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New York State Department of Financial Services

Weekly Bulletin
June 6, 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

June 2, 2008 (SF-LFS)
AMERICREDIT FINANCIAL SERVICES, INC.
801 Cherry Street, Suite 3900, Fort Worth, TX 76102

Application received for a license to engage in business as a sales finance company at 818 S. Oak Park Road, 1st Floor, Covina, Los Angeles County, CA 91724.

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.


June 4, 2008 (SB-CRB)
NEW YORK COMMUNITY BANK
136-65 Roosevelt Avenue, Flushing, NY 11354

Notice of intention to close branch office at 3996 Amboy Road, Borough of Staten Island, City of New York 10308, received.

The comment period on this notice will expire July 7, 2008.


June 4, 2008 (CC-LFS)
UBNY, LLC
115 West 23rd Street, New York, NY 10011

An application was received for a license to operate a limited station casher of checks at B&P TRANSFER INC., 60-20 59th Place, Maspeth, NY 11378.

The publication of receipt of these applications does not indicate that the applications are 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.


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

June 04, 2008 (BR-MBD)
Applicant(s)
Dawn Elise Sullivan
Gregory Michael Pfeiffer
As: All Shores Mortgage, L.L.C.
451 Lake Avenue, St. James, NY 11780


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:

May 29, 2008 (BR-MBD)
From: Applicant(s)
Faisal Lafi Jabbour
As: Faze One Funding, Limited Liability Company
269 Purchase Street, First Floor, Rye, NY 10580

To: Faze One Funding, Limited Liability Company
880 Mile Square Road, Ground Floor, Yonkers, NY 10704


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

June 02, 2008 (BR-MBD)
Full Service Branch
Morgan Stanley & Co. Incorporated
6532 East Quaker Street, Orchard Park, NY 14127

June 02, 2008 (BR-MBD)
Full Service Branch
G M I Funding In Lieu of True Name G M I Home Loans, LLC
570 South Avenue East, Mezzanine Suite 2, Cranford, NJ 07016

June 02, 2008 (BR-MBD)
Full Service Branch
Citizens Financial Mortgage, Inc.
414 Centre Street, Nutley, NJ 07110

June 02, 2008 (BR-MBD)
Full Service Branch
Primerica Financial Services Home Mortgages, Inc.
90 John Street, Suite 635, 6th floor, New York, NY 10038

June 02, 2008 (BR-MBD)
Full Service Branch
Jacob Dean Mortgage, Inc.
One Exchange Place, Suite 700, Jersey City, NJ 07302

June 02, 2008 (BR-MBD)
Full Service Branch
Residential Capital Corp.
635 Walton Avenue, Bronx, NY 10451

June 03, 2008 (BR-MBD)
Full Service Branch
Rand Mortgage LLC
2 Corporate Drive, Suite 201, Central Valley, NY 10917


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

May 29, 2008 (MB-MBD)
Full Service Branch
Summit Mortgage Bankers, Inc.
136-20 38th Avenue, Suite 11 I, Flushing, NY 11354

June 02, 2008 (MB-MBD)
Full Service Branch
Nationstar Mortgage LLC D/B/A
Champion Mortgage Company
4940 South Wendler Drive, Suite 210, Tempe, AZ 85282

June 02, 2008 (MB-MBD)
Full Service Branch
Continental Home Loans Inc.
76 Meford Avenue, Suite A, Patchogue, NY 11772

June 02, 2008 (MB-MBD)
Full Service Branch
NFM, Consultants In Lieu of True Name NFM, Inc.
2322 Locust Avenue, Ronkonkoma, NY 11779

June 03, 2008 (MB-MBD)
Full Service Branch
American Dream Mortgage Bankers, Inc.
450 New Karner Road, Suite 202, Albany, NY 12205


Mortgage Broker Certificate Name Change Received:

May 29, 2008 (BR-MBD)
From: United Mortgage Brokerage, Inc.
To: United Mortgage Group, Inc.


