Weekly Banking Bulletin

October 16, 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

October 8, 2020 (TR-CRB)
FIVE STAR BANK
55 North Main Street, Warsaw, NY 14569

Notice of intention to close branch office at 284 East Fairmount Avenue, Lakewood, Chautauqua County, New York 14750, received.

The comment period on this notice will expire November 16, 2020.


October 13, 2020 (sF-LFS)
MERCHANTS ACCEPTANCE CORP.
1314 Auburn Way N, Auburn, King County, WA 98002

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.


October 14, 2020 (SB-CRB)
APPLE BANK FOR SAVINGS
122 East 42nd Street, New York, NY 10168

Application dated October 14, 2020, for permission to open and occupy a branch office at 32 North Main Street, New City, Rockland County, New York 10956, received.


October 14, 2020 (BK-CRB)
CATSKILL HUDSON BANK
4445 Route 42 North, Thompson, New York 12701

Notice of intention to close branch office at 851 New Loudon Road, Latham, Town of Colonie, Albany County, New York 12110, received.

The comment period on this notice will expire November 16, 2020.


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

October 9, 2020 (MB-MBD)
Full Service Branch
Contour Mortgage Corporation
2 South Main Street, Suite D, Sayville, NY 11782

October 14, 2020 (MB-MBD)
Full Service Branch
Finance of America Mortgage LLC
30 Executive Park, Suite #120, Irvine, CA 92614


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
March 13, 2020 1629633 Hayat M. Al-Sayed Dearborn Michigan
March 25, 2020 1941686 Mark Hilton Schwartz Warren Michigan
July 1, 2020 488784 Carol Ann Doyle North Bellmore New York
July 20, 2020 1998102 Menachem M. Cohen Encino California
July 23, 2020 463886 Luis Fernandez Bayshore New York
August 5, 2020 1973094 Shahidul Bhuiyan Brooklyn New York
August 10, 2020 1933434 Tamara Nicola Williamson Rockville Centre New York
August 10, 2020 1990282 Sol Schwartz Brooklyn New York
August 12, 2020 1934834 Moshe C. Blumenberg Brooklyn New York
August 13, 2020 1483182 MIchael Jay Fox Melville New York
August 17, 2020 1942754 Elise Anne Rosmarin New York New York
August 24, 2020 1979473 Omer Navon Brooklyn New York
September 2, 2020 2020188 Maximilian Kovary Huntington Beach California
September 4, 2020 1936375 Alex Morlan Brooklyn New York
September 8, 2020 283420 Amir M. Elshafiy Brooklyn New York
September 11, 2020 1474857 Vincent Landon Latham Palm Bay Florida
September 14, 2020 1483917 Stephanie Cristina Nesci Larchmont New York
September 16, 2020 1885071 Jeffrey Paul Vista Rockville Centre New York
September 16, 2020 1988960 Joel Fuchs Lakewood New Jersey
September 16, 2020 1992250 Lynne Rose Bertoldo Staten Island New York
September 17, 2020 1978743 Hershl Berkowitz Monroe New York
September 21, 2020 238159 Geoffrey Richard Messerschmidt Aliso Viejo California
September 21, 2020 1943183 Joel Lopez Maspeth New York
September 21, 2020 2017160 Zachary Nicholas Roesch Plainview New York
September 23, 2020 172254 Kieran M. Rodgers East Northport New York
September 23, 2020 216485 Adam Matthew Falis Bethel Connecticut
September 25, 2020 2029973 Moises Carlos Rosales New Canaan Connecticut
September 29, 2020 1779164 Dennis Lugo Columbia Missouri
September 29, 2020 2002552 Yosef Zindel Stein Brooklyn New York
September 30, 2020 1598163 Emmanuel M. Boumakis Bayside New York
September 30, 2020 1973985 Konstantin Obuhov Brooklyn New York
September 30, 2020 1990291 Jennifer Marie Topal Sayville New York
October 1, 2020 2023723 Aaron Paul Riesel New York City New York
October 9, 2020 1025893 Matthew Scott Kidwell Greenwood Indiana
October 12, 2020 1691167 Brian Michael Collins Pendleton Indiana

SECTION II

September 4, 2020 (SF-LFS)
FLEXPATH CAPITAL, INC.  
28100 US Highway 19 N, Suite 411, Clearwater, FL 33761

