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New York State Department of Financial Services

Banking Division
Weekly Bulletin

September 12, 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

August 28, 2014 (TM-LFS)
INTEGRATED PAYMENT SYSTEMS INC.
6200 S. Quebec Street, Greenwood Village, CO 80111

Notification received for a change of head office location from 6200 S. Quebec Street, Greenwood Village, CO 80111 to c/o First Data Corporation, 5565 Glenridge Connector NE, Suite 1100, Atlanta, GA 30342.

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.


September 9, 2014 (TM-LFS)
ACI WORLDWIDE CORP.
6060 Coventry Drive, Elkhorn, NE 68022

An application was received from ACI Worldwide Corp. to acquire 100% of Official Payments Corporation, a licensed money transmitter pursuant to Article 13-B of the New York Banking Law.

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.


September 10, 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 Subway Check Cashing Service, Inc. at the following locations:

  1. 1045 Westchester Avenue, Bronx, NY 10459
  2. 179-39A Hillside Avenue, Jamaica, NY 11432
The publication of receipt of these applications does not indicate that the applications are 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 September 22, 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 amended to read as follows:

From:
October 13, 2011 (MB-MBD)
Applicant (s)
Michael Jeffery Sekits
Tyler Layne Larsen
Torrey Lee Larsen
William Edward Trask
As: Security One Lending
3131 Camino Del Rio North, Suite 1400, San Diego, CA 92108

To:
September 10, 2014 (MB-MBD)
Applicants(s)
Scott Andrew Griffith
Patricia Hobbib
Marianne Mainardi
Daniel Charles McLaren
DT Holdings, LLC
Walter Investment Holding Company, LLC
Walter Investment Management Corp.
As: DT Mortgage In Lieu of True Name Ditech Mortgage Corp.
1100 Virginia Drive, Suite 100, Fort Washington, PA 19034 3204


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

September 10, 2014 (MB-MBD)
Full Service Branch
Gateway Funding Diversified Mortgage Services, L.P.
20 Squadron Boulevard, Suite #270, New City, NY 10956

September 10, 2014 (MB-MBD)
Full Service Branch
American Advisors Group, Inc.
600 Old Country Road, Suite #210, Garden City, NY 11530

September 10, 2014 (MB-MBD)
Full Service Branch
American Advisors Group, Inc.
3800 W. Chapman Avenue, Suite #700, Orange, CA 92868

September 10, 2014 (MB-MBD)
Full Service Branch
Van Dyk Mortgage Corporation
13577 Feather Sound Drive, 6th Floor, Clearwater, FL 33762


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

August 8, 2012

387922

Friedrich Kennington Walter

Milford

CT

January 6, 2014

63225

William W. Teague

Albany

NY

May 27, 2014

184551

Richard Dean Gorski

Chesterland

OH

May 27, 2014

50534

George John Christodoulou

Oceanside

NY

June 13, 2014

83356

Nicholas Anthony Grandolfo

Mission Viejo

CA

June 23, 2014

1146015

Michael T Hsu

Colonia

NJ

June 30, 2014

255950

Jane Marie Ribera

Massapequa

NY

July 3, 2014

1187453

Stacie Faye Petrusha

Grand Blanc

MI

July 14, 2014

406147

Linda Lee Rudnick-Smith

Syracuse

NY

August 14, 2014

389727

Jawhar Haquim Green

Long Beach

CA

August 14, 2014

1198499

Andrew Lee Meyer

Irvine

CA

August 15, 2014

1177669

Trevor Stefan Buban

Troy

MI

August 15, 2014

17798

Stuart Wayne Davis

Louisville

KY

August 18, 2014

956905

Pamela Rachel Fenn

Grapevine

TX

August 18, 2014

1198455

Elizabeth  Rodriguez

Laguna Hills

CA

August 18, 2014

970244

Anthony Edward Clark

Corona Del Mar

CA

August 18, 2014

988179

Sherri Anne Prall

Issaquah

WA

August 18, 2014

1198452

Amir  Salah-Esfahani

Newport Beach

CA

August 19, 2014

884989

Patrick Shannon Oneal

Huntington Beach

CA

August 19, 2014

1198467

Joe Van Lai

Santa Ana

CA

August 19, 2014

407482

Patrick Desmond Mclaughlin

Aliso Viejo

CA

August 19, 2014

71599

Todd J Bruner

Jacksonville

FL

August 19, 2014

212614

Michael  Deng

Cerritos

CA


SECTION II

August 22, 2014 (TM-LFS)
PLACID NK CORPORATION U/A/N PLACID EXPRESS
400  Post Avenue-Suite 101, Westbury, NY 11590

A money transmitter license was issued to Placid NK Corporation U/A/N Placid Express in connection with its change of headquarters location from 3501 Queens Blvd, Long Island City, NY 11101 to 400  Post Avenue-Suite 101, Westbury, NY 11590.