Application received pursuant to Section 590(5-a) of the New York State Banking Law to act as an FHA Mortgage Loan Correspondent:

May 29, 2008 (BR-MBD)
Advantage Home Funding Inc. D/B/A NY Advantage Home Funding
3799 Route 46 East, Suite 104, Parsippany, NJ 07054 1055


SECTION II

April 24, 2008 (CC-LFS)
REPUBLIC CAPITAL GROUP, LLC
5519 New Utrecht Avenue, Brooklyn, NY 11219

A license was issued to engage in business as a licensed casher of commercial checks at 1440 Forest Avenue, Store #8, Staten Island, NY 10302.


May 19, 2008 (CC-LFS)
NY COMMUNITY FINANCIAL, LLC
560 Sylvan Avenue, Englewood Cliffs, NJ 07632

A license was issued to engage in business as a licensed casher of checks at 52-41 Van Dam Street, Long Island City, NY 11101 in connection with the purchase of assets of Prima Check Cashing, Inc.

In connection with the above license issuance, the original check casher license for 52-41 Van Dam Street, Long Island City, NY 11101 was surrendered.


May 19, 2008 (CC-LFS)
NY COMMUNITY FINANCIAL, LLC
560 Sylvan Avenue, Englewood Cliffs, NJ 07632

A license was issued to engage in business as a licensed casher of checks at 1801 University Avenue, Bronx, NY 10453.

In connection with the above license issuance, the original check casher license for 1801 University Avenue, Bronx, NY 10453 was surrendered.


May 19, 2008 (CC-LFS)
NY COMMUNITY FINANCIAL, LLC
560 Sylvan Avenue, Englewood Cliffs, NJ 07632

A license was issued to engage in business as a licensed casher of checks at 274 East 198th Street, Bronx, NY 10458 in connection with the purchase of assets of Prima Check Cashing, Inc.

In connection with the above license issuance, the original check casher license for 274 East 198th Street, Bronx, NY 10458 was surrendered.


May 23, 2008 (PF-LFS)
HUDSON CITY ASSOCIATES INC. and F G O CORP. D/B/A PREMIUM PAYMENT PLAN
One Hudson City Centre, Hudson, NY 12534-2340

License to engage in business as a premium finance agency was surrendered.


May 30, 2008 (CC–LFS)
EASTCHESTER CHECK CASHING, INC.
2046-A Eastchester Road, Bronx, NY 10461-2240  

A license was issued to engage in business as a licensed casher of checks, as a result of the purchase of certain assets of Prima Check Cashing, Inc. at 48 Gramatan Avenue, Mt. Vernon, NY 10550.   

In connection with the above license issuance, the original check casher license for 48 Gramatan Avenue, Mt. Vernon, NY 10550 was surrendered.


May 30, 2008 (CC–LFS)
EASTCHESTER CHECK CASHING, INC.
2046-A Eastchester Road, Bronx, NY 10461-2240  

A license was issued to engage in business as a licensed casher of checks, as a result of the purchase of certain assets of Prima Check Cashing, Inc. at 242 South Fulton Avenue, Mt. Vernon, NY 10553.    

In connection with the above license issuance, the original check casher license for 242 South Fulton Avenue, Mt. Vernon, NY 10553 was surrendered.


May 30, 2008 (CC–LFS)
EASTCHESTER CHECK CASHING, INC.
2046-A Eastchester Road, Bronx, NY 10461-2240  

A license was issued to engage in business as a licensed casher of checks, as a result of the purchase of certain assets of Prima Check Cashing, Inc. at 723 Burke Avenue, Bronx, NY 10467.    

In connection with the above license issuance, the original check casher license for 723 Burke Avenue, Bronx, NY 10467 was surrendered.


May 30, 2008 (TR-FWB)
AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC
59 Maiden Lane, New York, NY 10038

Authorization Certificate issued.

