Weekly Banking Bulletin

May 15, 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

March 30, 2020 (BP-LFS)
CONSUMER CREDIT COUNSELING SERVICE OF ROCHESTER, INC. DBA RETHINKINGDEBT.ORG
1000 University Avenue, Suite 900, Rochester, NY 14607

An application was received for a license to engage in business as a budget planner at the following branch location:

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

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 licensee.


May 12, 2020 (SF-LFS)
CARVANA, LLC
1930 W. Rio Salado Pkwy, Tempe, Maricopa County, AZ 85281

Application received for a license to engage in business as a sales finance company. 

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 engage in the business of a Mortgage Loan Servicer under Article 12-D of the New York Banking Law received for examination:

May 13, 2020 (MS-MBD)
Applicant(s)
Andrew Wang
Eric Lin Chiang
Jerold Monik Jeffcoat
Jonathan Randy Hsu
GoServiceOne, Inc.
As: Peach Street, Inc.
3100 West Ray Road, Suite 201, Office 263, Chandler, AZ 85226


Application received pursuant to Section 594-b of the New York Banking Law and Part 410 of the Superintendent's Regulations for control interest:

May 13, 2020 (MB-MBD)
Applicant(s)
SIF V, LLC
Investure PE Fund, LP-Series 2
James Andrew Morrissey
Shivraj Mundy
Marc Crespi
Marek Grzegorz Skawinski
To acquire interest in:
Tammac Holdings Corporation
613 Baltimore Drive, Suite 1, Wilkes Barre, PA 18702


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 9, 2020 1664146 Ross Heaton Sparkill New York
February 25, 2020 1921918 Giselle Elaine Blacker Arvada Colorado
February 26, 2020 1828264 Jacob Schonfeld Monsey New York
March 4, 2020 1922407 Anthony Charles Spiteri East Northport New York
March 5, 2020 1893242 Robert J. Guerrin Garden City New York
March 6, 2020 1867763 Yair Moshe Ausubel Oceanside New York
March 9, 2020 21374 James Christopher Earl Southington Connecticut
March 10, 2020 1339572 Joshua James Gayle Huntington Station New York
March 11, 2020 107275 Ross C. Shapiro Washington District of Columbia
March 23, 2020 8596 Robert Joseph Chiusano Cherry Hill New Jersey
April 8, 2020 1359522 Krystal Basile Colts Neck New York
April 18, 2020 1820402 Chandra Maria Young Brooklyn New York
April 22, 2020 64433 Chaim Wielgus Brooklyn New York
April 30, 2020 1898206 Travis John Tauzin Corinth Texas

SECTION II

April 20, 2020 (MI-CRB)
COMMUNITY BANK SYSTEM, INC. 
5790 Widewaters Parkway, DeWitt, New York 13214

Application, pursuant to Section 143-b of the Banking Law, to acquire control of Steuben Trust Company, Hornell, New York, approved.


May 15, 2020 (TM-LFS)
ERIS CLEARING, LLC
111 S. Wacker Drive, Suite 4730, Chicago, IL 60606

Application approved to engage in business as a transmitter of money pursuant to Article XIII-B of the Banking Law.


Mortgage Banker License Name Changes:

May 13, 2020 (MB-MBD)
From: Promontory Fulfillment Services LLC
To: Promontory MortgagePath LLC


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 6, 2020 69072 Eliyahu T. Rosenberg Brooklyn New York FM Home Loans, LLC
May 7, 2020 184351 Georgios Elias Pantelaros New Rochelle New York Mortgage World Bankers, Inc.
May 8, 2020 244814 Maureen Catherine Vella Bayville New York Nationwide Mortgage Bankers, Inc.
May 11, 2020 383875 Hongyu Guo Manhasset New York State Farm Bank, FSB