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Weekly Bulletin
April 15, 2011

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:

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 7, 2011 (LL-LFS)
AMERICAN GENERAL FINANCIAL SERVICES, INC.
601 N.W. Second Street, Evansville, IN  47701

Notification received for a change of name to Springleaf Financial Services of New York, Inc.

The publication of receipt of this notification does not indicate that the notification is deemed complete.  A notification of a change of name of a licensed lender company is deemed complete and filed when all required and requested information has been provided to the Department by the licensee.
 

April 11, 2011 (TR-CRB)
FIVE STAR BANK
55 North Main Street, Warsaw, NY 14569

Notice of intention to close branch office at 3249 Union Street, North Chili, Town of Chili, Monroe County, New York 14514, received.

The comment period on this notice will expire May 16, 2011.

April 11, 2011 (TM-LFS)
SOFTGATE SYSTEMS, INC.
330 Passaic Avenue, Fairfield, NJ 07004

Amendment of an application for a license to engage in the business of a transmitter of money, pursuant to Article XIII-B of the Banking Law, published in the Weekly Bulletin of February 19, 2010, to reflect a change in name from IPP of America, Inc., 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.

April 12, 2011(LL-LFS)
ONEMAIN FINANCIAL, INC.
300 St. Paul Place, Baltimore, MD 21202

Application for a license to engage in business as a licensed lender 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. 

Application to engage in the business of a Mortgage Banker under Article 12-D of the New York State Banking Law received for examination corrected to read as follows:
From:
August 4, 2010(MB-MBD)
Applicant(s)
Jordan D. Dorchuck
David M. Friedman
Robert L. Love, Jr.
Mark S. Zeidman
WLR Recovery Fund IV, LP
WLR AHM Co-Invest, LP
WLR IV Parallel Esc. LP
WLR/GS Master Co-Investment, LP
WLR Recovery Fund III, LP
As: AHMLSI
In Lieu of True Name American Home Mortgage Lending Solutions, Inc.
4600 Regent Blvd., Irving, TX 75063

To:
April 7, 2011 (MB-MBD)
Applicant(s)
Jordan D. Dorchuck
David M. Applegate
Robert L. Love, Jr.
Mark S. Zeidman
WLR Recovery Fund IV, LP
WLR AHM Co-Invest, LP
WLR IV Parallel Esc. LP
WLR/GS Master Co-Investment, LP
WLR Recovery Fund III, LP
As: AHMLSI
In Lieu of True Name American Home Mortgage Lending Solutions, Inc.
4600 Regent Blvd., Irving, TX 75063

Application to establish a Mortgage Loan Servicer’s Branch received for examination:

April 11, 2011 (MLS-MBD)
Full Service Branch
Servis One, Inc. DBA BSI Financial Services
901 Calle Amanecer, Suite 150A, San Clemente, CA 92673

April 11, 2011 (MLS-MBD)
Full Service Branch
Servis One, Inc. DBA BSI Financial Services
3030 Hartley Road, Suite 310, Jacksonville, FL 32257

Article 12-E Applications received. Individuals listed may not engage in mortgage loan origination activities prior to the approval of their application for licensing.   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.

SECTION II

April 11, 2011 (TR-CRB)
CHEMUNG CANAL TRUST COMPANY
One Chemung Canal Plaza, Elmira, NY 14901
CAPITAL BANK & TRUST COMPANY
1375 Washington Avenue, Albany, NY 12206
 
The Superintendent of Banks has filed, pursuant to the provisions of Section 601-b of the Banking Law, as of 11:59 p.m., April 8, 2011, a Bank Plan of Merger, dated as of October 14, 2010, as amended, and other required documents, providing for the merger of Capital Bank & Trust Company with and into Chemung Canal Trust Company under the name of Chemung Canal Trust Company.

The following banking offices of Capital Bank & Trust Company have become branch offices of Chemung Canal Trust Company:

1375 Washington Avenue, Albany, Albany County, NY 12206

145 Wolf Road, Town of Colonie, Albany County, NY 12205

594 Loudon Road, Latham, Town of Colonie, Albany County, NY 12110

1365 New Scotland Road, Slingerlands, Town of Bethlehem, Albany County, NY 12159

7 Southside Drive, Town of Clifton Park, Saratoga County, NY 12065

April 11, 2011 (LL-LFS)
CITIFINANCIAL, INC. 
300 St. Paul Place, Baltimore, MD 21202
 
License to engage in business as a licensed lender at 1001 North Street, Endicott, NY 13760 was surrendered.

April 11, 2011 (CC-LFS)
PLS CHECK CASHERS OF NEW YORK, INC.
729 4th Avenue, Brooklyn, NY 11232

A license was issued to engage in business as a licensed casher of checks at 168 Nagle Avenue, New York, NY 10040.

April 12, 2011 (TM-LFS)
IME NEW YORK INC.
363 – 7th Avenue, Room 1500, New York, NY 10001
 
Application for the Superintendent’s prior approval of a change of control of Remesas Pujols Corp. a licensed money transmitter has been approved.

