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New York State Department of Financial Services


Weekly Bulletin
February 8, 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

January 5, 2008 (CC- LFS)
SUBWAY CHECK CASHING SERVICE, INC.
1041 Westchester Avenue, Bronx, NY 10459

An application was received for a license to engage in business as a licensed casher of checks at 179-39 Hillside Avenue, Jamaica, NY 11432, in connection with the purchase of the assets of Hillside Check Cashing Corp.

The publication of receipt of the application does not indicate that the application is deemed complete. The 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 25, 2008 (FR- FWB)
MARFIN POPULAR BANK PUBLIC CO. LTD.
154 Limassol Avenue, P.O. Box 22032, 1598 Nicosia, Cyprus

Notice to voluntarily surrender representative office license at 450 Park Avenue, New York, NY 10022, received.


January 30, 2008 (LL-LFS)
CITIFINANCIAL, inc.
300 St. Paul Place, Baltimore, MD 21202

Notification of change of a licensed lender business location from 100 East Route 59, Nanuet, NY 10954 to 2 Medical Park Drive, Suite 16, Building C, Palisades Professional Center, West Nyack, NY 10994 was received.

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.


January 31, 2008 (BK-FWB)
REDWOOD BANK
1000 Coffeen Street, Watertown, NY 13601

Application dated January 28, 2008 for permission to change the location of principal office from 1000 Coffeen Street, Watertown, Jefferson County, NY 13601 to 111 Clinton Street, Watertown, Jefferson County, NY 13601, received.


February 1, 2008 (BK-CRB)
AMERICAN COMMUNITY BANK
300 Glen Street, Glen Cove, NY 11542

Application dated January 23, 2008 for permission to open and occupy a branch office at 1968 Jericho Turnpike, East Northport, Town of Huntington, Suffolk County, NY 11731, received.


February 1, 2008 (BP-LFS)
AMERICAN DEBT RESOURCES, INC.
209 Main Street, Northport, NY 11768

A notification of a change of address to 248C Larkfield Road, East Northport, NY 11768 from 209 Main Street, Northport, NY 11768 was received.

The publication of receipt of the notification does not indicate that the notification is deemed complete. The notification is deemed complete and filed when all required and requested information has been provided to the Department by the licensee.


February 4, 2008 (TM-LFS)
INTERMEX WIRE TRANSFER LLC
9480 South Dixie Highway, Miami, Florida 33156

An application for a license to engage in the business of a transmitter of money, pursuant to Article XIII-B of the Banking Law, was received.

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.


February 5, 2008 (BP-LFS)
ALLIANCE CREDIT COUNSELING, INC.
15720 John J. Delaney Drive, Suite 100, Charlotte, NC 28277-2747

A notification of a change of address to 13777 Ballantyne Corporate Place, Suite 100, Charlotte, NC 28277 from 15720 John J. Delaney Drive, Suite 100, Charlotte, NC 28277 was received. 

The publication of receipt of the notification does not indicate that the application is deemed complete. The notification is deemed complete and filed when all required and requested information has been provided to the Department by the licensee.


February 7, 2008 (BK-CRB)
AMERICAN COMMUNITY BANK
300 Glen Street, Glen Cove, NY 11542

Application dated January 22, 2008 for permission to open and occupy a branch office at 55335 Main Road, Southold, Town of Southold, Suffolk County, NY 11971 for the limited purpose of conducting lending activities, received.


February 7, 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, 12290 North NC Highway 150, Arcadia Township, Davidson County, NC 27127; and
  2. Gettysburg Museum and Visitor Center, 1195 Baltimore Pike, Gettysburg, Adams County, PA 17325.

