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Banking Division
Weekly Bulletin

September 13, 2013

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

For information on CRA applications and notices, please select this link.

SECTION II

This section 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

MB

Mortgage Banker

BP

Budget Planner

BR

Mortgage Broker

CC

Check Casher

MLS

Mortgage Servicer

CU

Credit Union

PF

Premium Finance Agency

FA

Foreign Agency

PB

Private Banker

FB

Foreign Branch

SD

Safe Deposit Company

FR

Foreign Representative Office

SF

Sales Finance Agency

HC

Holding Company

SL

Savings and Loan Association

IC

Investment Company

SB

Savings Bank

LL

Licensed Lender

TM

Transmitter of Money

MK

Merchant Bank

TR

Trust Company

MI

Miscellaneous

 

 

Regulatory Unit Codes

CRB

Community and Regional Banks

CSD

Consumer Services

FWB

Foreign and Wholesale Banks

LFS

Licensed Financial Services

MBD

Mortgage Banking


SECTION I

September 9, 2013 (MI-CRB)
INVESTORS BANK
101 JFK Parkway, Short Hills, NJ 07078

Application dated August 21, 2013 for permission to open and occupy a branch office at 268 Brighton Beach Avenue, Borough of Brooklyn, City of New York 11235, received.


September 12, 2013 (FR-FWB)
THE JOYO BANK, LTD.
5-5, Minami-machi 2-chome, Mito City, Ibaraki 310-0021, Japan

Application for a license to establish and maintain a representative office in the Borough of Manhattan, City of New York, received.


September 13. 2013
NORDEA BANK NORGE ASA
Oslo, Norway

Notice pursuant to Section 605.11 of the Banking Law of the intention to voluntarily close its New York branch located at 437 Madison Avenue, New York, New York 10022, received.

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

December 14, 2012

964808

Christian Claes Corin

Plandome

NY

January 25, 2013

217829

Biswajit  Mazumdar

Marlboro

NJ

April 17, 2013

118763

Timothy Andrew Lucas

Redmond

WA

June 6, 2013

989847

Scott Bruce Feiden

New City

NY

June 18, 2013

475967

Brent James Maxinoski

Laguna Niguel

CA

July 10, 2013

885018

Roberto  Rivera

Edgewater

NJ

July 12, 2013

757305

James Joseph Taylor

East Meadow

NY

July 23, 2013

1081938

Leonid  Vilgorin

Brooklyn

NY

July 25, 2013

964986

Timothy Justin Colon

Bronx

NY

August 8, 2013

68546

Jonathan Ernst Labella

Brooklyn

NY


SECTION II

September 4, 2013 (BK-CRB)
SAVOY BANK
1675 Broadway, New York, NY 10019

The Superintendent’s approval in principle of the “Certificate of Amendment of the Organization Certificate of Savoy Bank under Section 8005 of the Banking Law” was granted.

The amendment provides for an increase in the authorized amount of capital stock from 7,119,040 shares of common stock, par value $1.00 per share, to 10,389,070 shares of common stock, par value $1.00 per share.


September 9, 2013 (TM-LFS)
JOHNNY AIR CARGO, Inc.
69-04 Roosevelt Avenue, Woodside, NY 11377-2993

License to engage in business as a licensed transmitter of money was surrendered.


September 10, 2013 (SB-CRB)
NEW YORK COMMUNITY BANK
136-65 Roosevelt Avenue, Flushing, NY 11354

Authorizations granting permission to open and occupy branch offices at the following two locations, surrendered for cancellation:

  1. 2000 Galloping Hill Road, Building K-2, Kenilworth, Union County, NJ 07033; and
  2. 1011 Morris Avenue, Building U-4, Union, Union County, NJ 07083.

Offices discontinued as of August 30, 2013.


September 10, 2013 (LL-LFS)
SANTANDER CONSUMER USA INC. DBA SANTANDER AUTO FINANCE, DBA DRIVE FINANCIAL, DBA ROADLOANS, DBA CHRYSLER CAPITAL
8585 N. Stemmons Freeway, Suite 1100-N, Dallas, TX 75247

No objection given to the notification by Santander Consumer USA Inc. dba Santander Auto Finance, dba Drive Financial, dba Roadloans to change its name to Santander Consumer USA Inc. dba Santander Auto Finance, dba Drive Financial, dba Roadloans, dba Chrysler Capital on or after August 28, 2013.


September 10, 2013 (LL-LFS)
SANTANDER CONSUMER USA INC. DBA SANTANDER AUTO FINANCE, DBA DRIVE FINANCIAL, DBA ROADLOANS, DBA CHRYSLER CAPITAL
8585 N. Stemmons Freeway, Suite 1100-N, Dallas, TX 75247

Approval given to establish a branch office at 2701 High Point Oaks Drive, Suite 210, Lewisville, TX 75067.


September 11, 2013 (MI-CRB)
BERKSHIRE BANK
24 North Street, Pittsfield, MA  01201

Authorization granting permission to open and occupy a branch office at 20 Mall, 2080 Western Avenue, Town of Guilderland, Albany County, NY 12084, surrendered for cancellation.

Office discontinued as of March 1, 2013.


September 11, 2013 (BK-FWB)
MIZUHO BANK (USA)
1251 Avenue of the Americas, New York, NY 10020

The “Certificate of Amendment of the Organization Certificate of Mizuho Corporate Bank (USA) pursuant to Section 8005 of the Banking Law”, was approved and filed in the Office of the Superintendent of the New York State Department of Financial Services. The amendment provided for a change of the corporate name.


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 State residential property:

Date Application Withdrawn

NMLS ID

Name of Applicant

City & State of Residence

September 10, 2013

899961

Heather L O'Brien-Grasso

Runnemede

NJ


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

September 10, 2013

994239

David James Sallis

Carol Stream

IL

Prospect Mortgage, LLC


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

September 6, 2013 (MLS-MBD)
DEVAL LLC
1255 Corporate Drive, Suite 300, Irving, TX 75038


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

September 09, 2013 (MB-MBD)
Full Service Branch
1st Alliance Lending, LLC
300 East River Road, Suite 2, East Hartford, CT 06108

September 09, 2013 (MB-MBD)
Full Service Branch
GFI Mortgage Bankers, Inc.
84 Business Park Drive, Suite 203, Armonk, NY 10504

September 09, 2013 (MB-MBD)
Full Service Branch
Franklin American Mortgage Company
681 Andersen Drive, Suite 620, Pittsburgh, PA 15209


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

September 09, 2013 (MLS-MBD)
Full Service Branch
Kyanite Financial Business Services, Inc.
14523 SW Millikan Way, Suite 200, Unit 262, Beaverton, OR  97005

September 09, 2013 (MLS-MBD)
Full Service Branch
Kyanite Financial Business Services, Inc.
4600 25th Avenue NE, Suite 160, Unit 3-113, Salem, OR  97301


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

September 09, 2013 (MB-MBD)
Full Service Branch
Household Finance Realty Corporation of New York
725 Industrial Boulevard, London, KY 40741
Effective Date: September 06, 2013

September 09, 2013 (MB-MBD)
Full Service Branch
Beneficial Homeowner Service Corporation
725 Industrial Boulevard, London, KY 40741
Effective Date: September 06, 2013

September 09, 2013 (MB-MBD)
Full Service Branch
GFI Mortgage Bankers, Inc.
78 Park Place, Suite 203, East Hampton, NY 11937
Effective Date: September 03, 2013

September 11, 2013 (MB-MBD)
Full Service Branch
PHH Mortgage Corporation D/B/A PHH Mortgage Services
Additional DBA(S): Instamortgage.com
Mortgagesave.com
Coldwell Banker Mortgage
ERA Mortgage
Century21 Mortgage
Domain Distinctive Property Finance
8950 Cal Center Drive, Suite 202, Sacramento, CA 95826
Effective Date: September 06, 2013

September 11, 2013 (MB-MBD)
Full Service Branch
Guaranteed Home Mortgage Company Inc.
Aspen Corporate Park II 1460 Rte.9 No. Suite #302, Woodbridge, NJ 07095
Effective Date: September 06, 2013


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

September 09, 2013 (MLS-MBD)
Full Service Branch
HSBC Mortgage Services Inc.
725 Industrial Boulevard, London, KY  40741
Effective Date:  September 06, 2013


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

September 05, 2013 (BR-MBD)
Mortgage Security, Inc.
31 Teaticket Highway, Suite 2-7, East Falmouth, MA 02536

September 06, 2013 (BR-MBD)
Constance Fay Klein
2442 Merrick Road, Bellmore, NY 11710 5704

September 11, 2013 (BR-MBD)
Northeastern Group Ltd.
695 Hempstead Turnpike, Franklin Square, NY 11010

September 11, 2013 (BR-MBD)
Ace Home Funding Corp.
466 Maple Avenue, Westbury, NY 11590 3465

September 11, 2013 (BR-MBD)
American Capital Mortgage, Inc
439 Main Street, Suite 202, Orange, NJ 07050

September 11, 2013 (BR-MBD)
AJM Funding Corp.
2303 Grand Avenue, Suite 200A, Baldwin, NY 11510 3168

September 11, 2013 (BR-MBD)
Dalco Financial Services Inc.
120 Stevens Avenue, Mount Vernon, NY 10550 2605


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

September 05, 2013 (BR-MBD)
Bluestone Mortgage Corp.
70 Karol Place, Jericho, NY 11753 1321
Effective Date: September 05, 2013


Mortgage Broker Certificate Address Changes:

September 09, 2013 (BR-MBD)
Block Financial Resources LLC
From: 6 East 39th Street, Suite 705, New York, NY 10016
To: 20 West 38th Street, Suite 204, New York, NY 10018 6371


The following registered mortgage broker has entered into a Settlement Agreement with the Department in lieu of a hearing for a fine or revocation of its mortgage broker registration, to settle the violation of Section 1301(a) of the New York Business Corporation Law and Supervisory Procedure MB 102.1(c)(1).  The Registrant conducted mortgage activities in connection with properties located in New York during the period when its authority to conduct business in New York was terminated.  Furthermore, the Registrant failed to notify the Department of the termination of its corporate authority in New York in violation of Supervisory Procedure MB 102.1(c)(1). The Settlement Agreement terms and conditions include a fine of $5,000 payable in twelve monthly installments.

September 10, 2013 (BR-MBD)
L.B.A. Mortgage Services, Inc.  
3504 Park Avenue, Weehawken, NJ 07086


The following registered mortgage broker has entered into a Settlement Agreement with the Department in lieu of a hearing for a fine or revocation of its mortgage broker registration, to settle the violation of Section 1301(a) of the New York Business Corporation Law.  The Registrant conducted mortgage activities in connection with properties located in New York during the period when its authority to conduct business in New York was terminated.  Furthermore, the Registrant failed to notify the Department of the termination of its corporate authority in New York in violation of Supervisory Procedure MB 102.1(c)(1). The Settlement Agreement terms and conditions include a fine of $5,000 payable in ten monthly installments.

September 10, 2013 (BR-MBD)
PFS, Inc.
177 North Street, Easton, CT 06612