Capital Contributions: $5,000,000


June 2, 2008 (SB-CRB)
RIDGEWOOD SAVINGS BANK
71-02 Forest Avenue, Ridgewood, NY  11385

Applicant notified in writing that no objection will be interposed to the establishment of an electronic facility (automated teller machine) at the Craft Fair/Duck Race, Babylon Town Hall, 200 Sunrise Highway, North Lindenhurst, Town of Babylon, Suffolk County, NY 11757.

(This is a mobile facility which will operate on June 7, 2008, and annually thereafter at the above event.)


June 2, 2008 (SB-CRB)
RIDGEWOOD SAVINGS BANK
71-02 Forest Avenue, Ridgewood, NY  11385

Applicant notified in writing that no objection will be interposed to the establishment of an electronic facility (automated teller machine) at the Hicksville Street Fair, Jerusalem Avenue & Route 107, Hicksville, Town of Oyster Bay, Nassau County, NY 11801.

(This is a mobile facility which will operate on July 20, 2008, and annually thereafter at the above event.)


June 2, 2008 (LL-LFS)
HOUSEHOLD FINANCE CORPORATION III 
26525 North Riverwoods Blvd., Mettawa, IL  60045
 
License to engage in business as a license lender at 111 Congressional Boulevard, Carmel, IN 46032-5652 was surrendered.


June 4, 2008 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

As provided in Section 28-c of the Banking Law, the Superintendent of Banks has found that the proposed closing of branch office at 1435 Upper Front Street, Town of Chenango, Broome County, NY 13901 will not result in a significant reduction of banking services in the community to be affected.


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

May 29, 2008 (BR-MBD)
Options Funding Inc.
87-98 193rd Street, Holliswood, NY 11423


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

May 29, 2008 (BR-MBD)
Joseph Real Estate
2405 Avenue U, Brooklyn, NY 11229
Effective Date: May 15, 2008

May 29, 2008 (BR-MBD)
Infinity Funding Ltd.
184 Higbie Lane, West Islip, NY 11795
Effective Date: May 19, 2008

May 29, 2008 (BR-MBD)
Joy Mortgage Corp.
136-11 38th Avenue, Suite 2B, Flushing, NY 11354
Effective Date: May 19, 2008

May 29, 2008 (BR-MBD)
Essex Home Resources Corporation
One Exchange Place, Suite 301, Jersey City, NJ 07302
Effective Date: May 28, 2008

May 29, 2008 (BR-MBD)
Pen-Web Funding Group, Inc.
42 Pen Web Park, Webster, NY 14580
Effective Date: May 20, 2008

May 29, 2008 (BR-MBD)
Andy Ross Group, LLC
29 Boston Post Road, Madison, CT 06443 2131
Effective Date: May 23, 2008

May 29, 2008 (BR-MBD)
Innova, Ltd. D/B/A
Innova Mortgage of New York
1403 West Hilshire Park Drive, Houston, TX 77055 3266
Effective Date: May 23, 2008

May 29, 2008 (BR-MBD)
The Lake Rock Capital Corporation
75 Maiden Lane, Suite 336, New York, NY 10038
Effective Date: May 16, 2008

May 29, 2008 (BR-MBD)
The First Corp.
31 Thornwood Drive, Poughkeepsie, NY 12603
Effective Date: May 27, 2008

May 29, 2008 (BR-MBD)
Mitre Professional Services Inc. D/B/A Mitre Mortgage Services
1050 U.S. Highway 27, Suite 21, Clermont, FL 34714 7508
Effective Date: May 06, 2008

May 30, 2008 (BR-MBD)
Vincent M Zaloom Realty Associates Ltd
World Mortgage Financial Group
1186 Hylan Blvd., Staten Island, NY 10305
Effective Date: May 23, 2008

May 30, 2008 (BR-MBD)
Cornerstone Funding Co., Ltd.
566 Route 6, Mahopac, NY 10541 4783
Effective Date: April 01, 2008