In connection with the above license issuance, the money transmitter license for 3501  Queens Blvd, Long Island City, NY 11101 was surrendered.


September 4, 2014 (TM-LFS)
JPAY, INC.
10981 Marks Way, Miramar, FL 33025

A license was issued to engage in the business of a transmitter of money, pursuant to Article XIII-B of the Banking Law.


September 4, 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 an electronic facility (automated teller machine) at 14 South Main Street, Perry, Wyoming County, NY 14530.


September 4, 2014 (BK-CRB)
TIOGA STATE BANK
1 Main Street, Spencer, NY 14883

Applicant notified in writing that no objection will be interposed to the establishment of an electronic facility (automated teller machine) at 18 Lake Street, Owego, Tioga County, NY 13827.


September 4, 2014 (SB-CRB)
THE ONEIDA SAVINGS BANK
182 Main Street, Oneida, NY 13421

Authorization issued to open and occupy a branch office at VVS High School, 5275 State Route 31, Town of Verona, Oneida County, NY 13478, on or after September 4, 2014.


September 8, 2014 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Notification received of the closing of representative offices at the following two locations, effective August 30, 2014:

  1. 12531 Clipper Drive, Woodbridge, Prince William County, VA 22192; and
  2. 863 Georges Road, South Brunswick Township, Middlesex County, NJ 08852.

September 8, 2014 (FR-FWB)
THE ROYAL BANK OF SCOTLAND PLC
Edinburgh, Scotland, United Kingdom

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 340 Madison Avenue, Borough of Manhattan, City of New York 10173 to 489 Fifth Avenue, Borough of Manhattan, City of New York 10017.


September 8, 2014 (BK-FWB)
WOORI AMERICA BANK
1250 Broadway, New York, NY 10001

Authorization issued to open and occupy a branch office at 14252 Culver Drive (Suite G), Irvine, Orange County, CA 92604, on or after September 9, 2014.


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

Authorization Certificate issued December 7, 2012, granting permission to open and occupy a branch office at 4 High Ridge Park, Stamford, Fairfield County, CT 06905, surrendered for cancellation.

Office discontinued as of August 29, 2014.


September 10, 2014 (TR-CRB)
BANCO POPULAR NORTH AMERICA
11 West 51st Street, New York, NY 10019

Authorization granting permission to open and occupy a branch office at 7500 S.W. 8th Street, Miami, Miami-Dade County, FL 33144, surrendered for cancellation.

Office discontinued as of September 2, 2014.


September 10, 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 public accommodation office at 14 South Main Street, Perry, Wyoming County, NY 14530, which operates as an adjunct to branch office at 43 South Main Street, Perry, Wyoming County, NY 14530, will not result in a significant reduction of banking services in the community to be affected.


September 10, 2014 (MI-CRB)
BEACON TRUST COMPANY
163 Madison Avenue, Morristown, NJ 07960

Applicant notified in writing that no objection will be interposed to the establishment of a trust office pursuant to the provisions of Section 131(4) of the Banking Law at 3880 Veterans Memorial Highway, Bohemia, Town of Islip, Suffolk County, NY 11716.


September 10, 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 the Bellmore Chamber of Commerce's Annual Bellmore Family Street Festival, Bellmore Train Station (between Bellmore and Bedford Avenues), Bellmore, Town of Hempstead, Nassau County, NY 11710.

(This is a mobile facility which is to operate on September 21, 2014, and annually thereafter at the above event.)


September 10, 2014 (PF-LFS)
FOUNDERS FINANCE, LLC D/B/A HONOR CAPITAL
One Monarch Place, Suite 2510, Springfield, MA 01144

Application for Founders Finance, LLC d/b/a Honor Capital to indirectly acquire 80% of E.T.I. Financial Corporation, a NYS licensed premium finance agency, with headquarters located at 2825 N. University Drive, Suite 300, Coral Springs, FL 33065-1440, approved.


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

September 09, 2014 (BR-MBD)
Ownit, LLC
180 East Main Street, Suite 308, Smithtown, NY 11787 2811


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

September 04, 2014 (MB-MBD)
MLB Residential Lending, LLC
51 Commerce Street, Suite 101, Springfield, NJ 07081 3014

September 10, 2014 (MB-MBD)
American Advisors Group, Inc.
3800 West Chapman Avenue, 3rd Floor, Orange, CA 92868 1638


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

September 08, 2014 (BR-MBD)
Full Service Branch
Neighborhood Assistance Corporation of America
4425 West 63rd Street, Suite #204, Chicago, IL 60629


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

September 08, 2014 (MB-MBD)
Full Service Branch
Embrace Home Loans, Inc.
100 Corporate Place, Suite #204, Rocky Hill, CT 06067

September 08, 2014 (MB-MBD)
Full Service Branch
Greenway Mortgage Funding Corp.
204 Route 71, Unit #C-1, Spring Lake Heights, NJ 07762

