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New York State Department of Financial Services

Banking Division
Weekly Bulletin

May 9, 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 30, 2014 (CU-CRB)
NIAGARA FRONTIER FEDERAL EMPLOYEES CREDIT UNION
615 Main Street, Niagara Falls, NY 14302

An application was received to change the name of credit union from Niagara Frontier Federal Employees Credit Union to Niagara Frontier Federal Municipal Employees Credit Union. 


May 2, 2014 (TM-LFS)
CASA DE CAMBIO DELGADO INC.
79-08 Roosevelt Avenue, Jackson Heights, NY 11372

Notification received of a name change from Casa de Cambio Delgado, Inc. to Delgado Travel II Corp.

The publication of receipt 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.


May 2, 2014 (BK-CRB)
CATSKILL HUDSON BANK
4438 Route 42 North, Thompson, NY 12701

Application dated April 30, 2014, for permission to change the location of branch office from 4 Schumway Road (Suite 3), Neversink, Town of Neversink, Sullivan County, NY 12765 to 279 Main Street, Grahamsville, Town of Neversink, Sullivan County, NY 12740, received.


May 5, 2014 (PF-LFS)
GBC PREMIUM FINANCE, INC.
110 E. 9th Street – Suite A1126, Los Angeles, CA 90079

Application received for a license to engage in business as a premium finance company at the above location.

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.


May 6, 2014 (FB-FWB)
DVB BANK SE
Platz der Republik 6, 60325 Frankfurt am Main, Germany

Application to establish and maintain a branch at 609 Fifth Avenue, New York, NY 10017, pursuant to Banking Law Section 201, received.


May 7, 2014 (CC-LFS)
SUBWAY CHECK CASHING SERVICE, INC.
980 Intervale Avenue, Corona, NY 10459

An application was received to change the location of doing business as a licensed casher of checks to 1012 Garrison Avenue, Brooklyn, NY 10474 from 896 Hunts Point Avenue, Bronx, NY 10459.

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 May 23, 2014


May 8, 2014 (TR-CRB)
BANCO POPULAR NORTH AMERICA
11 West 51st Street, New York, NY 10019

Application dated May 6, 2014, for permission to change the location of branch office from 3851 Nostrand Avenue, Borough of Brooklyn, City of New York 11235 to 2117-2121 Avenue U, Borough of Brooklyn, City of New York 11229, received.


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

May 07, 2014 (BR-MBD)
Full Service Branch
Absolute Home Mortgage Corporation
225 Gordons Corner Road, Suite 1-D, Manalapan, NJ 07726


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

May 06, 2014 (MB-MBD)
Full Service Branch
United Northern Mortgage Bankers Limited D/B/A Senior Security Home Advantage
1325 Patterson Plank Road, Unit 2B, Secaucus, NJ 07094

May 07, 2014 (MB-MBD)
Full Service Branch
Mortgage Access Corp. DBA Weichert Financial Services
474 Morris Avenue, Summit, NJ 07901


Application to establish a Mortgage Loan Servicer’s Branch received for examination:

May 05, 2014 (MLS-MBD)
Full Service Branch
Provident Funding Associates, LP
10801 Walker Street, Suite 230, Cypress, CA  90630

May 05, 2014 (MLS-MBD)
Full Service Branch
Provident Funding Associates, LP
406 Blackwell Street, Suite 180, Durham, NC  27701


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

May 1, 2014 (MLS-MB)
Applicant(s)
Michael A. Corasaniti and Carlos J. Rodrigues through their interest in
Tourmalet Advisors II, L.P.
To acquire interest in:
Kondaur Capital Corporation
333 So. Anita Drive, Ste. 400, Orange, CA 92868


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

September 5, 2013

180242

Jason Guy Borrelli

Cherry Hill

NJ

October 29, 2013

169220

Matthew Stephen Lugas

Philadelphia

PA

January 27, 2014

1133110

Steven Alexander Boston

Ramsey

NJ

January 27, 2014

66011

Solomon  Goldberger

Brooklyn

NY

January 27, 2014

1016445

Leila Aminah Rovito

Bedminster

NJ

January 27, 2014

1016423

Stuart Freeman Kern

Hampton Twp

NJ

February 11, 2014

926915

Kailey Marie Meccia

White Plains

NY

March 11, 2014

35776

Andrew D. Taub

New York

NY

March 13, 2014

174073

Dwayne L Devaughn

Buffalo

NY


SECTION II

April 30, 2014 (CB-CRB)
USNY BANK
389 Hamilton Street, Geneva, New York 14456

“Certificate of Amendment of the Organization Certificate of USNY Bank under Section 8005 of the Banking Law” was approved and filed in the Office of the Superintendent of Financial Services.

The amendment designates a series of preferred stock as “Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A”.  The authorized number of shares of Series A Preferred Stock shall be 220,000. 


May 1, 2014 (CC-LFS)
PLS CHECK CASHERS OF NEW YORK, INC.
40-35 Junction Blvd, Corona, NY 11368

A license was issued to change the location of doing business as a licensed casher of checks to 6901 4th Avenue, Brooklyn, NY 11209 from 6817 4th Avenue, Brooklyn, NY 11220.

In connection with the above license issuance, the original check casher license for 6817 4th Avenue, Brooklyn, NY 11220, was surrendered.


May 2, 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 8615 SE Division Street (Suite 203), Portland, Multnomah County, OR 97266, effective April 24, 2014.
___________________________________________________________________________

May 2, 2014 (SB-CRB)
RIDGEWOOD SAVINGS BANK
71-02 Forest Avenue, Ridgewood, NY 11385

Applicant notified in writing that no objection will be interposed to the establishment of 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.

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


May 2, 2014 (SB-CRB)
RIDGEWOOD SAVINGS BANK
71-02 Forest Avenue, Ridgewood, NY 11385

Applicant notified in writing that no objection will be interposed to the establishment of 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.

(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.)


May 5, 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 six locations, surrendered for cancellation:

  1. 4564 Main Street, Town of Amherst, Erie County, NY 14226;
  2. Tops Markets Inc., 3507 Mount Read Boulevard, Town of Greece, Monroe County, NY 14616;
  3. 1170 Vestal Avenue, Binghamton, Broome County, NY 13903;
  4. 158 South River Street, Plains, Luzerne County, PA 18705;
  5. 1482 Golden Mile Road, Wysox Township, Bradford County, PA 18854; and
  6. 1990 Carlisle Road, York, York County, PA 17408.

Offices discontinued as of April 25, 2014.
___________________________________________________________________________

May 7, 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. 406 College Avenue, Ithaca, Tompkins County, NY 14850; and
  2. Marketplace Mall, 3400 West Henrietta Road, Town of Henrietta, Monroe County, NY 14623.

Offices discontinued as of April 28, 2014, and April 29, 2014, respectively.
___________________________________________________________________________

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

May 05, 2014 (BR-MBD)
Full Service Branch
Genpact Mortgage Services, Inc.
3101 E. President George Bush Highway, Ste. 200, Richardson, TX 75082


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

May 05, 2014 (MB-MBD)
Full Service Branch
Homestead Funding Corp.
4777 Vestal Parkway East, Suite 4, Vestal, NY 13850

May 05, 2014 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
7122 Seminole Boulevard, Seminole, FL 33772

May 05, 2014 (MB-MBD)
Full Service Branch
Mortgage Master, Inc.
29 Locust Avenue, Suite 101, Rye, NY 10580


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

May 07, 2014 (BR-MBD)
Richland Equity Resources Corp. D/B/A The Richland Group
420 Lexington Avenue, Suite 300, New York, NY 10170 0399
Effective Date: April 25, 2014


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

May 07, 2014 (MB-MBD)
Greentree Mortgage Company, L.P.
10000 Lincoln Drive West, Suite 5, Marlton, NJ 08053 3400
Effective Date: April 29, 2014

May 07, 2014 (MB-MBD)
The Funding Source, LLC
906 Spencer Street, 2nd Floor, Syracuse, NY 13204
Effective Date: April 16, 2014

May 07, 2014 (MB-MBD)
RFC Mortgage In Lieu of True Name Residential Finance Corporation
One Easton Oval, Suite 400, Columbus, OH 43219 6092
Effective Date: May 02, 2014


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

May 06, 2014 (MB-MBD)
Full Service Branch
GFI Mortgage Bankers, Inc.
16 Squadron Boulevard, Suite 103, New City, NY 10956
Effective Date: May 02, 2014

May 06, 2014 (MB-MBD)
Full Service Branch
GFI Mortgage Bankers, Inc.
141 Ayers Court, Suite 1A, Teaneck, NJ 07666
Effective Date: May 02, 2014

May 06, 2014 (MB-MBD)
Full Service Branch
GFI Mortgage Bankers, Inc.
1375 Kings Highway East, Suite 350, Fairfield, CT 06824
Effective Date: May 02, 2014

May 07, 2014 (MB-MBD)
Full Service Branch
Greentree Mortgage Company, L.P.
301 Kilmayne Drive, Suite 104, Cary, NC 27511
Effective Date: April 29, 2014

May 07, 2014 (MB-MBD)
Full Service Branch
RFC Mortgage In Lieu of True Name Residential Finance Corporation
4010 Boyscout Boulevard, Suite 600, Tampa, FL 33607
Effective Date: May 02, 2014