May 30, 2008 (BR-MBD)
Accountable Mortgage L.L.C.
4915 Auburn Avenue, Suite 100, Bethesda, MD 20814 2636
Effective Date: May 22, 2008

June 02, 2008 (BR-MBD)
Interglobal Realty Corp.
3777 Independence Ave., Suite 5L, Riverdale, NY 10463
Effective Date: May 31, 2008

June 02, 2008 (BR-MBD)
Crestview Mortgage Corp.
76-A West Montauk Highway, Hampton Bays, NY 11946
Effective Date: May 31, 2008


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

May 29, 2008 (MB-MBD)
FALC Home Mortgage In Lieu of True Name First American Realty Capital Corp
3660 Wilshire Boulevard, Suite 200, Los Angeles, CA 90010 2753
Effective Date: May 27, 2008


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

May 29, 2008 (BR-MBD)
Full Service Branch
The AMB Network In Lieu of True Name America's Mortgage Broker, L.L.C.
Additional DBA(S): Credit One Mortgage Company
U.S. One Mortgage
Funding America
EZ Money Zone Express
S. Valdes Broker and Associates
Resolution Group
7120 Kinross Drive, Raleigh, NC 27613
Effective Date: May 28, 2008

May 29, 2008 (BR-MBD)
Full Service Branch
Andy Ross Group, LLC
435 North Terrace Avenue, Mount Vernon, NY 10552
Effective Date: May 28, 2008

May 30, 2008 (BR-MBD)
Full Service Branch
Cornerstone Funding Co., Ltd.
1030 Dutchess Turnpike, Poughkeepsie, NY 12603
Effective Date: April 01, 2008

May 30, 2008 (BR-MBD)
Full Service Branch
Cornerstone Funding Co., Ltd.
21 Old Main Street, Suite 206, Fishkill, NY 12514
Effective Date: April 01, 2008

May 30, 2008 (BR-MBD)
Full Service Branch
Cornerstone Funding Co., Ltd.
One Huntington Quadrangle, Suite C404, Melville, NY 11747
Effective Date: April 01, 2008

June 02, 2008 (BR-MBD)
Full Service Branch
Crestview Mortgage Corp.
111 South Tyson Avenue, Floral Park, NY 11001
Effective Date: May 31, 2008

June 02, 2008 (BR-MBD)
Full Service Branch
Crestview Mortgage Corp.
17 Revere Drive West, Floral Park, NY 11001
Effective Date: May 31, 2008

June 02, 2008 (BR-MBD)
Full Service Branch
R & M Mortgage, Inc.
163 North Street, Auburn, NY 13021
Effective Date: May 23, 2008

June 02, 2008 (BR-MBD)
Full Service Branch
Carteret Mortgage Corporation
7566 Main Street, Sykesville, MD 21784
Effective Date: June 01, 2008

June 02, 2008 (BR-MBD)
Full Service Branch
Centennial Funding Group, Inc.
660 White Plains Road, #330, Tarrytown, NY 10591
Effective Date: June 02, 2008

June 04, 2008 (BR-MBD)
Full Service Branch
Morgan Stanley & Co. Incorporated
100 South Bedford Road, 3rd Floor, Mount Kisco, NY 10549
Effective Date: June 03, 2008


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

June 02, 2008 (MB-MBD)
Full Service Branch
AmeriFirst Home Improvement Finance Co.
4405 South 96th Street, Omaha, NE 68127
Effective Date: June 01, 2008

June 04, 2008 (MB-MBD)
Full Service Branch
American Nationwide Mortgage Company, Inc.
636 Plank Road, Suite 111, Clifton Park, NY 12065
Effective Date: May 13, 2008


Subsequent to a hearing conducted on February 13, 2008, the following company's Mortgage Broker registration was permanently revoked on April 29, 2008. The Superintendent found substantial evidence has been adduced that Respondent, a mortgage broker registered pursuant to Article 12-D of the New York State Banking Law (the “Banking Law”), violated the provisions of Section 597 of the Banking Law and Part 410.8(b) of the Superintendent’s Regulations in that Respondent has not submitted a Volume of Operations Report for the 2006 calendar year.

