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New York State Department of Financial Services

Banking Division
Weekly Bulletin

March 7, 2014

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

February 27, 2014 (FR-FWB)
AGRICULTURAL BANK OF CHINA 
69 Jianguomen Nei Avenue, Dongcheng District, Beijing, China

Notice to voluntarily surrender representative office license at 45 Rockefeller Plaza, New York, NY 10111, received.


February 28, 2014 (BK-FWB)
BPD Bank.
90 Broad Street, New York, NY 10004

Application, pursuant to Section 605.8 of the Banking Law, to sell or convey more than 50% of its assets and to continue its operations and corporate existence, received. 


February 28, 2014 (BK-FWB)
BPD Bank.
90 Broad Street, New York, NY 10004

Grupo Popular Investments Corporation
111 Eighth Avenue, New York, NY 10011

Application, pursuant to Section 601 of the Banking Law, for the merger of BPD Bank with and into the non-bank affiliate Grupo Investments Corporation, received.  


January 28, 2014 (LL-LFS)
CARFINANCE CAPITAL LLC U/A/N CARFINANCE.COM
7525 Irvine Center Drive, Suite 250, Irvine, CA 92618

Application received to engage in business as a licensed lender company at the following branch location:

15001 F.A.A. Blvd., Suite 200, Ft. Worth, Texas  76155

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.


March 3, 2014  (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

Notice of intention to establish an electronic facility (automated teller machine) at The Burdett Building, 251 River Street, Troy, Rensselaer County, NY 12180, received.


March 3, 2014 (LL-LFS)
ONEMAIN FINANCIAL,INC.
619 Sunrise Highway Philips Plaza, Lynbrook, New York 11563.

Notification of change of a licensed lender business location from 619 Sunrise Highway Philips Plaza Lynbrook, New York 11563 to 1400 Old Country Road-Suite 100, Westbury, NY 11590 was received.

The publication 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.


March 6, 2014 (CC-LFS)
PLS CHECK CASHERS OF NEW YORK, INC.
40-35 Junction Blvd, Corona, NY 11368

Application for a license to engage in business as a licensed casher of checks was received in connection with the purchase of certain assets of Coqui Check Cashing Corp. at 144-43 Farmers Boulevard, Jamaica, NY 11434.

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.

Any comments or objections should be submitted in writing, within 10 business days, by March 21, 2014.


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 28, 2014 (MB-MBD)
Applicant(s)
Brett Joel Carter
David Jeff Margulies
Monica Rosemari Consentino-Benedict
Proficio Bank
NHB Holdings, Inc.
As: Proficio Mortgage Ventures, LLC
110 Hillcrest Street
Orlando, FL 32801 1210


