Weekly Bulletin
February 19, 2010
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
February 8, 2010 (FR-FWB)
CHINA CONSTRUCTION BANK CORPORATION
25 Finance Street, Beijing, China 10032
Notice to voluntarily surrender representative office license at 1095 Avenue of the Americas, New York, NY 10036, received.
February 16, 2010 (TM-LFS)
IPP OF AMERICA, INC.
330 Passaic Avenue, Fairfield, NJ 07004
An application for a license to engage in the business of a transmitter of money, pursuant to Article XIII-B of the Banking Law, 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.
February 16, 2010 (TR-CRB)
AMALGAMATED BANK
275 Seventh Avenue, New York, NY 10001
Application dated February 11, 2010 for permission to open and occupy a branch office at 201 South Las Vegas Boulevard, Las Vegas, Clark County, NV 89101, received.
February 16, 2010 (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 Shoppers Food & Pharmacy, 3453 Fort Meade Road, Laurel, Anne Arundel County, MD 20724, received.
February 17, 2010 (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 NOCO Express, 2500 Hamburg Turnpike, Lackawanna, Erie County, NY 14218, received.
February 17, 2010 (FB-FWB)
WESTLB AG
Dusseldorf, Germany
February 18, 2010 (SF-LFS)
HSBC AUTO ACCOUNTS INC.
26525 North Riverwoods Boulevard, Mettawa, Lake County, IL 60045
A notification to relocate a sales finance company branch office from 6602 Convoy Court, San Diego, San Diego County, California 92111 to head office at 26525 North Riverwoods Boulevard, Mettawa, Lake County, IL 60045, 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.
February 18, 2010 (SF-LFS)
HSBC AUTO FINANCE INC.
26525 North Riverwoods Boulevard, Mettawa, Lake County, IL 60045
A notification to relocate a sales finance company branch office from 6602 Convoy Court, San Diego, San Diego County, California 92111 to head office at 26525 North Riverwoods Boulevard, Mettawa, Lake County, IL 60045, 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.
Application to engage in the business of a Mortgage Broker under Article 12-D of the New York State Banking Law received for examination:
February 17, 2010 (BR-MBD)
Applicant(s)
Stan Mankovsky
Kate Rojkov
Adam Roberts
As: Stanley Capital Mortgage Company, Inc.
120 Sylvan Avenue, Englewood Cliffs, NJ 07632 2501
Application to engage in the business of a Mortgage Broker under Article 12-D of the New York State Banking Law received for examination amended to read as follows:
From:
June 10, 2009 (BR-MBD)
Applicant(s)
David Stewart Gordon
Darren Andrew Fulco
Sharon Linda Moseley
Lee Christian Holbein
Carrington Capital Management L.L.C.
Bruce Marshall Rose
As: Carrington Mortgage Services, LLC
1610 East St. Andrew Place, Suite B-150, Santa Ana, CA 92705 4931
To:
February 17, 2010 (BR-MBD)
Applicant(s)
Darren Andrew Fulco
Sharon Linda Moseley
Lee Christian Holbein
Wesley Grant Iseley
Robert Eugene Adams
Carrington Capital Management L.L.C.
Bruce Marshall Rose
As: Carrington Mortgage Services, LLC
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 Part 420 of the Superintendent’s Regulations which may be found on the Department’s website.
