Weekly Banking Bulletin

September 4, 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

August 26, 2020 (FR-FWB)
DVB BANK SE
Platz der Republik 6, 60325 Frankfurt am Main, Germany

Notice to voluntarily surrender representative office license at 100 Park Avenue, Suite 1301, New York, NY 10017, received.


September 2, 2020 (TR-CRB)
POPULAR BANK
11 West 51st Street, New York, NY 10019

Application dated August 27, 2020, for permission to change the location of branch office from 301 71st Street, Miami Beach, Miami-Dade County, FL 33141 to 7306 Collins Avenue, Miami Beach, Miami-Dade County, FL 33141, received.


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

September 1, 2020 (BR-MBD)
Applicant(s)
Christopher Donald Zarnik
As: Positive Rate Mortgage, LLC
1631 Midtown Place, Suite 129, Raleigh, NC 27609


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 # Applicant Name City State
June 29, 2020 855741 Denise Pryia Chunilal-Mohammed Valley Stream New York
July 15, 2020 1978289 Alexandra Marte Totowa New Jersey
July 20, 2020 1858483 Jose O. Fortuna New York New York
July 23, 2020 1889014 Aaron Etienne Mauge West Hempstead New York
July 27, 2020 1301553 Vasiliki Kelari Ridgefield New Jersey
August 10, 2020 1961493 Griffin Fossella Staten Island New York
August 11, 2020 1996484 Marques Brown Glen Cove New York
August 17, 2020 327220 Daryle P. Pellegrino River Vale New Jersey
August 17, 2020 1441380 Anna Marie Bastida Harrisburg Missouri
August 17, 2020 1767794 Eduardo Javier Ramirez Jamaica New York
August 17, 2020 1959317 Max Pavelovich Bykov Stamford Connecticut
August 19, 2020 52871 Scott Henry Bley Arcade New York
August 19, 2020 1974469 Christian Bach Sapienza Ellicott City Maryland
August 19, 2020 2000032 Tate Duane Unruh Overland Park Kansas
August 19, 2020 2012660 Jordan Goldschmidt Flushing New York
August 24, 2020 1955399 Jonathan Peter Sanchez East Rockaway New York
August 24, 2020 2005690 Benjamin Kaywood Stith Mattydale New York
August 24, 2020 2007185 Daren Peter Wigger Hoboken New Jersey
August 27, 2020 1451550 Michael Joseph Sottosanti Staten Island New York

SECTION II

June 16, 2020 (SF-LFS)
CAR CREDIT USA, INC.
102 North Street, Endicott, NY 13760

License to engage in business as a sales finance company was surrendered.


July 10, 2020 (TR-CRB)
BNB BANK
2200 Montauk Highway, Bridgehampton, NY 11932

Authorization certificate issued July 19, 2019, granting permission to open and occupy branch office at 1450 Broadway, 37th Floor, Borough of Manhattan, City of New York 10018, surrendered for cancellation.

Office discontinued as of June 30, 2020.


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

The Department interposes no objection to the notice to establish and maintain a representative office at 445 Park Avenue, Borough of Manhattan, City of New York 10022. (Dexia Cr­édit Local currently maintains a New York State-licensed branch).

License to open and operate a representative office issued.


September 2, 2020 (FR-FWB)
DVB BANK SE
Platz der Republik 6, 60325 Frankfurt am Main, Germany

Representative office license located at 100 Park Avenue, Suite 1301, New York, NY 10017 surrendered on September 2, 2020.


September 3, 2020 (TM-LFS)
ALIPAY US, INC.
400 El Camino Real- 4th Floor, San Mateo, CA 94492

Application received for a change of control in Alipay US, Inc. located at 400 El Camino Real- 4th Floor, San Mateo, CA 94492, whereby Fang (Jane) Jiang, Xiaoming (Simon) Hu and Xiandong (Eric) Jing will each acquire 22% of the outstanding shares in an indirect parent of Alipay US, Inc. was approved on August 6, 2020.


September 3, 2020 (CC-LFS)
AMITYVILLE PAYROLL SERVICE, INC.    
575 Broadway, Amityville, New York 11701

The licenses to engage in business as a casher of checks at the following locations were surrendered, effective July 22, 2020:

Limited Station: Quality King Distributors Inc., 35 Sawgrass Drive, Bellport, NY 11713        
Limited Station: Pro’s Choice Beauty Care, Inc., 35 Sawgrass Drive, Bellport, NY 11713


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

September 2, 2020 (MB-MBD)
Full Service Branch
loanDepot.com, LLC D/B/As:
LDWholesale
loanDepot
4600 Marriott Drive, Suite 420, Raleigh, NC 27612

September 2, 2020 (MB-MBD)
Full Service Branch
Hartford Funding, LTD
100 Crossways Park Drive West, Suite 302, Woodbury, NY 11797


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

September 2, 2020 (MB-MBD)
Finance of America Mortgage LLC
1635 Union Center Highway, Suite 205, Endicott, NY 13760
Effective Date: June 17, 2020


Mortgage Banker Branch License Address Changes:

September 1, 2020 (MB-MBD)
Guaranteed Rate, Inc.
From: 39 Main Street, Suite B, Bloomingdale, NJ 07403
To: 350 Main Road, Suite 203, Montville, NJ 07045


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 # Applicant Name City State Sponsoring Entity
August 28, 2020 418636 Robert F. Ventola Ocean City New Jersey Draper and Kramer Mortgage Corp.

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 Application Withdrawn NMLS # Applicant Name City State
September 1, 2020 1902415 Ryan Robert Sheehy Fraser Michigan