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New York State Department of Financial Services

Banking Division
Weekly Bulletin

April 18, 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 (CU-CRB)
AMERICU CREDIT UNION
1916 Black River Boulevard, Rome, NY 13440

Application dated March 24, 2014 for permission to amend the bylaws to include the County of Cortland in their field of membership pursuant to Banking Law Section 451.2 (a) (5), received.

The comment period on this application will expire on May 19, 2014.


April 14, 2014 (TM-LFS)
JPAY, INC.
10981 Marks Way, Miramar, FL 33025

An application for a license to engage in the business of a transmitter of money, pursuant to Article XIII-B of the New York State Banking Law, was received.

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 New York State Banking Department by the applicant.


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

April 16, 2014 (MB-MBD)
Full Service Branch
Advisors Mortgage Group, L.L.C.
42-40 Bell Boulevard, Suite 402, Bayside, NY 11361

April 16, 2014 (MB-MBD)
Full Service Branch
PrimeLending, A PlainsCapital Company
1450 Route 300, Suite 201, Newburgh, NY 12550

April 16, 2014 (MB-MBD)
Full Service Branch
Silvermine Ventures, LLC D/B/A Thoroughbred Mortgage
4 Valley Raod, Suite 5A, Bronxville, NY 10701

April 16, 2014 (MB-MBD)
Full Service Branch
Silvermine Ventures, LLC D/B/A Thoroughbred Mortgage
1325 Route 55, Suite 1A, Lagrangeville, NY 12540

April 16, 2014 (MB-MBD)
Full Service Branch

Silvermine Ventures, LLC D/B/A Thoroughbred Mortgage
237 Mamaroneck Avenue, Suite 1A, White Plains, NY 10605

April 16, 2014 (MB-MBD)
Full Service Branch
Silvermine Ventures, LLC D/B/A Thoroughbred Mortgage
16 Elm Place, Suite 1A, Rye, NY 10580

April 16, 2014 (MB-MBD)
Full Service Branch
Silvermine Ventures, LLC D/B/A Thoroughbred Mortgage
703 Main Street, Suite 1A, Jefferson Valley, NY 10535

April 16, 2014 (MB-MBD)
Full Service Branch
Advisors Mortgage Group, L.L.C.
1049 Broadway, Suite 4, 1st Floor, West Long Branch, NJ 07764


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:

April 11, 2014 (BR-MBD)
Applicant(s)
Scott Fessler
To acquire interest in:
Lightning Funding, Inc.
5372 Merrick Road, Massapequa, NY 11758

April 14, 2014 (BR-MBD)
Applicant(s)
PSM Holdings
Through its subsidiary
WWHY, Inc.
To acquire interest in:
PrimeSource Mortgage, Inc. (formerly United Community Mortgage Corporation)
5900 Mosteller Drive, Suite 3, Oklahoma City, OK  73112


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 has been withdrawn:

January 29, 2014 (BR-MBD)
Applicant(s)
George V. Artemiou
To acquire interest in:
United Funding Group Corp.
36-12 34th Avenue, Suite 300, Astoria, NY 11106

April 2, 2014 (MB-MBD)
Applicant(s)
PSM Holdings
Through its subsidiary
PrimeSource Mortgage, Inc.
To acquire interest in:
United Community Mortgage Corporation
35 Broad Street, Keyport, NJ 07735


