Weekly Banking Bulletin

September 11, 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

September 3, 2020 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Application dated September 3, 2020, for permission to change the location of branch office from 101 South Salina Street, Syracuse, Onondaga County, New York 13202 to 250 South Clinton Street, Syracuse, Onondaga County, New York 13202, received.


September 4, 2020 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Notice of intention to close branch office at 12 Chapel Street, Town of Prattsburg, Steuben County, New York 14873, received.

The comment period on this notice will expire October 13, 2020.


September 4, 2020 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Notice of intention to close branch office at 9013 Main Street, P.O. Box 97, Town of Rushford, Allegany County, New York 14777, received. 

The comment period on this notice will expire October 13, 2020.


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

July 12, 2018 (MB-MBD)
From:
Applicant(s)
BKM Holdings, LLC
Paramount GR Holdings, LLC
Paramount Owner Holding Company, INC
Bennet Martin Van de Bunt
Hayden Dickinson Barnard
John Jason Walker
Kevin Robert Knee
Matthew Jared Dawson
Michael Raymond Berte
Raymond Jozef Snytsheuvel
As: Paramount Equity Mortgage, LLC
8781 Sierra College Blvd., Roseville, CA 95661

To:
September 9, 2020
Barnard Family Trust
Tanguy Vincent Serra
Jay Stuart Laifman
BKM Holdings, LLC
Paramount GR Holdings, LLC
Paramount Owner Holding Company, INC
Hayden Dickinson Barnard
John Jason Walker
Matthew Jared Dawson
As: Paramount Partners, LLC In lieu of true name Loanpal, LLC
8781 Sierra College Blvd., Roseville, CA 95661


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 # Applicant Name City State
June 4, 2020 1979568 Mark Edward Zecher Huntington New York
July 21, 2020 19871 Shmuel Shayowitz Bergenfield New Jersey
July 22, 2020 1956286 Shahidul K. Chowdhury Ozone Park New York
July 29, 2020 1976290 Kathleen Forgensi Tedesco Fairport New York
July 30, 2020 145192 Larry Aboudi Brooklyn New York
August 6, 2020 333476 Gary A. Walker Elmont New York
August 11, 2020 1168849 Katia Barosy Brooklyn New York
August 19, 2020 341972 Capers McCants, Jr. Gwynn Oak Maryland
August 20, 2020 1423146 Matthew Scott Healy East Atlantic Beach New York
August 21, 2020 1961491 Vito Fossella Staten Island New York
August 24, 2020 1955504 Joseph Charles Mirabella Mamaroneck New York
August 25, 2020 1964312 Kimberly A. Hallenbeck Walden New York
August 27, 2020 1977120 Adam Jeremy Lipowicz Astoria New York

SECTION II

May 11, 2020 (SF-LFS)
ALLY FINANCIAL INC DBA ALLY FINANCIAL
500 Woodward Avenue, Detroit, Michigan, 48226 

Rider was issued to reflect a change of branch address from 7159 Corklan Drive, Suite 200, Jacksonville, Florida 32258 to 12808 W. Gran Bay Parkway, Jacksonville, Florida 32258.


May 13, 2020 (LL-LFS)
ONEMAIN FINANCIAL GROUP, LLC
100 International Drive - 16th Floor, Baltimore, Maryland, 21202

Application for a branch license to engage in business as a licensed lender at 1270 Northland Drive Suite 200, Mendota Heights, MN 55120 was approved.


May 18, 2020 (SF-LFS)
TOYOTA MOTOR CREDIT CORPORATION U/A/N LEXUS FINANCIAL SERVICES, U/A/N MAZDA FINANCIAL SERVICES
6565 Headquarters Drive, Plano, Texas, 75024

License was issued to reflect a change of name from Toyota Motor Credit Corporation U/A/N Lexus Financial Services to Toyota Motor Credit Corporation U/A/N Lexus Financial Services, U/A/N Mazda Financial Services.  

In connection with the above license issuance, the original license was lost and a lost license affidavit was submitted.


May 21, 2020 (SF-LFS)
VOLVO CAR FINANCIAL SERVICES U.S., LLC U/A/N POLESTAR FINANCIAL SERVICES    
1 Volvo Drive, Rockleigh, New Jersey, 07647

License was issued to reflect a change of name from Volvo Car Financial Services U.S., LLC to Volvo Car Financial Services U.S., LLC U/A/N Polestar Financial Services.  

In connection with the above license issuance, the original license was surrendered.


May 28, 2020 (LL-LFS)
FLAGSHIP CREDIT ACCEPTANCE, LLC
3 Christy Drive - Suite 201, Chadds Ford, Delaware County, Pennsylvania, 19317 

License was issued to reflect the change of location from 4600 Regent Boulevard, Suite 100, Irving, Texas 75063 to 1234 Lakeshore Drive, Suite 300, Coppell, Texas 75019.

