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New York State Department of Financial Services

Weekly Bulletin
August 14, 2009

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. This Weekly Bulletin may also be viewed online at the Banking Department’s Web site at:  http://www.banking.state.ny.us

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

August 10, 2009 (CC-LFS)
AMITYVILLE PAYROLL SERVICE, INC.
575 Broadway, Amityville, NY 11701

An application was received to relocate a limited station casher of checks at Structural Industries, Inc. to 2950 Veterans Memorial Highway, Suite 4, Bohemia, NY 11716 from 96 New South Road, Hicksville, NY 11801. 

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.


August 12, 2009 (CC-LFS)
CASTLEWAY FINANCIAL, INC.
380 Connecticut Street, Buffalo, NY 14213

An application for a license to engage in business as a licensed casher of checks 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.


August 12, 2009 (SB-CRB)
THE NORTH COUNTRY SAVINGS BANK
127 Main Street, Canton, NY 13617

Notice of intention to establish an electronic facility (automated teller machine) at Carson Hall, SUNY Potsdam, 44 Pierrepont Avenue, Potsdam, St. Lawrence County, NY 13676, received.

The comment period on this item will expire on August 24, 2009.


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

August 10, 2009 (BR-MBD)
Full Service Branch
MNET Mortgage In Lieu of True Name Mortgage Network, Inc.
US Route 6, C21 Jackson Realty Building, Wysox, PA 18854


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

August 11, 2009 (MB-MBD)
Full Service Branch
Devere Mortgage Corporation D/B/A Hunt Mortgage
6849 East Genessee Street, Fayetteville, NY 13066

August 11, 2009 (MB-MBD)
Full Service Branch
The Money Source Inc.
340 Veterans Memorial Highway, Suite #8, Commack, NY 11725

August 11, 2009 (MB-MBD)
Full Service Branch
Mortgage Master, Inc.
7 P.T. Barnum Square, Bethel, CT 06801


SECTION II

August 6, 2009 (FR-FWB)
BANQUE TRANSATLANTIQUE
26 Avenue Franklin Roosevelt, Paris, France


August 7, 2009 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Authorization issued to open and occupy a branch office at 1351 Blair Drive, Odenton, Anne Arundel County, Maryland 21113, on or after August 8, 2009.


August 7, 2009 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

Authorizations issued to open and occupy branch offices for the limited purpose of opening accounts at the following ten locations, on or after August 8, 2009:

  1. Daemen College, 4380 Main Street, Town of Amherst, Erie County, NY 14226;
  2. State University of New York at Fredonia, 280 Central Avenue, Fredonia, Chautauqua County, NY 14063;
  3. State University of New York College at Buffalo, 1300 Elmwood Avenue, Buffalo, Erie County, NY 14222;
  4. Hilbert College, 5200 South Park Avenue, Town of Hamburg, Erie County, NY 14075;
  5. Nazareth College, 4245 East Avenue, Town of Pittsford, Monroe County, NY 14618;
  6. Susquehanna University, 514 University Avenue, Selinsgrove, Snyder County, PA 17870;
  7. Lock Haven University, 401 North Fairview Street, Lock Haven, Clinton County, PA 17745;
  8. Bucknell University, 701 Moore Avenue, Lewisburg, Union County, PA 17837;
  9. Pennsylvania College of Technology, One College Avenue, Williamsport, Lycoming County, PA 17701; and
  10. Lycoming College, 700 College Place, Williamsport, Lycoming County, PA 17701.

(These branches are to be in operation periodically at the above locations.)


