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New York State Department of Financial Services

Banking Division
Weekly Bulletin

April 11, 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

APRIL 3, 2014 (SF-LFS)
ALLY FINANCIAL INC
200 Renaissance Center, Wayne County, Detroit, MI 48265

A notification of change of a sales finance location from 12850 West Gran Bay Parkway #100, Duval County, Jacksonville, FL 32258 to 7159 Corklan Drive #200, Duval County, Jacksonville, FL 32258 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.


April 8, 2014 (SB-CRB)
RIDGEWOOD SAVINGS BANK
71-02 Forest Avenue, Ridgewood, NY  11385

Notice of intention to establish an electronic facility (automated teller machine) at Newsday's "Press Play Concert," Newsday Headquarters, 235 Pinelawn Road, Melville, Town of Huntington, Suffolk County, NY 11747, received.

(This is a mobile facility which is to operate on July 12, 2014--with a July 13, 2014, rain date--and annually thereafter at the above event.)


April 8, 2014 (SB-CRB)
RIDGEWOOD SAVINGS BANK
71-02 Forest Avenue, Ridgewood, NY  11385

Notice of intention to establish an electronic facility (automated teller machine) at Newsday's "Flick and Treat," Newsday Headquarters, 235 Pinelawn Road, Melville, Town of Huntington, Suffolk County, NY 11747, received.

(This is a mobile facility which is to operate on October 18, 2014--with an October 19, 2014, rain date--and annually thereafter at the above event.)


April 11, 2014 (LL-LFS)
SPRINGLEAF HOLDINGS, INC.
601 N.W. Second Street, Evansville, IN  47708     

Application received for a change of control.  Springleaf Holdings, Inc. is acquiring 100% indirect ownership of licensee Springleaf Financial Services of New York, Inc., located at 601 N.W. Second Street, Evansville, IN  47708.

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 Banker under Article 12-D of the New York State Banking Law received for examination:

April 09, 2014 (MB-MBD)
Applicant(s)
Francis Xavier Lamparello
Joni Lamparello
Salvatore Cefalu
Frank Dennis Porco
Bentley Family Funding, LLC
As: MLB Residential Lending, LLC
merce Street, Suite 101, Springfield, NJ 07081 3014


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

November 18, 2013

1041995

Trevor John Rowe

Doylestown

PA

November 25, 2013

35379

Christopher M. Rand

West Harvrestraw

NY

January 6, 2014

3494

David  O'Neill

Lynbrook

NY

January 15, 2014

244814

Maureen Catherine Jette

North Babylon

NY

January 16, 2014

50146

Sharon Kay Meves

Irvine

CA

January 20, 2014

345730

John E. Lewandowski

Freehold

NJ

January 21, 2014

176180

Gregg Weisenberg

Long Beach

NY

January 23, 2014

379296

Elmer Joseph Esquibel

Parker

CO

January 28, 2014

368275

Mark A Mahoney

Poughkeepsie

NY

January 28, 2014

433657

Marie  Herrero

White Plains

NY

February 14, 2014

37316

Michael Benjamin Rappaport

Mount Sinai

NY

February 18, 2014

1073158

Ari  Hofstatter

Waterbury

CT

February 21, 2014

1125746

Promise Victoria Jackson

Columbia

MO


SECTION II

March 18, 2014 (CC-LFS)
PLS CHECK CASHERS OF NEW YORK, INC.
40-35 Junction Blvd., Corona, NY 11368

License to engage in business as casher of checks was surrendered for the location at 4722 Avenue D, Brooklyn, NY 11203.


April 1, 2014 (LL-LFS)
ADVANTAGE FUNDING COMMERCIAL CAPITAL CORP.
1111 Marcus Avenue – Suite M27, Lake Success, NY 11042

Application for a license to engage in business as a licensed lender was approved.