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

February 04, 2008 (BR-MBD)
Applicant(s)
John Cole
As: Cole Realty and Lending, Inc. D/B/A CRL
1000 North Coast Highway, #7, Laguna Beach, CA 92651

February 04, 2008 (BR-MBD)
Applicant(s)
Donna Marie Liso
As: Independence 1 Capital LLC D/B/A Independence Capital
102-34 Jamaica Avenue, Richmond Hill, NY 11418 2009

February 06, 2008 (BR-MBD)
Applicant(s)
Olanrewaju Adedayo Olufemi
As: Abby Mortgage & Financial Corp.
250 Langley Drive, Suite 1104, Lawrenceville, GA 30045 6932


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

February 05, 2008 (MB-MBD)
Full Service Branch
Franklin First Financial, Ltd. D/B/A Franklin First Mortgage Bankers
Additional DBA(S): Presidents First Mortgage Bankers
Hancock First Mortgage Bankers
Kennedy First Mortgage Bankers
60 Main Street, Suite 100, Hamburg, NY 14075

February 05, 2008 (MB-MBD)
Full Service Branch
Franklin First Financial, Ltd. D/B/A Franklin First Mortgage Bankers
Additional DBA(S): Presidents First Mortgage Bankers
Hancock First Mortgage Bankers
Kennedy First Mortgage Bankers
3631 Route 46 West, Suite 450, Fairfield, NJ 07004


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.

February  06, 2008
Paul  Nam Hoi  Sung Bayside NY
Ignacio  Anthony  Vidal Syosset NY
   
January   14, 2008                   
Anthony    Scopelliti Tarrytown NY
   
January   22, 2008                   
Lydia  B  Fishbein Woodstock NY
Jennifer  Lee  Brandolino Nisakayuna NY
Nicole  M  Cho Flushing NY
Mr.    Nitsan-Parach Stone Ridge NY       
Blaine  Anthony  Hart Elkridge NY
   
January   23, 2008                   
Brian  Donald  Sakevich Jersey City NJ
Cheryl    Rosenthal Atlantic Beach NY
   
January   24, 2008                   
Caytini    Kwee Lawrenceville GA
Jeffrey  Ridgway  Ogren South Salem NY
   
January   30, 2008                   
Diana  Lynn  Spada Kingston NY
 
January   31, 2008       
Janet  Elaine  Allen Alden NY

SECTION II

January 5, 2008 (LL-LFS)
CITIFINANCIAL, inc.
300 St. Paul Place, Baltimore, MD 21202

License issued for a branch office change of location from 100 East Route 59, Nanuet, NY 10954 to 2 Medical Park Drive, Suite 16, Building C, Palisades Professional Center, West Nyack, NY 10994.

In connection with the above, the supplemental license for 100 East Route 59, Nanuet, NY 10954 was surrendered.


January 11, 2008 (CC-LFS)
PRIMA CHECK CASHING, INC. d/b/a AMERICAN CHECK CASHING and FINANCIAL SERVICES 
44 North Saw Mill River Road, Elmsford, NY 10523

License to engage in business as casher of checks at 343 Rockaway Turnpike, Bay Harbor Mall, Lawrence, NY 11559 was surrendered.


January 11, 2008 (CC-LFS)
PRIMA CHECK CASHING, INC. d/b/a AMERICAN CHECK CASHING and FINANCIAL SERVICES 
44 North Saw Mill River Road, Elmsford, NY 10523

License to engage in business as casher of checks at 29-20 Hoyt Avenue South, Astoria, NY 11102 was surrendered.


January 22, 2008 (LL-LFS)
BENEFICIAL NEW YORK INC
2700 Sanders Road, Prospect Heights, IL 60070

License to engage in business as a licensed lender at 111 Congressional Boulevard, Carmel, IN 46032-5652 was surrendered.


January 24, 2008 (CC-LFS)
SUNRISE CHECK CASHING SERVICES, LLC
580 Sunrise Highway, Baldwin, NY 11510

License to engage in business as casher of checks at Alcan Packaging Food and Tobacco Inc. D/B/A Alcan Packaging, 1403 Fourth Avenue, New Hyde Park, NY  11040 was surrendered.


January 30, 2008 (FA-FWB)
BANCO DE LA PROVINCIA DE BUENOS AIRES
San Martin 137-1597, Buenos Aires, Argentina

Voluntary liquidation, pursuant to Section 605.11 of the Banking Law, of its New York agency located at 609 Fifth Avenue, Suite 1006, New York, NY 10017, completed.