August 9, 2009 (CC-LFS)
ARMAT, LTD
203 West 28th Street, New York, NY 10001

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


August 9, 2009 (CC-LFS)
BUSH CAPITAL, LLC
889 4th Avenue, Brooklyn, NY 11232

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


August 9, 2009 (CC-LFS)
CONEY ISLAND PAYROLL SERVICES INC.
1122 Coney Island Avenue, Brooklyn, NY 11230

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


August 9, 2009 (CC-LFS)
MD CORPORATE SERVICES, INC.
470 Seventh Avenue, Suite 406, New York, NY 10018

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


August 9, 2009 (CC-LFS)
UNITED FACTORING, LLC
2972 Nostrand Avenue, Brooklyn, NY 11229

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


August 9, 2009 (CC-LFS)
V&R PAYROLL FACTORS, INC.
369 West 35th Street, New York, NY 10001

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


August 9, 2009 (CC-LFS)
CITY SERVICES, INC.
245 West 29th Street, New York, NY 10001

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


August 10, 2009 (CC-LFS)
AMITYVILLE PAYROLL SERVICE, INC.
575 Broadway, Amityville, NY 11701    

A license was issued to change the location of doing business as a licensed casher of checks to 575 Broadway, Amityville, NY 11701 from 573 North Broadway, Amityville, NY 11701.      

In connection with the above license issuance, the original check casher license at 573 North Broadway, Amityville, NY 11701 was surrendered.


August 10, 2009 (CC-LFS)
NEW YORK CITY CREDIT & FUNDING, INC.
80-11 164th Street, Jamaica, NY 11432

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


August 10, 2009 (TR-CRB)
THE BANK OF CASTILE
50 North Main Street, Castile, NY 14427

Approval given to change the location of branch office from 2727 Genesee Street, Retsof, Town of York, Livingston County, New York 14539 to 3768 Main Street, Retsof, Town of York, Livingston County, New York 14539, on or after August 11, 2009.


August 12, 2009 (BK-FWB)
SHINHAN BANK AMERICA
330 Fifth Avenue, New York, NY 10001

A “Certificate of Amendment of the Organization Certificate of Shinhan Bank America under Section 8005 of the Banking Law”, was approved and filed in the Office of the Superintendent of Banks. 

The amendment provides for an increase in the amount of capital stock from $42,999,985 consisting of 1,228,571 shares with a par value of $35.00 each, to $62,999,965 consisting of 1,799,999 shares with the same par value.


August 12, 2009 (SF-LFS)
HYUNDAI CAPITAL AMERICA, INC. u/a/n HYUNDAI MOTOR FINANCE AND KIA MOTORS FINANCE AND KIA MOTORS FINANCE COMPANY
3161 Michelson Drive, Suite 1900, Irvine, CA  92612

Licenses issued to reflect a change of name from Hyundai Motor Finance Company u/a/n Kia Motors Finance Company.

In connection with the above, the sales finance company licenses in the name of Hyundai Motor Finance Company u/a/n Kia Motors Finance Company were surrendered.


August 12, 2009 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Authorization issued to open and occupy a branch office at 4915 Executive Park Drive, Columbia, Howard County, Maryland 21054, on or after August 13, 2009.


August 12, 2009 (TR-CRB)
CAPITAL BANK & TRUST COMPANY
1375 Washington Avenue, Albany, NY 12206

Authorization issued to open and occupy a branch office at 1365 New Scotland Road, Slingerlands, Town of Bethlehem, Albany County, New York 12159, on or after August 13, 2009.


August 13, 2009 (FA-FWB)
BANCO LATINOAMERICANO DE EXPORTACIONES, S.A.

Calle 50 y Aquilino de la Guardia, Apartado 0819-08730, Panama, Republica de Panama

Application, pursuant to Section 203.2 of the Banking Law, to change the name of its New York Agency, located at 600 Lexington Avenue, 12th Floor, New York NY 10022 from Banco Latinoamericano de Exportaciones, S.A. to Banco Latinoamericano de Comercio Exterior, S.A., approved.


