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New York State Department of Financial Services


Weekly Bulletin
January 25, 2008

SECTION I

This section records the receipt of applications and notices to the Banking Department.   Applications and notices received by the Foreign and Wholesale Banks, Community and Regional Banks and Licensed Financial Services Divisions are listed in order of date of receipt; applications and notices received by the Mortgage Banking Division 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 BANKING DEPARTMENT.  Any comment on, or objection to, any item contained in this Weekly Bulletin should be presented to the Banking 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 The Secretary of the New York State Banking Board, One State Street, New York, New York 10004-1417 before the stated deadline or (b) transmitted by e-mail to BBSecretary@banking.state.ny.us. To view only those current and pending Section I applications and notices which are CRA-related, please click here.

SECTION II

This section records actions taken by the Superintendent of Banks and/or the Banking Board, and other information concerning the activities of the Banking Department.  Actions relating to institutions supervised by the Foreign and Wholesale Banks, Community and Regional Banks and Licensed Financial Services Divisions are listed in order of date of action; actions relating to institutions supervised by the Mortgage Banking Division are listed at the end of Section II by type of action taken.

SECTION III

This section provides notification of the filing by federally-chartered institutions of applications for new branches to be located in New York received from Mr. Toney Bland, Deputy Comptroller, Office of the Comptroller of the Currency, 340 Madison Avenue, 5th Floor, New York, NY  10017 and Mr. Brian Steffey, Office of Thrift Supervision, Harborside Financial Center Plaza Five, Suite 1600, Jersey City, NJ 07311.  Any comment or objection in relation to any application in Section III should be communicated immediately to the supervisor of the institution involved, with a copy furnished to this office.  This section is provided as a courtesy to New York State-regulated banking institutions; additional information relating to federally-chartered institutions is available in the Office of the Comptroller of the Currency’s Weekly Bulletin or its Web site:  http://www.occ.treas.govand via the Office of Thrift Supervision’s Web site at: http://www.ots.treas.gov.

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 Banking Department Division which has supervisory responsibility for the institution.  The following is a list of the codes and their meanings:

Institution Codes

BK = Bank
TR = Trust Company
PB = Private Banker
SD = Safe Deposit Company
HC = Holding Company
SB = Savings Bank
MK = Merchant Bank
SL = Savings and Loan Association
CU = Credit Union
IC = Investment Company
FA = Foreign Agency

FB = Foreign Branch
FR = Foreign Representative Office
PR = Premium Finance Agency
SF = Sales Finance Agency
LL = Licensed Lender
TM = Transmitter of Money
BP = Budget Planner
CC = Check Casher
MB = Mortgage Banker
BR = Mortgage Broker
MS = Miscellaneous

Division Codes

FWB = Foreign and Wholesale Banks Division
CRB = Community and Regional Banks Division
LFS = Licensed Financial Services Division
MBD = Mortgage Banking Division
CSD = Consumer Services Division


SECTION I

December 24, 2007
AMALGAMATED BANK (BK-CSD)
275 Seventh Avenue, New York, NY 10001

Application dated December 21, 2007, pursuant to Section 96-d of the Banking Law, for prior approval of the Superintendent of Banks for Amalgamated Bank’s application for the designation of Community Board 5, Bronx as a “Banking Development District”, received.  The co-applicant is the Borough of the Bronx.


January 10, 2008 (FB-FWB)
CAIXA DE AFORROS DE VIGO, OURENSE E PONTEVEDRA
Avenida Garcia Barbon, 1, 36201 Vigo, Pontevedra, Spain

Application, pursuant to Section 201 of the Banking Law, to establish and maintain a branch in the Borough of Manhattan, City of New York, received.


January 18, 2008 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

Notices of intention to establish electronic facilities (automated teller machines) at the following two locations, received:

  1. Sheetz Inc. Convenience Store, 650 Whitley Drive, Greenville, Pitt County, NC 28590; and
  2. Sheetz Inc. Convenience Store, 270 Route 61 South, North Manheim Township, Schuylkill County, PA 17972.

January 22, 2008 (CC-LFS)
A & S CHECK CASHING CORP.
737 Suffolk Avenue, Brentwood, NY 11717

An application was received for a license to engage in business as a licensed casher of checks at 737 Suffolk Avenue, Brentwood, NY 11717.

