Weekly Banking Bulletin

June 28, 2019

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 e-mail 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 MB Mortgage Banker
BP Budget Planner BR Mortgage Broker
CC Check Casher MS Mortgage Servicer
CU Credit Union PF Premium Finance Agency
FA Foreign Agency PB Private Banker
FB Foreign Branch SD Safe Deposit Company
FR Foreign Representative Office SF Sales Finance Agency
HC Holding Company SL Savings and Loan Association
IC Investment Company SB Savings Bank
LL Licensed Lender TM Transmitter of Money
MK Merchant Bank TR Trust Company
MI Miscellaneous 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

June 28, 2019

CALL FOR REPORTS

The Superintendent of Financial Services issues a call for reports of condition and income from banks, trust companies and private bankers as of the close of business June 30, 2019. In accordance with Part 23 of the General Regulations, those banks and trust companies which file similar reports with the Federal Reserve Bank of New York or the Federal Deposit Insurance Corporation do not have to file separate reports with this Department. Banks, trust companies, and private bankers that are required to file reports with the Department of Financial Services are reminded that failure to file these reports by July 31, 2019 will result in a violation of Sections 37, 125 or 176 of the Banking Law which authorizes fines for each day an institution is delinquent in filing of any required report.


SECTION I

June 19, 2019 (TR-CRB)

FLUSHING BANK

260 East RXR Plaza, Uniondale, Queens, NY 11556

Application dated June 17, 2019 for permission to change the location of branch office from 42-11 Bell Boulevard, Bayside, Borough of Queens, City of New York 11361 to 213-03 Northern Boulevard, Bayside, Borough of Queens, City of New York 11361, received.


June 24, 2019, 2019 (MI-CRB)

FIRST REPUBLIC BANK

111 Pine Street, San Francisco, CA 94111

Application dated June 21, 2019, for permission to open and occupy a branch office at 410 10th Avenue, Borough of Manhattan, City of New York 10001, received.


June 26, 2019 (TR-CRB)

BNB BANK

2200 Montauk Highway, Bridgehampton, NY 11932

Application dated June 24, 2019, for permission to open and occupy a branch office at 1450 Broadway, 37th Floor, Borough of Manhattan, City of New York 10018, received.


June 27, 2019 (LL-LFS)

UPSTART NETWORK, INC. DBA UPSTART

2 Circle Way, San Carlos, CA 94070

Application received for a license to engage in business as a licensed lender.

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


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

June 24, 2019 (MB-MBD)

Full Service Branch

FAReverse LLC in lieu of Finance of America Reverse LLC

4925 Buffalo Road, 2nd Floor, Erie, PA 16510


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

April 9, 2019

215810

Gary L. Zumski

Rolling Meadows

Illinois

May 21, 2019

1718547

Jill Hsin-Hsuan Chen

Oakland Gardens

New York

May 23, 2019

1178654

Angelo Nickolas Castello

La Mirada

California

May 24, 2019

1828934

Sharon Joyce Vadney

Feura Bush

New York

May 30, 2019

1312266

Kiera Earleen Florka

Clawson

Michigan

June 4, 2019

1520569

Shane Kingston Doumani

Orange

California

June 6, 2019

1086533

James Kenneth Foti

Laguna Hills

California

June 7, 2019

64850

Steven Howard Jasser

Woodbury

New York

June 7, 2019

1738496

Mohamad Ali Baydoun

Dearborn Heights

Michigan

June 7, 2019

1845703

David Octavius Young

Detroit

Michigan

June 10, 2019

1699361

John Paul Chhay

Long Beach

California

June 11, 2019

1824449

Anthony William Leonetti

Wickliffe

Ohio

June 12, 2019

208077

Jeanie Jeffers Keith

Knoxville

Tennessee

June 13, 2019

737228

John Nicholas Irmen

Charlotte

North Carolina

June 13, 2019

1811831

Brian Timothy Broydrick

Indianapolis

Indiana

June 13, 2019

1830569

Umema Unar Syed

McKinney

Texas

June 17, 2019

1835744

Rudy Pierre

Norwalk

Connecticut


SECTION II

March 4, 2019 (SF-LFS)
GATEWAY ONE LENDING & FINANCE, LLC
160 N. Riverview Drive - Suite 100, Anaheim, Orange County, CA 92808

