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New York State Department of Financial Services

Weekly Bulletin
May 7, 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
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 l

April 28, 2010 (FR-FWB)
BANCO DO BRASIL, S.A.
Sector Bancario Sul, Quadra 1, Bloco C, Lote 32, Edificio Sede III, Brasilia (Df) Brazil 70073-901

Application for a license to establish and maintain a representative office in 709 Westchester Avenue, White Plains, New York, 10604, County of Westchester, received.


April 30, 2010 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

Notices of intention to establish electronic facilities (automated teller machines) at the following two locations, received:

  1. Sheetz Convenience Store, 5295 Detroit Road, Sheffield, Lorain County, OH 44054; and
  2. Sheetz Convenience Store, 7775 North Route 220 Highway, Woodward Township, Lycoming County, PA 17744.

April 30, 2010 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Notice of intention to close branch office at Willard Straight Hall, Campus Road, Cornell University, Ithaca, Tompkins County, NY 14853, received.

The comment period on this notice will expire June 7, 2010.


April 30, 2010 (FB-FWB)
BANCO ITAU S.A.
Praca Alfredo Egydio de Souza Aranha, 100 – Torre Olavo Setubal, Sao Paulo, Brazil

Application, pursuant to Section 203.2 of the Banking Law, to change the name of its New York branch, located at 540 Madison Avenue, 24th Floor, New York NY 10022 from Banco Itau S.A. to Itau Unibanco S.A., received.


May 3, 2010 (CC-LFS)
UBNY, LLC, D/B/A SUPERCASH
115 West 23rd Street, New York, NY 10011

An application was received for a license to operate a limited station check casher at Blue Ridge Farms, 3301 Atlantic Avenue, Brooklyn, NY 11208.

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 May 21, 2010. 


May 3, 2010 (PF-LFS)
FIFC PREMIUM FUNDING, LLC
450 Skokie Boulevard – Suite 1000, Northbrook, IL  60062

Application received for a license to engage in business as a premium finance company at the above location.

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.


May 3, 2010 (PF-LFS)
FIFIC FUNDING 1, LLC
450 Skokie Boulevard – Suite 1000, Northbrook, IL  60062

Application received for a license to engage in business as a premium finance company at the above location.

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.


May 4, 2010 (CC-LFS)
CEBCO CHECK CASHER CORP.
369 Palmetto Street, Brooklyn, NY 11237

Applications were received for licenses to operate two limited stations as casher of checks at the following locations:

  1. LIRR, 33rd Street and 11th Avenue, New York, NY 10018.
  2. LIRR, 121st Street and Atlantic Avenue, Richmond Hill, NY 11318.

The publication of receipt of these applications does not indicate that the applications are deemed complete. The applications are 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 May 21, 2010. 


May 4, 2010 (CC-LFS)
RIDGE CHECK CASHING CORP
63 Flatbush Ave, Brooklyn, NY 11217

An application was received to relocate a licensed casher of checks to 84 Flatbush Ave, Brooklyn, NY 11217 from 370 Schermerhorn Street, Brooklyn, NY 11217.

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 May 21, 2010.


May 7, 2010 (CC-LFS)
PAY-O-MATIC CHECK CASHING CORP.
160 Oak Drive, Syosset, NY 11791

An application was received for a license to engage in business as a licensed casher of checks at 961 Pennsylvania Avenue, Brooklyn, NY 11207 in connection with the purchase of certain assets of Penn Starrett Check Cashing Corp.

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 10 ten business days, by May 21, 2010.


May 7, 2010 (FB-FWB)
FORTIS BANK SA/NV
Montagne du Parc 3, B -1000 Brussels, Belgium

Application to change the location of the New York branch from 520 Madison Avenue, Borough of Manhattan, City of New York to 787 Seventh Avenue, Borough of Manhattan, City of New York, received.