License surrendered as of January 9, 2008.                                                                  


January 31, 2008
AMALGAMATED BANK
275 Seventh Avenue
New York, New York 10001

Application pursuant to Section 96-d of the Banking Law, for designation of portions of Sunset Park, Brooklyn as a “Banking Development District,” was approved by the Superintendent.  The co-applicant is the City of New York (Borough of Brooklyn).


February 4, 2008 (TM-LFS)
REAL EXPRESS CORP.
33-02 Broadway, Astoria, New York 11106

An application for a license to engage in business as a transmitter of money was approved.


February 7, 2008 (TR-CRB)
AMALGAMATED BANK
275 Seventh Avenue, New York, NY  10001

The Superintendent has filed, pursuant to Section 601-b of the New York Banking Law, as of close of business, January 18, 2008, a “Purchase and Assumption Agreement” dated March 27, 2007, and other required documents, providing for the acquisition of certain assets and assumption of liabilities of Nevada State Bank, Las Vegas, Nevada, by Amalgamated Bank.

The branch offices of Nevada State Bank at the following locations have become branch offices of Amalgamated Bank:

  1. Pecos Food4Less, 3250 East Flamingo Road, Las Vegas, Clark County, Nevada  89121;
  2. Decatur Food4Less, 4001 South Decatur Boulevard, Las Vegas, Clark County, Nevada 89103; and,
  3. North Las Vegas Food4Less, 2255 North Las Vegas Boulevard, North Las Vegas, Clark County, Nevada  89030.

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

February 05, 2008 (MB-MBD)
Florida Key Financial In Lieu of True Name Key Financial Corporation
3631 131st Avenue North, Clearwater, FL 33762


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

January 31, 2008 (BR-MBD)
AT Mortgage Inc. DBA 1st Capital Home Mortgage
336 Main Street, Farmingdale, NY 11735
Effective Date: January 24, 2008

February 01, 2008 (BR-MBD)
Jeffrey Schapira DBA Dependable Mortgage Company
80-A Livingston Street, Brooklyn, NY 11201
Effective Date: January 23, 2008


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

February 01, 2008 (MB-MBD)
TMS Financial In Lieu of True Name The Mortgage Store Financial, Inc.
660 South Figueroa Street, 9th Floor, Los Angeles, CA 90017
Effective Date: January 31, 2008

February 01, 2008 (MB-MBD)
Lendia, Inc.
46 Lizotte Drive, Marlborough, MA 01752
Effective Date: January 17, 2008

February 05, 2008 (MB-MBD)
M & M Resources Unlimited, Inc. U/A/N MMResourcesunlimited.com
Additional DBA(S): HRM Funding Network
470 Long Pond Road, Suite 205, Rochester, NY 14612
Effective Date: February 04, 2008


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

January 31, 2008 (BR-MBD)
Full Service Branch
Primerica Financial Services Home Mortgages, Inc.
20 Peachtree Court, Suite 103M, Holbrook, NY 11741
Effective Date: January 30, 2008

January 31, 2008 (BR-MBD)
Full Service Branch
Discount Funding Associates, Inc.
550 West Old Country Road, Suite 100, Hicksville, NY 11801
Effective Date: January 31, 2008

January 31, 2008 (BR-MBD)
Full Service Branch
AT Mortgage Inc. DBA 1st Capital Home Mortgage
738 Smithtown Bypass, Suite 101, Smithtown, NY 11787
Effective Date: January 24, 2008

January 31, 2008 (BR-MBD)
Full Service Branch
AT Mortgage Inc. DBA 1st Capital Home Mortgage
5 West 37th Street, Suite 1102, New York, NY 10018
Effective Date: January 24, 2008

January 31, 2008 (BR-MBD)
Full Service Branch
AT Mortgage Inc. DBA 1st Capital Home Mortgage
175 Fulton Avenue, Suite 300, Hempstead, NY 11550
Effective Date: January 24, 2008

