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New York State Department of Financial Services

Weekly Bulletin
June 27, 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


June 26, 2008             
CALL FOR REPORTS
The Superintendent of Banks issued a call for reports of condition and income from banks, trust companies and private bankers as at the close of business June 30, 2008.  In accordance with Part 23 of the General Regulations of the Banking Board, those banks and trust companies which file similar reports with the Federal Reserve Bank of New York or the Federal Deposit Insurance Corporation do not have to file such reports with this Department.  Banks, trust companies, and private bankers that are required to file reports with the Banking Department are reminded that failure to file these reports by July 31, 2008 will result in a violation of Sections 37, 125 or 176 of the Banking Law which authorize fines for each day an institution is delinquent in filing of any required report.


SECTION I

June 20, 2008 (SB-CRB)
WATERTOWN SAVINGS BANK
111 Clinton Street, Watertown, NY 13601

Application dated June 16, 2008 for permission to open and occupy a branch office in Big M Supermarket, 475 State Street, Clayton, Jefferson County, NY 13624 for the limited purpose of operating an automated teller machine and a customer depository, received.

The comment period expires on July 7, 2008.


June 24, 2008 (SF-LFS)
DISCOVER SARATOGA CAPITAL, INC.
642 Saratoga Road, Scotia, Schenectady County, NY 12302

A notification of a change of location to 533 Saratoga Road, Glenville, Schenectady County, NY 12302 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.


June 25, 2008 (TM-LFS)
ITC FINANCIAL LICENSES, INC.
1791 O.G. Skinner Drive, West Point, Georgia 31833

A notification of change of a licensed money transmitter business location from 1791 O.G. Skinner Drive, West Point, Georgia 31833 to 5617 Princeton Avenue, Suite B, Columbus, Georgia 31904 was received.

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


June 26, 2008 (LL-LFS)
DCFS USA LLC
27777 Inkster Road, Farmington Hills, MI 48334

Notification of change of a licensed lender business location from 1011 Warrenville Road, Suite 600, Lisle, Illinois 60532 to 13650 North Freeway, Fort Worth, TX 76177 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.


June 26, 2008 (CC- LFS)
PLS CHECK CASHERS OF NEW YORK #3, INC.
729 4th Avenue, Brooklyn, NY 11232

An application for a license to engage in business as a licensed casher of checks at 770 Port Richmond Avenue, Staten Island, NY 10302 in connection with the purchase of certain assets of Staten Island Payment Center, Inc. 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.

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 24, 2008 (BR-MBD)
Applicant(s)
Keith Laird Barclay
As: Barclay Mortgage Services
In Lieu of True Name Barclay Funding Corp.
731 Alexander Road, Suite 210, Princeton, NJ 08540


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

June 23, 2008 (MB-MBD)
Full Service Branch
U.S. Capital Funding, LLC
143 Jericho Turnpike, 1st floor, Mineola, NY 11501


Mortgage Broker Certificate Name Change Received:

June 25, 2008 (BR-MBD)
From: Sangjoon Han
To: Sangjoon Han
Additional DBA(s) Keystone Funding Group


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

June 23, 2008 (BR-MBD)
Applicant(s)
Debra Beth Schuman
To acquire interest in:
Lane Mortgage, LLC
500 North Broadway, Suite 153, Jericho, NY 11753


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

June 25, 2008 (BR-MBD)
Bedrock Capital Corp.
96-08 101st Avenue, Ozone Park, NY 11416 2520

June 25, 2008 (BR-MBD)
Channel Mortgage LLC
55-25 69th Street, 1st Floor, Maspeth, NY 11378


Applicants 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.

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