August 28 2009 |
R. Frank Gooden II |
Brooklyn |
NY |
October 27 2009 |
Michael Walsh |
Ronkonkoma |
NY |
October 28 2009 |
Michelle Marie Amore |
Glen Spey |
NY |
November 06 2009 |
Sherly Gayle |
Floral Park |
NY |
November 19 2009 |
Emil G Herman |
Lindenhurst |
NY |
November 19 2009 |
Robert J. Prendimano |
West Islip |
NY |
November 20 2009 |
Delroy Albert Davis |
Cambria Heights |
NY |
November 20 2009 |
Anthony Carl Boehm |
Jamaica |
NY |
November 20 2009 |
Peter Philip Van Etten |
Rock Hill |
NY |
November 20 2009 |
Stefani Posada |
Astoria |
NY |
November 20 2009 |
Jose Miguel Molina |
Bronx |
NY |
November 23 2009 |
Cynthia M Ross |
Oneida Castle |
NY |
November 23 2009 |
Windsor Nelson |
Brooklyn |
NY |
November 24 2009 |
Isaiah Y Smith |
Brooklyn |
NY |
November 24 2009 |
Tanta Marie Campbell |
Bronx |
NY |
November 24 2009 |
Hideyoshi Shu Sakae |
New York |
NY |
November 24 2009 |
Harinder Johar |
Mansfield |
MA |
November 24 2009 |
Steven Lee Levine |
Commack |
NY |
November 24 2009 |
Linda Ann Suchocki |
Alden |
NY |
November 25 2009 |
Gustavo Borja |
W Babylon |
NY |
December 02 2009 |
Devrim Ozdemir |
Woodbridge |
NJ |
December 03 2009 |
Kimberley Suzanne Walentin |
New Windsor |
NY |
December 07 2009 |
Scott Swartz |
San Diego |
CA |
January 07 2010 |
Sherryl Ann Hazzard |
Brooklyn |
NY |
January 07 2010 |
Hugo A. Leal |
Woodhaven |
NY |
January 07 2010 |
Ernest Allen Wills |
Wheatley Heights |
NY |
January 07 2010 |
Naraina Singh |
South Ozone Park |
NY |
January 07 2010 |
Renee Nicola Smith-Alexander |
Brooklyn |
NY |
January 07 2010 |
Jose M Bonaparte |
Bronx |
NY |
January 07 2010 |
Carol Wen Yeh |
Flushing |
NY |
January 07 2010 |
Gabriel Marrero |
Bronx |
NY |
January 07 2010 |
Garfield Oneil Cummings |
Brooklyn |
NY |
January 07 2010 |
Adoracion C Consing |
New York |
NY |
January 07 2010 |
Patricia Giddens |
Bronx |
NY |
January 07 2010 |
Karen Deanna Parchment |
St Albans |
NY |
January 08 2010 |
Gina J Lizarraga |
Central Islip |
NY |
January 08 2010 |
Chanice Olga Seda |
Goshen |
NY |
January 08 2010 |
Ronald Howard Guggenheim |
New York |
NY |
January 08 2010 |
David Bradt |
Albany |
NY |
January 08 2010 |
Michelle Jackubowski |
Rochester |
NY |
SECTION II
January 29, 2010 (CC-LFS)
UBNY, LLC D/B/A SUPERCASH
115 West 23rd Street, New York, NY 10011
License to engage in business as a casher of checks at 334 Ninth Avenue, New York, NY 10001 was surrendered.
February 1, 2010 (CC-LFS)
OAK STREET CHECK CASHING INC.
315 Oak Street, Uniondale, NY 11553
License to engage in business as a casher of checks at 900 Old Country Road, Westbury, NY 11590, surrendered.
February 8, 2010 (CC-LFS)
ERASMUS, LLC DBA UNITED CHECK CASHING
76E. Route 59, Nanuet, NY 10954
A license was issued to do business as a casher of checks at 76E. Route 59, Nanuet, NY 10954.
February 11, 2010 (FB-FWB)
FIRST COMMERCIAL BANK, LTD.
30, Chung-King S. Road, Sec 1, Taipei 100-05, Taiwan
Application, pursuant to Section 202-g of the Banking Law, to establish and maintain a branch in New York by upgrading an agency located at 750 Third Avenue, New York, NY 10017, accepted.
February 13, 2010 (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.
February 16, 2010 (TR-CRB)
AMALGAMATED BANK
275 Seventh Avenue, New York, NY 10001
Applicant notified in writing that no objection will be interposed to the establishment of an electronic facility (automated teller machine) at the Service Employees International Union, 1800 Massachusetts Avenue NW, Washington, DC 20036.
February 16, 2010 (TR-CRB)
BANCO POPULAR NORTH AMERICA
7 West 51st Street, New York, NY 10019
As provided in Section 28-c of the Banking Law, the Superintendent of Banks found that the proposed closing of a branch office at 159-17 Jamaica Avenue, Jamaica, Borough of Queens, City of New York 11432 will not result in a significant reduction of banking services in the community to be affected.
February 16, 2010 (TR-CRB)
BANCO POPULAR NORTH AMERICA
7 West 51st Street, New York, NY 10019
Approval given to change the location of branch office from 15950 Paramount Boulevard, Paramount, Los Angeles County, CA 90723 to 15954 Paramount Boulevard, Paramount, Los Angeles County, CA 90723, on or after February 17, 2010.
February 17, 2010 (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.
February 17, 2010 (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.
February 18, 2010 (CC-LFS)
MANHATTAN MONEY BRANCH.COM, INC.
403 East 3rd Street, Mount Vernon, New York 10553
An Order of Suspension was issued against the licensed check casher pursuant to Section 39 of the New York Banking Law. The Order of Suspension suspends all licenses issued in the name of Manhattan Money Branch.com, Inc. for a period not exceeding 90 days starting February 18, 2010.