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 public response is to be given within ten business days.


January 23, 2008 (TR-FWB)
THE BANK OF NEW YORK
One Wall Street, New York, NY 10005

Application dated January 23, 2008 for permission to change the location of branch office from Niedenau 61-63, Frankfurt, Germany to Bockenheimer Landstrasse 24, Frankfurt, Germany, received.


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

January 18, 2008 (BR-MBD)
Applicant(s)
Robert L. Vellanoweth
Kelly Ann Vellanoweth
As: Westcoast Mortgage Group and Realty  Company
2716 Broadway, Sacramento, CA 95818

January 18, 2008 (BR-MBD)
Applicant(s)
David Alonzo Nigrelli
As: Skyline West Capital Group Inc. D/B/A Skyline Capital
220 White Plains Road, Suite 425, Tarrytown, NY 10591 5892


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

January 23, 2008 (MB-MBD)
Applicant(s)
Avelino Manuel Figueira
As: Eastern New York Mortgage In Lieu of True Name East Coast Mortgage Corp.
110 Fairview Avenue, Verona, NJ 07044

January 23, 2008 (MB-MBD)
Applicant(s)
Timothy Wayne Williams
Richard Barney Ray, Jr.
Ward Richey Whitfield
Paul Wayne Nichols
David Raymond Jordan
As: 21st Mortgage Corporation
620 Market Street, Knoxville, TN 37902


Application to engage in the business of a Mortgage Broker under Article 12-D of the New York State Banking Law received for examination amended the name to read as follows:

January 23, 2008 (BR-MBD)
From: Applicant (s)
John Thomas Magna
As: AmeriTech Capital Corp.
99 Powerhouse Boulevard, Roslyn, NY 11577

To: Magnum Capital Corp.
99 Powerhouse Boulevard, Roslyn, NY 11577


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

January 23, 2008 (BR-MBD)
From: Applicant(s)
Phillip Andre Baltazar
As: America Funding, Inc.
1749 Old Meadow Road, Suite 100, McLean, VA 22102

To: America Funding, Inc.
1749 Old Meadow Road, Suite 410, McLean, VA 22102


Application to engage in the business of a Mortgage Banker under Article 12-D of the New York State Banking Law received for examination amended name to read as follows:

From:
October 24, 2007 (MB-MBD)
Applicant(s)
Daniel Green Crockett
Scott Jason Tansil
As: Franklin American Mortgage Company Inc.
501 Corporate Centre Drive, Suite 400, Franklin, TN 37067

To:
January 23, 2008 (MB-MBD)
Applicant(s)
Daniel Green Crockett
Scott Jason Tansil
As: Franklin American Mortgage Company
501 Corporate Centre Drive, Suite 400, Franklin, TN 37067


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

January 22, 2008 (BR-MBD)
Full Service Branch
Andy Ross Group, LLC
435 North Terrace Avenue, Mount Vernon, NY 10552


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

January 22, 2008 (MB-MBD)
Full Service Branch
NFM, Consultants In Lieu of True Name NFM, Inc.
7203 Thirteenth Avenue, Brooklyn, NY 11228


Applications received for authorization as a Mortgage Loan Originator under Article 12-E of the New York State Banking Law. Each Individual listed may engage in mortgage loan origination activities on a temporary basis until such time as the Superintendent approves or denies his/her application or the
application is withdrawn.

January 14, 2008 (LO-MBD)
Donna Ann Lundon Commack NY
     
January 15, 2008 (LO-MBD)
Hope Lopez Beauchamp Chestnut Ridge NY
     
January 18, 2008 (LO-MBD)
Grant    Beauchamp Lititz PA
     
January 22, 2008 (LO-MDB)  
Gregory G Eckert New Paltz NY
Gregory G Esch New York NY
Abby M Gross West Hurley NY
     
January 23, 2008 (LO-MBD)
Emmett Joseph Haydel Corinth NY
     

SECTION II

January 17, 2008 (BK-CRB)
BERKSHIRE MUNICIPAL BANK
41 State Street, Albany, NY 12207

Application of the “Certificate of Amendment of the Organization Certificate of Berkshire Municipal Bank under Section 8005 of the Banking Law, providing for the change of name of the corporation from Berkshire Municipal Bank to Berkshire Bank Municipal Bank,” was approved in principle by Superintendent.


