Weekly Banking Bulletin

June 26, 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

June 23, 2020
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, 2020. 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, 2020 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

April 29, 2020 (SF-LFS)
UNIVERSAL GUARDIAN ACCEPTANCE, LLC
8500 NW River Park Drive # 236B, Parkville, Missouri 64152  

Notification received for a change of main address from 8500 NW River Park Drive # 236B, Parkville, Missouri 64152 to 603 East Street, Suite 401, Parkville, Missouri 64152.

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 22, 2020 (FR-FWB)
DEXIA CR­ÉDIT LOCAL
1, Passerelle des Reflets, Tour CBX - La Défense 2, TSA 92202, 92919 La Défense Cedex, France

Notice to establish and maintain a representative office at 445 Park Avenue, Borough of Manhattan, City of New York 10022, received. (Dexia Cr­édit Local currently maintains a New York State-licensed branch).


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

June 23, 2020 (MB-MBD)
Full Service Branch
New American Funding in lieu of Broker Solutions, Inc.
41050 West 11 Mile Road, Ste. 100, Novi, MI 48375

June 24, 2020 (MB-MBD)
Full Service Branch
American Neighborhood Mortgage Acceptance Company, LLC D/B/As:
AnnieMac Home Mortgage
LOFIDIRECT
22 Ridge Road, 2nd Floor, Suite 2, Lyndhurst, NJ 07071

June 24, 2020 (MB-MBD)
Full Service Branch
Draper and Kramer Mortgage Corp.
2106 New Road, Unit A-7, Linwood, NJ 08221


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 1568189 Larry Shelton Phoenix Arizona
March 4, 2020 1928539 Adam Martin Neumueller Huntington Beach California
April 22, 2020 184262 Robert Vincent DiRusso Patterson New York
May 28, 2020 1975025 Chase Alexander Nelson Oakdale New York
May 29, 2020 1946558 Jodi Michele Doyen Arlington Texas
June 3, 2020 210264 John E. Hergenroeder Pasadena Maryland
June 9, 2020 1937454 Syed Mubarak Masood South Ozone Park New York
June 11, 2020 1943086 Jearamy Raye Don Ward Dallas Texas

SECTION ll

June 11, 2020 (TM-LFS)
WALL STREET FINANCE, LLC
72-32 Broadway, Suite 206, Jackson Heights, New York 11372

Application for change of location from 72-32 Broadway, Suite 206 Jackson Heights, New York 11372 to 119-49 Union Turnpike, Suite 9B, Forest Hills, New York 11375 was approved effective June 11, 2020.


June 23, 2020 (TR-CRB)
AMALGAMATED BANK
275 Seventh Avenue (Fourteenth Floor), New York, NY 10001

Authorization issued to open and occupy a branch office at 867 Boylston Street, 4th Floor, Boston, Suffolk County, Massachusetts 02116, on or after June 24, 2020.

(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 26, 2020 (CC-LFS)
J.R. MONEY SERVICE CENTERS INC. D.B.A. FFC CHECK CASHING
175 Valley Street, Sleepy Hollow, NY 10591

Approval was given to conduct business as a licensed casher of checks at 175 Valley Street, Sleepy Hollow, NY 10591.


June 26, 2020 (CC-LFS)
K.S. FINANCE CORP.
265 West 37th Street, New York, NY  10018

Application for Sun-Hee Won to become the 100% owner of K.S. Finance Corp. was approved.


Mortgage Banker Branch License Address Changes:

June 24, 2020 (MB-MBD)
American Neighborhood Mortgage Acceptance Company, LLC D/B/As:
AnnieMac Home Mortgage
LOFIDIRECT
From: 96 Route 206, Suite 102, Roxbury Township, NJ 07836
To: 17 Main Street, Unit 1, Netcong, NJ 07857

June 24, 2020 (MB-MBD)
1st Priority Mortgage, Inc.
From: 498 Albany-Shaker Road, Loudonville, NY 12211
To: 471 Albany Shaker Road, Suite 1, Loudonville, NY 12211


The following registered Mortgage Broker has entered into a Settlement Agreement with the Department on June 22, 2020, in lieu of a hearing for a fine or revocation of its mortgage broker registration to settle violations of Section 1005(a)(1) of the Business Corporation Law for conducting business after dissolution of the corporation and Section 102.1(c)(1) of Supervisory Procedure MB 102 for failure to notify the Department of its corporate dissolution.  The Settlement Agreement terms and conditions include a fine of $2,500.

June 24, 2020 (BR-MBD)
Professional Mortgage Solutions, Inc.
62-79 Woodhaven Blvd., Rego Park, New York 11374


The following licensed Mortgage Loan Originator has entered into a Settlement Agreement with the Department on June 22, 2020, in lieu of a hearing for a fine or revocation of his mortgage loan originator license to settle the violations of Section 420.20(a)(3)(4)(6) of the Superintendent’s Regulations and Section 590.2(b) of the New York Banking Law for misrepresenting his mortgage loan originator status by promoting his own advertisement which portrayed him as a mortgage broker.  The Settlement Agreement terms and conditions include a fine of $2,500.

June 24, 2020 (MLO-MBD)
Michael Goldberg


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
June 18, 2020 69603 Ricci Joseph Merendino Colts Neck New Jersey American Financial Network, Inc.
June 18, 2020 135673 Stephanie Teresa Foti Carlisle Pennsylvania Equity Now Inc.
June 18, 2020 197329 Michael Jay Koopman Clearwater Florida Guaranteed Rate, Inc.
June 18, 2020 474731 Christine Saraceni Batavia New York Reverse Mortgage Funding LLC
June 18, 2020 928906 Henry John Brandt Flower Mound Texas Planet Home Lending, LLC
June 18, 2020 1148814 Uri Yuri Nathanson Miami Florida A&D Mortgage LLC
June 23, 2020 1586985 Michelle Lynn Mueller Columbia Missouri Mortgage Research Center, LLC
June 23, 2020 1626270 Cody Cameron Shea Fairfield Connecticut Total Mortgage Services, LLC
June 23, 2020 1693556 Miranda Breanne Haynes Columbia Missouri Mortgage Research Center, LLC