September 08, 2014 (MB-MBD)
Full Service Branch
PrimeLending, A PlainsCapital Company
18111 Preston Road, Suite #500, Dallas, TX 75252


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

September 10, 2014 (MB-MBD)
Full Service Branch
DT Mortgage In Lieu of True Name Ditech Mortgage Corp.
700 Corporate Boulevard, Suite 100, Newburgh, NY 12550

September 10, 2014 (MB-MBD)
Full Service Branch
DT Mortgage In Lieu of True Name Ditech Mortgage Corp.
1455 Broad Street, 2nd Floor, Bloomfield, NJ 07003


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

September 04, 2014 (BR-MBD)
Logsdon Industries Inc D/B/A Surety Mortgage Company
190 Central Parkway, Mount Vernon, NY 10552
Effective Date: August 27, 2014

September 09, 2014 (BR-MBD)
Allied Financial LLC D/B/A Iron Mortgage
10 Route 4 West, River Edge, NJ 07661
Effective Date: September 03, 2014

September 10, 2014 (BR-MBD)
American Advisors Group, Inc.
3800 West Chapman Avenue, 3rd Floor, Orange, CA 92868
Effective Date: September 10, 2014


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

September 10, 2014 (BR-MBD)
Full Service Branch
American Advisors Group, Inc.
3800 West Chapman Avenue, Suite 700,Orange, CA 92868
Effective Date: September 10, 2014

September 10, 2014 (BR-MBD)
Full Service Branch
American Advisors Group, Inc.
600 Old Country Road, Suite 210, Garden City, NY 11530
Effective Date: September 10, 2014


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

September 08, 2014 (MB-MBD)
Full Service Branch
Meridian Residential Capital LLC D/B/A First Meridian Mortgage
Additional DBA(S): Trump Financial
435 Ninth Street, Brooklyn, NY 11215
Effective Date: September 04, 2014

September 09, 2014 (MB-MBD)
Full Service Branch
RoundPoint Mortgage Company
15825 Shady Grove Road, Suite 20, Rockville, MD 20850
Effective Date: September 04, 2014


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

September 09, 2014 (BR-MBD)
Efficiency Funding LLC
3017 Beverly Road, Brooklyn, NY 11226

September 10, 2014 (BR-MBD)
Syamni Funding Inc.
135-30 Rockaway Boulevard, Suite 201, South Ozone Park, NY 11420 3023


Mortgage Banker License Name Changes:

September 08, 2014 (MB-MBD)
From: MHM Mortgage
In Lieu of True Name Millenium Home Mortgage, LLC
To: Millenium Home Mortgage, LLC


Mortgage Broker Certificate Address Changes:

September 08, 2014 (BR-MBD)
Consumer One Corp. d/b/a Consumer One Mortgage
From: 154-2 Remington Boulevard, Ronkonkoma, NY 11779
To: 10 Kimberley Court, Lake Grove, NY 11755 2753


The following Licensed Mortgage Loan Originator (“MLO”) has entered into a Settlement Agreement with the Department, in lieu of a hearing for a fine or revocation of its MLO license to settle violations of Section 420.20(a)(4) of the Superintendent’s Regulations for advertising his MLO license in a manner that implied that he was licensed as a mortgage banker or registered mortgage broker pursuant to Article 12-D of the New York Banking Law; MLO DeMario was also conducting regulated mortgage activities using an unauthorized website and an unauthorized trade name. The Settlement Agreement terms and conditions include a fine of $8,000.00

August 22, 2014 (MLO-MBD)
Adam DeMario


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 and State of Residence

Sponsoring Entity

September 8, 2014

176841

Sheri L. Wise

Plano

TX

PrimeLending, A PlainsCapital Company

September 8, 2014

6012

Stephen Ryan Egan

Clinton

CT

Embrace Home Loans, Inc.

September 8, 2014

152137

Donald Tahone Meadows

Chicago

IL

Neighborhood Assistance Corporation of America


Applications for licensing as a Mortgage Loan Originator under Article 12-E of the New York Banking Law, WITHDRAWN.  The individuals listed may not engage in mortgage loan origination activity in New York State or on New York State residential property:

Application Withdrawn

NMLS ID

Name of Applicant

City & State of Residence

September 8, 2014

1160754

Penny Lea Smith

Chadds Ford

PA

September 8, 2014

407726

Philip Morales III

Elk Grove

CA

September 8, 2014

90199

Kyla deMarzio

Union City

NJ

September 8, 2014

1065399

Guilherme Ferreira Cavichioli

Oak Park

MI

September 9, 2014

146875

William Barton McMackin

Brookhaven

NY

September 10, 2014

67832

Richardo Octavio Suarez

Fairfield

NJ

September 10, 2014

97906

Brandon Anthony Feikle

North Royalton

ON


 

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