LLicense to engage in business as a sales finance company at the following location was surrendered: 160 N. Riverview Drive - Suite 100, Anaheim, Orange County, CA 92808


May 6, 2019 (LL-LFS)
STONES FUNDING LLC
2463 Broadway 2nd Floor, New York, NY 10025

License to engage in business as a licensed lender at the following location was surrendered: 2463 Broadway 2nd Floor, New York, NY 10025


June 19, 2019 (TR-CRB)

AMALGAMATED BANK
275 Seventh Avenue, New York, NY 100011

Approval given to change the location of principal office, from 275 Seventh Avenue, (First Floor), Borough of Manhattan, City of New York 10001 to 275 Seventh Avenue (Fourteenth Floor), Borough of Manhattan, City of New York 10001, for the limited purpose of conducting commercial deposit taking, commercial lending, residential mortgage, and trust account activities, on or after June 20, 2019.


June 24, 2019
PIERMONT BANK(BK-CRB)
4 Bryant Park, 3rd floor, New York, NY 10018

IVY FINANCIAL DEVELOPMENT, LLC(MI-CRB)
4 Bryant Park, 3rd floor, New York, NY 10018

Application, pursuant to Section 601 of the Banking Law, for Ivy Financial Development, LLC, a Delaware limited liability company, to merge with and into Piermont Bank (in organization), under the name Piermont Bank, approved.


June 24, 2019
PIERMONT BANK(BK-CRB)
4 Bryant Park, 3rd floor, New York, NY 10018

Authorization Certificate issued.

Capital Stock: $12,000,000

Capital Surplus: $20,000,000


June 25, 2019
PIERMONT BANK(BK-CRB)
4 Bryant Park, 3rd floor, New York, NY 10018

IVY FINANCIAL DEVELOPMENT, LLC(MI-CRB)
4 Bryant Park, 3rd floor, New York, NY 10018

The Superintendent of Financial Services has filed, pursuant to the provisions of Section 601-b of the Banking Law, as of 5:01 p.m., June 25, 2019, an Agreement and Plan of Merger, dated as of May 30, 2019, and other required documents, providing for the merger of Ivy Financial Development, LLC, a Delaware limited liability company, with and into Piermont Bank (in organization), under the name Piermont Bank.


June 27, 2019 (CCL-LFS)
257 SHERIDAN BLVD. CORP. D/B/A INWOOD SERVICES, U/A/N BALDWIN EXPRESS

1747 Grand Avenue, Baldwin, Nassau, New York, 11510

License to engage in business as casher of checks for the limited station located at 57 Seaview Blvd., Port Washington, NY 11050 was surrendered, effective June 17, 2019.


June 27, 2019 (CCL-LFS)
257 SHERIDAN BLVD. CORP. D/B/A INWOOD SERVICES, U/A/N BALDWIN EXPRESS

1747 Grand Avenue, Baldwin, Nassau, New York, 11510

License to engage in business as casher of checks for the limited station located at JFK International Airport, Building 89, Jamaica, NY 11430 was surrendered, effective June 17, 2019.


June 27, 2019 (CCL-LFS)
257 SHERIDAN BLVD. CORP. D/B/A INWOOD SERVICES, U/A/N BALDWIN EXPRESS

1747 Grand Avenue, Baldwin, Nassau, New York, 11510

License to engage in business as casher of checks for the limited station located at 3 Seaview Blvd., Port Washington, NY 11050 was surrendered, effective June 17, 2019.


June 27, 2019 (CCL-LFS)
257 SHERIDAN BLVD. CORP. D/B/A INWOOD SERVICES, U/A/N BALDWIN EXPRESS

1747 Grand Avenue, Baldwin, Nassau, New York, 11510

License to engage in business as casher of checks for the limited station located at 425 Doughty Blvd., Inwood, NY 11096 was surrendered, effective June 17, 2019.


