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New York State Department of Financial Services

Weekly Banking Bulletin

April 15, 2016

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 VC Virtual Currency

Regulatory Unit Codes

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


SECTION I

April 4, 2016 (TR-CRB)

FIVE STAR BANK
55 North Main Street, Warsaw, NY 14569

Application dated April 1, 2016, for permission to open and occupy a branch office at 100 Chestnut Street, Rochester, Monroe County, New York 14604, received.


April 4, 2016 (SB-CRB)
RIDGEWOOD SAVINGS BANK
71-02 Forest Avenue, Ridgewood, NY  11385

Application dated March 30, 2016, for permission to open and occupy a branch office at The Bristal Assisted Living at Lake Grove, 2995 Middle Country Road, Village of Lake Grove, Suffolk County, New York 11755, received.

(This location is to be serviced by a mobile branch facility on a periodic basis.)


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

April 13, 2016 (MB-MBD)
Full Service Branch
PHH Mortgage Corporation D/B/A PHH Mortgage Services
Additional DBA(S): Instamortgage.com
Mortgagesave.com
Coldwell Banker Mortgage
ERA Mortgage
Century21 Mortgage
Domain Distinctive Property Finance
2000 Auburn Drive, Suite #200, Office #218, Beachwood, OH 44122

April 13, 2016 (MB-MBD)
Full Service Branch
Family First Funding LLC
1000 Woodbridge Center Drive, Suite #101, Woodbridge, NJ 07095

April 13, 2016 (MB-MBD)
Full Service Branch
Homestead Funding Corp.
1600 Englewood Road, Suite A, Englewood, FL 34223


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.

Application Received Date

NMLS #

Applicant Name

City

State

March 4, 2016

229999

Salvatore Saccone

Lyndhurst

New Jersey


SECTION II

March 4, 2016 (SF-LFS)
EMCC, Inc.   
5401 N. Pima Road, Suite 150, Scottsdale, AZ 85250

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


March 31, 2016 (CU-CRB)
MONTAUK CREDIT UNION
111 West 26th Street, New York, NY 10001

On September 18, 2015, the Acting Superintendent of the Department of Financial Services took possession of the business and property of Montauk Credit Union (“Montauk”), a New York State-chartered credit union, and appointed the National Credit Union Administration (“NCUA”) as conservator of Montauk pursuant to Section 634 of the Banking Law.

As conservator, the NCUA determined that merging Montauk into Bethpage Federal Credit Union (“Bethpage”) was in the best interests of its members.  Consequently, Montauk merged into Bethpage, effective March 31, 2016.


April 6, 2016 (BP-LFS)
MONEY MANAGEMENT INTERNATIONAL, INC.
14141 Southwest Freeway, Suite 1000, Sugar Land, Fort Bend County, Texas 77478

A rider was issued in connection with the following branch office relocation
FROM:  26 Court Street, Suite 2610, Brooklyn, Kings County, NY 11242
TO:         One Pierrepont Plaza, 300 Cadman Plaza West, 12th Floor, Office #12162, Brooklyn, Kings County, NY 11201.


April 8, 2016 (MI-CRB)
METRO CITY BANK
5441 Buford Highway, Doraville, GA 30340

Authorization Certificate issued February 11, 2016 granting permission to open and occupy a branch office at 212-14 Northern Boulevard, Bayside, Borough of Queens, City of New York 11361, surrendered for cancellation.

This office was never operational.


April 11, 2016 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

Notification received, in accordance with Supervisory Policy G8, of the establishment of a representative office to be located at 6000 Town Center Boulevard, Canonsburg (Cecil Township), Washington County, Pennsylvania 15317.


April 11, 2016 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

Notification received, in accordance with Supervisory Policy G8, of the establishment of a representative office to be located at 3280 Peachtree Road, NE, Atlanta, Fulton County, Georgia 30305.


April 12, 2016 (TR-CRB)
CHEMUNG CANAL TRUST COMPANY
One Chemung Canal Plaza, Elmira, New York 14902

As provided in Section 28-c of the Banking Law, the Superintendent of Financial Services has found that the proposed closing of branch office at 202 The Commons, Ithaca, Tompkins County, NY 14850, will not result in a significant reduction of banking services in the community to be affected.


April 12, 2016 (BK-CRB)
JEFF BANK
4864 State Route 52, Jeffersonville, NY 12748

Authorization issued to open and occupy a branch office at 20-22 Fowler Street, Port Jervis, Orange County, New York 12771, on or after April 13, 2016.


April 12, 2016 (BK-CRB)
NEWBANK
146-01 Northern Boulevard, Flushing, NY 11354

Authorization issued to open and occupy a branch office at 475 Park Avenue, Fort Lee, Bergen County, New Jersey 07024, on or after April 13, 2016.


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

April 12, 2016 (MB-MBD)
Full Service Branch
Van Dyk Mortgage Corporation
6601 Memorial Highway, Suite #117, Tampa, FL 33615

April 13, 2016 (MB-MBD)
Full Service Branch
Intercontinental Capital Group, Inc.
100 Merrick Road, Suite #516E, Rockville Centre, NY 11570

April 13, 2016 (MB-MBD)
Full Service Branch
Intercontinental Capital Group, Inc.
1562 Richmond Road, Suite #202B, Staten Island, NY 10304

April 13, 2016 (MB-MBD)
Full Service Branch
Vanguard Funding LLC
365 West Passaic Street, Suite #187, Rochelle Park, NJ 07662

April 13, 2016 (MB-MBD)
Full Service Branch
Vanguard Funding LLC
2901 Long Beach Road, Suites #9 & 10, Oceanside, NY 11572


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:

March 31, 2016 (BR-MBD)
Applicant(s)
Cinthia Chung-Yip
To acquire interest in:
Vantage Mortgage LLC
6222 18th Avenue, 2nd Floor, Brooklyn, NY 11204


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

April 07, 2016 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
21240 Ridgetop Circle, Suite #115, Sterling, VA 20166
Effective Date: March 30, 2016

April 13, 2016 (MB-MBD)
Full Service Branch
PrimeLending, A PlainsCapital Company
33 Blair Park #202, Williston, VT 05495
Effective Date: March 28, 2016


Mortgage Banker Branch License Address Changes:

April 13, 2016 (MB-MBD)
Cardinal Financial Company, LP D/B/A Sebonic Financial
From: 375 N. Stephanie Street, Suite 1911, Henderson, NV 89014
To: 375 N. Stephanie Street, Suite 1011, Henderson, NV 89014


The following application published in Weekly Bulletin dated April 08, 2016 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

April 11, 2016

1387512

Alexandra Bradley Sullivan

Detroit, MI


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

City

State

April 8, 2016

1304020

Robert Louis Patterson

St. Augustine

Florida

April 5, 2016

322563

Dustin Edward Flassig

St. Louis

Missouri


 


 

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