Weekly Bulletin
November 20, 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 |
FB = Foreign Branch |
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
September 17, 2009 (SF-LFS)
CAR FINANCIAL SERVICES, INC. D/B/A ACC CONSUMER FINANCE
11020 David Taylor Drive, Suite 115, Charlotte, Mecklenburg County, NC 28262
Notification received for a change of name to Car Financial Services, Inc. without the assumed name of ACC Consumer Finance, as a sales finance company.
November 16, 2009 (CU-CRB)
WINGS FINANCIAL
14985 Glazier Avenue, Suite 100, Apple Valley, MN, 55124
Application dated October 28, 2009 for permission to maintain a station at the United Airlines Cargo Building 22A, JFK International Airport, Jamaica New York, 11430, received.
November 17, 2009 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203
Notice of intention to establish an electronic facility (automated teller machine) at 12150 Monument Drive, Fairfax, Fairfax County, VA 22033, received.
The comment period for this item will expire on November 30, 2009.
November 18, 2009 (SB-CRB)
PIONEER SAVINGS BANK
21 Second Street, Troy, NY 12180
Application dated November 17, 2009 for permission to open and occupy a branch office at 184 Delaware Avenue, Delmar, Town of Bethlehem, Albany County, NY 12054, received.
The comment period for this item will expire on November 30, 2009.
Application to engage in the business of a Mortgage Broker under Article 12-D of the New York State Banking Law received for examination:
November 17, 2009 (BR-MBD)
Applicant(s)
Qimat Rai Goyal
As: Q.P. Mortgage Center, Inc.
1725 Central Park Avenue, Yonkers, NY 10710 4901
November 18, 2009 (BR-MBD)
Applicant(s)
Glenn Douglas Belt
William Michael Zgorski
As: cashnowrefi in lieu of true name In Lieu of True Name Meridian Home Mortgage Corporation
1363 North Main Street, Hampstead, MD 21074
Application received pursuant to Section 590(5-a) of the New York State Banking Law to act as an FHA Mortgage Loan Correspondent:
November 13, 2009 (BR-MBD)
Academy Mortgage Corp.
105 Conklin Street, Farmingdale, NY 11735 2505
Article 12-E Applications received after July 11, 2009. Each individual listed may not engage in mortgage loan origination activities until notified in writing that he or she may do so. In addition, all such individuals must be licensed by the dates set forth in Article 12-E (as in effect on July 11, 2009). They must also complete all required education, testing and bonding requirements by the dates set forth in regulations being drafted by the Superintendent pursuant to the authority of Article 12-E.
July 17 2009 |
Lee Charles Pettid |
New York |
NY |
July 17 2009 |
Roy Nazinitsky |
Long Beach |
NY |
July 27 2009 |
Joseph Nicholas Vultaggio |
East Northport |
NY |
July 27 2009 |
Reed Kunz Montgomery |
Louisville |
KY |
July 28 2009 |
Azahar Haque |
Queens Village |
NY |
August 07 2009 |
Anthony F Formica |
West Islip |
NY |
August 19 2009 |
Sharon Gail Silvey |
Port Orange |
FL |
August 20 2009 |
Tamira Ivette Rodriguez |
Eustis |
FL |
August 26 2009 |
Raffay Abid |
East North Port |
NY |
September 09 2009 |
Lawrence Julius Solomon |
Poughkeepsie |
NY |
September 16 2009 |
Roger Lee Peabody |
Schenectady |
NY |
September 25 2009 |
Matthew Boyd Fugal |
Pleasant Grove |
UT |
September 28 2009 |
Maria Palumbo |
Bellmore |
NY |
October 01 2009 |
Josephine Gener Dizon |
Bellerose |
NY |