April 1, 2014 (LL-LFS)
ONEMAIN FINANCIAL HOLDINGS, INC.
300 St. Paul Place, Baltimore, MD  21202

Application approved for a change of control.  OneMain Financial Holdings, Inc. is acquiring 100% direct ownership of licensee OneMain Financial, Inc. located at 300 St. Paul Place, Baltimore, MD  21202 was approved.


April 1, 2014 (CC-LFS)
NY COMMUNITY FINANCIAL, LLC 
560 Sylvan Avenue, Englewood Cliffs, NJ 07632

License to engage in business as casher of checks for the limited station servicing Workmen’s Circle Home WeCare, Inc. d/b/a Workmen’s Circle Multicare Center located at 3155 Grace Avenue, Bronx, NY 10469 was surrendered.


April 1, 2014 (CC-LFS)
REGINA CHECK CASHING CORP. 
739 West Nyack Road, West Nyack, NY 10994

Licenses to engage in business as casher of checks for the branch located at 228 East 14th Street, New York, NY 10003 and 375 Windsor Highway-Suite 300, New Windsor, NY 12553, and the limited station servicing Bendinger & Schlesinger, Inc. located at 140 58th Street, Suite 8D, Brooklyn, NY 11220 were surrendered.


April 2, 2014 (CC-LFS)
CASH TRANSACTIONS, INC.
25-08 Bridge Plaza South, Long Island City, NY 11101

License to engage in business as casher of checks was surrendered for the location at 850 East 180th Street, Bronx, NY 10460.


April 3, 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. 4564 Main Street, Town of Amherst, Erie County, NY 14226; and
  2. Tops Markets Inc., 3507 Mount Read Boulevard, Town of Greece, Monroe County, NY 14616.

April 7, 2014 (BK-CRB)
THE WESTCHESTER BANK
2001 Central Park Avenue, Yonkers, NY 10710

Authorization issued to open and occupy a branch office at 53 South Moger Avenue, Mount Kisco, Westchester County, NY 10549, on or after April 8, 2014.


April 7, 2014 (CC-LFS)
J.C.G. CHECK CASHING CORP. 
146-15 Jamaica Avenue, Jamaica, NY 11435

License to engage in business as casher of checks for the branch located at 98-55 63rd Road, Rego Park, NY 11374 was surrendered.


April 8, 2014 (FR-FWB)
THE JOYO BANK, LTD.
5-5, Minami-machi 2-chome, Mito City, Ibaraki Prefecture 310-0021, Japan

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


April 8, 2014 (CC-LFS)
METROPOLITAN  CHECKS CASHING CORP.
1343 Ogden Avenue, Bronx, NY 10452
Licenses to engage in business as casher of checks were surrendered for the locations at:

  • 1343 Ogden Avenue, Bronx, NY 10452
  • 1264 Amsterdam Avenue, New York, NY 10027

April 10, 2014 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

Notification received, in accordance with Supervisory Policy G 8, of the establishment of a representative office to be located at Woodland Falls Corporate Center, 210 Lake Drive East, Cherry Hill, Camden County, NJ 08002.


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

April 07, 2014 (MB-MBD)
Full Service Branch
US Mortgage Corporation
153C Post Avenue, Westbury, NY 11590

April 07, 2014 (MB-MBD)
Full Service Branch
Urban Financial Group, Inc. D/B/A Reverse It!
100 Penn Square East, Suite 1205, Philadelphia, PA 19107


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

April 09, 2014 (BR-MBD)
Schick-Rokeach
1091 East 22nd Street, Brooklyn, NY 11210
Effective Date: March 31, 2014

April 09, 2014 (BR-MBD)
Dae-Ki Min D/B/A Candy Mortgage Company
38 West 32nd Street - Suite 1600, New York, NY 10001 3816
Effective Date: March 28, 2014

April 09, 2014 (BR-MBD)
Flaherty Mortgage Placements, Inc. DBA Brown & Flaherty Mortgage Company
40-30 235th Street, Douglaston, NY 11362
Effective Date: March 31, 2014

