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New York State Department of Financial Services

Weekly Bulletin
September 23, 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.

NOTE

The Weekly Bulletin formerly gave notice, in Section III, of applications filed by federally-chartered institutions (banks and thrifts) for new branches to be located in New York received from the Office of the Comptroller of the Currency or The Office of Thrift Supervision (now part of the OCC).  Because the OCC no longer routinely sends copies of such applications to the Department, the Department has discontinued Section III.  Such information is available on the website of the OCC at http://www.occ.treas.gov/tools-forms/tools/licensing/weekly-bulletin-corp-apps-search.html(Searches may only be done on a state by state basis, and the results show applications of banks headquartered in that state.  Thus, to find information about New York branch proposals by federally-chartered institutions headquartered in other states, it is necessary to search the headquarters state.)

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
PF = 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

September 19, 2011 (TR-CRB)
CHEMUNG CANAL TRUST COMPANY
One Chemung Canal Plaza, Elmira, NY 14901

Bulletin item dated August 9, 2011, which appeared in the Weekly Bulletin dated August 12, 2011, advising of the receipt of an application for permission to change the location of branch office from 145 Wolf Road, Town of Colonie, Albany County, NY 12205 to 85 Wolf Road, Town of Colonie, Albany County, NY 12205, is amended to reflect the address of the proposed site as 65 Wolf Road, Town of Colonie, Albany County, NY 12205.


September 21, 2011 (TM-LFS)
AFRICA REMITTANCE COMPANY LLC U/A/N ARCMONEYTRANSFER
419 Lafayette Street – 2nd Floor, New York, NY 10003

A notification of a change of assumed name to “SikaCash” was received.

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


September 22, 2011 (SF-LFS)
CULPEPER HOLDINGS, LLC
1345 Avenue of the Americas, 46th Floor, New York, NY 10105

An application for a change of control of Security National Automotive Acceptance Corporation, an Article 11-B sales finance company under Section 492-a of the Banking Law, was received.

Before approval of the application the licensee will convert to an Ohio limited liability company, pursuant to the laws of Ohio, and will be renamed Security National Automotive Acceptance Company, LLC.

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:

September 20, 2011 (BR-MBD)
Applicant(s)
Paul F. Loewe
As: MLS Home Funding Inc.
4400 Nesconset Highway, Port Jefferson Station, NY 11776


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

September 20, 2011 (MB-MBD)
Full Service Branch
Mortgage Master, Inc.
1979 Marcus Avenue, Suite 210, Lake Success, NY 11042

September 20, 2011 (MB-MBD)
Full Service Branch
Generation Mortgage Company
926 Sunrise Highway, West Babylon, NY 11704


Application to establish a Mortgage Banker's Branch received for examination amended to read as follows:

From:
May 18, 2011 (MB-MBD)
Full Service Branch
Advisors Mortgage Group LLC
6276 Amboy Road, Suite 2A, Staten Island, NY 10309

To:
July 22, 2011 (MB-MBD)
Full Service Branch
Advisors Mortgage Group LLC
5926 Amboy Road, Staten Island, NY 10309


SECTION II

September 15, 2011 (TM-LFS)
CASHEDGE INC.
215 Park Avenue South – Suite 1300, New York, NY 10003

License to engage in the business of transmitter of money at 215 Park Avenue South, Suite 1300, New York, NY 10003 was surrendered.


September 15, 2011 (TR-FWB)
THE BANK OF NEW YORK MELLON
One Wall Street, New York, NY 10005

Approval given to change the location of branch office from Westend Duo, Bockenheimer Landstrasse 24, Frankfurt, Germany, to MesseTurm, Friedrich-Ebert-Anlage 49, Frankfurt, Germany, on or after September 16, 2011.


September 16, 2011 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

Approval given to change the location of branch office from Shoppers Food & Pharmacy, 857 East Fort Avenue, Baltimore, MD 21230 to 1725 Whetstone Way, Baltimore, MD 21230, on or after September 17, 2011.


September 19, 2011 (PF-LFS)
STANDARD FUNDING CORP.
335 Crossways Park Drive, Woodbury, NY 11797-2066

License to engage in business as a premium finance agency was surrendered.