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

February 1, 2013

224427

Kathy  Kagan

Modena

NY

June 27, 2013

176841

Sheri L. Wise

Plano

TX

September 4, 2013

389401

Sean Anthony Thompson

Piscataway

NJ

September 24, 2013

1104030

Michael Wayne Moore

Prosper

TX

September 27, 2013

58649

Robert Frederick Tuttle

Ballston Lake

NY

December 16, 2013

48971

Ann Marie Lewis

Ballston Spa

NY

December 17, 2013

1072311

Fredy Danny Marin-Cespedes

Union City

NJ

January 8, 2014

69297

Jan Ronell Davidson

Huntersville

NC

January 13, 2014

1080921

Mark Russell Dawson

San Berbardino

CA

January 21, 2014

176180

Gregg  Weisenberg

Long Beach

NY

January 23, 2014

1105893

Burton Elliot Farbstein

Saratoga Springs

NY

February 3, 2014

381687

Michael C Foote

Lake Placid

NY

February 6, 2014

77074

Steve Scott Landes

Overland Park

KS

February 10, 2014

1104199

Joshua Daniel Gleiber

Melville

NY

February 20, 2014

67516

John Jairo Mejia

East Meadow

NY

March 10, 2014

1090447

Daniel Hee Sun Madison

Columbia

MD

March 10, 2014

1086597

Lori  Vines

Valley Stream

NY

March 12, 2014

1035193

Joshua Adam Kittle

Rocheport

MO

March 13, 2014

1136517

Christopher Robert Paul Stieffermann

Jefferson City

MO

March 13, 2014

368700

Ali A Al-Ammar

Dearborn

MI

March 13, 2014

1046490

Molly Kathleen Parker

Columbia

MO

March 13, 2014

1067809

Cody Jacob Kinser

Columbia

MO

March 13, 2014

275957

Andrea Vattanapateep Williams

Phoenix

AZ

March 13, 2014

1081856

Mark James Rooney

Lafayette Hill

PA

March 13, 2014

1098691

Christina Jo Anne Stegeman

Jefferson City

MO

March 14, 2014

1122384

Adriana Nicole Hellensmith

Columbia

MO

March 14, 2014

4293

John Anthony Spera

Marlton

NJ

March 14, 2014

27523

Dejan  Ristic

Canton

MI

March 14, 2014

859838

David Berger Munns

Columbia

MO

March 16, 2014

1149695

Blaine Franklin Paden

Plymouth

MI

March 16, 2014

26834

Thad Justin Endress

Twinsburg

OH

March 18, 2014

1160052

Bruce Anthony Biersack

Lynbrook

NY

March 18, 2014

1039572

Andrew Joseph Heid

Long Beach

NY

March 18, 2014

1149602

Brian Sung-Won Fielder

Royal Oak

MI

March 18, 2014

990986

Chad Steven Purtell

Phoenix

AZ

March 18, 2014

324593

Joyce Abigail Hardy

Louisville

KY

March 18, 2014

673167

David M. Fallarino

New York

NY

March 18, 2014

1172103

Christopher Paul Tubiolo

Albany

NY

March 18, 2014

1161873

Lee  Coltman

Jericho

NY

March 19, 2014

1067073

Brandy Lee Ellingsworth

Commerce City

CO

March 19, 2014

1158697

Jason  Costa

Wilton

CT

March 20, 2014

920498

Joseph Lee Newberry

Columbia

MO

March 20, 2014

1149843

James Mitchell Wood

Ann Arbor

MI

March 20, 2014

1136507

Elaina Leah Rombach

Columbia

MO

March 20, 2014

1140474

Brandon Porter Ford

Troy

NY

March 20, 2014

770510

Daniel Zevi Nidus

Larchmont

NY

March 20, 2014

53061

Devanand  Rakhar

Hicksville

NY

March 20, 2014

57711

Frank Steven Prato

Smithtown

NY

March 20, 2014

1149849

Danielle Raye Yustick

Royal Oak

MI

March 20, 2014

1119536

Brian Timothy Kundert

Columbia

MO

March 21, 2014

967307

Heather A Barbosa

Old Westbury

NY

March 21, 2014

992864

Edward Loera Tobias

Flower Mound

TX

March 21, 2014

1163283

Brandon Michael Jones

Little Elm

TX

March 21, 2014

1163343

Jagjeet  Singh

Murphy

TX

March 21, 2014

1163148

Beau Richard Bradshaw

Plano

TX

March 21, 2014

1163293

Erin Leigh Martin

Plano

TX

March 21, 2014

1163334

Gaganpreet  Sandhu

Murphy

TX

March 21, 2014

410224

Michael J Coyne

Stony Point

NY

March 21, 2014

1149726

David  Poules

Shelby Township

MI

March 21, 2014

1149140

Jake Sheridan Donahue

Ferndale

MI

March 21, 2014

1163150

Jeanna Anne Hooper

Frisco

TX

March 21, 2014

1163561

Michael Gregory Kerby

Fairview

TX

March 24, 2014

418577

Francisco Joseph Ippoliti

Ossining

NY

March 24, 2014

1149344

Jason Ryan McDonald

Royal Oak

MI

March 24, 2014

1149816

Daniel Ryan Shore

Canton

MI

March 24, 2014

1149800

Thomas George Brown

Oak Park

MI

March 24, 2014

1149612

Gonzalo  Jimenez-Castell

Lincoln Park

MI


SECTION II

March 31, 2014 (CC-LFS)
CHECKCHANGERS NEW YORK, LLC
8405 20th Avenue, Brooklyn, NY 11214