In connection with the above license issuance, the original license was surrendered.


July 20, 2020 (SF-LFS)
UNIVERSAL GUARDIAN ACCEPTANCE, LLC
603 East Street, Suite 401, Parkville, Missouri 64152

License rider was issued to reflect the change of main address from 8500 NW River Park Drive # 236B, Parkville, Missouri 64152 to 603 East Street, Suite 401, Parkville, Missouri 64152.    


August 14, 2020 (SF-LFS)
FOUNDATION FINANCE COMPANY LLC U/A/N FOUNDATION FIRST FUNDING LLC
10101 Market Street, Suite B100, Rothschild, Wisconsin 54474

License rider was issued to reflect the change of main address from 7802 Meadow Rock Dr., Weston, Wisconsin 54476 to 10101 Market Street, Suite B100, Rothschild, Wisconsin 54474.


August 21, 2020 (SF-LFS)
TOYOTA MOTOR CREDIT CORPORATION U/A/N LEXUS FINANCIAL SERVICES U/A/N MAZDA FINANCIAL SERVICES
6565 Headquarters Drive, Plano, Collin County, Texas, 75024    

Rider was issued to reflect a change of branch address from 90 Crystal Run Road, Middletown, New York 10940 to 3200 West Ray Road, Chandler, Arizona 85226.


September 3, 2020 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY

One M&T Plaza, Buffalo, NY 14203

As provided in Section 28-c of the Banking Law, the Superintendent of Financial Services has found that the proposed closing of branch office at 2212 Hylan Boulevard, Staten Island, Richmond County, City of New York, 10306, will not result in a significant reduction of banking services in the community to be affected.


September 3, 2020 (TR-CRB)
FIVE STAR BANK
55 North Main Street, Warsaw, NY 14569

As provided in Section 28-c of the Banking Law, the Superintendent of Financial Services has found that the proposed closing of branch offices at the following six (“6”) locations will not result in a significant reduction of banking services in the communities to be affected:

  • 2 Seneca Street, Geneva, Geneva County, NY 14456
  • 567 East Main Street, Batavia, Genesee County, NY 14020
  • 44 Liberty Street, Bath, Steuben County, NY 14810
  • 217 Prescott Avenue, Elmira Heights, Chemung County, NY 14903
  • 19 North Main Street, Avoca, Steuben County, NY 14809
  • 129 North Union Street, Olean, Cattaraugus County, NY 14760

September 9, 2020 (MI-CRB)
ROYAL BUSINESS BANK
1055 Wilshire Boulevard, Suite 1200, Los Angeles, CA 90017

Approval given to change the location of branch office from 29 Bowery, Borough of Manhattan, City of New York 10002 to 179 Canal Street, Borough of Manhattan, City of New York 10013, on or after September 10, 2020.


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

September 9, 2020 (MB-MBD)
Full Service Branch
CrossCountry Mortgage, LLC
500 Campus Drive, Suite 101, Morganville, NJ 07751

September 9, 2020 (MB-MBD)
Full Service Branch
Cardinal Financial Company, LP D/B/A Sebonic Financial
17 Woodport Rd, Ste 2B, Sparta, NJ 07871


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

September 9, 2020 (BR-MBD)
Full Service Branch
Capital M Inc.
365 Route 59, Suite 247, Airmont, NY 10952

September 9, 2020 (BR-MBD)
Full Service Branch
Capital M Inc.
309 Rutledge St., Suite 3-E, Brooklyn, NY 11211


Mortgage Banker License Address Changes:

September 8, 2020 (MB-MBD)
Equity Now Inc.
From: 215 Lexington Avenue, Suite #1702, New York, NY 10016-6023
To: 172-174 East Boston Post Road, Unit Lower Level East, Mamaroneck, NY 10543


Mortgage Broker Branch Certificate Address Changes:

September 3, 2020 (BR-MBD)
Lino, Inc.   D/B/A Paramount Capital Services
From: 1663 Route 22, Brewster, NY 10509
To: 20 Maple Ave, First Floor Front Office, Armonk, NY 10504


Applications for licensing as a Mortgage Loan Originator under Article 12-E of the New York Banking Law, WITHDRAWN.  The individuals listed may not engage in mortgage loan origination activity in New York State or on New York State residential property:

Date Application Withdrawn NMLS # Applicant Name City State
September 8, 2020 1902257 David Ryan Israel Matthews North Carolina
September 8, 2020 2002415 Dylan Michael Stubblefield St. Charles Missouri