Weekly Banking Bulletin

June 12, 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 9, 2020 (TM-LFS)
BA EXPRESS USA INC.  
168-29 Hillside Avenue, Suite 2B Jamaica, New York 11432

Notification received for the change of headquarter location from 168-29 Hillside Avenue, Suite 2B, Jamaica, New York 11432 to 37-17 74th Street, Jackson Heights, New York 11372.

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.


June 9, 2020 (TR-CRB)
AMALGAMATED BANK
275 Seventh Avenue (Fourteenth Floor), New York, NY 10001

Application dated June 9, 2020, for permission to open and occupy a branch office at 867 Boylston Street, 4th Floor, Boston, Suffolk County, Massachusetts 02116, received.

(The activities of this branch office will consist of commercial banking services, limited to accepting virtual deposits, making loans, and acting as a depository bank for campaign finance purposes.  No acceptance or withdrawal of cash.)


June 11, 2020 (SF-LFS)
BUDCO FINANCIAL SERVICES, LLC
333 West Fort Street, Ste 1750, Detroit, Wayne County, Michigan 48226

Change of control application received for ScaleCo Budco Investors, LLC to acquire 19.58% ownership in Budco Financial Services, LLC.

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 Broker under Article 12-D of the New York Banking Law received for examination:

June 9, 2020 (BR-MBD)
Applicant(s)
James Michael Forte
As: Forte Financial, LLC
96 Danbury Road, Ridgefield, CT 06877

June 9, 2020 (BR-MBD)
Applicant(s)
Nancy Jane Herrmann
As: Home Choice Capital, Inc.
440 Rte. 146, Suite LL, Clifton Park, NY 12065

June 10, 2020 (BR-MBD)
Applicant(s)
Joe Fuchs
As: Hudson Shine Capital Inc
35 West Street Suite 203, Spring Valley, NY 10977


Application received pursuant to Section 594-b of the New York Banking Law and Part 418 of the Superintendent's Regulations for a control interest:

June 4, 2020 (MS-MBD)
Applicant(s)
Mortgage Assets Management, LLC
Thomas Edward Capasse
Sean Alan Sievers
Christopher Michael McMahon
Gretchen Gauer McCord
Kenneth Adam Nick
SHAP 2018-1, LLC
Waterfall Eden Master Fund, Ltd.
Waterfall Victoria Master Fund, Ltd.
To acquire interest in:
Reverse Mortgage Solutions, Inc.
14405 Walters Road, Houston, TX 77014


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

June 8, 2020 (MB-MBD)
Full Service Branch
Equity Now Inc.
2525 Ponce de Leon Blvd., Suite 300, Office 06, Coral Gables, FL 33134

June 9, 2020 (MB-MBD)
Full Service Branch
Reverse Mortgage Funding LLC
2355 Gold Meadow Way, Ste. 150, Gold River, CA 95670

June 10, 2020 (MB-MBD)
Full Service Branch
American Internet Mortgage, Inc.  D/B/A Aimloan
4141 Camino Del Rio S, San Diego, CA 92108


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
December 10, 2019

 

1710521

 

Luis Alberto Sanchez Lopez

 

Mesa

 

Arizona

 

May 1, 2020

 

1690866

 

Bar Gafri

 

Boca Raton

 

Florida

 

May 11, 2020

 

1512467

 

Louis Ronald Trocchio

 

Hauppauge

 

New York

 

May 18, 2020

 

102070

 

Jasvir Singh

 

Hicksville

 

New York

 

May 19, 2020

 

1615540

 

Mark G. Tirabassi

 

Lodi

 

New Jersey

 

May 20, 2020

 

65105

 

Bruce A. Lawner

 

Merrick

 

New York

 

May 26, 2020

 

750853

 

John A. Savarese

 

Miller Place

 

New York

 

May 26, 2020

 

954598

 

Eliezer T. Sklar

 

Highland Park

 

New Jersey

 

May 28, 2020

 

1984332

 

Jack Harris Winograd

 

New York

 

New York

 

May 29, 2020

 

1955635

 

Larry Maitlin

 

Short Hills

 

New Jersey

 

June 1, 2020

 

1062364

 

Jamie Elise Messner

 