January 17, 2008 (LL-LFS)
BENEFICIAL NEW YORK, INC.
2700 Sanders Road, Prospect Heights, IN 60070

License issued to engage in business as a licensed lender at 51 Century Boulevard, Suite 230, Nashville, TN 37214.


January 17, 2008 (LL-LFS)
HOUSEHOLD FINANCE CORPORATION III
2700 Sanders Road, Prospect Heights, IN 60070

License issued to engage in business as a licensed lender at 51 Century Boulevard, Suite 230, Nashville, TN 37214.


January 18, 2008 (FR- FWB)
BANK OF CYPRUS PUBLIC COMPANY LTD.
51 Stassinos Street, Ayia Paraskevi, Stovolos, PO BOX 21472, CY-1599 Nicosia, Cyprus

Representative office license located at 80 Broad Street, surrendered on January 18, 2008.


January 18, 2008 (CC- LFS)
CBMC, INC. D/B/A MONEY CENTERS
115 West 23rd Street, New York, NY 10011

A license was issued to operate a limited station casher of checks at Railex Corp., 38-20 Review Avenue, Long Island City, NY 11101.


January 22, 2008 (BK – CRB)
AMALGAMATED BANK
275 Seventh Avenue, New York, NY 10001

The Superintendent’s approval of the “Certificate of Amendment of Organization Certificate of Amalgamated Bank under Section 8005 of the Banking Law” was granted.

The amendment provides for an increase in authorized shares of Class A Common Stock from 700,000 shares totaling $7,000,000 to 870,000 shares totaling $8,700,000 each with a par value of $10.00 per share.


January 23, 2008 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

Approval given to change the location of branch office from Frederick Towne Mall, 1301 West Patrick Street, Frederick, Frederick County, MD 21702 to 1304 West Patrick Street, Frederick, Frederick County, MD 21703, on or after January 24, 2008.


January 23, 2008 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Authorization granting permission to open and occupy a branch office at 11350 McCormick Road, Hunt Valley, Baltimore County, MD 21031, surrendered for cancellation.

Office discontinued as of January 4, 2008.


January 25, 2008 (CC-LFS)
NY COMMERCIAL FINANCE CORP.
100 Broadway, Brooklyn, NY 11211

Temporary license to conduct business as a commercial check casher under Article IX-A of the New York State Banking Law, extended.  The temporary license is good for 30 days only, unless otherwise extended by the Superintendent of Banks.


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

January 23, 2008 (BR-MBD)
One World Funding, Inc.
One Michael Avenue, Farmingdale, NY 11735


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

January 22, 2008 (BR-MBD)
Titan Mortgage Network Inc
100 Harbor View Drive, Suite #243, Port Washington, NY 11050
Effective Date: January 14, 2008

January 22, 2008 (BR-MBD)
Wald Financial Services, Inc.
2707 Morgan Avenue, Bronx, NY 10469 5520
Effective Date: January 14, 2008

January 22, 2008 (BR-MBD)
Classic Financial Service, LLC
3217 Philip Avenue, Bronx, NY 10465 1629
Effective Date: January 15, 2008


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

January 23, 2008 (MB-MBD)
Vertical Lend Inc., DBA Boulder Financial Group
Additional DBA(S): Mortgage Warehouse
Lender Lead Solutions
LLS Financial
3 Huntington Quadrangle # 303, Melville, NY 11747
Effective Date: January 23, 2008


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

January 23, 2008 (BR-MBD)
Full Service Branch
New Star Funding Corp.
91 Main Street, 3rd floor, West Orange, NJ 07052
Effective Date: January 17, 2008


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

January 23, 2008 (MB-MBD)
Full Service Branch
All American Home Mortgage Corp DBA All American Mortgage Bankers
7203 13th Avenue, Brooklyn, NY 11228
Effective Date: January 18, 2008