October 02 2009 |
Sol Cherwin |
Melville |
NY |
October 06 2009 |
Stephanie Talebli |
Beverly Hills |
CA |
October 08 2009 |
Danielle Marie Pettit |
Whitney Point |
NY |
October 09 2009 |
Christian Weigand |
Westfield |
NJ |
October 09 2009 |
Gloria I Farrell |
Elmont |
NY |
October 12 2009 |
Michael Asoulin |
New Haven |
CT |
October 12 2009 |
Thomas Ross Hengen |
Bay Shore |
NY |
October 12 2009 |
Steven Jerome Mask |
Lake Forest |
CA |
October 12 2009 |
Reynilda De La Cruz |
Dix Hills |
NY |
October 13 2009 |
Benjamin B Richardson |
Tully |
NY |
October 13 2009 |
Edward Thompson O'Brien |
Ormond Beach |
FL |
October 13 2009 |
Frank Joseph Cifuni |
Congers |
NY |
October 14 2009 |
Victor Hugo Mairena Jr |
Yonkers |
NY |
October 14 2009 |
Asa Berger |
Chalfont |
PA |
October 14 2009 |
Julian Ortiz |
Forest Hills |
NY |
October 14 2009 |
Kaiko Chan |
Elmhurst |
NY |
October 14 2009 |
Anthony Charles Dellitalia |
Franklin Square |
NY |
October 14 2009 |
James Guardino |
Chestnut Ridge |
NY |
October 15 2009 |
Michael Lewis Dasaro |
Garden City |
NY |
October 15 2009 |
Michael Scott Lippiner |
Long Beach |
NY |
October 15 2009 |
Pasqualino Staffa |
Far Rockaway |
NY |
October 15 2009 |
Jason Andrew Valencia |
San Diego |
CA |
October 15 2009 |
Allen Robert Trippodo |
Rochester |
NY |
October 15 2009 |
Abigail Ladlie |
Columbia |
MO |
October 16 2009 |
Eric Patrick Gasper |
Manhasset Hills |
NY |
October 16 2009 |
Alan Joseph Strozza |
Harrison |
NY |
October 18 2009 |
Jennifer S. Parks |
New City |
NY |
October 16 2009 |
David A Toledo |
Baldwin Place |
NY |
October 16 2009 |
Paul Sinno |
Bronxville |
NY |
October 16 2009 |
Lisa R Monpere-Cruz |
Amherst |
NY |
October 16 2009 |
Jorge Luis Morales |
La Habra |
CA |
October 16 2009 |
Adam Quentin Baron |
Aliso Viejo |
CA |
October 16 2009 |
Garrett Norman Dwyer |
Aliso Viejo |
CA |
October 16 2009 |
Robert Arthur Ott |
Rancho Santa Margarita |
CA |
October 16 2009 |
Jarrad William Smith |
Ladera Ranch |
CA |
October 16 2009 |
Michael Timothy Valdez |
Orange |
CA |
October 16 2009 |
Carrie Giammarino |
Marlboro |
NJ |
October 17 2009 |
Muniram Boodram |
N. Woodmer |
NY |
October 19 2009 |
Michael Frankl |
Islandia |
NY |
October 19 2009 |
Eric S Dobrin |
Westbury |
NY |
SECTION II
September 25, 2009 (LL-LFS)
CHRYSLER FINANCIAL SERVICES AMERICAS LLC U/A/N CHRYSLER FINANCIAL
1011 Warrenville Road, Lisle, IL 60532
License to engage in business as a licensed lender was surrendered.
November 12, 2009 (MS-CRB)
CHINATRUST BANK (U.S.A.)
22939 Hawthorne Boulevard, Torrance, CA 90505
As provided in Section 28-c of the Banking Law, the Superintendent of Banks has found that the proposed closing of branch office at 83-09 Broadway, Elmhurst, Borough of Queens, City of New York 11373 will not result in a significant reduction of banking services in the community to be affected.
November 12, 2009 (CU-CRB)
EMPIRE STATE CREDIT UNION
385 West Route 59, Spring Valley, NY 10977
Application pursuant to Article XI Section 461.1 to change the location of the credit union’s principal office to 45 Kennedy Drive, Spring Valley, NY 10977 from 385 West Route 59, Spring Valley, NY 10977 approved.
November 13, 2009 (TR-CRB)
SOLVAY BANK
1537 Milton Avenue, Solvay, NY 13209
Authorization issued to open and occupy a branch office at 7897 Brewerton Road, Town of Cicero, Onondaga County, NY 13039, on or after November 14, 2009.