Webster

 

New York

 

June 1, 2020

 

1948971

 

Jennifer Leigh Carter

 

Columbia

 

Missouri

 

June 2, 2020

 

121127

 

Aaron John Kloss

 

Lincoln

 

Rhode Island

 

June 2, 2020

 

851762

 

Troy William Higgs

 

Nottingham

 

Maryland

 

June 2, 2020

 

1684010

 

Donald B. Miller

 

Lincoln

 

Rhode Island

 

June 3, 2020

 

13251

 

Joseph Silvio Chelednik

 

Ridgefield

 

Connecticut

 

June 3, 2020

 

307598

 

Milagros Margarita Perez

 

Cape Coral

 

Florida

 

June 4, 2020

 

145224

 

Christian C. Cunningham

 

Oceanside

 

New York

 

June 4, 2020

 

1584294

 

Gabriel German

 

Staten Island

 

New York

 


SECTION II

June 5, 2020 (PF-LFS)
AFCO PREMIUM CREDIT LLC
1133 Avenue of the Americas, Suite 2735-39, New York, New York 10036

The relocation of the branch office was approved as follows, effective February 10, 2020: 

From:  3400 188th Street SW, Suite 630, Lynnwood, WA 98037
To:  22522 29th Drive SE, Suite 212, Bothell, WA 98021


June 9, 2020 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

In accordance with Section 28-c of the Banking Law, the Superintendent of Financial Services has found that the proposed closing of branch office at 21877 Towne Center Drive, Town of Watertown, Jefferson County, New York 13601, will not result in a significant reduction of banking services in the community to be affected.


June 10, 2020 (TM-LFS)
PAYSAFE GROUP HOLDINGS LIMITED
25 Canada Square, 27th Floor, London, UK E14 5LQ

Application for a change of control of Skrill USA, Inc., located at 100 N Biscayne Blvd, Ste 2120, Miami, FL. 33132, whereby Paysafe Group Holdings Limited will acquire 100 percent of Skrill USA, Inc., was approved on May 13, 2020.


June 11, 2020 (SF-LFS)
NEFS FUNDING, LLC
999 Waterside Drive, Suite 110, Norfolk, VA 23510

Application filed by NEFS Funding, LLC to engage in doing business as a Sales Finance Company pursuant to Article11-B of the NYS Banking Law, was approved effective June 4, 2020.


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

June 10, 2020 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
2861 Executive Drive, Suite 100, Clearwater, FL 33762

June 10, 2020 (MB-MBD)
Full Service Branch
CrossCountry Mortgage, LLC
12 E Main St, Unit C, Clinton, NJ 08809


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

June 9, 2020 (BR-MBD)
Lifton Financial Group, L.L.C.
1979 Marcus Avenue, Suite 210, Lake Success, NY 11042
Effective Date: May 13, 2020


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

June 4, 2020 (MB-MBD)
United Northern Mortgage Bankers Limited D/B/As:
Senior Security Advisors
Senior Security Home Advantage
20 Reber Road, Eldred, NY 12732
Effective Date: May 27, 2020

June 5, 2020 (MB-MBD)
Academy Mortgage Corp.
750 Veterans Memorial Highway, Suite 100, Hauppauge, NY 11788
Effective Date: May 27, 2020


Mortgage Banker Branch License Address Changes:

June 10, 2020 (MB-MBD)
CrossCountry Mortgage, LLC
From: 500 W. Cypress Creek Road, Suite 410, Fort Lauderdale, FL 33309
To: 7284 West Palmetto Park Rd, Ste 110-S, Boca Raton, FL 33433

June 10, 2020 (MB-MBD)
Nationwide Mortgage Bankers, Inc.  D/B/As:
Americasa Home Loans
NMBNOW
From: 1938 Williamsbridge Road, 2nd Floor, Suite A, Bronx, NY 10461
To: 95 Merrick Road, Storefront, Baldwin, NY 11510

June 10, 2020 (MB-MBD)
loanDepot.com, LLC D/B/As:
LDWholesale
loanDepot
From: 520 White Plains Road, First Floor, Tarrytown, NY 10591
To: One North Broadway, Suite 603, White Plains, NY 10601