Weekly Banking Bulletin

October 27, 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

BK

Bank

MB

Mortgage Banker

BP

Budget Planner

BR

Mortgage Broker

CC

Check Casher

MS

Mortgage Servicer

CU

Credit Union

PF

Premium Finance Agency

FA

Foreign Agency

PB

Private Banker

FB

Foreign Branch

SB

Savings Bank

FR

Foreign Representative Office

SD

Safe Deposit Company

HC

Holding Company

SF

Sales Finance Agency

IC

Investment Company

SL

Savings and Loan Association

LL

Licensed Lender

SL

Student Loans

MK

Merchant Bank

TM

Transmitter of Money

MI

Miscellaneous

TR

Trust Company

 

 

VC

Virtual Currency

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 12, 2023 (SF-LFS)
Toyota Motor Credit Corporation U/A/N Mazda Financial Services, U/A/N Lexus Financial Services      
6565 Headquarters Drive, Plano, Texas, 75024

Notification received for a change of name from Toyota Motor Credit Corporation U/A/N Mazda Financial Services, U/A/N Lexus Financial Services to Toyota Motor Credit Corporation U/A/N Mazda Financial Services, U/A/N Lexus Financial Services, U/A/N Bass Pro Shops Financial Services.

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.


October 22, 2023 (CU-CRB)
CFCU COmmunity credit union
1030 Craft Road, Ithaca, NY 14850

Application dated October 18, 2023, for permission to open and maintain a station at 2315 North Triphammer Road, Village and Town of Lansing, Ithaca, Tompkins County, NY  14850, received.


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

October 24, 2023 (BR-MBD)
Applicant(s)
Matthew T. Robinson
As: LuxeRates, LLC
22 Industrial Blvd, Unit 11c, Medford, NY 11763


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

October 25, 2023 (MB-MBD)
Full Service Branch
FAReverse LLC In Lieu of Finance of America Reverse LLC
600 Townpark Lane, Suite 300, Kennesaw, GA 30144


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

January 28, 2023

1989881

Cleon Walker

Brooklyn

New York

June 2, 2023

1885036

Besnard Cadet

Cambria Heights

New York

July 6, 2023

2156775

Stephen Dean Pappas

Lindenhurst

New York

August 15, 2023

871611

Andrew Cory Fuchs

Astoria

New York

August 23, 2023

2218611

Chelsea Marie Bressingham

Garden City

New York

August 31, 2023

2500899

Takee Bilmaruf

Floral Park

New York

September 6, 2023

2486164

Titus Robinson Maddela

Farmingdale

New York

September 14, 2023

1864639

Zhuangzhuang Ma

Lynbrook

New York

September 21, 2023

2440890

Marian K. Echeverry

Eastport

New York

September 26, 2023

2381351

Alex Steven Verdov

Brooklyn

New York

September 26, 2023

2520268

Nicholas Garrett Boyd

Fairport

New York

October 4, 2023

588949

Alishia Puahone Taiping

Jersey City

New Jersey

October 6, 2023

1062988

Jacqueline M. Noun

Liverpool

New York

October 11, 2023

121204

David Gambogi

Lansdale

Pennsylvania

October 11, 2023

2505592

Jennifer Louise Newton

Chandler

Arizona

October 12, 2023

235881

Nicole Maria Perrone

Ocean

New Jersey

October 12, 2023

336542

Bryony Jane Scharnett

Scottsdale

Arizona

October 13, 2023

87586

Jeremy Thomas Schulz

New Milford

Connecticut

October 17, 2023

2526164

Benjamin Estrada

Garden Grove

California

October 18, 2023

92673

Nibedita Acharya

Lake Forest

California


SECTION II

October 11, 2023 (MI-CRB)
MAGNOLIA BANK, INCORPORATED
651 West Dixie Avenue, Elizabethtown, KY 42701

Notification received, in accordance with Supervisory Policy G 8, of the establishment of a representative office to be located at 247 W. 38th Street, Suite 905, Borough of Manhattan, City of New York 10018.