April 14, 2011, 2011 (TR-CRB)
CAPITAL BANK & TRUST COMPANY
1375 Washington Ave, Albany, NY 12206

Capital Bank & Trust Company, Albany, NY merged with and into Chemung Canal Trust Company, Elmira, NY, effective as of April 11, 2011.

April 14, 2011, 2011 (HC-CRB)
FORT ORANGE FINANCIAL CORPORATION
1375 Washington Ave, Albany, NY 12206

Fort Orange Financial Corporation, Albany, NY merged with and into Chemung Financial Corporation, Elmira, NY, effective as of April 11, 2011.

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

April 06, 2011 (MB-MBD)
Reliance First Capital, LLC
270 South Service Road, Suite 25, Melville, NY 11747 2399

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

April 11, 2011 (MB-MBD)
Full Service Branch
Cardinal Financial Company, LP
39 Avenue at the Commons, Suite 101, Shrewsbury, NJ 07702

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

April 12, 2011 (MB-MBD)
MortgageClose.com, Inc.
1600 North Broadway, Suite 500, Santa Ana, CA 92706

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

April 12, 2011 (BR-MBD)
Creative Mortgage
Brokerage Corporation
300 Rabro Drive, Suite 116, Hauppauge, NY 11788 4256
Effective Date: March 31, 2011

April 12, 2011 (BR-MBD)
Nathan R Wool D/B/A P M B C
475 South Oyster Bay Road, Plainview, NY 11803
Effective Date: March 31, 2011

April 12, 2011 (BR-MBD)
Paul Allen Thompson DBA First Shot Home Placement
1509 Atlantic Avenue, 1st Floor, Brooklyn, NY 11213
Effective Date: March 31, 2011

April 12, 2011 (BR-MBD)
Alumni Funding, LLC
1881 Western Avenue, Albany, NY 12203 6021
Effective Date: April 07, 2011

April 12, 2011 (BR-MBD)
Realty Service Consultants, Inc. D/B/A RSC Mortgages
1215 Montauk Highway, Oakdale, NY 11769 1434
Effective Date: March 31, 2011

April 12, 2011 (BR-MBD)
Hercules Capital LLC
1425 East Gun Hill Road, Bronx, NY 10469
Effective Date: April 07, 2011

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

April 08, 2011 (BR-MBD)
Full Service Branch
Panam Mortgage & Financial Services, Inc.
2064 New Hackensack Road, Poughkeepsie, NY 12603
Effective Date: April 06, 2011

April 12, 2011 (BR-MBD)
Full Service Branch
Alumni Funding, LLC
Three Franklin Square, Saratoga Springs, NY 12866
Effective Date: April 07, 2011

April 13, 2011 (BR-MBD)
Full Service Branch
Success Mortgage Inc.
39-07 Prince Street, Suite 6B, Flushing, NY 11354
Effective Date: April 11, 2011

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

April 07, 2011 (MB-MBD)
Full Service Branch
Vanguard Funding LLC
627 Horseblock Road, Farmingville, NY 11738
Effective Date: April 01, 2011

April 08, 2011 (MB-MBD)
Full Service Branch
Meridian Residential Capital LLC D/B/A First Meridian Mortgage
Additional DBA(S): Trump Financial
550 West Old Country Road, Suite 300, Hicksville, NY 11801
Effective Date: April 06, 2011

April 13, 2011 (MB-MBD)
Full Service Branch
Odyssey Funding LLC
27 Frost Lane, Lawrence, NY 11516
Effective Date: April 12, 2011

Mortgage Broker Certificate Name Changes:

April 11, 2011 (BR-MBD)
From: Uptown Equity Corp.
To: Statewide Capital Mortgage Corp.

Mortgage Broker Branch Certificate Address Changes:

April 13, 2011 (BR-MBD)
Primerica Financial Services Home Mortgages, Inc.
From: 400 West Main Street, Suite 201, Riverhead, NY 11901
To: 193 Montauk Highway, Suite B, Speonk, NY 11972

Mortgage Banker Branch License Address Changes:

April 11, 2011 (MB-MBD)
US Mortgage Corporation DBA Mortgage Concepts
From: 19 West Main Street, Smithtown, NY 11787
To: 70-17 37th Avenue, Suite 2F, Jackson Heights, NY 11372

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 its mortgage banker license, to settle violations of Section 38.2(e) of the General Regulations of the Banking Board and Section 130.1(b) of the General Business Law for running newspaper advertisements that utilized restricted words in an unauthorized assumed name. The Settlement Agreement terms and conditions include a fine of $5,000.00.

April 11, 2011(MB-MBD)
NFM, Consultants in lieu of true corporate name NFM, Inc.
505 Progress Drive, Suite 100-115, Linthicum, MD 21090

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:

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

SECTION lll

Application to open a new branch, received.