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New York State Department of Financial Services

Weekly Banking Bulletin

June 3, 2016

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.

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

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

May 27, 2016 (TR-CRB)
STERLING TRUST COMPANY
21 Scarsdale Road, Yonkers, New York 10707

Organization Certificate received.

Incorporators
Lynn S. Bagliebter, Scarsdale, New York
James P. Blose, Fairfield, Connecticut
Vincent L. DeLucia, New City, New York
Michael E. Finn, Westport, Connecticut
Luis R. Massiani, Livingston, New Jersey
James R. Peoples, Sloatsburg, New York
Rodney C. Whitwell, Upper Saddle River, New Jersey

The comment period expires on July 5, 2016.


May 27, 2016 (TR-CRB)
STERLING TRUST COMPANY
21 Scarsdale Road, Yonkers, New York 10707

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


June 01, 2016 (PF-LFS)
AFCO CREDIT CORPORATION
14 Wall Street, Suite 8A-19, New York, NY 10005

Application received for a license to engage in business as an insurance premium finance agency at the following branch location:

16 Market Square, 1400 16th Street, Suite 400, Denver, CO 80202

The publication of receipt of this notification does not indicate that the notification is deemed complete. A notification is deemed complete and filed when all required and requested information has been provided to the Department by the licensee.


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

June 01, 2016 (MB-MBD)
Full Service Branch
Intercontinental Capital Group, Inc.
340 East Big Beaver Road, Troy, NY 48084


Mortgage Banker License Name Change Received:

May 31, 2016 (MB-MBD)
From: Prospect Mortgage, LLC
To: Prospect Mortgage, LLC D/B/A CapWest Mortgage


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:

June 01, 2016 (MB-MBD)
Applicant(s)
Alvin Mohammed Shah
Sohail Akber Halani
To acquire interest in:
FOM Lending, LLC In Lieu of True Name First Option Mortgage, LLC
3330 Cumberland Boulevard SE, Suite 800, Atlanta, GA 30339 5999

May 27, 2016 (MB-MBD)
Applicant(s)
A.G. ARC LLC
A.G. Mortgage Investment Trust, Inc.
A.G.MIT ARC, LLC
ARC Home LLC
To acquire interest in:
WEI Mortgage Corporation
2010 Corporate Ridge, Suite 750, McLean, VA 22102 7859


