Weekly Bulletin
March 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 l
March 12, 2010 (MS-CRB)
CHINATRUST BANK (U.S.A.)
22939 Hawthorne Boulevard, Torrance, CA 90505
The comment period on this notice will expire April 26, 2010.
March 12, 2010 (CCC-LFS)
NYC CREDIT & FUNDING, INC.
80-11 164th Street, Jamaica, NY 11432
An application was received for a license to engage in business as a licensed commercial casher of checks at 2178 Jericho Turnpike, Garden City Park, NY 11040.
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 comments or objections should be submitted in writing, within ten business days, by April 2, 2010.
March 17, 2010 (MS-CRB)
BEAL BANK, SSB
6000 Legacy Drive, Plano, TX 75024
Application dated March 12, 2010 permission to open and occupy a branch office at 1122 Franklin Avenue, Garden City, Nassau County, NY 11530, received.
March 17, 2010 (PF-LFS)
PLAINVIEW PREMIUM FINANCE CO., INC.
131 East Ames Court, Plainview, NY 11803
Notification received for a change of location to 68 South Service Road, Suite 450, Melville, Suffolk County, NY 11747.
Any comments or objections should be submitted in writing, within 10 calendar days, by April 2, 2010.
Application to engage in the business of a Mortgage Broker under Article 12-D of the New York State Banking Law received for examination:
March 16, 2010 (BR-MBD)
Applicant(s)
Ilan Kredlik
Judah Langer
As: ITG Mortgage Company LLC
482 Coney Island Avenue, 3rd Floor, Brooklyn, NY 11218 3409
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:
October 20, 2009 (BR-MBD)
Applicant(s)
Alexander Gregory
Federico Perez
As: Tychor Mortgage Enterprises, Inc.
1 Bridge Plaza, 2nd Floor, #237, Fort Lee, NJ 07024
To:
March 11, 2010 (BR-MBD)
Applicant(s)
Alexander Gregory
Carmen B. Castellano
As: Tychor Mortgage Enterprises, Inc.
1 Bridge Plaza, 2nd Floor, #237, Fort Lee, NJ 07024
Application to engage in the business of a Mortgage Loan Servicer under Article 12-D of the New York State Banking Law received for examination:
March 12, 2010 (MLS-MBD)
Applicant(s)
Ivan P. Kaufman
James P. DePalma
Craig M. Lindauer
Anne Lori Herman
Arbor Residential Mortgage, LLC
As: AMS Servicing, LLC
3374 Walden Avenue, Suite 120, Depew NY 14043
Application to engage in the business of a Mortgage Loan Servicer under Article 12-D of the New York State Banking Law received for examination amended to read as follows:
From:
February 5, 2010 (MLS-MBD)
Applicant(s)
Jon R. Daurio
John Kontoulis
Janice K. Ramocinski
Michael A. Corasaniti
Ian P. McDonald
Michael J.Sekits
JAM Special Opportunities Fund
Pequot Partners Fund, L.P.
Pequot Core Global Offshore Funds, Inc.
Tourmalet Matawin Offshore Master Fund, L.P.
As: Kondaur Capital Corporation
1100 Town and Country Road, 16th floor, Orange, CA 92868
To:
March 16, 2010 (MLS-MBD)
Applicant(s)
Jon R. Daurio
John Kontoulis
Janice K. Ramocinski
Michael A. Corasaniti
Ian P. McDonald
Michael J.Sekits
JAM Special Opportunities Fund
Pequot Partners Fund, L.P.
Pequot Core Global Offshore Funds, Inc.
Tourmalet Matawin Offshore Master Fund, L.P.
As: Kondaur Capital Corporation
One City Boulevard West, Suite 1900, Orange, CA 92868
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:
March 17, 2010 (BR-MBD)
Applicant(s)
Gilman Ciocia Inc.
(Public Corporation)
James Cosmo Ciocia
Ted H. Finkelstein
Karen Fisher-Kisak
Mark S. Gopen
Michael Peter Ryan
Carole Ellen Enisman-Ryan
To acquire interest in:
Gilman and Ciocia Inc.