September 19, 2011 (CC-LFS)
BAYCHESTER PAYMENT CENTER, LLC
1209 East 233rd Street, Bronx, NY 10466-3344

License to engage in business as casher of checks for the limited stations located at Muss Development LLC, 40-22 College Point Blvd, Flushing, NY 11354, and Crimson Construction Corp., World Trade Center – Tower One, New York, NY 10007 were surrendered.


September 20, 2011 (TR-CRB)
AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC
59 Maiden Lane, New York, NY 10038

Approval given to change the location of principal office from 59 Maiden Lane, Borough of Manhattan, City of New York 10038 to 110 Wall Street, Borough of Manhattan, City of New York 10005, on or after September 21, 2011.


September 20, 2011 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

Authorization issued to open and occupy a branch office at Bloomsburg University of Pennsylvania, 400 East 2nd Street, Town of Bloomsburg, Columbia County, PA 17815 for the limited purpose of opening accounts, on or after September 21, 2011.

(This branch is to be in operation periodically at this location.)


September 21, 2011 (BK-CRB)
THE WESTCHESTER BANK
2001 Central Park Avenue Yonkers, NY 10710

“Certificate of Amendment of the Organization Certificate of The Westchester Bank under Section 8005 of the Banking Law” was approved and filed in the Office of the Superintendent of Banks. 

The amendment provides for an increase in the number of authorized shares of common stock from 5.33 million shares to 7.5 million shares, all with a par value of $1.00 each share.


September 21, 2011 (SF-LFS)
RESPECT FINANCIAL, INC.
790 Burden Avenue, Troy, Rensselaer County, NY 12180

A license rider was issued for a change of location of an Article 11-B sales finance Company’s office from 888 Troy Schenectady Road, Latham, Albany County, NY 12110.


The following mortgage broker is no longer a New York State approved FHA Mortgage Loan Correspondent and may no longer originate loans as such:

September 15, 2011 (BR-MBD)
Executive Mortgage Group, Inc.
24 Madison Avenue Extension, Suite 11, Albany, NY 12203


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

From:
September 06, 2011 (MB-MBD)
Full Service Branch
Advisors Mortgage Group, L.L.C.
6276 Amboy Road, Suite 2A, Staten Island, NY 10309

From:
September 06, 2011 (MB-MBD)
Full Service Branch
Advisors Mortgage Group, L.L.C.
5926 Amboy Road, Staten Island, NY 10309


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

September 15, 2011 (BR-MBD)
Avrohom Becker
111 John Street, Suite 2500 N, New York, NY 10038 3101
Effective Date: September 13, 2011

September 16, 2011 (BR-MBD)
Qualified Mortgage Inc.
1258 49th Street, Suite 1, Brooklyn, NY 11219 3011
Effective Date: September 08, 2011

September 16, 2011 (BR-MBD)
Nelson Funding Services, LLC
4250 Veterans Highway, Holbrook, NY 11741
Effective Date: September 08, 2011


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

September 16, 2011 (BR-MBD)
Full Service Branch
American Dream Financial Corp.
180 South Broadway, Ground Floor, White Plains, NY 10601
Effective Date: September 15, 2011

September 16, 2011 (BR-MBD)
Full Service Branch
American Dream Financial Corp.
55 Old Turnpike Way, Suite 610, Nanuet, NY 10954
Effective Date: September 15, 2011


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

September 16, 2011 (MB-MBD)
Full Service Branch
Freedom Mortgage Corporation d/b/a Jefferson Home Mortgage and Loan
120 West Church Street, Bergenfield, NJ 07621
Effective Date: September 08, 2011

September 19, 2011 (MB-MBD)
Full Service Branch
Luxury Mortgage Corp.
2351 Hylan Boulevard, Suite 2A, Staten Island, NY 10306
Effective Date: September 15, 2011


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

September 16, 2011 (BR-MBD)
Nicholas Palumbo DBA The Money Express
52 Harrigan Road, Hopewell Junction, NY 12533

September 16, 2011 (BR-MBD)
Constant Capital, Inc.
38-08 Bell Blvd., Bayside, NY 11361 2080

September 19, 2011 (BR-MBD)
Flash Mortgage Solutions, Inc.
72-32 Broadway, Suite 301, Jackson Heights, NY 11372

September 20, 2011 (BR-MBD)
Myrtle M Baptiste DBA Infinite Resources
143 Willis Avenue, Mineola, NY 11501