June 04, 2008 (BR-MBD)
Integrity Financial In Lieu of True Name Integrity Mortgage Financial, Inc.
7249 West Hillsborough Avenue, #2, Tampa, FL 33634


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

May 29, 2008 (BR-MBD)
Stonebridge Funding Corp.
2805 Veterans Memorial Highway, Suite 21, Ronkonkoma, NY 11779

May 30, 2008 (BR-MBD)
Keep On Funding LLC
777 Kent Avenue, Suites 229 & 230, Brooklyn, NY 11205

May 30, 2008 (BR-MBD)
Matteo Patisso D/B/A New Millennium Capital
57A Hillwood Drive, Huntington Station, NY 11746

May 30, 2008 (BR-MBD)
AP Mortgage Services In Lieu of True Name A+ Mortgage Services, LLC
113 Elm Street, Suite 104, Enfield, CT 06082 3700


Mortgage Broker Certificate Name Changes:

May 29, 2008 (BR-MBD)
From: Richesse Funding Corp.
To: Noble Funding Corp.


Mortgage Broker Certificate Address Changes:

May 29, 2008 (BR-MBD)
Noble Funding Corp.
From: 7901 Ridge Boulevard, Brooklyn, NY 11209
To: 596 Myrtle Avenue, Brooklyn, NY 11205

May 30, 2008 (BR-MBD)
Nations Funding Source, Inc.
From: 2200 West Commercial Boulevard, Suite 103, Fort Lauderdale, FL 33309
To: 280 West Prospect Road, Fort Lauderdale, FL 33309

June 02, 2008 (BR-MBD)
Na-Home Funding Corp.
From: 14-09 150th Street, 2nd Floor, Whitestone, NY 11357
To: 14-17 150th Street, 2nd Floor, Whitestone, NY 11357

June 02, 2008 (BR-MBD)
Commerce Capital Inc.
From: 1160 East Jericho Turnpike, Suite 220, Huntington, NY 11743
To: 1160 East Jericho Turnpike, Suite 18, Huntington, NY 11743 5400

June 02, 2008 (BR-MBD)
GS Financial Network, LLC
From: 1983 Marcus Avenue, Suite 117, Lake Success, NY 11042
To: 591 Stewart Avenue, Suite 150, Garden City, NY 11530

June 02, 2008 (BR-MBD)
Babylon Funding Group Inc.
From: 73 Deer Park Avenue, Suite #1, Babylon, NY 11702
To: 9 Maple Court, Rear Cottage, Bay Shore, NY 11702


Mortgage Banker License Address Changes:

June 02, 2008 (MB-MBD)
AmeriFirst Home Improvement Finance Co.
From: 4041 Powder Mill Road, Suite 204, Calverton, MD 20705
To: 4405 South 96th Street, Omaha, NE 68127


Mortgage Banker Branch License Address Changes:

June 02, 2008 (MB-MBD)
American Financial Resources, Inc.
From: 715 Avenue U, Brooklyn, NY 11223
To: 800 Lanidex Plaza, Suite 220, Parsippany, NJ 07054


SECTION III

May 27, 2008
HERITAGE BANK, NATIONAL ASSOCIATION
708 Third Avenue, 17th Floor, New York, NY 10017, New York County

Application to open a Brooklyn Branch at 1333 60th Street, Brooklyn, NY 11219, Kings County, received.


May 27, 2008
HERITAGE BANK, NATIONAL ASSOCIATION
708 Third Avenue, 17th Floor, New York, Ny   10017, New York County

Application to open a Melville Branch at 58 South Service Road, Melville, NY 11747, Suffolk County, received.

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