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New York State Department of Financial Services

Weekly Bulletin
November 27, 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

November 23, 2009 (SF-LFS)
FERRARI FINANCIAL SERVICES, INC.
270 Sylvan Avenue, Englewood Cliffs, NJ, Bergen County, 07632

Notification received for a change of location to 250 Sylvan Avenue, Englewood Cliffs, NJ, Bergen County, 07632.


November 23, 2009(PF-LFS)
PREMIUM FINANCING SPECIALISTS, INC.
427 West 12th Street, Suite 100, Kansas City, MO 64105

An application received to change a branch office location of premium finance agency from 605 East Holland Avenue, Suite 210, Spokane, WA 99218 to 201 West North River Drive, Suite 301, Spokane, WA 99201.

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


November 24, 2009 (CC-LFS)
BAYCHESTER PAYMENT CENTER, LLC
1209 East 233rd Street, Bronx, NY 10466-3344

An application for a limited station casher of checks at Muss Development, LLC, 40-22 College Point Blvd., Flushing, NY 11354 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.


November 25, 2009 (SF-LFS)
QATAR HOLDINGS GERMANY GMBH
GerinusstraBe 17, 60322, Frankfurt/Main Germany

Application received for prior approval of the Superintendent of Banks for a change of control of two sales finance companies Porsche Financial Services, Inc. and Porsche Funding Limited Partnership.  Both are located at 4343 Commerce Court, Lisle, IL 60532.

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.


November 25, 2009 (SF-LFS)
QATAR HOLDINGS GERMANY GMBH
GerinusstraBe 17, 60322, Frankfurt/Main Germany

Application received for prior approval of the Superintendent of Banks for a change of control of the sales finance company VW Credit, Inc. located at 1401 Franklin Boulevard, Libertyville, IL 60048.

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.


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 25, 2009 (BR-MBD)
Applicant(s)
Craig Austen Hecht
As: WMN Services Incorporated
127 Route 25A, Suite H, Rocky Point, NY 11778


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

November 23, 2009 (MB-MBD)
Full Service Branch
US Mortgage Corporation DBA Mortgage Concepts
792 Carman Avenue, Westbury, NY 11590

November 23, 2009 (MB-MBD)
Full Service Branch
Oxford Lending Group LLC D/B/A Oxford of New York
17200 Perimeter Drive, Suite 201, Scottsdale, AZ 85255

November 23, 2009 (MB-MBD)
Full Service Branch
Residential Home Funding Corp. D/B/A RHF Wholesale
102-43 Jamaica Avenue, Richmond Hill, NY 11418

November 23, 2009 (MB-MBD)
Full Service Branch
Freedom Mortgage Corporation d/b/a Jefferson Home Mortgage and Loan
1000 Franklin Avenue, Suite 303, Garden City, NY 11530


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:

November 19, 2009 (BR-MBD)
Applicant(s)
Constantine Paul Vases
Marios L. Eracleous
To acquire interest in:
Royal Financing & Consulting Corp.
23-09 31st Street, Suite #1, Astoria, NY 11105

November 24, 2009 (MB-MBD)
Applicant(s)
Harris Scott Focer
Gary Alan Horn
James F. Agoglia
To acquire interest in:
Quik Fund, Inc.
100 Merrick Road, Suite 227W, Rockville Centre, NY 11570 4800