Application to engage in the business of a Mortgage Banker under Article 12-D of the New York State Banking Law received for examination:

May 05, 2010 (MB-MBD)
Applicant(s)
John T. Walsh
Joseph T. Bartolomeo
William David Schettler
As: Total Group In Lieu of True Name Total Mortgage Services, LLC
326 West Main Street, Suite 105, Milford, CT 06460 2567


SECTION II

April 30, 2010 (TR-CRB)
BANCO POPULAR NORTH AMERICA
7 West 51st Street, New York, NY 10019

Approval given to change the location of principal office from 7 West 51st Street, Borough of Manhattan, City of New York 10019 to 11 West 51st Street, Borough of Manhattan, City of New York 10019, on or after May 1, 2010.


May 3, 2010 (CC-FS)
BAYCHESTER PAYMENT CENTER LLC  
1209 East 233rd Street, Bronx, NY 10466-3344

Licenses were issued to operate limited station casher of checks at the following locations:

  1. Industrial Acoustics Company, Inc. at 1160 Commerce Avenue, Bronx, NY 10462;
  2. Crimson Construction Corp. at World Trade Center, Tower One, New York, NY 10007;
  3. Sound Shore Medical Center of Westchester at 16 Guion Place, New Rochelle, NY 10801.

 


May 3, 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 at 3635 Old Court Road, Pikesville, Baltimore County, MD 21208, surrendered for cancellation.

Office discontinued as of April 23, 2010.


May 3, 2010 (FB-FWB)
FIRST COMMERCIAL BANK, LTD.
30, Chung-King S. Road, Sec 1, Taipei 100-05, Taiwan

License issued to maintain a branch at 750 Third Avenue, New York, NY 10017, effective May 3, 2010.  This license is issued in connection with the conversion of the Bank’s New York agency to a branch at the same location, pursuant to Section 202-g of the Banking Law.


May 4, 2010 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

Approval given to change temporarily the location of branch office from 5236 North Point Boulevard, Sparrows Point, Baltimore County, MD 21219 to 5230 North Point Boulevard, Sparrows Point, Baltimore County, MD 21219, on or after May 5, 2010.


May 4, 2010 (FR-CRB)
UNION BANK OF ISRAEL, LTD.
6-8 Ahuzat Bayit St., Tel-Aviv 65143, Israel

Representative office license located at 405 Lexington Avenue, New York, NY 10174 surrendered on March 30, 2010.


May 5, 2010 (FA-FWB)
FIRST COMMERCIAL BANK
30, Chung King South Road, Section 1, Taipei 100-05 Taiwan

License of the New York Agency, located at 750 Third Avenue, New York, NY 10017 and pursuant to Section 202-d of the Banking Law, surrendered as of May 3, 2010.


May 6, 2010 (CC-LFS)
ARMAT, LTD
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.


May 6, 2010 (CC-LFS)
BUSH CAPITAL, LLC
889 4th Avenue, Brooklyn, NY 11232

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.


May 6, 2010 (MS-CRB)
MICHAEL J. A. SMITH
Maywood, NJ 07607

Application, pursuant to Section 143-b of the Banking Law, for Michael J. A. Smith to acquire control of Alma Bank, Astoria, New York, approved.


May 6, 2010 (FB-FWB)
LAND BANK OF TAIWAN CO., LTD.
No. 46, Guancian Road, Taipei, Taiwan

Application, pursuant to Section 201 of the Banking Law, to establish a branch in New York, approved by the Banking Board.


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

May 04, 2010 (BR-MBD)
YML Mortgage In Lieu of True Name Your Mortgage Lender
21800 Oxnard Street, Suite 1195, Woodland Hills, CA 91367 3691

May 04, 2010 (BR-MBD)
Colonial Mortgage Corp. D/B/A First Allied Mortgage
333 Jericho Turnpike, Suite 211, Jericho, NY 11753


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

April 29, 2010 (BR-MBD)
Banner Mortgage Group, Inc.
670 White Plains Road, Scarsdale, NY 10583 5025
Effective Date: April 29, 2010

April 29, 2010 (BR-MBD)
Urgo Realty, Inc. D/B/A Urgo Financial Services
36-51 Bell Boulevard, Suite 202, Bayside, NY 11361 2025
Effective Date: April 26, 2010

April 29, 2010 (BR-MBD)
The Shield, Inc.
50 Broad Street, Suite 408, New York, NY 10004
Effective Date: April 27, 2010