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

July 18, 2012

124631

Patrick Joseph McHenry

South Burlington

VT

July 18, 2012

28670

William Dolbier

Shelton

CT

January 30, 2013

32151

Ronald Joseph Leonhardt

Brecksville

OH

September 10, 2013

1032847

Aubrie Lynn Mullison

Fountain Valley

CA

October 31, 2013

1069530

Matthew Ryan Mascolo

Sandy Hook

CT

November 18, 2013

148992

Joseph Anthony Cutaia

Rochester

NY

December 17, 2013

104270

Wilfred  Cancel

Bronx

NY

December 26, 2013

929947

Rachel Nicole Webb

North Ridgeville

OH

January 9, 2014

625943

Christopher  Lake

Henrietta

NY

January 9, 2014

598505

Amena Shaheed Khan

Astoria

NY

January 10, 2014

535336

Theresa M Ott

Irwin

PA

January 14, 2014

1147753

Gayla Lynn Thompson

Brooklyn

NY

January 16, 2014

16671

Paul M. Vassallo

Eden

NY

January 27, 2014

186514

Joseph  Goldman

Brooklyn

NY

January 27, 2014

67610

Judith Lynn Mcdowell

Wainscott

NY

January 29, 2014

1148645

Shannon Marie Miller

Richmondville

NY

January 30, 2014

947232

Ravishankar Arvinda Budhu

Jamaica

NY

February 6, 2014

1087580

Jason Andrew Wetzel

Grosse Ile

MI

February 6, 2014

1054090

Rebecca Eleanor Jobe

Macedonia

OH

February 6, 2014

984905

Darrell Nicolas Owenby

Mesa

AZ

February 6, 2014

318842

Chuangming  Chen

Edison

NJ

February 6, 2014

144708

Edward  Fallon

Aston

PA

February 6, 2014

885178

Tracey Ladawn Brame

Fishers

IN

February 7, 2014

1130636

Adam  Wert

San Juan Capistrano

CA

February 7, 2014

1140565

Alicia Najib Choucair

Dearborn

MI

February 7, 2014

1077076

Cody Mitchell Loose

Clio

MI

February 7, 2014

1054691

Adam Justin Saunders

Rochester

MI

February 10, 2014

1066442

Caitlin Elizabeth Wilson

Columbia

MO

February 10, 2014

1087341

Theodore Lawrence Potts

Farmington Hills

MI

February 10, 2014

966405

Neil  Dias

Roslyn

NY

February 10, 2014

1109208

Brian David Copeland

Columbia

MO

February 10, 2014

1097524

Jordan Christopher Sweet

Madison Heights

MI

February 10, 2014

449677

Amanda Adrienne Lakso

Columbia

MO

February 10, 2014

1142348

Joann Olivia Hernandez Zarowny

Maspeth

NY

February 10, 2014

19626

Frank Robert Mccormack

Massapequa

NY

February 10, 2014

739873

John Robert Morrison

Arlington

TX

February 10, 2014

1086993

Kenneth Leonard Gadberry

Lake Orion

MI

February 11, 2014

1140178

Chase James Kelly

Wayne

MI

February 11, 2014

1139963

Matthew Christopher Fier

Lakewood

OH

February 12, 2014

1051728

Molly Lucille Mckay Winkle

Columbia

MO

February 12, 2014

1136454

Gretchen Anne Trower

Columbia

MO

February 12, 2014

1116672

Matthew Oliver Van Ronzelen

Columbia

MO

February 12, 2014

1126722

Ryan  Lapree

Englewood

CO

February 12, 2014

395415

Elizabeth Hansen Thompson

Columbia

MO

February 12, 2014

1054280

James Thomas Ventura

Phoenix

AZ

February 12, 2014

1124064

Rachel  Cole

Aurora

CO

February 13, 2014

1140263

Kevin Martin Lass

Madison Heights

MI

February 13, 2014

1140470

Joshua Troy Scott

Detroit

MI

February 13, 2014

1140059

Daniel Joseph Hatala

Royal Oak

MI

February 13, 2014

1055205

Taylor Nicole Deppe

Columbia

MO

February 13, 2014

1011861

Jason Duane Sowders

Novi

MI

February 13, 2014

1120270

Shannon Marie Lilley

Columbia

MO

February 14, 2014

156600

Shawn Patrick Howard

Fisherville

KY

February 14, 2014

1121108

Michael Mchenry Patzius

Columbia

MO

February 14, 2014

1125549

Neisha Caroline Hairston

Columbia

MO

February 14, 2014

1126201

Koleen Carol Kay

Columbia

MO

February 14, 2014

836540

Andrew Steven Scott

Fountain Hills

AZ


SECTION II

February 20, 2014 (SF-LFS)
FOUNDATION FINANCE COMPANY LLC U/A/N FOUNDATION FIRST FUNDING LLC
700 Eagle Nest Blvd., Rothschild, Marathon County, WI 54474

License issued to engage in business as a sales finance company. 


February 25, 2014(LL-LFS)
CARFINANCE CAPITAL LLC U/A/N CARFINANCE.COM
7525 Irvine Center Drive – Suite 250, Irvine, CA 92618

License issued to reflect a change of headquarters location from 620 Newport Center Drive, Suite 1100, Newport Beach, CA 92660 to 7525 Irvine Center Drive, Suite 250, Irvine, CA 92618.


February 28, 2014 (TR-CRB)
AMALGAMATED BANK
275 Seventh Avenue, New York, NY 10001

Applicant notified in writing that no objection will be interposed to the establishment of an electronic facility (automated teller machine) at Democratic Properties Corporation, 430 South Capitol Street SE, Washington, DC 20003.


February 28, 2014 (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 electronic facilities (automated teller machines) at the following four locations:

  1. Shoppers Food & Pharmacy, 8048 Ritchie Highway, Pasadena, Anne Arundel County, MD 21122;
  2. Shoppers Food & Pharmacy, 7858 Quarterfield Road, Severn, Anne Arundel County, MD 21144;
  3. Shoppers Food & Pharmacy, 8212 Liberty Road, Baltimore, Baltimore County, MD 21244; and
  4. 4552 Edmondson Avenue, Baltimore, MD 21229.

March 4, 2014  (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

As provided in Section 28-c of the Banking Law, the New York State Department of Financial Services has found that the proposed closing of branch offices at the following two locations will not result in significant reductions of banking services in the communities to be affected:

  1. 2 Miron Lane, Town of Ulster, Ulster County, NY 12401; and
  2. Tops Markets Inc., 352 West Genesee Street, Auburn, Cayuga County, NY 13021.

March 5, 2014  (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Notification received of the closing of a representative office at 51 John F. Kennedy Parkway, Short Hills, Essex County, NJ 07078, effective February 28, 2014.


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

February 28, 2014 (MB-MBD)
PrimeLending, A PlainsCapital Company
18111 Preston Road, Suite 900, Dallas, TX 75252 6601


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, 2014 (MB-MBD)
Full Service Branch
PrimeLending, A PlainsCapital Company
612 Wheelers Farms Road, 1st Floor, Milford, CT 06461

February 27, 2014 (MB-MBD)
Full Service Branch
PrimeLending, A PlainsCapital Company
29 Bassett Kane #B, Hyannis, MA 02601

February 27, 2014 (MB-MBD)
Full Service Branch
PrimeLending, A PlainsCapital Company
33 Blair Park #202, Williston, VT 05495

February 27, 2014 (MB-MBD)
Full Service Branch
PrimeLending, A PlainsCapital Company
1717 West 6th Street, #340, Austin, TX 78703