February 01, 2008 (BR-MBD)
Full Service Branch
Jeffrey Schapira DBA Dependable Mortgage Company
334 Grover Avenue East, Massapequa Park, NY 11762
Effective Date: January 23, 2008

February 01, 2008 (BR-MBD)
Full Service Branch
UBS Financial Services Inc.
657 East Main Street, Mount Kisco, NY 10549
Effective Date: January 10, 2008


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

February 01, 2008 (MB-MBD)
Full Service Branch
MortgageIT, Inc. DBA MIT Lending Additional DBA(S): IPI Skyscraper Mortgage
33 Flying Point Road, Suite 200, Southampton, NY 11968
Effective Date: February 01, 2008

February 01, 2008 (MB-MBD)
Full Service Branch
ResMAE Mortgage Corporation
1000 Route 9, Suite 204, Woodbridge, NJ 07095
Effective Date: February 01, 2008

February 01, 2008 (MB-MBD)
Full Service Branch
Credit Suisse Financial Corporation DBA Credit Suisse Mortgage Direct
10401 Deerwood Park Boulevard, Jacksonville, FL 32256
Effective Date: January 31, 2008

February 05, 2008 (MB-MBD)
Full Service Branch
M & M Resources Unlimited, Inc. U/A/N MMResourcesunlimited.com
Additional DBA(S): HRM Funding Network
30 Military Road, Buffalo, NY 14207
Effective Date: February 04, 2008

February 05, 2008 (MB-MBD)
Full Service Branch
M & M Resources Unlimited, Inc. U/A/N MMResourcesunlimited.com
Additional DBA(S): HRM Funding Network
2483 Corning Road, Elmira, NY 14903
Effective Date: February 04, 2008


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

January 31, 2008 (BR-MBD)
Intracoastal Mortgage Corp.
1218 Winter Garden - Vineland Road, Suite 128, Winter Garden, FL 34787

January 31, 2008 (BR-MBD)
The Credit Source, Inc.
2 Gramatan Avenue, Suite 217, Mount Vernon, NY 10550

February 01, 2008 (BR-MBD)
Custom Equities Solutions Inc.
1000 Voorhees Drive, 1st Floor, Voorhees, NJ 08043

February 01, 2008 (BR-MBD)
Southwest Capital Corp.
66-18 Myrtle Avenue, Glendale, NY 11385

February 04, 2008 (BR-MBD)
America 1st Corp.
30 Ocean Avenue, Massapequa, NY 11758 7923

February 04, 2008 (BR-MBD)
Convergence Mortgage, Inc.
8019 North Himes Avenue, Suite 406, Tampa, FL 33614 2762

February 05, 2008 (BR-MBD)
Thomas J Hannan
248 Beach 124th Street, Belle Harbor, NY 11694

February 05, 2008 (BR-MBD)
Hugo B Gomez
124 Rockaway Avenue, Valley Stream, NY 11580

February 06, 2008 (BR-MBD)
UMAC, The Financial Group In Lieu of True Name United Mortgage Acceptance Company, LLC
283 Shippan Avenue, Stamford, CT 06902

February 06, 2008 (BR-MBD)
Village Mortgage of Rhinebeck, LLC
6052 B Route 9, Rhinebeck, NY 12572


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

January 31, 2008 (BR-MBD)
Dividend Funding Corp.
3075 Veterans Memorial, Suite 131, Ronkonkoma, NY 11779
Effective Date: December 27, 2007

February 01, 2008 (BR-MBD)
Final Touch Funding Inc
175 Eileen Way, Suite A-1, Syosset, NY 11791
Effective Date: January 04, 2008

February 01, 2008 (BR-MBD)
Nationwide Mortgage Corp.
108-18 Queens Boulevard, Suite 704, Forest Hills, NY 11375 7200
Effective Date: December 24, 2007


Mortgage Broker Certificate Address Changes:

January 31, 2008 (BR-MBD)
Withers & Company, Inc. D/B/A Mortgage 1
Additional DBA(S): Mortgage 1.com
From: 303 Sunnyside Boulevard, Suite 26, Plainview, NY 10803
To: 800 Central Park Avenue, Suite 204, Scarsdale, NY 10583