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 28 2008

Pablo  Armando  Lesma 

Staten Island

NY

August 03 2009

Leonardo David  Quinones

Glen Cove

NY

August 04 2009

Alexander    Sommer  Jr

Schenectady

NY

August 07 2009

Hunt    Gersin

W. Bloomfield

MI

August 10 2009

Daniel  Alphonse  Ryan

Colchester

VT

August 13 2009

Daniel  Francis  Bodt

North Babylon

NY

August 27 2009

Charles  Francis  Bryson 

Clifton Park

NY

August 29 2009

Eric  A  Buhler

Setauket

NY

August 31 2009

Maximillian  W.  Crisp

Nanuet

NY

September 01 2009

Isaac    Rochlitz

Brooklyn

NY

September 03 2009

Arturo    Varela

Corona Del Mar

CA

September 04 2009

Bryan  Scot  Stone

Destin

FL

September 08 2009

James  C  Maloney

Northport

NY

September 09 2009

James  Edward  Smalley  II

Clifton Park

NY

September 12 2009

Ralph    Ranieri

Northport

NY

September 16 2009

Jan    Rogowski

Jackson Heights

NY

September 17 2009

Edwin    Garcia

Bronx

NY

September 17 2009

Lorna  Clavel  Curtin

Coram

NY

September 18 2009

Peter  Leonard  Bifarella

Attica

NY

September 21 2009

Brenda    Geer

Middletown

NY

September 21 2009

Yitzchok    Kamenetsky

Lakewood

NJ

September 24 2009

William  James  Peterson  III

Bel Air

MD

September 30 2009

Joseph  John  Campanella

Glen Spey

NY

October   01 2009

Khelawan    Persaud

Woodhaven

NY

October   06 2009

Louis  Nicholas  Curci

Marlboro

NY

October   13 2009

Karen    Casanova

North Babylon

NY

October   13 2009

Francisco    Veras

Merrick

NY

October   14 2009

Paul  F.  Loewe

Medford

NY

October   19 2009

Marc  Robert  Greenstein

Rocky Point

NY

October   19 2009

Philip  E  Torango

Poughkeepsie

NY

October   20 2009

Pablo  Alberto  Cruz

Amherst

NY

October   20 2009

Tiffany  Marie  Lange

Kingston

NY

October   20 2009

Samuel Chrysostom Belu-John

Brooklyn

NY

October   20 2009

Nelson    Santana

Scarsdale

NY

October   20 2009

Nicholas  L  Piazza

Commack

NY

October   20 2009

Helen    Sheppard

Madison Twp

PA

October   20 2009

John  P  Roach

Marcy

NY

October   21 2009

Joshua  Marc  Reifer

Maspeth

NY

October   21 2009

Adam  J  Paganetti

Glen Cove

NY

October   21 2009

Bruce  C  Swarts

Ringwood

NJ

October   21 2009

Joey    Torres

Bronx

NY

October   21 2009

John  Mario  Macchiarelli

Union

NJ

October   21 2009

James  Thomas  Quinn

Ronkonkoma

NY


SECTION II

November 17, 2009 (SF-LFS)
CHRYSLER FINANCIAL SERVICES AMERICAS LLC U/A/N CHRYSLER FINANCIAL
27777 Inkster Road, Farmington Hills, Oakland County, MI 48334

License issued to reflect a change of a branch office location from One Blue Hill Plaza, Suite 1575, Pearl River, Rockland County, NY 10965 to head office at 27777 Inkster Road, Farmington Hills, Oakland County, MI 48334.

In conjunction with the above license issuance, the sales finance company license for One Blue Hill Plaza, Suite 1575, Pearl River, Rockland County, NY 10965, was surrendered.


November 19, 2009 (CC-LFS)
BRONX CHECK CASHING CORP.
143 West 72nd Street, New York, NY  10023

License to engage in business as casher of checks at 1893-95 Andrews Avenue, Bronx, NY 10453 was surrendered.


November 19, 2009 (CC-LFS)
URIBEA  REALTY  CORP.
143 West 72nd Street, New York, NY  10023

License to engage in business as casher of checks at 143 West 72nd Street, New York, NY 10023 was surrendered.


November 19, 2009 (CC-LFS)
URIBEA  REALTY CORP.
143 West 72nd Street, New York, NY  10023

Limited station license to engage in business as casher of checks at City of New York, Manhattan Municipal Building, 1 Centre Street, New York, NY 10017 was surrendered.


November 20, 2009 (MS-CRB)
STATE STREET BANK AND TRUST COMPANY
One Lincoln Street, Boston, MA 02111

Notification received, in accordance with Supervisory Policy G 8, of the establishment of a representative office to be located at 522 Fifth Avenue, Borough of Manhattan, City of New York 10036.


November 24, 2009 (TR-CRB)
BANK OF Smithtown
One East Main Street, Smithtown, NY 11787

Authorization issued to open and occupy a branch office at 2401 Jericho Turnpike, Garden City Park, Town of North Hempstead, Nassau County, NY 11040, on or after November 25, 2009.


