Weekly Banking Bulletin

September 22, 2023

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 and Licensed Financial Services 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

Regulatory Unit Codes

SECTION I

September 18, 2023 (pf-LFS)
AFCO CREDIT CORPORATION DBA BANKDIRECT
5600 North River Road, 4th Floor, Columbia Centre I, Rosemont, Illinois 60018

A notification was received in connection with the addition of an assumed name, DBA AFCO Direct.

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.

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September 19, 2023 (TM-LFS)
PAYPAL, INC.
2211 N. First Street, San Jose, CA 95131

Notification received for addition of the trade name Xoom and trade name Venmo.

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.

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

September 20, 2023 (BR-MBD)
Applicant(s)
Bajwa Ali Mahmood
As: CFI Group LLC
2901 Bayview Ave, Suite 105, Baldwin, NY 11510

September 20, 2023 (BR-MBD)
Applicant(s)
Patankar Niket Ashok
Patankar Preeti Niket
As: Predian Financial Services, LLC
830 Morris Turnpike, 4th Floor, #456, Short Hills, NJ 07078

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

September 19, 2023 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
1165 Coast Village Road, Suite C, Santa Barbara, CA 93108

September 19, 2023 (MB-MBD)
Full Service Branch
Movement Mortgage, LLC
76 Medford Ave., Suite A, Patchogue, NY 11772

September 19, 2023 (MB-MBD)
Full Service Branch
PennyMac Loan Services, LLC
3201 E. Elwood Street, Suite 100, Phoenix, AZ 85034

September 19, 2023 (MB-MBD)
Full Service Branch
Nationwide Mortgage Bankers, Inc.
16501 State Route 706, 1st Floor, Montrose, PA 18801

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Application received pursuant to Section 594-b of the New York Banking Law and Part 410 of the Superintendent's Regulations for control interest:

September 20, 2023 (MB-MBD)
Applicant(s)
Ace Watanasuparp
Christopher Clifford
To acquire interest in:
Cliffco, Inc. D/B/A
CLOUT WMB
Cliffco Mortgage Bankers
70 Charles Lindbergh Blvd., Suite 200, Uniondale, NY 11553

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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.

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SECTION ll

September 18, 2023 (TM-LFS)
COINBASE INC.   
55 Hudson Yards, 550 West 34th Street, 4th Floor, New York, NY 10001

Application for change of location from 430 California Street, San Francisco, California, 94104 to 55 Hudson Yards, 550 West 34th Street, 4th Floor, New York, NY 10001 was approved, effective September 18, 2023.

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September 18, 2023 (MI-CRB)
CNB BANK
One South Second Street, Clearfield, PA 16830

Authorization issued to open and occupy a branch office at Cleve Hill Plaza, 1445 Kensington Avenue, Buffalo, Erie County, New York 14215, on or after September 19, 2023.

(This location is to be serviced by a mobile branch facility on a periodic basis).

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September 19, 2023 (PF-LFS)
TWIN PREMIUM CAPITAL LLC
60 E 42nd Street, Suite 1201, New York, NY 10165

Application filed by Eastern Premium Finance Group Inc. to engage in doing business as a Premium Finance Agency pursuant to Article 12-B of the NYS Banking Law, was approved effective September 13, 2023.

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September 19, 2023 (TM-LFS)
ORDER EXPRESS, INC.     
685 W. Ohio Street, Chicago, IL 60654

Application for the change of location from 685 W. Ohio Street, Chicago, IL 60610 to 685 W. Ohio Street, Chicago, IL 60654 was approved effective September 19, 2023.

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September 21, 2023 (CC-LFS)
NY COMMUNITY FINANCIAL, LLC
10 Elizabeth Street, River Edge, New Jersey 07661

The license to engage in business as a casher of checks at the following location has been surrendered, effective September 12, 2023:

Branch office: 2081 Lexington Avenue, New York, New York 10035-1703.

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Mortgage Banker Branch License Address Changes:

September 19, 2023 (MB-MBD)
Total Mortgage Services, LLC
From: 13051 Park Blvd, Unit 115, Seminole, FL 33776
To: 7777 131st Street, Unit 4, Seminole, FL 33776

September 19, 2023 (MB-MBD)
Allied Mortgage Group, Inc.
From: 360 Central Avenue, Suite 800, Office 844, St. Petersburg, FL 33701
To: 6500 Motor Enclave Way, Unit 405, Tampa, FL 33610

September 19, 2023 (MB-MBD)
Guidance Residential, LLC
From: One Cragwood Road, Suite 304, South Plainfield, NJ 07080
To: 505 Thornall Street, Suite 206, Edison, NJ 08837

September 19, 2023 (MB-MBD)
Embrace Home Loans, Inc.
From: 800 King Farm Boulevard, Suite 210A, Rockville, MD 20850
To: 702 King Farm Boulevard, Suite 250, Rockville, MD 20850

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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: