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New York State Department of Financial Services

Weekly Banking Bulletin

July 24, 2015

SECTION I

This section records the receipt of banking-related applications and notices to 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 ISSUED BY THE DEPARTMENT.

SECTION II

This section records actions taken by the Superintendent of Financial Services, and other information concerning banking-related activities 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 below 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

BKBankMBMortgage Banker
BPBudget PlannerBRMortgage Broker
CCCheck CasherMLSMortgage Servicer
CUCredit UnionPFPremium Finance Agency
FAForeign AgencyPBPrivate Banker
FBForeign BranchSDSafe Deposit Company
FRForeign Representative OfficeSFSales Finance Agency
HCHolding CompanySLSavings and Loan Association
ICInvestment CompanySBSavings Bank
LLLicensed LenderTMTransmitter of Money
MKMerchant BankTRTrust Company
MIMiscellaneous

Regulatory Unit Codes

CRBCommunity and Regional Banks
CSDConsumer Services
FWBForeign and Wholesale Banks
LFSLicensed Financial Services
MBDMortgage Banking


SECTION I

July 8, 2015 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Bulletin item dated May 20, 2015, which appeared in the Weekly Bulletin dated May 22, 2015, advising of the receipt of notification, for permission to establish a public accommodation office at 1276 Bay Dale Drive, Arnold, Anne Arundel County, Maryland 21012 as an adjunct to branch office located at 1276 Bay Dale Drive, Arnold, Anne Arundel County, Maryland 21012, is corrected to read as follows:

Application dated May 8, 2015, for permission to establish, maintain and operate a public accommodation office at 1250 Bay Dale Drive, Arnold, Anne Arundel County, Maryland 21012 as an adjunct branch office to be located at 1250 Bay Dale Drive, Arnold, Anne Arundel County, Maryland 21012.


July 15, 2015 (SB-CRB)
PATHFINDER BANK
214 West First Street, Oswego, NY 13126

Notice of intention to establish an electronic facility (automated teller machine) at 3739 State Route 13, Village of Pulaski, Town of Richland, County of Oswego, New York 13142, received.


July 16, 2015 (BK – CRB)
PUTNAM COUNTY SAVINGS BANK
2477 Route 6, Brewster, New York 10509

Application for the Superintendent’s approval of the “Certificate of Amendment of the Organization Certificate of Putnam County Savings Bank under Section 8005 of the Banking Law,” providing for the change of name of the bank to “PCSB Bank,” received.


July 17, 2015 (SB-CRB)
THE NORTH COUNTRY SAVINGS BANK
127 Main Street, Canton, NY 13617

Notice of intention to establish an electronic facility (automated teller machine) at Clarkson University Cheel Campus Center, 8 Clarkson Avenue, Village of Potsdam, County of St. Lawrence, New York 13676, received.


July 20, 2015 (FB-FWB)
SUMITOMO MITSUI TRUST BANK LIMITED
527 Madison Avenue, New York, NY 10022

Application dated July 17, 2015, for permission to change the location of branch office from 527 Madison Avenue (3rd Floor), New York, NY 10022 to 1251 Avenue of the Americas, New York, NY 10020.


July 21, 2015 (SB-CRB)
APPLE BANK FOR SAVINGS
1395 Northern Boulevard, Manhasset, NY 11030

Application dated July 17, 2015, for permission to open and occupy a branch office at 1515 Sheepshead Bay Road, Borough of Brooklyn, City of New York 11235, received.


July 21, 2015 (TR-CRB)
ORANGE COUNTY TRUST COMPANY
212 Dolson Avenue, Middletown, NY 10940

Application dated July 15, 2015, for permission to open and occupy a branch office at 42 Waller Avenue, White Plains, Westchester County, NY 10601, received.


July 22, 2015 (TR-CRB)
GEMINI TRUST COMPANY, LLC
30 West 24th Street, 4th Floor, New York, New York 10010
Articles of Organization received.

Organizers

Cameron H. Winklevoss, New York, NY
Tyler H. Winklevoss, New York, NY
Evan L. Greebel, Scarsdale, NY
Charles R. Macedo, Ardsley, NY
Kathleen H. Moriarty, New York, NY


July 22, 2015 (TR-CRB)
GEMINI TRUST COMPANY, LLC
30 West 24th Street, 4th Floor, New York, New York 10010

Application for exemption from the deposit insurance requirements of Section 32 of the Banking Law received.


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

July 22, 2015 (MB-MBD)
Applicant(s)
Joseph William Rand
Matthew Rand
Marsha Rand
As: Hudson United Mortgage LLC
10 Schrever Lane, New City, NY 10956 3314


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

July 22, 2015 (MB-MBD)
Full Service Branch
Mortgage Research Center, LLC D/B/A VAMortgageCenter
Additional DBA(S): Veterans United Home Loans
Veteran Loan Center
1400 Forum Boulevard, Suite #19A, Columbia, MO 65203

July 22, 2015 (MB-MBD)
Full Service Branch
American Advisors Group, Inc.
2150 Highway 35, Suite #250, Office #20, Sea Girt, NJ 08750


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 24, 2015

149385

David Richard Stickles

Albany, NY

April 8, 2015

1294914

Kenneth John Ashton

Columbia, MO

April 15, 2015

340207

Glen Ray Snopel

Placentia, CA

April 29, 2015

786168

Brendan McMullen

Nutley, NJ

May 4, 2015

141208

Darrell Josh Gibbs

Troy, NY

May 4, 2015

154318

Nathan T Barton

Waterford, NY

May 5, 2015

984876

Michael Scott Kish

Cleveland, OH

May 7, 2015

179178

Samuel James Cronin

Zanesville, OH

May 15, 2015

183025

Gun Tony Kim

Flushing, NY

May 26, 2015

1313586

Elad Gebus

Lakewood, NJ

May 27, 2015

31165

Ramon Armando Carrasco

Freeport, NY

June 1, 2015

1301553

Vasiliki Kelari

East Elmhurst, NY

June 10, 2015

1312087

Adam James Kody

Lakewood, OH

June 12, 2015

1217986

Royce Houston Potts IV

Jamaica, NY

June 12, 2015

1304226

Nicholas Richard Dalcero

Atlantic Beach, FL

June 18, 2015

143091

Vito Anthony Summa Jr.

Lakewood, NJ

June 23, 2015

1048384

Todd William Primmer

Westerville, OH

June 25, 2015

1294432

Gina Maria Pereira

Hopewell Jct, NY

July 1, 2015

157216

Scot David Alexander

Old Bethpage, NY

July 6, 2015

1107182

Ryan Lee Takacs

Chagrin Falls, OH

July 6, 2015

1366675

Katherine Victoria Stamm

Cleveland, OH

July 7, 2015

6934

Carlos Felipe Lozano

Mineola, NY

July 8, 2015

1336672

Lisa Marie Camarro

Bergenfield, NJ

July 10, 2015

1366678

Jason Bart Zuchowski

Beachwood, OH

July 13, 2015

1007437

Ryan Eastman Takeo Hamada

Laguna Niguel, CA

July 13, 2015

263051

Carrie Ann Wilson

Fountain Valley, CA

July 13, 2015

1288951

Kevin Thomas Maxwell

Plano, TX

July 13, 2015

40995

Rodolpho Miller

Franklin Square, NY

July 13, 2015

17882

Nicholas Schmidtke

Deer Park, NY

July 13, 2015

1363348

Nancy Lee Mirabella

Laguna Woods, CA

July 16, 2015

33530

William Michael Marshina

Marlton, NJ


SECTION II

June 25, 2015 (SF-LFS)
PORSCHE FINANCIAL SERVICES, INC. U/A/N BENTLEY FINANCIAL SERVICES U/A/N LAMBORGHINI FINANCIAL SERVICES, U/A/N BUGATTI FINANCIAL SERVICES
One Porsche Drive, Atlanta, Fulton County, GA 30354

License rider issued to reflect the change of headquarters location from 980 Hammond Drive NE, Suite 500, Atlanta, Fulton County, GA 30328-8187 to One Porsche Drive, Atlanta, Fulton County, GA 30354.


June 25, 2015 (SF-LFS)
PORSCHE FUNDING LIMITED PARTNERSHIP
One Porsche Drive, Atlanta, Fulton County, GA 30354

License rider issued to reflect the change of headquarters location from 980 Hammond Drive NE, Suite 500, Atlanta, Fulton County, GA 30328-8187 to One Porsche Drive, Atlanta, Fulton County, GA 30354.


July 7, 2015 (PF-LFS)
E.T.I. FINANCIAL CORPORATON
1551 Sawgrass Corporate Parkway, Suite 130, Sunrise, Florida 33323

License rider issued to reflect the change of headquarters location from 2825 N. University Drive, Suite 300, Coral Springs, Florida 33065-1440 to 1551 Sawgrass Corporate Parkway, Suite 130, Sunrise, Florida 33323.


July 7, 2015 (SF-LFS)
SPRINT SPECTRUM, LP D/B/A SPRINT
6200 Sprint Parkway, Overland Park, Johnson County, KS 66251

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


July 13, 2015 (CC–LFS)
PLS CHECK CASHERS OF NEW YORK, INC.  
80-02 Kew Gardens Road, 6th Floor, Suite 603, Kew Gardens, NY  11415

The principal office of the licensed casher of checks was changed from 40-35 Junction Blvd., Corona, NY  11368 to 80-02 Kew Gardens Road, 6th Floor, Suite 603, Kew Gardens, NY  11415.

In connection with the above, new licenses were issued and the original check casher licenses were surrendered.


July 17, 2015 (CC-LFS)
NY COMMUNITY FINANCIAL, LLC
U/A/N THE CHECK CASHING PLACE U/A/N CFSC
U/A/N COMMUNITY FINANCIAL SERVICE CENTER
560 Sylvan Avenue, Englewood Cliffs, NJ   07632

Effective July 17, 2015, license to engage in business as casher of checks at branch located at 145 West Kingsbridge Road, Bronx, N.Y.  10468, was surrendered.


July 21, 2015 (CC-LFS)
INDUSTRY CHECK CASHING CORP.
360 Commack Road, Deer Park, NY 11729

License to engage in business as casher of checks at 360 Commack Road, Deer Park, NY 11729 was surrendered effective July 21, 2015.


July 22, 2015 (TR-CRB)
STEUBEN TRUST COMPANY
One Steuben Square, Hornell, NY 14843

Notification received, in accordance with Supervisory Policy G 8, of the establishment of a representative office at 2701 Transit Road, Suite #141, Town of Elma, Erie County, New York 14059.


July 23, 2015 (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 18th Avenue Merchants Walk/Street Fair located at 18th Avenue and 82nd Street, Borough of Brooklyn, City of New York 11204. 

(This is a mobile facility which is to operate on July 25, 2015, and annually thereafter at the above event.)


July 23, 2015 (BK-FWB)
SHINHAN BANK AMERICA
330 Fifth Avenue, New York, NY 10001

Approval given to change the location of branch office from 21 Grand Avenue (South Building), Palisades Park, Bergen County, NJ 07650 to 101 Broad Avenue, Palisades Park, Bergen County, New Jersey 07650, on or after July 24, 2015.


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

July 20, 2015 (BR-MBD)
Full Service Branch
Par East Mortgage Co., Inc.
11 Main Street, 2nd Floor, Suite #4, Southampton, NY 11968


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

July 21, 2015 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
4400 North Federal Highway, Suite 150, Boca Raton, FL 33431
Effective Date: July 15, 2015

July 21, 2015 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
1099 Wall Street, Suite 137, Lyndhurst, NJ 07071
Effective Date: July 15, 2015

July 21, 2015 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
96 East Avenue, Suite 1, Norwalk, CT 06851
Effective Date: July 15, 2015

July 21, 2015 (MB-MBD)
Full Service Branch
GuardHill Financial Corp. D/B/A GuardHill Mortgage
8461 Lake Worth Road, Suite #1-112, Lake Worth, FL 33467
Effective Date: June 04, 2015


The following Registered Mortgage Brokers have failed to fully pay the general assessment, in violation of Section 206 of the Financial Services Law. Their mortgage broker registrations have expired, pursuant to Section 592-a of the New York Banking Law.

July 21, 2015 (BR-MBD)
P.A. Dominguez, Inc. DBA First Network Mortgage Company
72 Belvedere Drive, Yonkers, NY 10705

July 21, 2015 (BR-MBD)
Edward L Koester
1457 Knapp Street, Bronx, NY 10469

July 21, 2015 (BR-MBD)
Township Property Finance & Consulting Corp.
68 South Service Road, Suite 100, Melville, NY 11747

July 21, 2015 (BR-MBD)
First Capital Funding Inc.
1119 Nostrand Avenue, Brooklyn, NY 11225

July 21, 2015 (BR-MBD)
Becker Real Estate Services, Inc.
34 Forest Avenue, Lynbrook, NY 11563 2634

July 21, 2015 (BR-MBD)
Young Hoon Kim
10 Van Gelder Court, Ramsey, NJ 07446 2244

July 21, 2015 (BR-MBD)
BMC Productions Mortgage Co.
424 Webster Avenue, New Rochelle, NY 10801 3224

July 21, 2015 (BR-MBD)
Professional Mortgage Solutions, Inc.
62-81 Woodhaven Blvd., Rego Park, NY 11374

July 21, 2015 (BR-MBD)
Thaniel J. Beinert
155 Bay Ridge Avenue, Brooklyn, NY 11220

July 21, 2015 (BR-MBD)
Yes Funding Corp.
1600 Calebs Path Extension, Suite 117, Hauppauge, NY 11788

July 21, 2015 (BR-MBD)
Nicholas Palumbo DBA
The Money Express
52 Harrigan Road, Hopewell Junction, NY 12533

July 21, 2015 (BR-MBD)
Northern Funding Corp.
1407 Route 9, Suite 7, Clifton Park, NY 12065

July 21, 2015 (BR-MBD)
Bluestone Mortgage Corp.
70 Karol Place, Jericho, NY 11753 1321

July 21, 2015 (BR-MBD)
George Fuchs DBA
Pace Mortgage Capital
303 Fifth Avenue, New York, NY 10016 6601

July 21, 2015 (BR-MBD)
Best Funding, LLC
420 Jericho Turnpike, Suite 205, Jericho, NY 11753 1344

July 21, 2015 (BR-MBD)
Efficiency Funding LLC
3017 Beverly Road, Brooklyn, NY 11226

July 21, 2015 (BR-MBD)
Figueredo Realty Ltd.
37-31 76th Street, Jackson Heights, NY 11372

July 21, 2015 (BR-MBD)
New Apple Funding Corp.
97-49 102nd Street, 1st Floor, Ozone Park, NY 11416 2619

July 21, 2015 (BR-MBD)
Homequest Mortgage & Financial Services Corp.
250 Fulton Avenue, Suite 420, Hempstead, NY 11550

July 21, 2015 (BR-MBD)
Randal L. Miller d/b/a
Atlantic Security Financial
39 Meadow Glen Road, Northport, NY 11768 2709

July 21, 2015 (BR-MBD)
Noble Mortgage, Inc.
2298 First Avenue, 2nd Floor, New York, NY 10035

July 21, 2015 (BR-MBD)
First Community Resources, Inc.
74-09 37th Avenue, Suite 415, Jackson Heights, NY 11372

July 21, 2015 (BR-MBD)
Syamni Funding Inc.
135-30 Rockaway Boulevard, Suite 201, South Ozone Park, NY 11420 3023

July 21, 2015 (BR-MBD)
Benchmark Home Equities Inc.
1225 Helderberg Avenue, Schenectady, NY 12306 4812

July 21, 2015 (BR-MBD)
Choice "1" Funding LLC
3734 Route 30, Amsterdam, NY 12010 6245

July 21, 2015 (BR-MBD)
Silver Lining Funding Inc.
154-2 Remington Boulevard, Suite 4, Ronkonkoma, NY 11779

July 21, 2015 (BR-MBD)
Equity Capital Funding Group, Inc.
95-20 63rd Road, Suite M, Rego Park, NY 11374 1145

July 21, 2015 (BR-MBD)
Feeney Funding, Inc.
880 West Beach Street, Long Beach, NY 11561 1543

July 21, 2015 (BR-MBD)
Money Market Mortgage, LLC
1343 Sullivan Avenue, 2nd Floor, South Windsor, CT 07074 2714

July 21, 2015 (BR-MBD)
Ryming Funding Corporation
3602 East Tremont Avenue, Bronx, NY 10465

July 21, 2015 (BR-MBD)
Manny M. Zevallos D/B/A
MZ Capital
3130 Brighton 6th Street, 1E, Brooklyn, NY 11235

July 21, 2015 (BR-MBD)
TNI Finances, Inc.
626 Rexcorp Plaza, Suite 675, Uniondale, NY 11556 0626

July 21, 2015 (BR-MBD)
Mortgage Links Inc.
2043 Richmond Avenue, Staten Island, NY 10314 3900

July 21, 2015 (BR-MBD)
American Capital Mortgage, Inc
439 Main Street, Suite 102, Orange, NJ 07050 1523

July 21, 2015 (BR-MBD)
Zenta Mortgage Services, LLC
8336 Forest Point Boulevard, Charlotte, NC 28273 5601
Branch Offices:
2221 Savannah River Street, Henderson, NV 89044

July 21, 2015 (BR-MBD)
Embassy Funding LLC
145 Main Street, 2nd Floor, Nyack, NY 10960 3013

July 21, 2015 (BR-MBD)
Blackrock Financial Group, LLC
87 Fort Greene Place, Brooklyn, NY 11217 1203

July 21, 2015 (BR-MBD)
Central Lending Services Inc. D/B/A Credit Central
668 Woodbourne Road, Suite 104, Langhorne, PA 19047 1820


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

July 21, 2015 (BR-MBD)
AOK Funding, Inc.
1723 East 12th Street, 4th Floor, Brooklyn, NY 11229 1069

July 22, 2015 (BR-MBD)
Choice "1" Funding LLC
3734 Route 30, Amsterdam, NY 12010 6245


Mortgage Broker Certificate Address Changes:

July 20, 2015 (BR-MBD)
Lifton Financial Group, L.L.C.
From: 1983 Marcus Avenue, Suite 106, Lake Success, NY 11042
To: 1979 Marcus Avenue, Suite 210, Lake Success, NY 11042 1022


The following licensed Mortgage Banker has entered into a Settlement Agreement with the Department, in lieu of a hearing for a fine or revocation of its mortgage banker license to settle violations of Section 591(3) of the New York Banking Law for utilizing a domain name prior to receiving authorization from the Department; and Section 301(a)(5)(B) of the New York Business Corporation Law for using restricted words without authorization from the Department.  The Settlement Agreement terms and conditions include a fine of $10,000.   Date of Settlement Agreement:  July 7, 2015

July 20, 2015 (MB-MBD)
Residential Home Funding Corp.
707 Westchester Avenue, Suite 305, White Plains, NY 10604


 

The following licensed mortgage banker paid a $7,500 fine in connection with violations of Article 12-D, Section 591 of the New York Banking Law, for utilizing a domain name prior to receiving authorization from the Department; and Article 12-D, Section 593 of the New York Banking law, for conducting business at a location or in a name other than that which is shown on its license.

July 22, 2015 (MB-MBD)
Odyssey Funding LLC
475B Chestnut Street, 2nd Floor, Cedarhurst, NY 11516


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

July 10, 2015

1215549

Michael Anthony Maffucci III

Oyster Bay Cove

NY

Lynx Mortgage Bank LLC


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:


Date Application Withdrawn

NMLS ID

Name of Applicant

City & State of Residence

June 8, 2015

1184619

Valerie Lynn Hetz

Troy

MO

July 20, 2015

67035

Peter Thomas Mallon

Greeley

PA

July 21, 2015

112023

Christopher Mark Burroughs

Anaheim

CA



 

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