Licenses were issued to engage in business as a licensed casher of checks as a result of the purchase of certain assets of CheckSpring Financial Services, Inc. at the following locations:

  1.   348 Liberty Avenue, Brooklyn, NY  11207

  2.   615 Livonia Avenue, Brooklyn, NY  11207

In connection with the above license issuances, the original check casher licenses for the above locations were surrendered.


April 2, 2014 (BP-LFS)
CONSUMER CREDIT MANAGEMENT SERVICES, INC.
315 NE 2nd Avenue, Delray Beach, FL  33444 -3801.  

License to engage in business as a budget planner was surrendered.


April 3, 2014 (FR-FWB)
AGRICULTURAL BANK OF CHINA
No. 69, Jianguomen Nei Avenue, Dongcheng District, Beijing, China

Representative office, located at 45 Rockefeller Plaza, New York, NY 10111 surrendered license as of March 31, 2014.


April 4, 2014 (CC-LFS)
PLS CHECK CASHERS OF NEW YORK, INC.
40-35 Junction Blvd, Corona, NY 11368

Licenses were issued in conjunction with an asset purchase agreement with Bandco Check Cashing Services, Inc. at the following locations:

  1. 1826 Nostrand Avenue, Brooklyn, NY 11226
  2. 4722 Avenue D, Brooklyn, NY 11203

In connection with the above license issuance, the check casher licenses for the above locations were surrendered.


April 7, 2014 (BK-CRB)
HANOVER COMMUNITY BANK
2131 Jericho Turnpike, Garden City Park, NY 11040

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

The amendment provides for an increase in the authorized amount of capital stock from 11,000,000 shares of common stock to 17,000,000 shares of common stock, with a par value per share to be determined.


April 14, 2014 (BP-LFS)
GREENPATH, INC
36500 Corporate Drive, Farmington Hills, MI 48331

The following riders were issued in connection with the relocation of 4 licensed branch offices:

From:    380 North Broadway, Suite 304, Jericho, NY 11753   
To:        300 Garden City Plaza, Suite 220, Garden City, NY 11530.

From:    2770 Virginia Parkway, Suite 101, McKinney, TX 75071
To:         1575 Heritage Drive, McKinney, TX 75069

From:    2622 NW 43rd Street, Suite C-4, Gainesville, FL 32606
To:         104 N. Main Street, Suite 410, Gainesville, FL 32601.

From:    802 West Broadway, Suite 202, Madison, WI 53713
To:         725 Heartland Trail, Madison, WI 53717.


April 15, 2014 (FR-FWB)
THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND
Dublin, Ireland

The Department interposes no objection to the notification, pursuant to Section 221-e of the Banking Law, of the change of location of representative office from 875 Third Avenue (19th Floor), Borough of Manhattan, City of New York 10022 to 405 Lexington Avenue (64th Floor), Borough of Manhattan, City of New York 10174.


April 16, 2014 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

Authorization Certificate issued July 12, 2000, granting permission to open and occupy a branch office at The Burdett Building, 251 River Street, Troy, Rensselaer County, NY 12180, surrendered for cancellation.

Office discontinued as of April 4, 2014.


April 16, 2014 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

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

  1. 102 Astro Shopping Center, Newark, New Castle County, DE 19711; and
  2. 2730 North Salisbury Boulevard, Salisbury, Wicomico County, MD 21801.

Offices discontinued as of April 4, 2014.


April 16, 2014 (LL-LFS)
ONEMAIN FINANCIAL,INC
300 Saint Paul Place-BSP17C, Baltimore, MD 21202

License issued to engage in business as a licensed lender in connection with the change of location from: 632 Stewart Avenue, Stewart Plaza Shop. Ctr., Garden City, NY 11530 to: 425 Broadhollow Road, Suite 108, Melville, NY 11747.