June 27, 2019 (CCL-LFS)
257 SHERIDAN BLVD. CORP. D/B/A INWOOD SERVICES, U/A/N BALDWIN EXPRESS

1747 Grand Avenue, Baldwin, Nassau, New York, 11510

License to engage in business as casher of checks for the limited station located at 300 Maspeth Avenue, Brooklyn, NY 11211 was surrendered, effective June 17, 2019.


June 27, 2019 (CCL-LFS)
257 SHERIDAN BLVD. CORP. D/B/A INWOOD SERVICES, U/A/N BALDWIN EXPRESS

1747 Grand Avenue, Baldwin, Nassau, New York, 11510

License to engage in business as casher of checks for the limited station located at 88-36 77th Avenue, Glendale, NY 11385 was surrendered, effective June 17, 2019.


June 28, 2019 (TM-LFS)
TRANS-FAST REMITTANCE, LLC

44 Wall Street, 4th Floor, New York, New York 10005

Application for a change of control, whereby TF MC Acquisition Corp., an indirect subsidiary of Mastercard Incorporated, located at 1209 Orange Street, Wilmington, Delaware 19801, will acquire 100% ownership of Trans-Fast Remittance, LLC, was approved.


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

June 24, 2019 (MB-MBD)

Full Service Branch

21st Mortgage Corporation

625 S. Gay Street, Suite 300, Knoxville, TN 37902

June 24, 2019 (MB-MBD)

Full Service Branch

21st Mortgage Corporation

625 S. Gay Street, Suite 400, Knoxville, TN 37902

June 24, 2019 (MB-MBD)

Full Service Branch

Cardinal Financial Company, LP D/B/A Sebonic Financial

10 Waterview Blvd, Ste 300, Parsippany, NJ 07054

June 24, 2019 (MB-MBD)

Full Service Branch

21st Mortgage Corporation

625 S. Gay Street, Suite 520, Knoxville, TN 37902

June 24, 2019 (MB-MBD)

Full Service Branch

Movement Mortgage, LLC

128 Dorrance Street, Penthouse Floor, Providence, RI 02903

June 24, 2019 (MB-MBD)

Full Service Branch

Advisors Mortgage Group, L.L.C. D/B/A Fix-It Renovation Lending

6006 Sentinel Road Route 73, Room 2D, Lake Placid, NY 12946

June 24, 2019 (MB-MBD)

Full Service Branch

Residential Home Funding Corp. D/B/A RHF Wholesale

17 Woodport Road, Suite 2B, Sparta, NJ 07871

June 24, 2019 (MB-MBD)

Full Service Branch

21st Mortgage Corporation

625 S. Gay Street, Suite 530, Knoxville, TN 37902


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

June 20, 2019 (BR-MBD)

P.A. Dominguez, Inc. D/B/A First Network Mortgage Company

72 Belvedere Drive, Yonkers, NY 10705

Effective Date: June 12, 2019

June 26, 2019 (BR-MBD)

Central Lending Services Inc. D/B/A Credit Central

301 Oxford Valley Road, Suite 802A, Yardley, PA 19067

Effective Date: June 25, 2019


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

June 21, 2019 (MB-MBD)

1st Priority Mortgage, Inc.

2170 Chili Avenue, Suite A, Rochester, NY 14624

Effective Date: June 19, 2019

June 21, 2019 (MB-MBD)

1st Priority Mortgage, Inc.

139 South Main Street, Suite A, Naples, NY 14512

Effective Date: June 19, 2019

June 25, 2019 (MB-MBD)

Franklin First Financial, Ltd. D/B/As:

Franklin First Mortgage Bankers

Presidents First Mortgage Bankers

Senior Funding Group

1020 Avenue X, First Floor, Brooklyn, NY 11223

Effective Date: March 13, 2019

June 25, 2019 (MB-MBD)

Franklin First Financial, Ltd. D/B/As:

Franklin First Mortgage Bankers

Presidents First Mortgage Bankers

Senior Funding Group

311 Johnnie Dodds Boulevard, Suite 141 and 151, Mt. Pleasant, SC 29464

Effective Date: March 13, 2019V

June 26, 2019 (MB-MBD)

Advisors Mortgage Group, L.L.C. D/B/As:

Fix-It Renovation Lending

64 Bridge Street, Suite 1, Plattsburgh, NY 12901

Effective Date: June 25, 2019


Mortgage Broker Certificate Address Changes:

June 25, 2019 (BR-MBD)

Mortgage Direct Inc.