35-30 Francis Lewis Blvd., Suite 205, Flushing, NY 11358
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.
October 29, 2009 |
Patrick Henry Williamson |
NYC |
NY |
November 03, 2009 |
Michael Christopher D'Aconti |
Commack |
NY |
November 12, 2009 |
Joshua David Deutchman |
Woodhaven |
NY |
November 13, 2009 |
George Theodorou |
Glen Head |
NY |
November 17, 2009 |
Karen Perry |
Rochester |
NY |
November 18, 2009 |
William V Robertson |
Fairfield |
CT |
November 18, 2009 |
Michael C Dolan |
Norwalk |
CT |
November 19, 2009 |
Milagros Lora |
New York |
NY |
November 19, 2009 |
Dallas Phillip Bell |
Brooklyn |
NY |
November 19, 2009 |
Neal Alan Winter |
Bronxville |
NY |
November 19, 2009 |
Joseph A V Semper |
Bronx |
NY |
November 19, 2009 |
Anthony Todd Sangiovanni |
Mt Sinai |
NY |
November 20, 2009 |
Leslie A Estevez |
Brooklyn |
NY |
November 20, 2009 |
Elouise Beatrice Headlam |
Rochester |
NY |
November 20, 2009 |
James Joseph Wiatrowski |
Elama |
NY |
November 20, 2009 |
Marie P Wilson |
West Hempstead |
NY |
November 20, 2009 |
Sandra Mary Sam |
Brooklyn |
NY |
November 24, 2009 |
Paulina Alviz |
Jackson Hts |
NY |
November 24, 2009 |
Minsook Lee |
Astoria |
NY |
November 25, 2009 |
Aleksandr Izakson |
Bklyn |
NY |
November 28, 2009 |
Erika Bailey |
Sayville |
NY |
November 30, 2009 |
Henry L Felix |
Bronx |
NY |
November 30, 2009 |
Charles Rosa |
Newark |
NJ |
November 30, 2009 |
Carl David Wirth |
Delmar |
NY |
November 30, 2009 |
Katherine Jennings |
White Plains |
NY |
December 02, 2009 |
Maria Evelyn B Reynes |
Orangeburg |
NY |
December 04, 2009 |
Olaf Frank Hanson |
Davis |
CA |
December 10, 2009 |
Jacob Taylor Lamborn |
Henderson |
NV |
December 31, 2009 |
Patricia Bove |
Staten Island |
NY |
December 31, 2009 |
Marsha Yvonne Prentice |
Dana Point |
CA |
December 31, 2009 |
Peter Fiorentino |
Manalapan |
NY |
January 06, 2010 |
Joshua Weiss Harmatz |
Sacramento |
CA |
January 06, 2010 |
Andrew M Yee |
Norwalk |
CT |
January 06, 2010 |
Evan Van Auken |
Laguna Niguel |
CA |
January 07, 2010 |
Gregory Mark Corkett |
Huntington |
NY |
January 08, 2010 |
David Schwenk Ii |
Deptford |
NJ |
January 11, 2010 |
Kia D Peck |
Bklyn |
NY |
January 11, 2010 |
Lisa Marie Turney |
Rochester |
NY |
January 13, 2010 |
Pingping Li |
Valley Stream |
NY |
January 13, 2010 |
Aric Edward Lemon |
Clifton Park |
NY |
January 14, 2010 |
Angelo Joseph Santomauro |
Greenlawn |
NY |
January 15, 2010 |
Jin Roh |
Edison |
NJ |
January 15, 2010 |
Andrew David Ackerman |
Great Neck |
NY |
January 21, 2010 |
Ricardo Villa J |
Riverside |
CA |
January 25, 2010 |
Jagdesh Terry Gangaram |
Manhasset |
NY |
February 01, 2010 |
Patrick David Yasaitis |
Coatesville |
PA |
February 01, 2010 |
Steven Edward Greenberg |
Pomona |
NY |
February 01, 2010 |
Andrea C Scarborough |
Addisleigh Park |
NY |
SECTION II
March 11, 2010 (BK-CRB)
LIBERTYPOINTE BANK
120 Broadway, New York, NY 10271
On Thursday, March 11, 2010, the Superintendent of Banks took possession of LibertyPointe Bank pursuant to Section 606 of the Banking Law on the grounds it:
- was conducting its business in an unauthorized or unsafe manner;
- was in an unsafe or unsound condition to transact its business;
- could not with safety and expediency continue business;
- had an impairment of its capital; and