Application to engage in the business of a Mortgage Broker under Article 12-D of the New York State Banking Law denied:
February 11, 2010 (BR-MBD)
Mortgage King Inc.
762 East 83rd Street, Brooklyn, NY 11236
Certificate to engage in the business of a Mortgage Broker surrendered:
February 11, 2010 (BR-MBD)
Bensalem Funding In Lieu of True Name AMC Funding Corporation
3070 Bristol Pike, Suite 228, Building 2, Bensalem, PA 19020 5361
Effective Date: January 22, 2010
February 11, 2010 (BR-MBD)
Summersfield Mortgage Corporation
59 Merwin Avenue, Milford, CT 06460 7902
Effective Date: February 09, 2010
February 11, 2010 (BR-MBD)
Alfredo Valentin D/B/A Valentine Real Estate
2125 Bruckner Blvd., Bronx, NY 10472 6534
Effective Date: February 10, 2010
February 11, 2010 (BR-MBD)
Lidija Nikolic D/B/A Hudson Financial
118-17 Union Turnpike, Apt. 7-H, Forest Hills, NY 11375 6102
Effective Date: February 10, 2010
February 17, 2010 (BR-MBD)
F.W. Mortgage In Lieu of True Name First World Mortgage Corporation
127 Prospect Avenue, West Hartford, CT 06106 2950
Effective Date: February 12, 2010
License to engage in the business of a Mortgage Banker surrendered:
February 11, 2010 (MB-MBD)
Globelend Mortgage In Lieu of True Name Discount Mortgage Warehouse, Inc.
3363 NE 163rd Street, Suite 804, North Miami Beach, FL 33160
Effective Date: February 08, 2010
License to engage in the business of a Mortgage Banker Branch surrendered:
February 17, 2010 (MB-MBD)
Full Service Branch
Beneficial Homeowner Service Corporation
1801 Western Avenue, Guilderland, NY 12203
Effective Date: January 11, 2010
Subsequent to a hearing conducted on January 12, 2010, the following company's Mortgage Banker License was revoked on February 12, 2010. The Superintendent found that substantial evidence has been adduced that the Respondent, a mortgage banker, failed to maintain a line of credit in an amount of not less than $1,000,000 in violation of Section 410.1(b)(2) of Part 410 of the Superintendent's Regulation. Additionally, the respondent was found to be in violation of Section 38.7(a)(8) of the General Regulation of the Banking Board for failing to fund closed mortgage loans and in violation of Section 38.7(a)(1) and 38.7(a)(5) of the General Regulations of the Banking Board for receiving mortgage applications and holding such applications in its “pipe-line" without disclosing the respondent's lack of funding ability and without making "good faith" efforts to issue commitments in a timely manner.
February 17, 2010 (MB-MBD)
Ideal Mortgage Bankers, LTD. D/B/A Lend America
Additional DBA(S): Consumer First Lending Key
520 Broadhollow Road, Suite 100E, Melville, NY 11747
Effective Date: February 12, 2010
The following Mortgage Broker is suspended effective February 11, 2010 for failure to maintain corporate surety bond pursuant to Section 410.14 of Part 410 of the Superintendent's Regulations.
February 11, 2010 (BR-MBD)
Levi Galbraith DBA County Crest Mortgage
1 Hillel Place, 2nd floor, Brooklyn, NY 11210
The following Mortgage Broker has been reinstated from Suspension effective February 11, 2010.
February 11, 2010 (BR-MBD)
Vantage Mortgage LLC.
45-43 Bell Boulevard, 3rd Floor, Bayside, NY 11361
The following Registered Mortgage Broker has failed to fully pay the general assessment, in violation of Section 17.2 of the Banking Law. Their mortgage broker registrations have expired, pursuant to Section 592-a of the New York Banking Law.
February 17, 2010 (BR-MBD)
Treehouse Funding, LLC
6 Hannigan Drive, Stony Point, NY 10980 1732
The following have been reinstated to the role of registered mortgage brokers. New residential property mortgage brokerage business may now be resumed:
February 12, 2010 (BR-MBD)
GMK Consultants, Inc. dba Blue Bay Mortgage
Additional DBA(S): Viva Mortgage
62 School Street, Suite B, Glen Cove, NY 11542
February 16, 2010 (BR-MBD)
York Home Mortgage, LLC
11 Penn Plaza, Suite 5149, New York, NY 10001
February 17, 2010 (BR-MBD)
Gary A. Walker & Associates, Inc.
5 Sunrise Plaza, Suite 203, Valley Stream, NY 11580
February 17, 2010 (BR-MBD)
Mortgage Market LTD DBA New York Mortgage Center
112 Brook Road, Port Jefferson, NY 11777
February 17, 2010 (BR-MBD)
Mortgage One, Inc.