February 01, 2008 (BR-MBD)
Home State Funding Solutions, LLC.
From: 736 Broadway, Bayonne, NJ 07002
To: 871 Broadway, Bayonne, NJ 07002

February 01, 2008 (BR-MBD)
HomePromise Corporation
From: 3022 Javier Road, Suite 215, Fairfax, VA 22031
To: 60 South Washington Street, Suite 106
Greencastle, PA 17225

February 01, 2008 (BR-MBD)
AdvisorOne Mortgage, LLC
From: 99 Citizens Drive, Suite 3, Glastonbury, CT 06033
To: 119 Hebron Avenue, Glastonbury, CT 06033

February 01, 2008 (BR-MBD)
Warner Mortgage LLC
From: 145 Ocean Avenue, Unit 101, Lakewood, NJ 08701
To: 300 Main Street, Suite 2, Lakewood, NJ 08701

February 01, 2008 (BR-MBD)
All In One Mortgage Corporation
From: 5260 Merrick Road, 2nd Floor, Massapequa, NY 11578
To: 1814 Merrick Road, Suite 301, Merrick, NY 11566 4530

February 04, 2008 (BR-MBD)
High Class Mortgage Corp.
From: 575 Underhill Boulevard, Suite 104, Syosset, NY 11791
To: 519 Central Avenue, Suite C, Massapequa, NY 11758

February 04, 2008 (BR-MBD)
Forest Capital Group, Inc.
From: 108-18 Queens Boulevard, Suite 705, Forest Hills, NY 11375
To: 100-09 Metropolitan Avenue, Ground Floor, Forest Hills, NY 11375

February 06, 2008 (BR-MBD)
All Metro Mortgage Inc.
From: 2949 Long Beach Road, Oceanside, NY 11572
To: 34 Atlantic avenue, Suite 200F, Lynbrook, NY 11563


Mortgage Broker Branch Certificate Address Changes:

February 01, 2008 (BR-MBD)
Centennial Mortgage Corp.
From: 1064 Main Street, Fishkill, NY 12524
To: 1020 Main Street, Suite A, Fishkill, NY 12524

February 01, 2008 (BR-MBD)
Primerica Financial Services Home Mortgages, Inc.
From: 777 Terrace Avenue, 2nd floor, Hasbrouck Heights, NJ 07604
To: 777 Terrace Avenue, 1st Floor, Hasbrouck Heights, NJ 07604


Mortgage Banker Branch License Address Changes:

February 01, 2008 (MB-MBD)
Home Consultants, Inc. D/B/A HCI Mortgage
Additional DBA(S): Liberty Capital
From: 136 Bay Street, Staten Island, NY 10306
To: 8508 5th Avenue, Suite 300, 3rd Floor, Brooklyn, NY 11209

February 01, 2008 (MB-MBD)
CitiFinancial Company U/F/N CitiFinancial Company (DE)
From: 100 East Route 59, Nanuet, NY 10954
To: 2 Medical Park Drive, Suite 16, Building C, West Nyack, NY 10994


The following Registered Mortgage Broker paid a fine for failure to submit, in a timely manner, a Volume of Operations Report for the year 2006 which is required by Section 597 of the Banking Law.

January 31, 2008 (BR-MBD)
Laher Associates, Inc. D/B/A Enterprise Financial Services
94-17 Jamaica Avenue, Woodhaven, NY 11421
Amount - $825.00


The following licensed Mortgage Banker paid a fine for failure to submit a Volume of Operations Report for the year 2006 which is required by Section 597 of the Banking Law.

February 01, 2008 (MB-MBD)
SIRVA Mortgage, Inc.
6070 Parkland Blvd., Mayfield Heights, OH 44124 4191
Amount - $10000.00


SECTION III

January 25, 2008
MODERN BANK, NATIONAL ASSOCIATION
667 Madison Avenue, New York, New York 10065

Application received to open a new Messenger Service branch at 667 Madison Avenue, New York, New York.

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