September 20, 2011 (BR-MBD)
sConsultants, Inc. dba Blue Bay Mortgage
Additional DBA(s): Viva Mortgage
62 School Street, Suite B, Glen Cove, NY 11542

September 20, 2011 (BR-MBD)
Homequest Mortgage & Financial Services Corporation
250 Fulton Avenue, Suite 420, Hempstead, NY 11550

September 20, 2011 (BR-MBD)
Directcash Mortgage Services, Inc.
2730 Claudia Court, Bellmore, NY 11710

September 20, 2011 (BR-MBD)
Sterling Mortgage Corporation
91 Broadhollow Road, Suite 101, Melville, NY 11747 2503

September 20, 2011 (BR-MBD)
Altis Home Funding, Corp.
560 Route 303, Suite 218, Orangeburg, NY 10962 1329

September 20, 2011 (BR-MBD)
Academy Capital Corp.
4625 White Plains Road, Bronx, NY 10470 1612

September 20, 2011 (BR-MBD)
MLB Residential Mortgage, Ltd.
39 Peachtree Lane, Hicksville, NY 11801

September 20, 2011 (BR-MBD)
Tychor Mortgage Enterprises, Inc.
333 Sylvan Avenue, Suite 101, Englewood Cliffs, NJ 07632 2705


Application to assume active status as a registered mortgage broker pursuant to Article 12-D of the Banking Law approved:

September 16, 2011 (BR-MBD)
Long Street Home Equity Corp.
166-25 Powells Cove Blvd., Beechhurst, NY 11357
Effective Date: September 16, 2011


Mortgage Broker Certificate Address Changes:

September 20, 2011 (BR-MBD)
Yevgeny Primazon D/B/A Prim Company
From: 250 Nassau Blvd., Garden City South, NY 11530
To: 136 South Main Street, Freeport, NY 11520 3846

September 20, 2011 (BR-MBD)
Washington Equities Mortgage Corp.
From: 101 Atlantic Avenue, Lynbrook, NY 11563
To: 336 Atlantic Avenue, 1st Floor, East Rockaway, NY 11518


Mortgage Banker Branch License Address Changes:

September 20, 2011 (MB-MBD)
US Mortgage Corporation DBA Mortgage Concepts
From: 255 Deer Park Avenue, Unit C, Babylon, NY 11702
To: 1 Huntington Quadrangle, Suite 3S02, Melville, NY 11747


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

Approved Date

NMLS

Name

City

State

Sponsor

July 22, 2011

148871

Michael Ryan Fithian

Bel Air

MD

New Day Financial, LLC

August 22, 2011

32872

Robert L Morgan

Livonia

NY

Nothnagle Home Securities Corp.

August 22, 2011

228283

Adam David Betz

Albany

NY

The Funding Store LLC

August 24, 2011

274441

Jyoti  Agarwala

North Bergen

NJ

Allied Mortgage Group, Inc.

August 25, 2011

494423

Jason Edward Elmore

Leroy

NY

Nothnagle Home Securities Corp.

August 25, 2011

645554

Karen Michelle Wiesner

Rochester

NY

Nothnagle Home Securities Corp.

August 25, 2011

291136

Sohail Iqbal Mahmud

Lewisville

TX

Nationstar Mortgage LLC

August 26, 2011

31780

Juan Carlos Morales

East Elmhurst

NY

THE MONEY SOURCE, INC.

August 27, 2011

255732

Rocio  Torres

Massapequa

NY

First Residential Mortgage Services Corporation

August 29, 2011

404474

Michael Paul Parisi

Wheatfield

NY

SYRACUSE SECURITIES INC.

August 29, 2011

79639

Gina  Besignano

Jackson

NJ

Crown Financial Services, Inc

August 29, 2011

377282

Michael Andrew Schultz

Edgewater Park

NJ

GMAC Mortgage, LLC

August 29, 2011

175535

Stephen Michael Davis

White Plains

NY

Residential Home Funding Corp.

August 29, 2011

337098

Anne  Foerderer

Floral Park

NY

Springleaf Home Equity, Inc.

August 29, 2011

156315

John Arthur Messer

Bayside

NY

CapitalPartners mc Incorporated

August 29, 2011

376112

Jeffrey Bryan Pullen

Ypsilanti

MI

Quicken Loans Inc.