November 13, 2009 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203
Authorizations granting permission to open and occupy branch offices at the following five locations, surrendered for cancellation:
- 1003 West Patrick Street, Frederick, Frederick County, MD 21702;
- 11180 Lee Highway, Fairfax, VA 22030;
- 12150 Monument Drive (Suite 100), Fairfax, Fairfax County, VA 22033;
- 362 Elden Street, Herndon, Fairfax County, VA 20170; and
- 13542 Minnieville Road, Woodbridge, Prince William County, VA 22192.
Offices discontinued as of November 6, 2009.
November 15, 2009 (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.
November 19, 2009 (CC-LFS)
KEYSTONE EXPRESS, INC.
159-15 Northern Blvd., Suite 104, Flushing, NY 11358
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.
November 19, 2009 (CC-LFS)
JAY PAYROLL SERVICES, INC.
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 State Banking Law, extended. The temporary license is good for 30 days only, unless otherwise extended by the Superintendent of Banks.
Application approved pursuant to Section 590(5-a) of the New York State Banking Law to act as an FHA Mortgage Loan Correspondent:
November 13, 2009 (BR-MBD)
Arlington Financial Corporation
35 East Grassy Sprain Road, Ste. 300, Yonkers, NY 10710 4620
Application to engage in the business of a Mortgage Banker under Article 12-D of the New York State Banking Law withdrawn:
November 13, 2009 (MB-MBD)
United Fidelity Funding Corp.
4770 North Belleview, Suite 210, Kansas City, MO 64116 2190
Certificate to engage in the business of a Mortgage Broker surrendered:
November 13, 2009 (BR-MBD)
Mortgage Express, LLC D/B/A EMA
132 Old River Road, Suite 101, Lincoln, RI 02865
Effective Date: November 02, 2009
November 13, 2009 (BR-MBD)
Spartan Funding, Inc.
84 Business Park Drive, Suite 113, Armonk, NY 10504
Effective Date: October 30, 2009
November 13, 2009 (BR-MBD)
iMortgage USA, Inc.
136-18 39th Avenue, Suite 1003, Flushing, NY 11354 5577
Effective Date: October 27, 2009
November 18, 2009 (BR-MBD)
Middle B. Enterprises, Inc.
111 Great Neck Road, Suite 306, Great Neck, NY 11021
Effective Date: November 10, 2009
License to engage in the business of a Mortgage Banker surrendered:
November 16, 2009 (MB-MBD)
First Alternative Mortgage Corp.
145 Huguenot Street, New Rochelle, NY 10801 5200
Effective Date: November 12, 2009
November 18, 2009 (MB-MBD)
Central Mortgage Bancorp, Inc. D/B/A Central Mortgage Bancorp.
75-35 31st Avenue, Suite 201, Jackson Heights, NY 11370
Effective Date: November 09, 2009
Certificate to engage in the business of a Mortgage Broker Branch surrendered:
November 18, 2009 (BR-MBD)
Full Service Branch
The Money Depot, Inc.
4908 New Utrecht Avenue, Brooklyn, NY 11219
Effective Date: November 16, 2009
November 18, 2009 (BR-MBD)
Full Service Branch
Clear Funding Corp.
109 Croton Avenue, Ossining, NY 10562
Effective Date: November 16, 2009
License to engage in the business of a Mortgage Banker Branch surrendered:
November 16, 2009 (MB-MBD)
Full Service Branch
American Capital Mortgage Bankers, Ltd.
2300 Hylan Blvd, Staten Island, NY 10306
Effective Date: November 16, 2009
The following Mortgage Broker is suspended effective November 16, 2009 for a period of 30 days for failure to maintain a corporate surety bond pursuant to Section 410.14 of Part 410 of the Superintendent's Regulations.
November 17, 2009 (BR-MBD)
REM Mortgage Corporation
2171 Jericho Turnpike, Lower Level 4, Commack, NY 11725
The following have been reinstated to the role of registered mortgage brokers. New mortgage brokerage residential property business may now be resumed:
November 12, 2009 (BR-MBD)
Cornerstone Capital Mortgage & Real Estate Services Inc.
636 Kings Highway, 2nd Floor, Fairfield, CT 06825 4815
November 16, 2009 (BR-MBD)
Kenneth Wang D/B/A Upland Financial Equities
39-15 Main Street, Suite 301, Flushing, NY 11354
November 17, 2009 (BR-MBD)
Pacific Western Financial Corp.