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

November 25, 2009 (BR-MBD)
Resource One, Inc.
30 Jericho Executive Plaza, Suite 400E, Jericho, NY 11753 1081


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

November 25, 2009 (BR-MBD)
Full Service Branch
AMG Mortgage In Lieu of True Name Advisors Mortgage Group, LLC
1516 Route 138, Suite 2B, Wall, NJ 07719

November 25, 2009 (BR-MBD)
Full Service Branch
DML Mortgage Enterprises, Inc. DBA Direct Mortgage Wholesale
7 Pondfield Road, Suite 211, Bronxville, NY 10708

November 25, 2009 (BR-MBD)
Full Service Branch
Atlantic Home Capital, Corp.
1090C Loudon Road, Cohoes, NY 12047

November 25, 2009 (BR-MBD)
Full Service Branch
Albany Funding, Inc.
501 Genesee Street, Chittenango, NY 13037


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

November 25, 2009 (MB-MBD)
Full Service Branch
Vanguard Funding LLC
48-58 East Old Country Road, Mineola, NY 11501

November 25, 2009 (MB-MBD)
Full Service Branch
Luxury Mortgage Corp. D/B/A Luxurymae
2351 Hylan Boulevard, Suite 2A, Staten Island, NY 10306

November 25, 2009 (MB-MBD)
Full Service Branch
Superior Home Mortgage In Lieu of True Name Superior Mortgage Corp.
80 Route 4 East, Paramus, NJ 07652

November 25, 2009 (MB-MBD)
Full Service Branch
RFC Mortgage In Lieu of True Name Residential Finance Corporation
4010 Boyscout Boulevard, Suite 600, Tampa, FL 33607


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

November 24, 2009 (BR-MBD)
Regional Home Mortgage, LLC
1150 Raritan Road, Suite 104, Cranford, NJ 07016 3369

November 24, 2009 (BR-MBD)
Discount Home Mortgage Corp.
One Cross Island Plaza, Suite 122, Rosedale, NY 11422 1401


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

November 19, 2009 (BR-MBD)
Ralph J Berardi DBA The Mortgage Company
235 Mamaroneck Avenue, Suite 105, White Plains, NY 10605
Effective Date: November 17, 2009

November 19, 2009 (BR-MBD)
Leonie Neufville D/B/A Neufville Mortgage
2901 Bayview Avenue a/k/a 974 Atlantic Avenue, Baldwin, NY 11510
Effective Date: November 18, 2009

November 19, 2009 (BR-MBD)
Burt P. Augustensen D/B/A Burt P. Augustensen Mortgages
S-114 Farview Avenue, Paramus, NJ 07652 2700
Effective Date: November 16, 2009

November 19, 2009 (BR-MBD)
Lorna J. McAllister
910 Lincoln Place, Brooklyn, NY 11213 3333,
Effective Date: November 18, 2009

November 24, 2009 (BR-MBD)
East End Mortgage, Inc.
59 Maple Street, Suite A, Southampton, NY 11968
Effective Date: October 29, 2009


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

November 25, 2009 (MB-MBD)
Resource One, Inc.
30 Jericho Executive Plaza, Suite #400E, Jericho, NY 11753
Effective Date: November 25, 2009


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

November 24, 2009 (BR-MBD)
Full Service Branch
UBS Financial Services Inc.
12 Booth Drive, Plattsburgh, NY 12901
Effective Date: November 19, 2009

November 24, 2009 (BR-MBD)
Full Service Branch
East End Mortgage, Inc.
124 Front Street, 2nd floor, Greenport, NY 11944
Effective Date: October 29, 2009


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

November 25, 2009 (MB-MBD)
Full Service Branch
Resource One, Inc.
143-10 Rockaway Boulevard, Ozone Park, NY 11436
Effective Date: November 25, 2009

November 25, 2009 (MB-MBD)
Full Service Branch
Resource One, Inc.
132-18 Rockaway Boulevard, 1st Floor, South Ozone Park, NY 11420
Effective Date: November 25, 2009

November 25, 2009 (MB-MBD)
Full Service Branch
Resource One, Inc.
79 Water Mill Lane, Great Neck, NY 11021
Effective Date: November 25, 2009


Subsequent to a hearing conducted on September 3, 2009, the following company's Mortgage Banker License was revoked on November 13, 2009. The Superintendent found substantial evidence has been adduced that the Respondent, a mortgage banker violated the provisions of Sections 591-(4) and 597 of the Banking Law and Parts 410.8(b) and 410.9(a) of the Superintendent's Regulation for failure to maintain an active surety bond or asset deposit.  