October 11, 2023
RONDOUT SAVINGS BANK
300 Broadway, Kingston, NY 12401

Notification received, in accordance with Supervisory Policy G 8, of the closing of the representative office at 185 Green Street, Suite 2, Kingston, Ulster County, New York 12401, effective October 31, 2023.


October 20, 2023 (BK-CRB)
SPRING BANK
69 East 167th Street, Bronx, NY 10452

As provided in Section 28-c of the Banking Law, the New York State Department of Financial Services has found that the proposed closing of branch office at 301 West 111th Street (a/k/a 2049 8th Avenue or 2049 Frederick Douglass Boulevard), Borough of Manhattan, City of New York 10026 will not result in a significant reduction of financial services in the community to be affected.


Certificate to engage in the business of a Mortgage Broker surrendered:

October 25, 2023 (BR-MBD)
Harbor Funding Group, Inc.
45 Cedar Swamp Road, Unit #1, Glen Cove, NY 11542
Effective Date: October 23, 2023

October 25, 2023 (BR-MBD)
Agent Funding & Abstract LLC D/B/A Mortgage Tech Home Finance
4459 Amboy Road, 2nd Floor, Suite 1, Staten Island, NY 10312
Effective Date: October 10, 2023


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

October 25, 2023 (MB-MBD)
CrossCountry Mortgage, LLC
801 Franklin Ave., Suite 201, Franklin Lakes, NJ 07417
Effective Date: September 26, 2023

October 25, 2023 (MB-MBD)
Planet Home Lending, LLC
20 Crossways Park Drive North, Suite 110, Woodbury, NY 11797
Effective Date: October 4, 2023

October 25, 2023 (MB-MBD)
CrossCountry Mortgage, LLC
301 North Cattlemen Road, Suite Number 101, Sarasota, FL 34232
Effective Date: September 26, 2023


Mortgage Banker License Name Changes:

October 25, 2023 (MB-MBD)
From: TBI Mortgage Company
To: Toll Brothers Mortgage Company

October 25, 2023 (MB-MBD)
From: Ivy Mortgage, Inc.
To: Ivy Mortgage, Inc.  D/B/A Ivy Direct


Mortgage Banker License Address Changes:

October 24, 2023 (MB-MBD)
AFMC Mortgage In Lieu of American Federal Mortgage Corporation
From: 360 Route 24, Chester, NJ 07930
To: 360 Route 24, Suite B, Chester, NJ 07930


Mortgage Banker Branch License Address Changes:

October 24, 2023 (MB-MBD)
CrossCountry Mortgage, LLC
From: 123 S Cayuga Street, Suite 406, Ithaca, NY 14850
To: 7 Union Place, 2nd Floor, Summit, NJ 07901

October 24, 2023 (MB-MBD)
Planet Home Lending, LLC
From: 2002 North Lois Avenue, Suite 800, Tampa, FL 33607
To: 3111 W Dr Martin Luther King Jr Blvd, Suite 325, Tampa, FL 33607

October 24, 2023 (MB-MBD)
Fairway Independent Mortgage Corporation
From: 45 North Broad Street, Suite #327, Ridgewood, NJ 07450-3856
To: 411 Hackensack Avenue, Suite 200, Hackensack, NJ 07601


Application to establish a Mortgage Banker's Branch received for examination, has been withdrawn:

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

October 23, 2023 (MB-MBD)
Full Service Branch
Cardinal Financial Company, Limited Partnership
125 Half Mile Rd., Suite 200, Office #41, Red Bank, NJ 07701


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

October 19, 2023

782731

Joyce Frazzitta

Seaford

New York

Movement Mortgage, LLC

October 19, 2023

1032607

David Ernest Anger

Ruskin

Florida

Planet Home Lending, LLC


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

October 6, 2023

1840983

Blaise Edwin Shepherd

Richfield

Ohio

October 19, 2023

30038

John Jason Walker

Granite Bay

California