April 09, 2014 (BR-MBD)
Majestic Funding Corp.
200 Corporate Plaza - Suite 104, Islandia, NY 11749
Effective Date: March 21, 2014

April 09, 2014 (BR-MBD)
Dyker Funding In Lieu of True Name Main Street Funding Corp.
25 North Main Street, Marlboro, NJ 07746 1439
Effective Date: March 27, 2014

April 09, 2014 (BR-MBD)
The Cobblestone Group of Connecticut In Lieu of True Name The Cobblestone Group
Additional DBA(S): Ladd Financial
Hamilton Ladd
724 Danbury Road, Ridgefield, CT 06877 2743
Effective Date: March 31, 2014

April 09, 2014 (BR-MBD)
Lake Forest Financial, Inc.
26672 Towne Centre Drive, Suite 310, Foothill Ranch, CA 92610 2828
Effective Date: March 21, 2014


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

April 09, 2014 (MB-MBD)
WCS Lending, LLC
951 Yamato Road, Suite 150, Boca Raton, FL 33431
Effective Date: March 31, 2014


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

April 09, 2014 (MB-MBD)
Full Service Branch
WCS Lending, LLC
24901 Northwestern Highway, Suite 110, Southfield, MI 48075
Effective Date: March 31, 2014

April 09, 2014 (MB-MBD)
Full Service Branch
WCS Lending, LLC
660 Madison Avenue, 12th Floor, New York, NY 10065
Effective Date: March 31, 2014

April 09, 2014 (MB-MBD)
Full Service Branch
WCS Lending, LLC
29 Locust Avenue, 1st floor, Rye, NY 10580
Effective Date: March 31, 2014

April 09, 2014 (MB-MBD)
Full Service Branch
Real Estate Mortgage Network, Inc. D/B/A Menlo Park Funding
2380A Ralph Avenue, Brooklyn, NY 11234
Effective Date: April 07, 2014

April 09, 2014 (MB-MBD)
Full Service Branch
WCS Lending, LLC
291 Carter Drive, Suite A, Middleton Prof. Center, Middleton, DE 19709
Effective Date: March 31, 2014


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

April 04, 2014 (BR-MBD)
Overall Mortgage Corp.
1438 42nd Street, Lower Level, Brooklyn, NY 11219


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

April 04, 2014 (BR-MBD)
Empire NY Funding LLC
136-56 39th Avenue, Suite 406, Flushing, NY 11354 5508
Effective Date: March 14, 2014


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

April 9, 2014

1117619

Jeremy Gerard Bednarz-Gray

Detroit

MI

Quicken Loans Inc.

April 9, 2014

621519

Shervin  Razmzan

Carrollton

TX

loanDepot.com, LLC

April 9, 2014

973418

Kyle Colby Cohen

Euless

TX

loanDepot.com, LLC

April 9, 2014

285259

Steven Kyle Franklin

Nashville

TN

loanDepot.com, LLC

April 9, 2014

121774

Drew Michael Becker

Franklin

TN

loanDepot.com, LLC

April 9, 2014

1049074

Sean Frederick Gremmer

Carrollton

TX

loanDepot.com, LLC

April 9, 2014

166498

Joseph  Spallino

Amityville

NY

Family Equity Solutions, Inc.

April 9, 2014

1104966

Tyler Howard Salmon

Lewisville

TX

loanDepot.com, LLC

April 9, 2014

1033824

Timothy Michael Engelhardt

Little Elm

TX

loanDepot.com, LLC

April 9, 2014

516902

Jeffrey Jerome Hall

Arlington

TX

loanDepot.com, LLC

April 9, 2014

896634

Heather Sarah Pagano

Willington

CT

ISGN Solutions, Inc.

April 9, 2014

261186

Richard Rey Salazar

Hoffman Estates

IL

Royal United Mortgage LLC

April 9, 2014

231417

Ramchandra J Mishra

Brooklyn

NY

US Mortgage Corporation


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