Skip to Content

NY.gov Portal State Agency Listing

Translate | Disclaimer

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
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

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:

  1. 1003 West Patrick Street, Frederick, Frederick County, MD 21702;
  2. 11180 Lee Highway, Fairfax, VA 22030;
  3. 12150 Monument Drive (Suite 100), Fairfax, Fairfax County, VA 22033;
  4. 362 Elden Street, Herndon, Fairfax County, VA 20170; and
  5. 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.