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New York State Department of Financial Services

Banking Division
Weekly Bulletin

December 27, 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.

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

December 20, 2013 (SB-CRB)
ULSTER SAVINGS BANK
280 Wall Street, Kingston, NY 12401

Notice of intention to close branch office at 318 Main Street, Saugerties, Ulster County, NY 12477, received.

The comment period on this notice will expire January 27, 2014.


December 24, 2013 (SB-CRB)
NEW YORK COMMUNITY BANK
136-65 Roosevelt Avenue, Flushing, NY 11354

Application dated December 19, 2013, for permission to open and occupy a branch office at 100 Duffy Avenue, Hicksville, Town of Oyster Bay, Nassau County, NY 11801, received.


December 24, 2013 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Application dated December 20, 2013, for permission to open and occupy a branch office at Bowie State University, 14000 Jericho Park Road, Bowie, Prince George's County, MD 20715 for the limited purpose of opening accounts, received.

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


December 26, 2013 (SB-CRB)
NEW YORK COMMUNITY BANK
136-65 Roosevelt Avenue, Flushing, NY 11354

Application dated December 23, 2013, for permission to open and occupy a branch office at 2875 Veterans Road, Borough of Staten Island, City of New York 10309, received.


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

December 18, 2013 (MB-MBD)
Full Service Branch
CitiFinancial Company U/F/N CitiFinancial Company (DE)
1102 Union Road, Southgate Place, West Seneca, NY 14224

December 24, 2013 (MB-MBD)
Full Service Branch
Cardinal Financial Company, LP D/B/A Sebonic Financial
444 Jacksonville Road, Warminster, PA 18974


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:

December 23, 2013 (MB-MBD)
Applicant(s)
Wakefield Investors LLC
Wakefield Partners GP LLC
To acquire interest in:
Cardinal Financial Company, LP D/B/A Sebonic Financial
444 Jacksonville Road, Warminster, PA 18974 4828


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 10, 2012

896634

Heather Sarah Pagano

Willington

CT

August 23, 2013

890347

Tony Joseph Agueci

North Tonawanda

NY

November 1, 2013

1112496

Wendy Jean Flihan

Utica

NY

December 6, 2013

20199

Hugh B Goldson

North Merrick

NY


SECTION II

October 25, 2013 (FR-FWB)
RBC Investor Services Bank S.A.
14,  Porte de France, L-4360 Esch-sur-Alzette,  Grand Duchy of Luxembourg

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


December 19, 2013 (FB-FWB)
CANARA BANK
112, J C Road, Bangalore – 560-002 India

Application, pursuant to Section 26 of the Banking Law, to establish and maintain a branch office in New York, approved.


December 24, 2013 (SB-CRB)
FAIRPORT SAVINGS BANK
45 South Main Street, Fairport, NY  14450

Notification received, in accordance with Supervisory Policy G 8, of the establishment of a representative office to be located at 97 Canal Landing Boulevard (Suite 5), Rochester, Monroe County, NY 14626.


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

December 24, 2013 (BR-MBD)
Full Service Branch
A.S.A.P. Mortgage Corp.
914 McLean Avenue, Store 1, Yonkers, NY 10704


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

December 24, 2013 (MB-MBD)
Full Service Branch
RoundPoint Mortgage Company
15825 Shady Grove Road, Suite 20, Rockville, MD 20850

December 24, 2013 (MB-MBD)
Full Service Branch
MCS Mortgage Bankers, Inc. DBA Wholesale Direct
26 Broadway, Suite 2800, New York, NY 10004

December 24, 2013 (MB-MBD)
Full Service Branch
Mortgage Enterprise, Ltd.
10 New King Street, Suite 101, White Plains, NY 10604

December 24, 2013 (MB-MBD)
Full Service Branch
Luxury Mortgage Corp.
78 Park Place, Suite 203, East Hampton, NY 11937

December 24, 2013 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
67 Walnut Avenue, Suite 107, Clark, NJ 07066


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

December 24, 2013 (MB-MBD)
Full Service Branch
Caliber Home Loans, Inc.
6031 Connection Drive, Suite 200, Irving, TX 75039
Effective Date: December 23, 2013


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

December 20, 2013 (BR-MBD)
Nicholas Palumbo DBA The Money Express
52 Harrigan Road, Hopewell Junction, NY 12533

December 23, 2013 (BR-MBD)
Homequest Mortgage & Financial Services Corp.
250 Fulton Avenue, Suite 420, Hempstead, NY 11550

December 23, 2013 (BR-MBD)
Galaxy Mortgage Funding Corp.
160-31 Union Turnpike, Fresh Meadows, NY 11366 1937

December 24, 2013 (BR-MBD)
Directcash Mortgage Services, Inc.
2730 Claudia Court, Bellmore, NY 11710


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

December 23, 2013 (BR-MBD)
Andrew Chamow DBA All Service Mortgage
17 Kristi Lane, Woodbury, NY 11797 2209
Effective Date: December 23, 2013


Mortgage Banker License Name Changes:

December 23, 2013 (MB-MBD)
From: New Day Financial, LLC

To: New Day Financial, LLC D/B/A New Day USA


Mortgage Broker Certificate Address Changes:

December 20, 2013 (BR-MBD)
NRF Funding Corp.
From: 9 South Long Beach Road, Rockville Centre, NY 11570
To: 265 Sunrise Highway, Suite 53, Rockville Centre, NY 11570 4912


Mortgage Banker License Address Changes:

December 20, 2013 (MB-MBD)
WEI Mortgage Corporation
From: 9707 Key West Avenue, Suite 110, Rockville, MD 20850
To: 2010 Corporate Ridge, Suite 750, McLean, VA 22102 7859


Mortgage Banker Branch License Address Changes:

December 20, 2013 (MB-MBD)
Sun West Mortgage Company, Inc.
From: 1 Indian Road, Suite 6, Denville, NJ 07834
To: 1055 Parsippany Boulevard, Suite 305, Parsippany, NJ 07054


Application approved pursuant to Section 594-b of the New York Banking Law and Part 418 of the Superintendent's Regulations for a control interest:

December 19, 2013 (MLS-MBD)
Applicant(s)
Citigroup Network Holdings, LLC
To acquire interest in:
Citimortgage, Inc.
1000 Technology Drive. O’Fallon, MO 63368

Approvals issued to engage in th, Suite 100, Brooklyn, NY 11236
Effective Date: November 27, 2013 e 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

March 8, 2012

113292

Mark Steven Lederman

Merrick

NY

East Coast Capital Corp.

December 19, 2013

446764

Yitzchok  Kraus

Monroe

NY

GFI Mortgage Bankers, Inc.


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