7 Smith Street, Suite 1, Merrick, NY 11566
November 17, 2009 (BR-MBD)
Advent Funding Company Inc.
2090 Adam Clayton Powell Jr. Blvd., Suite 602, New York, NY 10027 4990
November 18, 2009 (BR-MBD)
Levi Galbraith DBA County Crest Mortgage
1 Hillel Place, 2nd floor, Brooklyn, NY 11210
Branch Offices:
300 Hempstead Turnpike, 2nd floor, West Hempstead, NY 11552
4313 Church Avenue, Brooklyn, NY 11203
Application to assume inactive status as a registered mortgage broker pursuant to Article 12-D of the Banking Law approved:
November 18, 2009 (BR-MBD)
Clear Funding Corp.
2027 Williamsbridge Road, Bronx, NY 10461 1630
Effective Date: November 18, 2009
November 18, 2009 (BR-MBD)
Main Source Funding Corp.
3102 Miles Avenue, Bronx, NY 10465 3608
Effective Date: November 18, 2009
Mortgage Broker Certificate Address Changes:
November 18, 2009 (BR-MBD)
Circle Mortgage Corporation
From: 5 Waller Avenue, Suite 303, White Plains, NY 10601
To: 500 Mamaroneck Avenue, Suite 320, Harrison, NY 10528 1600
Mortgage Banker Branch License Address Changes:
November 16, 2009 (MB-MBD)
United Northern Mortgage Bankers Limited
From: 201 South Wellwood Avenue, Lindenhurst, NY 11757
To: 1975 Hempstead Turnpike, Suite 405, East Meadow, NY 11554
The following Licensed Mortgage Banker has entered into a Settlement Agreement with the Banking Department, in lieu of a hearing for fine/or revocation of its mortgage banker license, to settle violations of Section 592 of the New York Banking Law and Section 410.1(b)(2) of Part 410 of the Superintendent's Regulations for failure to demonstrate the existence of a line of credit in an amount of not less than $1,000,000 provided by an unaffiliated banking institution, insurance company, or similar credit facility approved by the Superintendent. The Settlement Agreement terms and conditions include a fine of $3,000.
November 13, 2009
Resource One, Inc.
30 Jericho Executive Plaza, Suite #400E, Jericho, NY 11753
Date of Settlement Agreement: November 3, 2009
The following Registered Mortgage Broker has entered into a Settlement Agreement with the Banking Department, in lieu of a hearing for fine and/or revocation of it's mortgage broker's registration, to settle violations of Part 38.2 of the General Regulations of the Banking Board for failure to include the legend "Registered Mortgage Broker- NYS Banking Department" in its advertisement, for failure to indicate in print or electronic media the name of the entity and street address, for failure to indicate that the entity arranges mortgage loans with third-party providers and for failure to state the conditions or charges incident to a mortgage loan. The Settlement Agreement terms and conditions include a fine of $5,000.
November 17, 2009
Ambassador Funding LLC
300 Saddle River Road, Airmont, NY 10952
Date of Settlement Agreement: November 4, 2009
The following Registered Mortgage Broker has entered into a Settlement Agreement with the Banking Department, in lieu of a hearing for fine and/or revocation of it's mortgage broker's registration, to settle violations of Part 38.2(e) of the General Regulations of the Banking Board which provides in general that no mortgage broker shall fraudulently or deceitfully advertise a mortgage loan or misrepresent the terms, conditions or charges incident to a mortgage loan in any advertisement therefore. The Settlement Agreement terms and conditions include a fine of $5,000.
November 17, 2009
Win Financial Corp.
1750 Howe Avenue, Suite 600, Sacramento, CA 95825
Date of Settlement Agreement: November 4, 2009
The following Licensed Mortgage Banker has entered into a Settlement Agreement with the Banking Department, in lieu of a hearing for fine and/or revocation of it's mortgage banker's license, to settle violations of Part 38.2(e) of the General Regulations of the Banking Board which provides in general that no mortgage banker shall fraudulently or deceitfully advertise a mortgage loan or misrepresent the terms, conditions or charges incident to a mortgage loan in any advertisement therefore. The Settlement Agreement terms and conditions include a fine of $6,000.
November 17, 2009
Intercontinental Capital Group, Inc.