November 25, 2009 (MB-MBD)
Fairfield Financial Mortgage Group, Inc.
62 Oak Drive, Suite 2, Syosset, New York 11791
Effective Date: November 13, 2009


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

November 25, 2009 (BR-MBD)
B & H Funding, Inc.
11 Lake Street, Suite 202, Monroe, NY 10950 3521


Mortgage Broker Certificate Address Changes:

November 24, 2009 (BR-MBD)
Cannondale Financial LLC
From: 40 Richards Avenue, 2nd Floor, Norwalk, CT 06854
To: 144 East Avenue, Suite 200, Norwalk, CT 06851 5761

November 24, 2009 (BR-MBD)
Discount Home Mortgage Corp.
From: One Cross Island Plaza, Suite 126, Rosedale, NY 11422
To: One Cross Island Plaza, Suite 122, Rosedale, NY 11422 1401


Mortgage Broker Branch Certificate Address Changes:

November 24, 2009 (BR-MBD)
Primerica Financial Services Home Mortgages, Inc.
From: 10440 Main Street, Suite 202, Clarence, NY 14031
To: 1543 Orchard Park Road, Suite 1, West Seneca, NY 14224


Mortgage Banker Branch License Address Changes:

November 24, 2009 (MB-MBD)
PHH Home Loans, LLC D/B/A Coldwell Banker Home Loans
Additional DBA(S): ERA Home Loans
Cartus Home Loans
From: 61-43 186th Street, Fresh Meadows, NY 11365
To: 50-18 Expressway Drive South, Ronkonkoma, NY 11779


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.

May 14 2009

Lawrence    Michaelessi

Irvington

NY

June 04 2009

Rudolph  Michel  Renelique

Woodmere

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  19  2009

Vincent Anthony  Addeo

Middle Village

NY

November  19  2009

Datija  David  Hot

Whitestone

NY

November  19  2009

Errol    Boreland

Milton

NY

November  19  2009

Asriel    Rabinowitz

Lakewood

NJ

November  19  2009

Nicholas    Schmidtke

Deer Park

NY

November  19  2009

John    Spina

Westbury

NY

November  19  2009

George  Peter  Sanders

Bethpage

NY

November  19  2009

Daniel    Cocuzzo

Merrick

NY

November  19  2009

Greg  Stephen  Blume

Holbrook

NY

November  19  2009

Christopher  A.  Bartlett

Glen Head

NY

November  19  2009

Alice  S  Dunlop

New Hartford

CT

November  19  2009

Sharon    Keating

Trabuco Canyon

CA

November  19  2009

Julie    Mazorowicz

Sterling Heights

MI

November  19  2009

Ryan    Ulivi

Royal Oak

MI

November  19  2009

Santo    Pirri

Malden

MA

November  19  2009

David    Trevarrow

Orion Township

MI

November  19  2009

Vincent    Coronado

Temecula

CA

November  19  2009

David    Cole  Dr

New Rochelle

NY

November  19  2009

Vincent  John  Ficarra 

Brewster

NY

November  19  2009

Dan    Bullock

Loveland

OH

November  19  2009

Joshua    Coulter

West Chester

OH

November  19  2009

Alekas    Patentas

Norwood

NJ

November  19  2009

Steven  Peter  Cardarelli

Madison

CT

November  20  2009

Henry  V.  Richards

Jamaica

NY

November  20  2009

Marvin    Belcher

Louisville

KY

November  20  2009

Karl    Peidl

Stratford

NJ

November  20  2009

Roger  Steven  Schlegel

West Babylon

NY

November  24  2009

Fang  Cheng  Chan

Flushing

NY


Approvals issued to engage in the business of mortgage loan origination under Article 12-E of the New York State Banking Law.

3420

Victoria Roach

IMPACT MORTGAGE CORP.

9483

Edward Angelino

WALL STREET MORTGAGE BANKERS LTD. DBA POWER EXPRESS


SECTION III

November 5, 2009
THE CANANDAIGUA NATIONAL BANK AND TRUST COMPANY
72 South Main Street, Canandaigua, Ny 14424,Ontario County

Application to open a new Greece Latta Long Pond Branch at 3188-3196 Latta Road, Greece, NY   14612, Monroe County.


November 10, 2009
EMPIRE NATIONAL BANK
1707 Veterans Memorial Highway, Islandia, NY 11749, Suffolk County    

Application to open a new Garden City Branch at 666 Old County Road, Suite 103, Garden City, NY   11530, Nassau County.

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