State Highway 121 Bypass, Suite 101, Lewisville, TX 75067

July 15, 2020 (MB-MBD)
Full Service Branch
loanDepot.com, LLC D/B/As:
LDWholesale
loanDepot
290 Citrus Tower Blvd, Suite 222, Clermont, FL 34711


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

July 15, 2020 (BR-MBD)
EMP Network, Inc.
732 Smithtown Bypass, Suite A55, Smithtown, NY 11787
Effective Date: December 10, 2019


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

July 15, 2020 (MB-MBD)
Luxury Mortgage Corp.
369 Lexington Avenue, 2nd Floor, Suite #214 & 215, New York, NY 10017
Effective Date: June 26, 2020


Mortgage Banker Branch License Address Changes:

July 15, 2020 (MB-MBD)
Advisors Mortgage Group, L.L.C.  D/B/A Fix-It Renovation Lending
From: 15375 Barranca Parkway, Suite B-211/212, Irvine, CA 92618
To: 23832 Rockfield Blvd, Suite 230, Lake Forest, CA 92630

July 15, 2020 (MB-MBD)
Premium Mortgage Corp.
From: 16 Computer Drive West, Suite101, Albany, NY 12205
To: 935 New Loudon Road, Suite 3A, Latham, NY 12110