From: 626 RexCorp Plaza, Office 627, Uniondale, NY 11556

To: 55 Northern Blvd., Ste 108, Greenvale, NY 11548


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 OF APPLICATION NMLS NO. NAME OF APPLICANT CITY STATE

June 24, 2019

149098

Masood Ahmad Malik

Valley Stream

New York


Approvals issued to engage in the business of mortgage loan origination under Article 12-E of the New York State Banking Law.

DATE OF APPROVAL NMLS NO. NAME OF APPLICANT CITY STATE SPONSORING ENTITY

June 26, 2019

20770

Krishnan Swaminathan

Manvel

Texas

Sutherland Mortgage Services, Inc.

June 26, 2019

24972

Kara L. Hinson

Penn Yan

New York

Home Town Funding, Inc.

June 26, 2019

50065

Jamie Michael Deiana

Whitinsville

Massachusetts

Fairway Independent Mortgage Corporation

June 26, 2019

225777

Anthony J. Sanchez

Clark

New Jersey

Sunquest Funding LLC

June 26, 2019

229601

Philip Lekousis

Lemont

Illinois

Parkside Lending, LLC

June 26, 2019

352262

Nicholas Donald Roberts

West Palm Beach

Florida

PHH Mortgage Corporation

June 26, 2019

369983

Marc Philip Almeida

North Kingstown

Rhode Island

Movement Mortgage, LLC

June 26, 2019

442421

Christopher Jon Kady

East Setauket

New York

loanDepot.com, LLC

June 26, 2019

889758

Michael Dickson

Parsippany

New Jersey

Cardinal Financial Company, LP

June 26, 2019

972861

Eric Todd Steinberg

Nanuet

New York

Nationwide Mortgage Bankers, Inc.

June 26, 2019

1015430

Timothy Eric Larts

Massapequa

New York

Family First Funding LLC

June 26, 2019

1097064

Aubrey Michelle Pawlowski

Livonia

Michigan

Quicken Loans Inc.

June 26, 2019

1184076

Mwawi Jessica Kabisama

Lake Dallas

Texas

Nationstar Mortgage LLC

June 26, 2019

1212057

Kyle Brian Marvin

Dallas

Texas

Nationstar Mortgage LLC

June 26, 2019

1438279

Jeffrey Volcy

Nyack

New York

United Northern Mortgage Bankers Limited

June 26, 2019

1471164

Matthew Andrew Ziegert

Andover

New Jersey

Residential Home Funding Corp.

 

June 26, 2019

1729144

Leah Laydy Kohen

West Hempstead

New York

FM Home Loans, LLC

June 26, 2019

1802519

Dejan Temelkoski

Blacklick

Ohio

American Financial Network, Inc.

June 26, 2019

1812825

Jeffrey Ryan Burwell

Plano

Texas

Caliber Home Loans, Inc.

June 26, 2019

1812831

Chastity Longino

Lewisville

Texas

Nationstar Mortgage LLC

June 26, 2019

1812842

Scott Matthew Marshall

Dallas

Texas

Nationstar Mortgage LLC

June 26, 2019

1824666

Adam John Golba

Trenton

Michigan

Quicken Loans Inc.

June 26, 2019

1826359

Jeffrey S. Rust

Rochester

New York

Upstate Premier Mortgage, Inc.

June 26, 2019

1832888

Harrison P. Sangster

Wilmington

New York

Advisors Mortgage Group, LLC

June 26, 2019

1835758

Michael John Doucette

Harrision

New York

Nationwide Mortgage Bankers, Inc.

June 26, 2019

1841235

Moshe Feingold

Spring Valley

New York

The Mint Capital Inc.

June 26, 2019

1843416

Linda Marie Jacopetti

Camarillo

California

Parkside Lending, LLC

June 26, 2019

1846343

Guy B. Palumbo

Huntington Station

New York

Professional Mortgage Solutions, Inc.