May 05, 2010 (BR-MBD)
Fortune 2000 Realty, Inc. DBA Century 21 Fortune Realty
105-34A Cross Bay Blvd., Ozone Park, NY 11417
Effective Date: April 28, 2010


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

May 05, 2010 (MB-MBD)
Fairmont Funding LTD.
1333 60th Street, Brooklyn, NY 11219
Effective Date: May 03, 2010

May 05, 2010 (MB-MBD)
Somerset Investors Corporation DBA Somerset Mortgage Bankers
Additional DBA(S): Somerset Reverse Mortgage Lenders
Somerset Mortgage Lenders
290/300 Broadhollow Road, Suite 310E, Melville, NY 11747
Effective Date: May 04, 2010

May 05, 2010 (MB-MBD)
Security American Mortgage Company
In Lieu of True Name Security Atlantic Mortgage Co., Inc.
Additional DBA(S): Loanagentsplus.com
499 Thornall Street, 2nd Floor, Edison, NJ 08837 2210
Effective Date: April 28, 2010

May 05, 2010 (MB-MBD)
Colonial Mortgage Corp. D/B/A First Allied Mortgage
333 Jericho Turnpike, #211, Jericho, NY 11753 1100
Effective Date: May 04, 2010


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

May 03, 2010 (BR-MBD)
Full Service Branch
FCMC Mortgage Corp.
875 Sixth Avenue, Suite 500, New York, NY 10001
Effective Date: April 30, 2010


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

April 29, 2010 (MB-MBD)
Full Service Branch
Franklin First Financial, Ltd. D/B/A Franklin First Mortgage Bankers
Additional DBA(S): Presidents First Mortgage Bankers
Senior Funding Group
150 Motor Parkway, Suite 200, Hauppauge, NY 11788
Effective Date: April 28, 2010

May 03, 2010 (MB-MBD)
Full Service Branch
WCS Lending, LLC
24901 Northwestern Highway, Suite 110, Southfield, MI 48075
Effective Date: April 30, 2010

May 03, 2010 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
400 Skokie Boulevard, Suite 110, Northbrook, IL 60062
Effective Date: April 29, 2010

May 05, 2010 (MB-MBD)
Full Service Branch
Fairmont Funding LTD.
300 Main Street, Lakewood, NJ 08701
Effective Date: May 03, 2010

May 05, 2010 (MB-MBD)
Full Service Branch
Fairmont Funding LTD.
1318 60th Street, Brooklyn, NY 11219
Effective Date: May 03, 2010

May 05, 2010 (MB-MBD)
Full Service Branch
Somerset Investors Corporation DBA Somerset Mortgage Bankers
Additional DBA(S): Somerset Reverse Mortgage Lenders
Somerset Mortgage Lenders
1166 West Northport Center Drive, Suite 311, Deerfield Beach, FL 33442
Effective Date: May 04, 2010

May 05, 2010 (MB-MBD)
Full Service Branch
Somerset Investors Corporation DBA Somerset Mortgage Bankers
Additional DBA(S): Somerset Reverse Mortgage Lenders
Somerset Mortgage Lenders
290 Broadhollow Road, Suite LL 150, Melville, NY 11747
Effective Date: May 04, 2010


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

April 29, 2010 (BR-MBD)
D & L Brokerage Inc. D/B/A First Option Equities
236 Remsen Avenue, Brooklyn, NY 11212 1352
Branch Offices:
238 Remsen Avenue, Brooklyn, NY 11211

April 29, 2010 (BR-MBD)
Mark W. O'Connell DBA Statewide Mortgage Assistance Company
12 Mountain Ledge Drive, Suite 3A, Wilton, NY 12831 2539

April 30, 2010 (BR-MBD)
Executive Mortgage Group, Inc.
24 Madison Avenue Extension, Suite 11, Albany, NY 12203

April 30, 2010 (BR-MBD)
Richmond County Mortgage Corp.
7448 Amboy Road, Staten Island, NY 10307

April 30, 2010 (BR-MBD)
Centex Capital Corp. D/B/A World One Financial
181-75 Tudor Road, Jamaica Estates, NY 11432 1446

