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Weekly Bulletin

March 2, 2012

SECTION I
This section records the receipt of applications and notices to the Banking Division of the Department of Financial Services.   Applications and notices received by Foreign and Wholesale Banks, Community and Regional Banks and Licensed Financial Services are listed in order of date of receipt; applications and notices received by Mortgage Banking 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 DEPARTMENT.
Any comment on, or objection to, any item contained in this Weekly Bulletin should be presented to the 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 Office of the General Counsel, New York State Department of Financial Services, One State Street, New York, New York 10004-1417 before the stated deadline or (b) transmitted by e-mail to Comments@dfs.ny.gov.This Weekly Bulletin may also be viewed online at the Department’s Web site at:  http://www.dfs.ny.gov

SECTION II
Section II records actions taken by the Superintendent of Financial Services, and other information concerning the activities of the Banking Division of the Department of Financial Services.  Actions relating to institutions supervised by Foreign and Wholesale Banks, Community and Regional Banks and Licensed Financial Services are listed in order of date of action; actions relating to institutions supervised by Mortgage Banking are listed at the end of Section II by type of action taken.

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 unit of the Department which has supervisory responsibility for the institution.  The following is a list of the codes and their meanings:


INSTITUTION CODES

BK

Bank

BP

Budget Planner

CC

Check Casher

CU

Credit Union

FA

Foreign Agency

FB

Foreign Branch

FR

Foreign Representative Office

HC

Holding Company

IC

Investment Company

LL

Licensed Lender

MK

Merchant Bank

MI

Miscellaneous

MB

Mortgage Banker

BR

Mortgage Broker

MS

Mortgage Servicer

PF

Premium Finance Agency

PB

Private Banker

SD

Safe Deposit Company

SF

Sales Finance Agency

SL

Savings and Loan Association

SB

Savings Bank

TM

Transmitter of Money

TR

Trust Company

REGULATORY UNIT CODES

CRB

Community and Regional Banks

CSD

Consumer Services

FWB

Foreign and Wholesale Banks

LFS

Licensed Financial Services

MBD

Mortgage Banking


SECTION l

February 27, 2012 (SB-CRB)
THE DIME SAVINGS BANK OF WILLIAMSBURGH
209 Havemeyer Street, Brooklyn, New York 11211

Application, pursuant to Section 412 of the Banking Law, for conversion of The Dime Savings Bank of Williamsburgh from a federal savings association to a state-chartered savings bank under the name of The Dime Savings Bank of Williamsburgh, received.


February 28, 2012 (BK-CRB)
CATSKILL HUDSON BANK
4438 Route 42 North, Thompson, NY 12701

Application dated February 10, 2012 for permission to change the location of branch office from 195 Lake Louise Marie Road, Rock Hill, Town of Thompson, Sullivan County, NY 12775 to 244 Rock Hill Drive, Rock Hill, Town of Thompson, Sullivan County, NY 12775, received.


February 29, 2012 (BK-CRB)
CMS BANK
40 East First Street, Mount Vernon, NY 10550

Organization Certificate received.

INCORPORATORS:

Thomas G. Ferrara, Pound Ridge, NY
John E. Ritacco, Waccabuc, NY
William V. Cuddy, Jr., White Plains, NY
Susan A. Massaro, Saddle River, NJ
Matthew G. McCrosson, Pleasantville, NY


February 29, 2012 (BK-CRB)
CMS BANK
40 East First Street, Mount Vernon, NY 10550
COMMUNITY MUTUAL SAVINGS BANK
40 East First Street, Mount Vernon, NY 10550

Application, pursuant to Section 601 of the Banking Law, to merge Community Mutual Savings Bank with and into CMS Bank (in formation), under the name CMS Bank, received.


February 29, 2012 (MI-CRB)
BERKSHIRE BANK
24 North Street, Pittsfield, MA  01201

Application dated February 24, 2012 for permission to open and occupy a branch office at 576 North Greenbush Road (Route 4), Town of North Greenbush, Rensselaer County, NY 12144, received.


February 29, 2012 (TM-LFS)
NOTEWORLD LLC U/A/N NOTEWORLD SERVICING CENTER
1001 Pacific Avenue, Suite 200, Tacoma, WA 98402 

Notification of changing its corporate and U/A/N name from NoteWorld LLC U/A/N NoteWorld Servicing Center to Mercord LLC U/A/N Mercord was 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.


March 1, 2012 (SF-LFS)
SNAAC GROUP HOLDINGS LLC
1345 Avenue of the Americas, 46th Floor, New York, New York County, NY 10105

CF SNAAC HOLDINGS LLC
1345 Avenue of the Americas, 46th Floor, New York, New York County, NY 10105

SNAAC INVESTORS LLC
1345 Avenue of the Americas, 46th Floor, New York County, New York, NY 10105

Application for an indirect change of control of Security National Automotive Acceptance Company, LLC, an Article 11-B sales finance company, under Section 492-a of the Banking Law, was received.

The publication of receipt of the application does not indicate that the application is deemed complete.  The application is deemed complete and filed when all required and requested information have been provided to the Department by the applicants.