- had neglected or refused to comply with the terms of a duly issued order of the Superintendent
The Superintendent subsequently appointed the Federal Deposit Insurance Corporation receiver of the institution pursuant to Section 634 of the Banking Law. The Federal Deposit Insurance Corporation, pursuant to its authority under Federal law and regulations, entered in to a purchase and assumption agreement with Valley National Bank, Wayne, New Jersey, pursuant to which Valley National Bank agreed to assume all of the deposits and essentially all of the assets of LibertyPointe Bank. Depositors of LibertyPointe Bank automatically became depositors of Valley National Bank.
March 12, 2010 (BK-CRB)
THE PARK AVENUE BANK
460 Park Avenue, New York, New York, 10022
On Friday, March 12, 2010, the Superintendent of Banks took possession of The Park Avenue Bank pursuant to Section 606 of the Banking Law on the grounds it:
- was in violation of the Banking Law
- was conducting its business in an unauthorized or unsafe manner;
- was in an unsound or unsafe condition to transact its business;
- could not with safety and expediency continue business;
- had an impairment of its capital; and
- had neglected or refused to comply with the terms of a duly issued order of the Superintendent.
March 12, 2010 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203
Applicant notified in writing that no objection will be interposed to the establishment of electronic facilities (automated teller machines) at the following four locations:
- Shoppers Food & Pharmacy, 14000 Shoppers Best Way, Woodbridge, Prince William County, VA 22192;
- Shoppers Food & Pharmacy, 1320 Carl D. Silver Parkway, Fredericksburg, VA 22401;
- Shoppers Food & Pharmacy, 1505 Stafford Market Place, Stafford, Stafford County, VA 22556; and
- Shoppers Food & Pharmacy, 6228 North Kings Highway, Alexandria, Fairfax County, VA 22303.
March 15, 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.
March 17, 2010 (MS-FWB)
CAPITAL GUARDIAN TRUST CO., A NEVADA CORP.
50 West Liberty Street, Reno, NV 89501
Applicant notified in writing that no objection will be interposed to the establishment of a trust office pursuant to the provisions of Section 131(4) of the Banking Law at 630 Fifth Avenue (36th Floor), Borough of Manhattan, City of New York 10111.
March 18, 2010 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203
Authorization granting permission to open and occupy a branch office in Shoppers Food & Pharmacy, 551 Jermor Lane, Westminster, Carroll County, MD 21157, surrendered for cancellation.
Office discontinued as of March 12, 2010.
March 19, 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.
March 19, 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.
Certificate issued to engage in the business as a Mortgage Broker Branch under Article 12-D of the New York State Banking Law:
March 16, 2010 (BR-MBD)
Full Service Branch
Guardian First Funding Group, LLC
91-31 Queens Boulevard, Suite 305, Queens, NY 11373
March 16, 2010 (BR-MBD)
Full Service Branch
Louviers Mortgage Corporation
2500 Westchester Avenue, Purchase, NY 10577
License issued to engage in the business as a Mortgage Banker Branch under Article 12-D of the New York State Banking Law:
March 16, 2010 (MB-MBD)
Full Service Branch
FRM Network In Lieu of True Name First Residential Mortgage Network, Inc.