January 23, 2008 (MB-MBD)
Full Service Branch
Household Finance Realty Corporation of New York
111 Congressional Boulevard, Suite 500, Carmel, IN 46032
Effective Date: January 18, 2008

January 23, 2008 (MB-MBD)
Full Service Branch
Beneficial Homeowner Service Corporation
111 Congressional Boulevard, Suite 500, Carmel, IN 46032
Effective Date: January 18, 2008

January 23, 2008 (MB-MBD)
Full Service Branch
Freedom Mortgage Corporation d/b/a Jefferson Home Mortgage and Loan
591 Stewart Avenue, Suite 100, Garden City, NY 11530
Effective Date: January 23, 2008


The following have been reinstated to the role of registered mortgage brokers. New mortgage brokerage residential property business may now be resumed:

January 17, 2008 (BR-MBD)
Myles - Pat Associates, Inc. DBA Myles Mortgage Services
59 North Main Street, Florida, NY 10921

January 17, 2008 (BR-MBD)
Flash Mortgage Solutions, Inc.
37-29 72nd Street - Suite 203, Jackson Heights, NY 11372 6126

January 17, 2008 (BR-MBD)
Limestone Capital Corporation, Inc.
5300 Memorial Drive, Suite 201E, Stone Mountain, GA 30083

January 18, 2008 (BR-MBD)
Platinum Capital Corp.
175 East Shore Road, Suite 100, Great Neck, NY 11023

January 18, 2008 (BR-MBD)
Finest Star Mortgage Corp.
70 Seaman Avenue, Rockville Centre, NY 11570

January 18, 2008 (BR-MBD)
North Coast Mortgage In Lieu of True Name East Coast Mortgage & Financial
301 West Atlantic Avenue, Suite 0-6, Delray Beach, FL 33444

January 18, 2008 (BR-MBD)
Papa's Den Mortgage Corp.
1165 Forest Avenue, Staten Island, NY 10310 2408

January 18, 2008 (BR-MBD)
MortgageMoney4u Inc.
460 Granny Road, Medford, NY 11763

January 18, 2008 (BR-MBD)
Cobham Capital LLC
7 Meadowbrook Drive, Huntington Station, NY 11746 2916

January 18, 2008 (BR-MBD)
ABC Funding LLC
2875 West 8th Street, Brooklyn, NY 11224 3632
Branch Offices:
580 Midland Avenue, Staten Island, NY 10306

January 18, 2008 (BR-MBD)
Hsueh-Jen Cheng D/B/A Lanyang Financial Consultant
201-03 34th Avenue, Bayside, NY 11361

January 18, 2008 (BR-MBD)
Mark W. O'Connell DBA Statewide Mortgage Assistance Company
45 Park Place, Saratoga Springs, NY 12866

January 18, 2008 (BR-MBD)
Treehouse Funding, LLC
41 New Main Street, Store #3, Haverstraw, NY 10927

January 18, 2008 (BR-MBD)
Mega Funding International Corp.
420 Lexington Avenue, Suite 300, New York, NY 10170

January 18, 2008 (BR-MBD)
Happy Home Funding LLC
185 Marcy Avenue, Suite 302, Brooklyn, NY 11211 6261
Branch Offices:
564 Bay Street, Suite 1B, Staten Island, NY 10314
60 Dutch Hill Road, Suite #1, Orangeburg, NY 10962
5806 16th Avenue, 1st Floor, Brooklyn, NY 11204

January 18, 2008 (BR-MBD)
Reliable Financing Services, Ltd.
4200 Baychester Avenue, Bronx, NY 10466 3209

January 22, 2008 (BR-MBD)
Glenda M. Forde D/B/A Elite Financing
373 Atlantic Avenue, Brooklyn, NY 11217 1701

January 22, 2008 (BR-MBD)
Allstar Financial Inc.
2 Crossfield Avenue, Suite 210, West Nyack, NY 10994 2226

January 22, 2008 (BR-MBD)
Pioneer Home Equity Corporation
850 South Hermitage Road, Suite B, Hermitage, PA 16148

January 23, 2008 (BR-MBD)
American Success Company, Inc. DBA American Success Mortgage
123 Fifth Avenue, 3rd Floor, New York, NY 10003 1019