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


October 1, 2020 (PF-LFS)
AFCO CREDIT CORPORATION
1133 Avenue of Americas, Suite 2735-39, New York, NY 10036

The license to engage in business as a premium finance agency at the following location was surrendered, effective October 15, 2020:
5600 North River Road, 4th Floor, Columbia Centre 1, Rosemont, IL 60018


October 1, 2020 (PF-LFS)
AFCO PREMIUM CREDIT LLC
1133 Avenue of Americas, Suite 2735-39, New York, NY 10036

The license to engage in business as a premium finance agency at the following location was surrendered, effective October 15, 2020:
5600 North River Road, 4th Floor, Columbia Centre 1, Rosemont, IL 60018


October 14, 2020 (BK-CRB)
SIGNATURE BANK
565 Fifth Avenue, New York, NY 10017

Notification received, in accordance with Supervisory Policy G 8, of the establishment of a representative office to be located at 9665 Wilshire Boulevard, Suite 250, Beverly Hills, Los Angeles County, California 90212.


October 14, 2020 (PF-LFS)
AFCO CREDIT CORPORATION
5600 North River Road, 4th Floor, Columbia Centre 1, Rosemont, IL 60018

The relocation of the main office was approved as follows, effective October 15, 2020: 
From:  1133 Avenue of Americas, Suite 2735-39, New York, NY 10036
To:  5600 North River Road, 4th Floor, Columbia Centre 1, Rosemont, IL 60018


October 14, 2020 (pf-LFS)
AFCO PREMIUM CREDIT LLC
5600 North River Road, 4th Floor, Columbia Centre 1, Rosemont, IL 60018

The relocation of the main office was approved as follows, effective October 15, 2020: 
From:  1133 Avenue of Americas, Suite 2735-39, New York, NY 10036
To:  5600 North River Road, 4th Floor, Columbia Centre 1, Rosemont, IL 60018


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

October 14, 2020 (MB-MBD)
Full Service Branch
loanDepot.com, LLC D/B/As:
LDWholesale
loanDepot
12 N. State Route 17, Suite 105, Paramus, NJ 07652

October 14, 2020 (MB-MBD)
Full Service Branch
Guidance Residential, LLC
One Cragwood Road, Suite 304, South Plainfield, NJ 07080

October 14, 2020 (MB-MBD)
Full Service Branch
United Northern Mortgage Bankers Limited D/B/As:
Senior Security Advisors
Senior Security Home Advantage
630 Boulevard, Suite 201, Elmwood Park, NJ 07407


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

October 14, 2020 (BR-MBD)
Full Service Branch
Astar Home Capital Inc
21 Grove Street, Suite 207, Spring Valley, NY 10977


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

October 13, 2020 (MB-MBD)
1st Priority Mortgage, Inc.
1881 Western Avenue, Suite 120A, Guilderland, NY 12203
Effective Date: April 1, 2020


Mortgage Banker License Address Changes:

October 8, 2020 (MB-MBD)
Powerhouse Solutions, Inc.
From: 1010 Northern Boulevard, Suite 234, Great Neck, NY 11021
To: 11 Grace Avenue, Suite 307, Great Neck, NY 11021


Mortgage Broker Certificate Address Changes:

October 8, 2020 (BR-MBD)
Zillow Group Marketplace, Inc. D/B/A Zillow Group Mortgages
From: 1301 Second Avenue, Floor 31, Seattle, WA 98101
To: 1301 Second Avenue, Floor 30, Suite 3000-A, Seattle, WA 98101


Mortgage Banker Branch License Address Changes:

October 8, 2020 (MB-MBD)
Nationwide Mortgage Bankers, Inc.  D/B/As:
Americasa Home Loans
NMBNOW
From: 1400 Old Country Road, Suite 413A, Westbury, NY 11590
To: 106-06 Jamaica Ave., 1st Floor, Jamaica, NY 11418

October 8, 2020 (MB-MBD)
United Mortgage Corp.  D/B/As:
NY Finest Funding
United Faith Mortgage
From: 20 Crossways Park Drive North, Unit A, Woodbury, NY 11797
To: 20 Crossways Park Drive North, Suite 110, Unit A, Woodbury, NY 11797