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 23, 2012 (BR-MBD)
Applicant(s)
Edward William Kenmure, III
As: United Community Mortgage Corporation
35 Broad Street, Keyport, NJ 07735 1267

February 24, 2012 (BR-MBD)
Applicant(s)
Michael Monteforte
As: Helping Hand Mortgage, Inc.
480 Forest Avenue, Suite 527, Locust Valley, NY 11560 2118


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

February 27, 2012 (MB-MBD)
Applicant(s)
Robert Patrick Tagliareni
Justin M. Tagliareni
Jose R. Cruz
As: Lending Unlimited, L.L.C.
In Lieu of True Name Mortgage Unlimited, L.L.C.
222 Outwater Lane, Suite 4 B, Garfield, NJ 07026 2652


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 02, 2012 (BR-MBD)
Applicant(s)
Leslie D. Barry
To acquire interest in:
Mortgage Network LLC
635 Plank Road, Clifton Park, NY 12065


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

February 29, 2012 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
14 Main Street, Suite 201, Madison, NJ 07940

February 29, 2012 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
31 West Main Street, 2nd Floor, Freehold, NJ 07728

February 29, 2012 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
30 Church Street, Suite 220, Belmont, MA 02478

February 29, 2012 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
24 Arnett Avenue, Suite 105, Lambertville, NY 08530

February 29, 2012 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
1099 Wall Street West, Suite 137, Lyndhurst, NJ 07071

February 29, 2012 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
234 Main Street, Suites 202 & 203, Woodbridge, NJ 07095

February 29, 2012 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
14 Ridgedale Avenue, Cedar Knolls, NJ 07927


Mortgage Banker License Name Change Received:

February 27, 2012 (MB-MBD)
From: Homestead Financial Services, Inc.
To: Paragon Home Loans Inc.


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.

Date of Application

NMLS ID

Name of Applicant

City & State of Residence

May 25, 2010

260361

Vincent Sarrica

Staten Island

NY

May 25, 2011

355161

Charles David Kruse

Columbia

MO

May 25, 2011

361376

Tyler Reece Billington

Columbia

MO

July 25, 2011

540948

Anna Elizabeth Neal

Allen

TX

August 18, 2011

713778

Kyle Patrick-Benore Parsons

Dearborn

MI

August 19, 2011

799187

Steven Craig Lerner

Albany

NY

November 8, 2011

55928

Irene Eleanor Mark

Milford

MA

November 30, 2011

14591

Anthony Frederick Rizzello

Newtown

PA

December 9, 2011

836599

Daniel Andrew Scudieri

Mahopac

NY

January 12, 2012

129861

Ronald Joseph Miles

Westminster

MD

January 17, 2012

825584

Jonathan  Yunatanov

Great Neck

NY

February 28, 2012

460203

Justin  Pfeifer

Berkeley Heights

NJ


SECTION II

February 22, 2012 (CC-LFS)
BAYHURST CHECK CASHING SERVICE, INC.
8405 20th Avenue, Brooklyn, NY 11214

License to engage in business as casher of checks at 9014 4th Avenue, Brooklyn, NY 11209 was surrendered.


February 23, 2012 (BK-CRB)
AMALGAMATED BANK
275 Seventh Avenue, New York, New York 10001

A restated organization certificate entitled “Restated Organization Certificate of Amalgamated Bank under Section 8007 of the New York Banking Law” was approved and filed with the Office of the Superintendent of Banks on February 23, 2010.

Among other things, the certificate:

  • Reflects a change in the address of the Bank’s principal Office;
  • Increases the capital stock of the corporation from Twenty-Four Million Seven Hundred Thousand Dollars ($24,700,000) to Thirty-Seven Million Dollars ($37,000,000), representing the addition of one million two hundred thirty thousand (1,230,000) shares of Class A common stock of par value of Ten Dollars ($10);
  • Eliminates the preemptive rights of all shares of capital stock;
  • Eliminates the current classification of directors into three classes; and
  • Removes the requirement for the affirmative vote of holders of seventy-five percent of all Bank outstanding shares to take certain actions.

February 23, 2012 (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 three electronic facilities (automated teller machines) at 301 West 11th Street, Wilmington, New Castle County, DE 19801.


February 24, 2012 (CU-CRB)
MUNICIPAL CREDIT UNION
22 Cortlandt Street, New York, New York 10007

Application dated January 11, 2012 for permission to add an additional station at 134-66 Springfield Boulevard, Springfield, New York, approved.


February 29, 2012 (MI-CRB)
TRISTATE CAPITAL BANK
One Oxford Centre, Pittsburgh, PA 15219

Notification received, in accordance with Supervisory Policy G 8, of the establishment of a representative office to be located at 622 Third Avenue (Suite 2302), Borough of Manhattan, City of New York 10017.