April 30, 2010 (BR-MBD)
Home Equity Funding Corp.
1305 Middle Country Road, Suite 4, Selden, NY 11784 2554

April 30, 2010 (BR-MBD)
Mainstream Mortgage Company, L.L.C.
1036 7th Street North, St. Petersburg, FL 33701 1564

April 30, 2010 (BR-MBD)
United Capital Lenders, LLC D/B/A UCL Home
1310 Industrial Boulevard, Suite 202, Southampton, PA 18966

May 03, 2010 (BR-MBD)
Park Avenue Mortgage Group, Inc.
370 Lexington, Suite 2208, New York, NY 10017 3573
Branch Offices:
2487 Montauk Highway, P.O. Box 2192, Bridgehampton, NY 11932

May 04, 2010 (BR-MBD)
Family Mortgage Network, Inc.
125 Route 25A, Rocky Point, NY 11778
Branch Offices:
618 Montauk Highway, East Hampton, NY 11930

May 04, 2010 (BR-MBD)
Benzion Blum
1454 45th Street, Brooklyn, NY 11219 2243

May 04, 2010 (BR-MBD)
Nateast USA Real Estate Inc.
163-06 Hillside Ave., Jamaica, NY 11432

May 04, 2010 (BR-MBD)
Century Twenty Mortgage, Inc.
258 South Broadway, Hicksville, NY 11801 2533

May 04, 2010 (BR-MBD)
United Funding Group Corp.
36-12 34th Avenue, Suite 300, Astoria, NY 11106 1358

May 04, 2010 (BR-MBD)
Glenda M. Forde D/B/A Elite Financing
373 Atlantic Avenue, Brooklyn, NY 11217 1701

May 04, 2010 (BR-MBD)
Omega Financial Services, Inc.
1872 Morris Avenue, Union, NJ 07083

May 04, 2010 (BR-MBD)
J.M. Capital Group LLC
229 7th Street, Suite 205, Garden City, NY 11530

May 04, 2010 (BR-MBD)
Tripoint Mortgage Group, Inc.
4645 Ruffner Street, #M, San Diego, CA 92111 2249

May 04, 2010 (BR-MBD)
APM Realty NY Inc.
2 Skillman Street, Suite 216, Brooklyn, NY 11205 1549


Mortgage Broker Certificate Address Changes:

May 03, 2010 (BR-MBD)
Garofalo Mortgage Corporation d/b/a Spirit of America Mortgage
From: 1940 Commerce Street, Suite 307, Yorktown Heights, NY 10598
To: 44 Palen Road, Hopewell Junction, NY 12533 5845

May 03, 2010 (BR-MBD)
Ultra Mortgage, L.L.C.
From: 50 South Maple Avenue, Suite 200, Marlton, NJ 08053
To: 3003 Lincoln Drive West, Suite B, Marlton, NJ 08053 1526

May 04, 2010 (BR-MBD)
1st Albany Mortgage, LLC D/B/A First Albany Mortgage
From: 26 Vly Road, Suite 300, Albany, NY 12205
To: 125 Wolf Road, Suite 504, Albany, NY 12205 1251

May 05, 2010 (BR-MBD)
The Cobblestone Group of Connecticut In Lieu of True Name The Cobblestone Group D/B/A
Additional DBA(S): Ladd Financial

From: Five Sylvan Road South, Westport, CT 06880
To: 724 Danbury Road, Ridgefield, CT 06877 2743


Mortgage Banker Branch License Address Changes:

May 03, 2010 (MB-MBD)
Flaherty Funding Corporation
From: 16 East Castle Street, Geneva, NY 14456
To: 900 Perinton Hills Office Park, Suite 980, Fairport, NY 14450

May 03, 2010 (MB-MBD)
Flaherty Funding Corporation
From: 286 Genesee Street, Suite 10, Utica, NY 13502
To: 1086 New Loudon Road, Suite 101, Cohoes, NY 12047

May 05, 2010 (MB-MBD)
Flaherty Funding Corporation
From: Five East Market Street, Corning, NY 14830
To: 109 Fourth Street, Watkins Glen, NY 14891


THERE ARE NO SECTION III ITEMS THIS WEEK.


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