January 23, 2008 (BR-MBD)
JJPB Properties, LLC d/b/a Americas Trusted Mortgage
44 Wall Street, 10th Floor, New York, NY 10005


Application to assume active status as a registered mortgage broker pursuant to Article 12-D of the Banking Law approved:

January 23, 2008 (BR-MBD)
Zaman Wilson D/B/A Vern-Mount Realty Services
20 Fiske Place, Mount Vernon, NY 10550
Effective Date: January 23, 2008


Mortgage Broker Certificate Address Changes:

January 18, 2008 (BR-MBD)
Star 21 Funding Inc.
From: 3275 Veterans Memorial Hwy., Suite B12, Ronkonkoma, NY 11779
To: 246F Larkfield Road, East Northport, NY 11731

January 22, 2008 (BR-MBD)
First Fidelity Mortgage Group, Ltd.
From: 201 Old Country Road, Suite 202, Melville, NY 11747
To: 732 Smithtown Bypass, Suite 300, Smithtown, NY 11787

January 22, 2008 (BR-MBD)
Oasis Mortgage, Inc.
From: 2110 Smithtown Avenue, Suite 5, Ronkonkoma, NY 11779
To: 160-2 Remington Boulevard, Unit 51E, Ronkonkoma, NY 11779

January 23, 2008 (BR-MBD)
Baldassare S. Agro D/B/A Argo Financial Group
From: 1111 Route 110, Suite 202, Farmingdale, NY 11735
To: 148 Broadway, Amityville, NY 11701

January 23, 2008 (BR-MBD)
IMC Real Estate Finance Corp. d/b/a IMC Mortgage Company Additional DBA(S): M 1
From: 180 East Post Road, White Plains, NY 10601
To: 373 Mamaroneck Avenue, Suite Basement, White Plains, NY 10605

January 23, 2008 (BR-MBD)
1st Citizen Mortgage, L.L.C.
From: 95 Route 17 South - Suite 202, Paramus, NJ 07652
To: 119 Littleton Road, Suite 104, Parsippany, NJ 07054

January 23, 2008 (BR-MBD)
Great Northern Mortgage Corp.
From: 68-60 Austin Street, Suite 201, Forest Hills, NY 11375
To: 68-60 Austin Street, Suite 302, Forest Hills, NY 11375 9997

January 23, 2008 (BR-MBD)
Absolute New York in Lieu of True Name Absolute Mortgage Solutions, LLC
From: 111 Founders Plaza, 19th Floor, East Hartford, CT 06108
To: 124 Hebron Avenue, Suite 3, Glastonbury, CT 06033

January 23, 2008 (BR-MBD)
Braccio Inc. D/B/A The Mortgage Forum
From: 114-04 Beach Channel Drive, Suite 7, Rockaway Park, NY 11694
To: 2809 Lindenmere Drive, Merrick, NY 11566


Mortgage Broker Branch Certificate Address Changes:

January 22, 2008 (BR-MBD)
First Fidelity Mortgage Group, Ltd.
From: 732 Smithtown Bypass, Suite 300, Smithtown, NY 11787
To: 58 South Service Road, Suite 210, Melville, NY 11787

January 22, 2008 (BR-MBD)
Advantage Real Estate Services, Inc.
From: Nine North Professional Park, Bldg. 2, 2nd floor, Halfmoon, NY 12065
To: 90C Broad Street, Waterford, NY 12188

January 23, 2008 (BR-MBD)
Baldassare S. Agro D/B/A Argo Financial Group
From: 535 Broad Hollow Road, Suite B-8, Melville, NY 11747
To: 105 Greene Street, Suite L6, Jersey City, NJ 07302


Mortgage Banker Branch License Address Changes:

January 22, 2008 (MB-MBD)
Nationwide Equities Corporation
From: 5 Seminary Avenue, Yonkers, NY 10704
To: 20 Broad Hollow Road, Suite 3008, Melville, NY 11747

January 23, 2008 (MB-MBD)
Home Loan Center, Inc.
From: 11016 Rushmore Drive, Charlotte, NC 28277
To: 11215 Rushmore Drive, Charlotte, NC 28277


THERE WILL BE NO SECTION III THIS WEEK

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