Weekly Banking Bulletin

July 3, 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 24, 2020 (TR-CRB)
AMALGAMATED BANK
275 Seventh Avenue (Fourteenth Floor), New York, NY 10001

Notices of intention to close branch offices at the following three locations, received:

  • 52 Broadway, Borough of Manhattan, City of New York 10004;
  • 619 Main Street, Roosevelt Island, Borough of Manhattan, City of New York 10044; and
  • 4502 Fifth Avenue, Borough of Brooklyn, City of New York 11220.

The comment periods on these notices will expire August 3, 2020.


June 25, 2020 (TR-CRB)
AMALGAMATED BANK
275 Seventh Avenue (Fourteenth Floor), New York, NY 10001

Notice of intention to close a branch office at 36-16/18 21st Street, Long Island City, Borough of Queens, City of New York 11106, received.

The comment period on this notice will expire August 3, 2020


June 25, 2020 (TR-CRB)
AMALGAMATED BANK
275 Seventh Avenue (Fourteenth Floor), New York, NY 10001

Notice of intention to close a branch office at 94 East Burnside Avenue, Borough of Bronx, City of New York 10453, received.

The comment period on this notice will expire August 3, 2020


June 25, 2020 (TR-CRB)
AMALGAMATED BANK
275 Seventh Avenue (Fourteenth Floor), New York, NY 10001

Notice of intention to close a branch office at 70-23 Parsons Boulevard, Flushing, Borough of Queens, City of New York 11365, received

The comment period on this notice will expire August 3, 2020.


June 25, 2020 (SF-LFS)
TOYOTA MOTOR CREDIT CORPORATION U/A/N LEXUS FINANCIAL SERVICES U/A/N MAZDA FINANCIAL SERVICES
6565 Headquarters Drive, Plano, Collin, Texas, 75024   

Notification received for a change of branch address from 90 Crystal Run Road, Middletown, New York 10940 to 3200 West Ray Road, Chandler, Arizona 85226.

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 26, 2020 (TM-LFS)
TAGOMI TRADING LLC  
201 Montgomery Street, Second Floor, Jersey City, New Jersey, 07302

Notification received for the change of location from 201 Montgomery Street, 2nd Floor, Jersey City, New Jersey, 07302 to WeWork c/o Tagomi, 650 California St., San Francisco, CA 94108.

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.


July 1, 2020 (TR-CRB)
CHEMUNG CANAL TRUST COMPANY
One Chemung Canal Plaza, Elmira, NY 14901

Notices of intention to close branch offices at the following two locations, received:

  • 437 Maple Street, Town of Big Flats, Chemung County, NY 14814; and
  • 1054 State Route 17C, Town of Owego, Tioga County, NY 13827.

The comment periods on these notices will expire August 3, 2020.


July 3, 2020 (CC-LFS)
NY COMMUNITY FINANCIAL, LLC U/A/N THE CHECK CASHING PLACE U/A/N COMMUNITY FINANCIAL SERVICE CENTER 
10 Elizabeth Street, Suite 201, River Edge, NJ 07661

Application was received for a licensee to engage in business as a licensed casher of checks in connection with the purchase of assets of Eastchester Check Cashing, Inc. at each of the following locations:

  • 2046-A Eastchester Road, Bronx, NY 10461
  • 108 South Fourth Avenue, Mount Vernon, NY 10550
  • 48 Gramatan Avenue, Mount Vernon, NY 10550

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.

Any comments or objections should be submitted in writing, within ten business days, by July 17, 2020.


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

June 26, 2020 (MB-MBD)
Full Service Branch
A&D Mortgage LLC
3864 Sheridan Street, Suite A, Hollywood, FL 33021

June 26, 2020 (MB-MBD)
Full Service Branch
Nationstar Mortgage LLC D/B/As:
Champion Mortgage Company
Mr. Cooper
750 State Highway 121 Bypass, Suite 101, Lewisville, TX 75067

June 26, 2020 (MB-MBD)
Full Service Branch
loanDepot.com, LLC   D/B/As:
LDWholesale
loanDepot
290 Citrus Tower Blvd, Suite 222, Clermont, FL 34711


Mortgage Broker Certificate Name Change Received:

June 29, 2020 (BR-MBD)
From: Platinum Mortgage Inc.
To: Think One Mortgage Inc


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

May 13, 2020

1868597

Cody Garrett Wood

Monroe

North Carolina

May 19, 2020

739910

Chad Douglas Hermann

Roanoke

Texas

May 29, 2020

1942577

Behzad Hamidi

Arlington

Virginia

June 5, 2020

369445

Frank Lauria

Massapequa

New York

June 11, 2020

1460108

Philip Kong

Fort Lee

New Jersey

June 15, 2020

1870734

Theresa Beth Givens

West Haven

Connecticut

June 15, 2020

1968628

Richard Anthony Sassone

Ballston Spa

New York

June 16, 2020

1974424

Karl Philip Meehan

Saratoga Springs

New York

June 17, 2020

1732008

Tanzilla Sookdeo

Baldwin

New York

June 17, 2020

1952921

Glendale Franklin Hamilton

Centralia

Missouri

June 18, 2020

201996

Sammy Duran

Parkland

Florida

June 19, 2020

372080

Milton Barber

West Babylon

New York

June 22, 2020

1887879

Zhao Lan Zhang

Green Brook

New Jersey


SECTION II

June 26, 2020 (MI-CRB)
CROSS RIVER BANK
885 Teaneck Road, Teaneck, NJ 07666

Notification received, in accordance with Supervisory Policy G 8, of the relocation of a representative office from 15 West 26th Street, Borough of Manhattan, City of New York 10010 to 27 Washington Avenue, Lawrence, Nassau County, New York 11559, effective June 26, 2020.


July 1, 2020 (BK-CRB)
VICTORY STATE BANK
4142 Hylan Boulevard, Staten Island, NY 10308

Victory State Bank merged with and into Northfield Bank, Staten Island, New York, effective July 1, 2020.


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

July 1, 2020 (MB-MBD)
New American Funding In lieu of Broker Solutions, Inc.
14511 Myford Road, Suite 100, Tustin, CA 92780


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

July 1, 2020 (MB-MBD)
Full Service Branch
Equity Now Inc.
2525 Ponce de Leon Blvd., Suite 300, Office 06, Coral Gables, FL 33134

July 1, 2020 (MB-MBD)
Full Service Branch
Reverse Mortgage Funding LLC
2355 Gold Meadow Way, Ste. 150, Gold River, CA 95670


Mortgage Loan Servicer’s Change of Address:

July 1, 2020 (MS-MBD)
Franklin Credit Management Corporation
From: 101 Hudson Street, 25th Floor, Jersey City, NJ 07302
To: 101 Hudson Street, 24th Floor, Jersey City, NJ 07302


The following Licensed 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 banker license to settle a violation of Section 591-a(2) of the Banking Law for failure to apply for and receive permission prior to using a business address.  The Settlement Agreement terms and conditions include a fine of $3,000.

July 1, 2020 (BR-MBD)
Sigma Funding Corp.
2534 Tilden Avenue, Brooklyn, NY 11226