In connection with the above license issuance, the license for 632 Stewart Avenue, Stewart Plaza Shop. Ctr., Garden City, NY 11530 was surrendered.


April 17, 2014 (LL-LFS)
ONEMAIN FINANCIAL,INC
300 Saint Paul Place-BSP17C, Baltimore, MD 21202

License issued to engage in business as a licensed lender in connection with the change of location from 555 S. Columbus Avenue, Suite 102, Mount Vernon, NY 10550 to 1 Executive Boulevard, Suite 435, Yonkers, NY 10701.

In connection with the above license issuance, the license for 555 S. Columbus Avenue, Suite 102, Mount Vernon, NY 10550 was surrendered.


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

April 14, 2014 (BR-MBD)
PrimeSource Mortgage, Inc.
5900 Mosteller Drive, Suite 3, Oklahoma City, OK 73112 4640


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

April 10, 2014 (MB-MBD)
Platinum Home Mortgage Corporation DBA PHMC Mortgage
2200 Hicks Road, Suite 101, Rolling Meadows, IL 60008 1216


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

April 14, 2014 (BR-MBD)
Full Service Branch

Upstate Premier Mortgage, Inc.
66 Genesee Street, New Hartford, NY 13413

April 14, 2014 (BR-MBD)
Full Service Branch
Tristar Mortgage Corp.
394 Old Country Road, Suite 201, Garden City, NY 11530

April 14, 2014 (BR-MBD)
Full Service Branch
American Advisors Group, Inc.
600 Old Country Road, Suite 210, Garden City, NY 11530


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

April 14, 2014 (MB-MBD)
Full Service Branch
MCS Mortgage Bankers, Inc. DBA Wholesale Direct
132 West Greenbrook Road, Suite A, North Caldwell, NJ 07006


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

April 16, 2014 (BR-MBD)
The Kessler Management Group, Inc.
10 Anthony J. Morina Drive, Stony Point, NY 10980 3716
Effective Date: January 21, 2014


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

April 10, 2014 (MB-MBD)
Full Service Branch
Mortgage Master, Inc.
409 Canal Street, Plantsville, CT 06479
Effective Date: March 31, 2014

April 15, 2014 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
4621 North Ravenswood Avenue, Chicago, IL 60640
Effective Date: April 09, 2014


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

April 11, 2014 (BR-MBD)
Tychor Mortgage Enterprises, Inc.
333 Sylvan Avenue, Suite 101, Englewood Cliffs, NJ 07632 2705


Mortgage Broker Certificate Name Changes:

April 14, 2014 (BR-MBD)
From: United Community Mortgage Corporation

To: PrimeSource Mortgage, Inc.


Application approved pursuant to Section 594-b of the New York Banking Law and Part 410 of the Superintendent's Regulations for a control interest:

April 15, 2014 (MB-MBD)
Applicant(s)
Nicole Paige
To acquire interest in:
United Mortgage Corp. UAN NY Finest Funding
Additional DBA(S): United Global Group
510 Broadhollow Road, Suite 202, Melville, NY 11747 3606

April 15, 2014 (MB-MBD)
Applicant(s)
Marie Joan Maita
To acquire interest in:
NJ Lenders Corp. d/b/a Home Owners Mortgage Express
Additional DBA(S): Coastal Lenders
Silver Bay Lending
219 Paterson Avenue, Little Falls, NJ 07424

April 9, 2014 (MB-MBD)
Applicant(s)
GEICO Corporation and National Indemnity Company,
Subsidiaries of Berkshire Hathaway Inc.,
As Indirect Owners in Licensed Mortgage Banker:
21st Mortgage Corporation, 620 Market Street, Knoxville, TN 37902


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 violations of Section 597 of the New York Banking Law, and Part 410.8(b) of the Superintendent's Regulation for failure to file the 2012 Volume of Operation Report ("VOOR"). The Settlement Agreement, terms and conditions include a fine of $5,000.

April 15, 2014 (BR-MBD)
Ohgeun Kwon D/B/A Union Mortgage Co.
219-03 Northern Boulevard, Suite 3, Bayside, NY 11361


AMENDMENT
The following application published in Weekly Bulletin dated April 11, 2014 is amended to read as follows:

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

January 15, 2014

244814

Maureen Catherine Vella

North Babylon

NY


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