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

February 23, 2012 (BR-MBD)
New Deal Mortgage Group LLC
190 North 10th Street, Unit #202, Brooklyn, NY 11211 9317


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

February 27, 2012 (MB-MBD)
SEFCU Services, LLC D/B/A SEFCU Mortgage Services
621 Columbia Street, Cohoes, NY 12047

February 28, 2012 (MB-MBD)
CCFCU Funding, LLC D/B/A Homeowners Advantage
453 New Karner Road, Albany, NY 12205 3821


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

February 27, 2012 (MB-MBD)
Full Service Branch
SEFCU Services, LLC D/B/A SEFCU Mortgage Services
200 Salina Meadows Parkway, Suite 120, North Syracuse, NY 13212

February 27, 2012 (MB-MBD)
Full Service Branch
SEFCU Services, LLC D/B/A SEFCU Mortgage Services
1 Kinderknoll Drive, Kinderhook, NY 12106

February 27, 2012 (MB-MBD)
Full Service Branch
SEFCU Services, LLC D/B/A SEFCU Mortgage Services
1131 Route 55, Lagrangeville, NY 12540


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

February 27, 2012 (BR-MBD)
Lee Ming Fong
11 East Broadway, Suite 14A, New York, NY 10038
Effective Date: February 23, 2012

February 27, 2012 (BR-MBD)
Winston Spencer Waters
671 East 43rd Street, Brooklyn, NY 11203
Effective Date: February 16, 2012

February 27, 2012 (BR-MBD)
Exclusive Capital Consultants, Inc.
527 Townline Road, Suite 304, Hauppauge, NY 11788 2833
Effective Date: February 10, 2012


Mortgage Banker License Address Changes:

February 27, 2012 (MB-MBD)
The Funding Source, LLC
From: 3200 Burnet Street, Syracuse, NY 13206
To: 906 Spencer Street, 2nd Floor, Syracuse, NY 13204


Mortgage Banker Branch License Address Changes:

February 24, 2012 (MB-MBD)
Meadowbrook Financial Mortgage Bankers Corp.
From: 2016 Grand Avenue, Suite 106, Baldwin, NY 11510
To: 700 Veterans Memorial Highway, Suite 100, Hauppauge, NY 11788


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

February 23, 2012 (BR-MBD)
New Deal Mortgage Group LLC
190 North 10th Street, Unit #202, Brooklyn, NY 11211 9317


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

February 27, 2012 (MB-MBD)
SEFCU Services, LLC D/B/A SEFCU Mortgage Services
621 Columbia Street, Cohoes, NY 12047

February 28, 2012 (MB-MBD)
CCFCU Funding, LLC D/B/A Homeowners Advantage
453 New Karner Road, Albany, NY 12205 3821


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

February 27, 2012 (MB-MBD)
Full Service Branch
SEFCU Services, LLC D/B/A SEFCU Mortgage Services
200 Salina Meadows Parkway, Suite 120, North Syracuse, NY 13212

February 27, 2012 (MB-MBD)
Full Service Branch
SEFCU Services, LLC D/B/A SEFCU Mortgage Services
1 Kinderknoll Drive, Kinderhook, NY 12106

February 27, 2012 (MB-MBD)
Full Service Branch
SEFCU Services, LLC D/B/A SEFCU Mortgage Services
1131 Route 55, Lagrangeville, NY 12540


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

February 27, 2012 (BR-MBD)
Lee Ming Fong
11 East Broadway, Suite 14A, New York, NY 10038
Effective Date: February 23, 2012

February 27, 2012 (BR-MBD)
Winston Spencer Waters
671 East 43rd Street, Brooklyn, NY 11203
Effective Date: February 16, 2012

February 27, 2012 (BR-MBD)
Exclusive Capital Consultants, Inc.
527 Townline Road, Suite 304, Hauppauge, NY 11788 2833
Effective Date: February 10, 2012


Mortgage Banker License Address Changes:

February 27, 2012 (MB-MBD)
The Funding Source, LLC
From: 3200 Burnet Street, Syracuse, NY 13206
To: 906 Spencer Street, 2nd Floor, Syracuse, NY 13204


Mortgage Banker Branch License Address Changes:

February 24, 2012 (MB-MBD)
Meadowbrook Financial Mortgage Bankers Corp.
From: 2016 Grand Avenue, Suite 106, Baldwin, NY 11510
To: 700 Veterans Memorial Highway, Suite 100, Hauppauge, NY 11788


Applications for licensing 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 residential property:

Date Application Withdrawn

NMLS ID

Name of Applicant

City & State of Residence

February 23, 2012

186776

Debbie Alexandra Birman

Placentia

CA

February 27, 2012

781690

Rebekah Bernice Greenberg

Scottsdale

AZ


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

Date of Approval

NMLS ID

Name of Applicant

City & State of Residence

Sponsoring Entity

June 2, 2010

45922

Kevin Lynn Wingate

Shady Shores

TX

Nationstar Mortgage LLC

February 24, 2012

17452

Glen Robert Didas

Webster

NY

Homestead Funding Corp.

February 24, 2012

589612

Sheryl J Bauer

Spencerport

NY

Homestead Funding Corp.

February 24, 2012

589663

Sherri  Forbes

Rochester

NY

Homestead Funding Corp.

February 24, 2012

8340

Nancy B Gascoyne

Williamsville

NY

Homestead Funding Corp.

February 29, 2012

210625

Danielle Kristine Hartigan

Long Beach

CA

Sun West Mortgage Company, Inc.