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 #

Applicant Name

City

State

February 4, 2016

813780

Douglas Earl Turner

Powell

Ohio

February 24, 2016

1432429

Philip Daniel Parmiter

Turnersville

New Jersey

March 7, 2016

1457903

Frank Pulice

New York

New York

March 29, 2016

22048

Lee Hamway

Brooklyn

New York

April 18, 2016

1448502

Hamza Ali

Staten Island

New York

April 21, 2016

1405652

William John Hughes

Chicago

Illinois

April 22, 2016

1374044

Ariel Luis Gomerez

Jamaica

New York

April 27, 2016

369803

Shivanand Kalipersadsingh

East Meadow

New York

April 29, 2016

1380927

Mom Preap Alford

Clairton

Pennsylvania

May 2, 2016

1460096

Jeffrey Martin Lloyd

Fort Lee

New Jersey

May 4, 2016

69083

Jeffrey Richard Williams

West Hempstead

New York

May 10, 2016

130763

Anthony Jacob Soss

Westlake

Ohio

May 10, 2016

1159907

Mohamad Ali Hamade

Dearborn

Michigan

May 11, 2016

47492

Michael Adam Zahorchak

Olmsted Township

Ohio

May 11, 2016

351619

Jennifer Susan Kananian

Rocky River

Ohio

May 11, 2016

131986

John Michael Flynn

Conroe

Texas

May 16, 2016

1313823

Benjamin Pipich

Southampton

Pennsylvania

May 17, 2016

1478716

Timothy Scott Cranston

Fishers

Indiana

May 17, 2016

829243

Brian Louis Regnier

Jacksonville

Florida

May 17, 2016

1289262

Jeffrey Scott Wilson

Greenwood

Indiana

May 18, 2016

1366217

Advin Vimal Chand

Phoenix

Arizona

May 18, 2016

1460939

Olja Bratic

Beverly Hills

Michigan

May 18, 2016

1288731

Gordon Louis Ganzini

Jacksonville

Florida

May 18, 2016

1262714

Marcus Adam Norman

Detroit

Michigan

May 18, 2016

1177984

Brandon James Wessel

Livonia

Michigan

May 18, 2016

267438

Michael Damian Puorro

Bridgewater

New Jersey

May 18, 2016

1465811

Scott Alan Doehrman

Brownsburg

Indiana

May 19, 2016

131952

Megan Jean Catlin

Fishers

Indiana

May 19, 2016

1409294

Charllene Angela Shinn

Detroit

Michigan

May 19, 2016

984916

Brennan Kennedy Tilow

Cleveland

Ohio

May 20, 2016

1425574

Jacob Devon Sahlhoff

Indianapolis

Indiana

May 24, 2016

114716

James Paul Thamann

Hinckley

Ohio

May 24, 2016

1140314

Brittney Victory Yount

Ashland

Missouri

May 24, 2016

1311556

Andrew Michael Weinstein

Dallas

Texas


SECTION II

April 26, 2016 (SF-LFS)
ASTA FUNDING, INC. D/B/A ASTA HOLDINGS
210 Sylvan Avenue, Englewood Cliffs, NJ 07632

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


May 31, 2016 (TR-CRB)
PATHFINDER COMMERCIAL BANK
214 West First Street, Oswego, NY 13126
PATHFINDER BANK (SB-CRB)
214 West First Street, Oswego, NY 13126

The Acting Superintendent of Financial Services has filed, pursuant to the provisions of Section 601-b of the New York Banking Law, as of May 31, 2016, a Plan of Merger, dated as of December 17, 2015, and other required documents, providing for the merger of Pathfinder Bank with and into Pathfinder Commercial Bank, under the name Pathfinder Bank. (Pathfinder Commercial Bank is amending its Organization Certificate to expand its powers to a full service commercial bank with trust powers.)

The following banking offices of Pathfinder Bank are now branch offices of Pathfinder Commercial Bank, under the name Pathfinder Bank:

291 State Route 104 East, Oswego, Oswego County, NY 13126
34 East Bridge Street, Oswego, Oswego County, NY 13126
3025 East Avenue (State Route 49), Central Square, Town of Hastings, Oswego County, NY 13036
5 West First Street South, Fulton, Oswego County, NY 13069
1897 Harwood Drive, Lacona, Oswego County, NY 13083
3361 Main Street, Mexico, Oswego County, NY 13114
6194 State Route 31, Town of Cicero, Onondaga County, NY 13039
109 West Fayette Street, Syracuse, Onondaga County, NY 13202

June 1, 2016 (SB-CRB)
THE DIME SAVINGS BANK OF WILLIAMSBURGH
209 Havemeyer Street, Brooklyn, NY 11211

Authorization issued to open and occupy a branch office at 149 Kent Avenue, Borough of Brooklyn, City of New York 11249, on or after June 2, 2016.


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

May 26, 2016 (MB-MBD)
Full Service Branch
United Northern Mortgage Bankers Limited D/B/A Senior Security Home Advantage
Additional DBA(S): Senior Security Advisors
1325 Patterson Plank Road, Unit 2B, Secaucus, NJ 07094
Effective Date: May 20, 2016

June 01, 2016 (MB-MBD)
Full Service Branch
iServe Residential Lending, LLC
345 South Avenue, 2nd Floor, Garwood, NJ 07027
Effective Date: May 24, 2016


Mortgage Banker Branch License Address Changes:

May 31, 2016 (MB-MBD)
Franklin First Financial, Ltd. D/B/A Franklin First Mortgage Bankers
Additional DBA(S): Presidents First Mortgage Bankers
Senior Funding Group
From: Two Executive Drive, Suite #780, Fort Lee, NJ 07024
To: 1325 Paterson Plank Road, Unit 2C, Secaucus, NJ 07094

May 31, 2016 (MB-MBD)
Vanguard Funding LLC
From: 490 Wheeler Road, Suite #104, Hauppauge, NY 11788
To: 490 Wheeler Road, Suite #290, Hauppauge, NY 11788


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 #

Applicant Name

City

State

May 26, 2016

3503

Carole Beth Tomaras

Island Park

New York

May 26, 2016

1429073

Justin Daniel Lee

Rochester Hills

Michigan

May 27, 2016

369757

Abiola K Majekodunmi

Morganville

New Jersey

May 27, 2016

1066092

Abdallah Ali Noureddine

Dearborn Heights

Michigan

 

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