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

August 11, 2009 (BR-MBD)
TFS Mortgage Corporation, Inc.
437 Newman Springs Road, Lincroft, NJ 07738 1328


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

August 10, 2009 (BR-MBD)
Full Service Branch
Jacob Dean Mortgage, Inc.
111 West Bay Plaza, Plattsburgh, NY 12901


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

August 10, 2009 (MB-MBD)
Full Service Branch
GFI Mortgage Bankers, Inc.
95-20 63rd Road, Suite D, Rego Park, NY 11374


August 06, 2009 (BR-MBD)
CapitalSource Mortgage Corp.
20 East 46 Street, Suite 200, 2nd Floor, New York, NY 10017 9287


Certificate to engage in business of a Mortgage Broker surrendered:

August 07, 2009 (BR-MBD)
Po W. Yuen Realty & Management Corp.
132 Nassau Street, Suite 1300, New York, NY 10038
Effective Date: July 31, 2009

August 07, 2009 (BR-MBD)
Fang Cheng Chan
U Mortgage
37-19 Main Street # 2-B, Flushing, NY 11354 4106
Effective Date: August 05, 2009

August 07, 2009 (BR-MBD)
Basik Funding Inc.
10 Main Street, Keyport, NJ 07735 1254
Effective Date: August 03, 2009

August 07, 2009 (BR-MBD)
Optimum Home Funding Inc.
112-08 Jamaica Avenue, Jamaica, NY 11418
Effective Date: August 05, 2009

August 07, 2009 (BR-MBD)
C.C.M. of WNY, Inc. D/B/A Creekside Funding
2901 Bowen Road, Suite 200, Elma, NY 14059 0377
Effective Date: August 04, 2009

August 07, 2009 (BR-MBD)
ILDACO Inc.
14 Tower Place, Roslyn, NY 11576
Effective Date: August 05, 2009


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

August 07, 2009 (BR-MBD)
Full Service Branch
Basik Funding Inc.
9 Perlman Drive, 2nd Floor, Spring Valley, NY 10977
Effective Date: August 03, 2009

August 07, 2009 (BR-MBD)
Full Service Branch
Fang Cheng Chan
U Mortgage
37-07 Main Street, #208, Flushing, NY 11354
Effective Date: August 05, 2009


The following Mortgage Banker is suspended effective August 4, 2009 for failure to maintain a Line of Credit pursuant to Section 410.1(b)(2) of Part 410 of the Superintendent’s Regulations.

August 6, 2009
Resource One, Inc.
30 Jericho Executive Plaza, Suite #400E, Jericho, NY  11753


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

August 11, 2009 (BR-MBD)
Barry S. Liebman DBA New York Empire Mortgage
878 4th Avenue, Brooklyn, NY 11232

August 11, 2009 (BR-MBD)
New Apple Funding Corp.
97-49 102nd Street, 1st Floor, Ozone Park, NY 11416 2619

August 11, 2009 (BR-MBD)
A & F Capital, Inc.
112-04 Springfield Boulevard, Queens Village, NY 11429 2650

August 11, 2009 (BR-MBD)
Joseph DeVito D/B/A Straight Talk Financial
10 Moffatt Lane, 2nd Floor, Chester, NY 10918 1014

August 11, 2009 (BR-MBD)
Rozanna F. Beaumont
115 Arthur Avenue, Floral Park, NY 11001

August 11, 2009 (BR-MBD)
New England Mortgage Group Incorporated
35 Franklin Street, Westport, CT 06880

August 11, 2009 (BR-MBD)
Calridge Realty LLC DBA A&A Funding
19 Columbus Circle, Eastchester, NY 10709 1535
Branch Offices:
314 East 89th Street, New York, NY 10128

August 11, 2009 (BR-MBD)
Montvale Mortgage, LLC
2 University Plaza, Suite 505, Hackensack, NJ 07601

August 11, 2009 (BR-MBD)
The Mortgage Office Corp.
621 Ann Street, Stroudsburg, PA 18360 2014

August 11, 2009 (BR-MBD)
DMN Mortgage Corp.
872 Middle Country Road, St. James, NY 11780 3223


Mortgage Broker Certificate Address Changes:

August 07, 2009 (BR-MBD)
AOK Funding, Inc.
From: 2060 Eastern Parkway, Suite 1, Brooklyn, NY 11207
To: 1723 East 12th Street, 4th Floor, Brooklyn, NY 11229 1069


THERE ARE NO SECTION III ITEMS THIS WEEK.


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