Additional DBA(S): SurePoint Lending
4890 West Kennedy Blvd., Two Urban Center, Tampa, FL 33609
March 16, 2010 (MB-MBD)
Full Service Branch
PHH Home Loans, LLC D/B/A Coldwell Banker Home Loans
Additional DBA(S): ERA Home Loans
Cartus Home Loans
278 Mamaroneck Avenue, White Plains, NY 10605
March 16, 2010 (MB-MBD)
Full Service Branch
Mortgage Access Corp. DBA Weichert Financial Services
1124 Route 94, New Windsor, NY 12553
March 16, 2010 (MB-MBD)
Full Service Branch
IBM Lender Business Process Services, Inc.
14523 SW Millikan Way, Suite 200, Beaverton, OR 97005
March 16, 2010 (MB-MBD)
Full Service Branch
IBM Lender Business Process Services, Inc.
4600 25th Avenue NE, Salem, OR 97301
Application approved pursuant to Section 590(5-a) of the New York State Banking Law to act as an FHA Mortgage Loan Correspondent:
March 12, 2010 (BR-MBD)
Stone Street Mortgage Corp.
185 Spring Street, Suite 6, Newton, NJ 07860
Application to engage in the business of a Mortgage Banker under Article 12-D of the New York State Banking Law withdrawn:
March 11, 2010 (MB-MBD)
Village Capital and Investment LLC
700 East Gate Drive, Suite 310, Mount Laurel, NJ 08054 3806
Certificate to engage in the business of a Mortgage Broker surrendered:
March 11, 2010 (BR-MBD)
Rene Au
95-13 Roosevelt Avenue, Jackson Heights, NY 11372
Effective Date: December 18, 2009
March 16, 2010 (BR-MBD)
Bernard Miglio Real Estate Inc.
249 West Merrick Road, Valley Stream, NY 11580 5514
Effective Date: March 08, 2010
March 16, 2010 (BR-MBD)
Homes R Beautiful Inc.
3135 Coney Island Avenue, Brooklyn, NY 11235
Effective Date: March 11, 2010
March 16, 2010 (BR-MBD)
Coast To Coast Mortgage, Inc.
28 Roxie Lane, Morrisonville, NY 12962 9663
Effective Date: March 09, 2010
March 16, 2010 (BR-MBD)
Miracle Capital, Inc.
200 South Service Road, Roslyn Heights, NY 11577 2118
Effective Date: March 08, 2010
March 16, 2010 (BR-MBD)
Expert Funding Inc.
5893 Camp Road, Hamburg, NY 14075
Effective Date: March 10, 2010
March 16, 2010 (BR-MBD)
Broadway Mortgage Corporation
328 South Broadway, Lindenhurst, NY 11757 4701
Effective Date: March 10, 2010
March 16, 2010 (BR-MBD)
CSS Mortgage Corp.
1358 Willis Avenue, Albertson, NY 11507
Effective Date: March 10, 2010
March 16, 2010 (BR-MBD)
Delva Real Estate and Mortgages, Inc.
212-47 Jamaica Avenue, Suite 200, Queens Village, NY 11428
Effective Date: March 09, 2010
March 16, 2010 (BR-MBD)
TVF Best Option, Corp.
580 Midland Avenue, Suite D, Staten Island, NY 10306 5927
Effective Date: March 09, 2010
March 16, 2010 (BR-MBD)
First Americasa Mortgage, LLC
23 Howe Avenue, 2nd Floor, Passaic, NJ 07055
Effective Date: March 09, 2010
March 16, 2010 (BR-MBD)
Sangjoon Han D/B/A Keystone Funding Group
42-40 Bell Boulevard, Suite 400, Bayside, NY 11361
Effective Date: March 12, 2010
Certificate to engage in the business of a Mortgage Broker Branch surrendered:
March 16, 2010 (BR-MBD)
Full Service Branch
Broadway Mortgage Corporation
179 Little East Neck Road, North Babylon, NY 11702
Effective Date: March 10, 2010
Subsequent to a hearing conducted on January 8, 2010 the following company's Mortgage Broker registration was revoked on February 28, 2010. The Superintendent found substantial evidence has been adduced that the Respondent, a mortgage broker violated the provisions of Section 597 of the New York Banking Law and Part 410.8(b) of the Superintendent's Regulations for failure to submit a Volume of Operations Report for the 2007 calendar year.