55 East 59th Street, 4th Floor, New York, NY 10022
Date of Settlement Agreement: November 4, 2009
The following Registered Mortgage Broker has entered into a Settlement Agreement with the Banking Department, in lieu of a hearing for fine and/or revocation of it's mortgage broker's registration, to settle violation of Section 594-b(1) of the New York Banking Law for failure to obtain the prior approval of the Superintendent for any action that will result in a change of control of the business of the registrant. The Settlement Agreement terms and conditions include a fine of $2,500.
November 18, 2009 (BR-MBD)
Newlife Financial Company, Inc.
162-23 Depot Road, 2nd Floor, Flushing, NY 11358
Date of Settlement Agreement: November 13, 2009
Article 12-E Applications filed prior to July 11, 2009 and deemed complete by the Superintendent. 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. In addition, all such individuals must be licensed by the dates set forth in Article 12-E (as in effect on July 11, 2009). They must also complete all required education, testing and bonding requirements by the dates set forth in regulations being drafted by the Superintendent pursuant to the authority of Article 12-E.
June 26 2008 |
Lou Sinapi |
Hopewell Junction |
NY |
June 26 2008 |
Salvatore John Criscuolo |
Staten Island |
NY |
July 30 2008 |
Brett Vannostrand |
Holbrook |
NY |
December 29 2008 |
Randall Valentin Thomas |
Woodmere |
NY |
March 23 2009 |
David Homayoonfar |
Great Neck |
NY |
June 13 2009 |
Connie Ortiz |
New Rochelle |
NY |
July 07 2009 |
Kyle Joseph Mueller |
Smithtown |
NY |
July 09 2009 |
Chelsea Lynn Humphrey |
Gansevoort |
NY |
Applications for authorization as a Mortgage Loan Originator under Article 12-E of the New York Banking Law, WITHDRAWN. The individuals listed may not engage in mortgage loan origination activity in New York State or on New York State residential property:
November 18, 2009 |
Charles Damon Beal |
Louisville |
KY |
November 19, 2009 |
Nancy Vasquez |
Fort Pierce |
FL |
November 19, 2009 |
Robert Regan |
Staten Island |
NY |
November 19, 2009 |
Nicholas John Saccone |
Niskayuna |
NY |
November 19, 2009 |
Jeffrey Guarino |
New York |
NY |
November 19, 2009 |
Darryl Louis Stroup |
Pearl River |
NY |
November 19, 2009 |
Fernando Javier Monasterio |
Huntington |
NY |
November 19, 2009 |
Todd Adam Matarazzo |
East Norwich |
NY |
November 19, 2009 |
Gerry Lamar Copeland |
Jacksonville |
FL |
November 19, 2009 |
Rocco Paul Pallatto |
Baldwin |
NY |
November 19, 2009 |
Mervin Luke Osborne |
Louisville |
KY |
November 19, 2009 |
Thomas Aquinas Morgan |
Narragansett |
RI |
November 19, 2009 |
Kaileesha Ashton Randolph |
Louisville |
KY |
November 19, 2009 |
Kim Allison Lobasso |
East Brunswick |
NJ |
November 19, 2009 |
Jonathan Scott Cohen |
New York |
NY |
November 19, 2009 |
Elias Esgdaille |
New Milford |
CT |
November 19, 2009 |
Jean Cacioppo |
Westbury |
NY |
November 19, 2009 |
Eduard B Isakov |
Brooklyn |
NY |
November 19, 2009 |
Chrystal Marie Chartier |
Fairdale |
KY |
November 19, 2009 |
Isaac Steven Llanos |
Fairfield |
CT |
November 19, 2009 |
Cory Lewkowitz |
Massapequa |
NY |
November 19, 2009 |
Roberta May Nabinger |
Nineveh |
NY |
November 19, 2009 |
Theodore Vuolo |
Old Bridge |
NJ |
November 19, 2009 |
Robert Hilsby |
Wantgah |
NY |
November 19, 2009 |
Phuong Dinh Dao |
Garden Grove |
CA |
November 19, 2009 |
Thomas Michael Wallentin |
Warwick |
RI |
November 19, 2009 |
Brandon Jerrett Allen |
Nashville |
TN |
THERE ARE NO SECTION III ITEMS THIS WEEK.