February 27, 2014 (MB-MBD)
Full Service Branch
PrimeLending, A PlainsCapital Company
2000 South Winton Road, #1102, Brighton, NY 14618

February 27, 2014 (MB-MBD)
Full Service Branch
PrimeLending, A PlainsCapital Company
18111 Preston Road, No. 250, Dallas, TX 75252

February 27, 2014 (MB-MBD)
Full Service Branch
PrimeLending, A PlainsCapital Company
6702 Buckley Road, #140, Liverpool, NY 13088

February 27, 2014 (MB-MBD)
Full Service Branch
PrimeLending, A PlainsCapital Company
900 South Avenue, #21, Staten Island, NY 10314

March 04, 2014 (MB-MBD)
Full Service Branch
MCS Mortgage Bankers, Inc. DBA Wholesale Direct
150 Great Neck Road, Suite 102, Great Neck, NY 11021


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

February 27, 2014 (BR-MBD)
Frontline Funding Group, Inc.
88-21 192nd Street, Hollis, NY 11423 2033

February 27, 2014 (BR-MBD)
Yes Funding Corp.
1600 Calebs Path Extension, Suite 117, Hauppauge, NY 11788

March 03, 2014 (BR-MBD)
R.F.W. Financial Corp. D/B/A
Center State Mortgage
205 Highway 9, Freehold, NJ 07728 8561

March 05, 2014 (BR-MBD)
Abound Financial Group, Inc.
751-759 Allerton Avenue, Suite 201, Bronx, NY 10467 8818


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

February 28, 2014 (BR-MBD)
Ross Lelin DBA
The Mortgage Professionals
200 West Sunrise Highway, Freeport, NY 11520
Effective Date: February 28, 2014


Mortgage Broker Certificate Address Changes:

March 05, 2014 (BR-MBD)
Legacy Industries, Inc. D/B/A
Legacy Financial
From: 304 Atlantic Avenue, East Rockaway, NY 11518
To: 2873 Long Beach Road, Oceanside, NY 11572 3126

March 05, 2014 (BR-MBD)
Altisource Fulfillment Operations, Inc.
From: 2 City Place, Suite 90, St. Louis, MO 63141
To: 13736 Riverport Drive, Suite 420, Maryland Heights, MO 63043 4820

March 05, 2014 (BR-MBD)
My Community Broker Inc.
From: 360 Sunrise Highway, Suite E, West Babylon, NY 11704
To: 375 Commack Road, Suite 204, Deer Park, NY 11729 5515


Mortgage Banker License Address Changes:

March 04, 2014 (MB-MBD)
Meridian Residential Capital LLC D/B/A
First Meridian Mortgage
Additional DBA(S): Trump Financial
From: 2607-09 Nostrand Avenue, Brooklyn, NY 11210
To: 2329 Nostrand Avenue, 3rd Floor, Brooklyn, NY 11210

March 05, 2014 (MB-MBD)
Contour Mortgage Corporation
From: 1900 Hempstead Turnpike, Suite 206, East Meadow, NY 11554
To: 990 Stewart Avenue, Suite 660, Garden City, NY 11530 4853

March 05, 2014 (MB-MBD)
Total Group In Lieu of True Name
Total Mortgage Services, LLC
From: 326 West Main Street, Suite 105, Milford, CT 06460
To: 185 Plains Road, 3rd Floor, Milford, CT 06461


Mortgage Banker Branch License Address Changes:

March 05, 2014 (MB-MBD)
PHH Home Loans, LLC D/B/A Coldwell Banker Home Loans
Additional DBA(S): ERA Home Loans
Cartus Home Loans
From: 870-872 Scarsdale Avenue, Scarsdale, NY 10583
To: 6 Cedar Street, Dobbs Ferry, NY 10522


A hearing was held for the following registered mortgage broker on December 11, 2013 for violating Section 1005(a)(1) of the New York Business Corporation Law.  The Registrant entered into an Agreement at the hearing in lieu of revocation.   The Registrant failed to maintain its corporate status Active with the New York Department of State.  Furthermore, the Registrant failed to notify the Department of its dissolution of its corporate authority in New York in violation of Supervisory Procedure MB 102.1(c)(1).  The terms and conditions of the agreement made at this hearing include the following: the Registrant was given 45 days to reinstate its corporation with the New York Department of State and a $5,000 fine payable in ten monthly installments.  

December 11, 2013 (BR-MBD)
Abound Financial Group, Inc.   
751-759 Allerton Avenue, Suite 201, Bronx, NY 10467


Former licensed Mortgage Loan Originator Ramchandra J. Mishra has entered into a Settlement Agreement with the Department on February 27, 2014 to settle a violation of Part 420.20(a)(4) of the Superintendent's Regulations for operating an unauthorized website without prior approval of Superintendent.   The Settlement Agreement terms and conditions include a fine of $5,000.

February 28, 2014  (MLO-MBD)
Mr. Ramchandra J. Mishra


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

March 3, 2014

7768

Michael Frank Petruccelli

Wayne

NJ

Maverick Funding Corp.


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