March 11, 2010 (BR-MBD)
Expo Mortgage Center Inc.
430 West Merrick Road, Suite B, Valley Stream, New York 11580
Effective Date: February 28, 2010
The following have been reinstated to the role of registered mortgage brokers. New mortgage brokerage residential property business may now be resumed:
March 11, 2010 (BR-MBD)
Crossroad Capital Services, Inc.
686 Stoneleigh Avenue, Carmel, NY 10512 3923
March 12, 2010 (BR-MBD)
Apollo Funding Inc.
324 West Ball Road, Anaheim, CA 92805 6049
March 12, 2010 (BR-MBD)
Hollywood Mortgage Corporation
220-31 Jamaica Avenue, Suite 2, Queens Village, NY 11428
March 12, 2010 (BR-MBD)
Alpha Funding Group, Inc.
4078 Nostrand Avenue, Unit CU, Brooklyn, NY 11235 2277
March 16, 2010 (BR-MBD)
Henrice Blanchet D/B/A H.B.M.B.
250 Fulton Avenue, Suite M115, Hempstead, NY 11550
March 17, 2010 (BR-MBD)
A & F Capital, Inc.
112-04 Springfield Boulevard, Queens Village, NY 11429 2650
Application to assume inactive status as a registered mortgage broker pursuant to Article 12-D of the Banking Law approved:
March 12, 2010 (BR-MBD)
Brandico Realty Group, Inc
3584 Bronxwood Avenue, Bronx, NY 10469 1125
Effective Date: March 12, 2010
March 12, 2010 (BR-MBD)
Complete Home Mortgage Corp.
606 Johnson Avenue, Suite 5, Bohemia, NY 11716
Effective Date: March 12, 2010
March 12, 2010 (BR-MBD)
Nexus Capital Services Inc.
1900 Hempstead Turnpike, Suite 312, East Meadow, NY 11554
Effective Date: March 12, 2010
Mortgage Banker Branch License Address Changes:
March 12, 2010 (MB-MBD)
Beneficial Homeowner Service Corporation
From: 2038 Rockaway Parkway, Seaview Mall, Brooklyn, NY 11236
To: 961 North Weigel Drive, Elmhurst, IL 60126
March 16, 2010 (MB-MBD)
Continental Home Loans Inc. D/B/A Senior Home Loans
From: 5100 Sunrise Highway, Massapequa, NY 11762
To: 301 North Broadway, 2nd Floor, Jericho, NY 11753
Application approved pursuant to Section 594-b of the New York Banking Law and Part 410 of the Superintendent's Regulations for a control interest:
March 11, 2010 (MB-MBD)
Applicant(s)
Gary Alan Horn
Harris Scott Focer
James F. Agoglia
To acquire interest in:
Quik Fund, Inc.
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 03, 2008 |
Javier E Meneses |
Coram |
NY |
September 19, 2008 |
William Goodman |
Great Neck |
NY |
March 16, 2009 |
John Joseph Kenna |
Long Beach |
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:
March 15, 2010 |
Vera Vee Hayes |
Louisville |
KY |
Approvals issued to engage in the business of mortgage loan origination under Article 12-E of the New York State Banking Law.
20012 |
Thoma Beno |
UNITED MORTGAGES OF AMERICA, INC. |
35490 |
Christopher J Lanzoni |
FREEDOM ONE FUNDING, INC. |
9425 |
Francis Kelly |
HOME FINANCE OF AMERICA, INC. |
13068 |
Joseph L Hallinan |
HOME FINANCE OF AMERICA, INC. |
27610 |
Anthony Michaels |
FOXX CAPITAL FUNDING, INC. |
THERE ARE NO SECTION III ITEMS THIS WEEK.