August 29, 2011

299378

Dmitry  Gorodichev

New York

NY

Amerimax Capital LLC

August 29, 2011

91927

Richard Frank Cacciatore

Franklin Square

NY

Vanguard Funding LLC

August 29, 2011

192204

Jonathan Dale Appleton

Newark

DE

Springleaf Home Equity, Inc.

August 29, 2011

32778

Lisa Marie Fendelet

Livonia

MI

One Reverse Mortgage, LLC

August 29, 2011

121530

Jennifer Anne Pilla

E. Setauket

NY

US Mortgage Corporation

August 29, 2011

147853

Charles D Gerth

Horsham

PA

Residential Home Funding Corp.

August 29, 2011

478240

Mark Steven Fisher

Bronx

NY

United Northern Mortgage Bankers Limited

August 29, 2011

31501

Alfred  Masino

Webster

NY

Guaranteed Home Mortgage Company, Inc.

August 29, 2011

115148

Charles Damien Valentin

Columbus

OH

Residential Finance Corporation

August 29, 2011

530569

Louis M Kosko

New Rochelle

NY

United Northern Mortgage Bankers Limited

August 29, 2011

615883

Jeffrey S. Buder

New Rochelle

NY

United Northern Mortgage Bankers Limited

August 29, 2011

255876

Matthew Joseph Bollitier

Lasalle

 

Quicken Loans Inc.

August 29, 2011

107325

Gavin C Luckman

Huntington

NY

US Mortgage Corporation

August 29, 2011

612487

Richard  Delisi

Monroe

NY

Rand Mortgage LLC

August 29, 2011

276978

Sarah  Lane

Freeport

NY

Cliffco, Inc.

August 29, 2011

373348

Vernon Michael Pierce

Stony Brook

NY

State Farm Bank, F.S.B.

August 29, 2011

63857

Vincent  Aldorasi

Rockville Centre

NY

Contour Mortgage Corporation

August 29, 2011

271453

Ruth Adrianna Alexandria

Lewisville

TX

Nationstar Mortgage LLC

August 29, 2011

373534

Perry Ross Karen

Cherry Hill

NJ

PHH Mortgage Corporation

August 29, 2011

188455

Rafael  Latimer

Brooklyn

NY

Intercontinental Capital Group, Inc.

August 29, 2011

86769

Beau Anthony Prieto

San Bernardino

CA

Home Loan Center, Inc.

August 29, 2011

199427

Zachary Arthur Meier

Bourbonnais

IL

Triad Financial Services, Inc.

August 29, 2011

199472

Erik Von Burriss

Mokena

IL

Triad Financial Services, Inc.

August 29, 2011

267020

Rebecca  Guznack

Dearborn

MI

Quicken Loans Inc.

August 29, 2011

222379

Jonathan A Adwar

Smithtown

NY

Intercontinental Capital Group, Inc.

August 29, 2011

202901

Moti  Seoparson

Floral Park

NY

First Residential Mortgage Services Corporation

August 30, 2011

184582

Hoon Jae Moon

Scottsdale

AZ

Quicken Loans Inc.

September 1, 2011

198268

Robert Wayne Antaya

Northville

MI

Quicken Loans Inc.

September 1, 2011

389574

Mark Edward Sekel

Marlton

NJ

PHH Mortgage Corporation

September 1, 2011

130142

James Thomas Brooks Jr.

Bear

DE

GMAC Mortgage, LLC

September 1, 2011

332871

Salisha  Mohammed Ali

Elmhurst

NY

Progress Funding Inc

September 1, 2011

404358

Kennedy Anand Mykoo

Arverne

NY

Prospect Mortgage, LLC

September 1, 2011

616771

Jamie Bridget Conlon-Silverman

Old Westbury

NY

US Mortgage Corporation

September 1, 2011

312332

Jen  Chao

Douglaston

NY

Summit Mortgage Bankers, Inc.

September 1, 2011

165693

Neal  D'Alessio

Stamford

CT

Ameritrust Mortgage Bankers, Inc.

September 1, 2011

457543

Anthony  Castelli

Smithtown

NY

US Mortgage Corporation

September 1, 2011

396778

Lowell O Benjamin Jr

Rochester

NY

Premium Mortgage Corp.

September 8, 2011

65183

Joseph William Petry

Watervliet

NY

Freedom One Funding, Inc.


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