1065 Old Country Road, Suite 215, Westbury, NY 11590
Branch Offices:
716 Montauk Highway, West Babylon, NY 11704
February 17, 2010 (BR-MBD)
American Dream Financial Corp.
427 Swanson Drive, Thornwood, NY 10594 1918
Branch Offices:
180 South Broadway, Ground Floor, White Plains, NY 10601
55 Old Turnpike Way, Suite 610, Nanuet, NY 10954
February 17, 2010 (BR-MBD)
Progress Funding Inc.
2250 Westchester Avenue, Bronx, NY 10462
February 17, 2010 (BR-MBD)
Mortgage4sure.com, Corp.
8412 Fifth Avenue, 2nd Floor, Brooklyn, NY 11209 4761
February 17, 2010 (BR-MBD)
John J. Lease Mortgage Company, LLC
299 North Plank Road, Newburgh, NY 12550
February 17, 2010 (BR-MBD)
Residential Financial Services Inc.
515 Madison Avenue, New York, NY 10022 5403
February 17, 2010 (BR-MBD)
Advantage Real Estate Services, Inc.
123 Industrial Park Lane, P.O. Box 247, Central Bridge, NY 12035
Branch Offices:
90C Broad Street, Waterford, NY 12188
February 17, 2010 (BR-MBD)
Unistar Mortgage In Lieu of True Name Unity Mortgage Corp.
1405 Route 18 South - Second Floor - Suite 204, Old Bridge, NJ 08857
Application to assume inactive status as a registered mortgage broker pursuant to Article 12-D of the Banking Law approved:
February 12, 2010 (BR-MBD)
Richard S Chiu
401 Broadway, Suite 309, New York, NY 10013
Effective Date: February 11, 2010
February 12, 2010 (BR-MBD)
Heritage Equity Corporation
123 Frost Street, Westbury, NY 11590
Effective Date: February 11, 2010
February 12, 2010 (BR-MBD)
Network Mortgage, Inc.
60-41 Fresh Pond Road, Maspeth, NY 11378
Effective Date: February 11, 2010
February 12, 2010 (BR-MBD)
Imperial Funding Corp.
95-05 Sutphin Blvd., Jamaica, NY 11435
Effective Date: February 11, 2010
February 12, 2010 (BR-MBD)
APS Mortgage Corporation
77-01 101st Avenue, Suite 1, Ozone Park, NY 11416 1915
Effective Date: February 11, 2010
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:
February 16 2010 |
Marinus Paul Oele |
Manorville |
NY |
February 16 2010 |
Alex Mirman |
Lyn Broke |
NY |
February 16 2010 |
Timothy Mark Paige Jr. |
Liverpool |
NY |
February 16 2010 |
Peter Charles Molina |
Little Neck |
NY |
February 16 2010 |
Yuki Hiruma |
Stamford |
CT |
February 16 2010 |
Linda Mary Delosh |
Dewitt |
NY |
February 16 2010 |
Laura Marie Simpson |
Louisville |
KY |
February 16 2010 |
Alexander Castrillon |
Astoria |
NY |
February 16 2010 |
Steven A. Cohen |
Commack |
NY |
February 16 2010 |
Tonia Canady |
Horton |
MI |
February 16 2010 |
Joseph Aghalarian |
Great Neck |
NY |
February 16 2010 |
Aaron Edelman |
Fort Wayne |
IN |
February 16 2010 |
Tina Marie Annibell |
Sayville |
NY |
February 16 2010 |
Stephanie A Magness |
Sterling Heights |
MI |
February 16 2010 |
Douglas M Baum |
Pound Ridge |
NY |
February 16 2010 |
Anthony Deluca |
Macomb |
MI |
February 16 2010 |
Angela Mathis |
Livonia |
MI |
February 16 2010 |
Alexandra Gonzalez |
Rego Park |
NY |
February 16 2010 |
Ronda Qarana |
Scottsdale |
AZ |
February 16 2010 |
Joseph Traskos |
Northville |
MI |
February 16 2010 |
Juan Marrero |
Phoenix |
AZ |
February 16 2010 |
Robert Hanus |
Saint Clair Shores |
MI |
February 16 2010 |
Todd Matzkin-Bridger |
West Bloomfield |
MI |
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 Part 420 of the Superintendent’s Regulations which may be found on the Department’s website.
July 31 2008 |
James J Hennessey |
Kent |
CT |
THERE ARE NO SECTION III ITEMS THIS WEEK.