May 07, 2014 (MB-MBD)
Full Service Branch
RFC Mortgage In Lieu of True Name Residential Finance Corporation
475 Route 520, Suite 200-202, Marlboro, NJ 07746
Effective Date: May 02, 2014

May 07, 2014 (MB-MBD)
Full Service Branch
RFC Mortgage In Lieu of True Name Residential Finance Corporation
7 Waterfront Plz., 500 Ala Moana Blvd. RFC Ste. 400, Honolulu, HI 96813
Effective Date: May 02, 2014

May 07, 2014 (MB-MBD)
Full Service Branch
RFC Mortgage In Lieu of True Name Residential Finance Corporation
4201 Congress Street, Suite 475, Charlotte, NC 28209
Effective Date: May 02, 2014

May 07, 2014 (MB-MBD)
Full Service Branch
RFC Mortgage In Lieu of True Name Residential Finance Corporation
225 Gordons Corner Road, Suite 1D, Manalapan, NJ 07726
Effective Date: May 02, 2014


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

May 01, 2014 (BR-MBD)
Right Trac Financial Group, Inc.
110 Main Street, Manchester, CT 06042
Branch Offices:
950 New Loudon Road, Suite 230, Latham, NY 12110

May 01, 2014 (BR-MBD)
Mortgage Direct Inc.
506W RXR Plaza, 5th Floor, Uniondale, NY 11556

May 01, 2014 (BR-MBD)
Yes Funding Corp.
1600 Calebs Path Extension, Suite 117, Hauppauge, NY 11788

May 01, 2014 (BR-MBD)
Dalco Financial Services Inc.
120 Stevens Avenue, Mount Vernon, NY 10550 2605

May 02, 2014 (BR-MBD)
Union Home Funding Corp.
8 Memorial Highway, New Rochelle, NY 10801 6308

May 06, 2014 (BR-MBD)
Residential Capital Corp.
635 Walton Avenue, Room 1, Bronx, NY 10451

May 07, 2014 (BR-MBD)
Mortgage Links Inc.
2043 Richmond Avenue, Staten Island, NY 10314 3900

May 07, 2014 (BR-MBD)
UBS Financial Services Inc.
1000 Harbor Boulevard, 7th Floor, Weehawken, NJ 07086
Branch Offices:
80 State Street, Suite 800, 8th Floor, Albany, NY 12207
1 HSBC Center, Suite 3737, Buffalo, NY 14203
One Broad St. Plaza, 2nd Floor, Glens Falls, NY 12801
225 Broadhollow Road, Suite 400, Melville, NY 11747
333 Earle Ovington Blvd., Ste. 600, Mitchell Field, NY 11553
200 Park Avenue, 30th Floor, New York, NY 10166
1251 Avenue of the Americas, 2nd Fl., New York, NY 10020
1285 Avenue of the Americas, 17th Fl., New York, NY 10019
590 Madison Avenue, 23rd Floor, New York, NY 10022
299 Park Avenue, 11th Floor, New York, NY 10171
299 Park Avenue, 25th Floor, New York, NY 10171
100 Mariners Way, Port Jefferson, NY 11777
400 Linden Oaks Office Park, Rochester, NY 14625
8 Main Street, Southampton, NY 11968
440 S. Warren St., 6th Fl., The Galleries, Syracuse, NY 13202
709 Westchester Avenue, 4th Floor, White Plains, NY 10604
6390 Main Street, Village Park Business Center, Williamsville, NY 14221
101 Park Avenue, 15th floor, New York, NY 10178
299 Park Avenue, 26th floor, New York, NY 10171
1285 Avenue of the Americas, 19th floor, New York, NY 10019
201 West 3rd Street, Jamestown, NY 14701

May 07, 2014 (BR-MBD)
LeadPoint, Inc. D/B/A Secure Rights
11661 San Vicente Boulevard, Suite 600, Los Angeles, CA 90049 5114


Mortgage Banker License Address Changes:

May 07, 2014 (MB-MBD)
Cardinal Financial Company, LP D/B/A Sebonic Financial
From: 444 Jacksonville Road, Warminster, PA 18974
To: 3701 Arco Corporate Drive, Suite 200, Charlotte, NC 28273 0402


The following licensed mortgage loan originator has entered into a Settlement Agreement with the Department in lieu of a hearing for a fine or revocation of its mortgage loan originator license to settle the violation of Part 420.20(a)(4) of the Superintendent's Regulations.  The licensed mortgage loan originator was conducting regulated mortgage activities using an unauthorized website at an unlicensed branch location.    The Settlement Agreement terms and conditions include a fine of $5,000. 

Mr. Jason A. Berg (MLO)
568 Cedar Lane, Teaneck, NJ  07666


 

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