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New York State Department of Financial Services

Weekly Bulletin

January 6, 2012

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.This Weekly Bulletin may also be viewed online at the Department’s Web site at:  http://www.dfs.ny.gov

SECTION II
Section II 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

BP

Budget Planner

CC

Check Casher

CU

Credit Union

FA

Foreign Agency

FB

Foreign Branch

FR

Foreign Representative Office

HC

Holding Company

IC

Investment Company

LL

Licensed Lender

MK

Merchant Bank

MI

Miscellaneous

MB

Mortgage Banker

BR

Mortgage Broker

MS

Mortgage Servicer

PF

Premium Finance Agency

PB

Private Banker

SD

Safe Deposit Company

SF

Sales Finance Agency

SL

Savings and Loan Association

SB

Savings Bank

TM

Transmitter of Money

TR

Trust Company

REGULATORY UNIT CODES

CRB

Community and Regional Banks

CSD

Consumer Services

FWB

Foreign and Wholesale Banks

LFS

Licensed Financial Services

MBD

Mortgage Banking


SECTION l

December 29, 2011 (SB-CRB)
NORTHEAST COMMUNITY BANK
325 Hamilton Avenue, White Plains, NY 10601

Application, pursuant to Section 412 of the Banking Law, for the approval of the Superintendent of Financial Services for the conversion of NorthEast Community Bank from a Federal to a New York State charter, received.


January 4, 2012 (FR-FWB)
BANCO DE SABADELL, S.A.
Placa de Sant Roc, 20, 08201 Sabadell, Barcelona, Spain

Application for a license to establish and maintain a representative office at 1 Rockefeller Plaza, Borough of Manhattan, City of New York, received.


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

January 04, 2012 (MB-MBD)
Full Service Branch
Nationwide Equities Corporation
6565 Kinne Road, Office 5, Syracuse, NY  13215


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

May 9, 2008

8323

Teresa Louise Schembri

East Norwich

NY

February 7, 2011

325241

Nicholas Anthony Testani

Williston Park

NY

July 14, 2011

131677

Kurt  Nikolai

Canton

GA

August 17, 2011

333770

Patricia Maarie Lay

Orange

CA

September 19, 2011

40122

Peter Garrahan Browning

East Northport

NY


SECTION II

December 19, 2011 (CC-LFS)
SUNRISE CHECK CASHING SERVICES, LLC
580 Sunrise Highway, Baldwin, NY 11510-3068
Licenses to engage in business as casher of checks were surrendered for the following limited station locations:

  • Acme Bus Corp., 65 Court Street, Copiague, NY 11726
  • Baumann & Sons Buses, Inc., 65 Court Street, Copiague, NY 11726
  • Brookset Bus Stop, 65 Court Street, Copiague, NY 11726

December 31, 2011 (SB-CRB)
THE ELMIRA SAVINGS BANK, FSB
333 East Water Street, Elmira, NY 14901

The "Plan of Conversion", dated as of September 27, 2011, together with the "Organization Certificate of Elmira Savings Bank", were filed in the Office of the Superintendent of Financial Services, and an Authorization Certificate was issued in connection with the conversion of The Elmira Savings Bank, FSB from federal to state charter, pursuant to Section 412 of the Banking Law, under the name Elmira Savings Bank. The conversion became effective as of the close of business December 31, 2011.

In addition to the principal office noted above, the bank will maintain the following branch offices:

930 West Church Street, West Elmira, Town of Elmira, Chemung County,   NY 14905
1136 Pennsylvania Avenue, Southport, Town of Southport, Chemung County, NY 14904
3300 Chambers Road, Town of Big Flats, Chemung County, NY 14845
2149 Grand Central Avenue, Horseheads, Chemung County, NY 14845
301 East State Street, Ithaca, Tompkins County, NY 14850
2300 North Triphammer Road, Lansing, Tompkins County, NY 14850
702 South Meadow Street, Ithaca, Tompkins County, NY 14850
401 West Main Street, Montour Falls, Schuyler County, NY 14865
19 East Market Street, Corning, Steuben County, NY 14830
142 Main Street, Moravia, Cayuga County, NY 13118
77 South West Street, Homer, Cortland County, NY 13077


January 4, 2012 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Authorization issued to open and occupy a branch office at Timonium Center I, 1966 Greenspring Drive, Timonium, Baltimore County, MD 21093, on or after January 5, 2012.


January 4, 2012 (PB-FWB)
BROWN BROTHERS HARRIMAN & CO.
140 Broadway, New York, NY 10005

Verified Certificate to Continue Business approved and filed.


January 4, 2012  (MI-CRB)
BERKSHIRE BANK
24 North Street, Pittsfield, MA  01201

Application, pursuant to Section 337 of the Banking Law, to sell to NBT Bank N.A., Norwich, New York, the safe deposit business conducted at 49 State Route 296, Town of Windham, Greene County, NY 12496, approved.

(NBT Bank N.A. is to acquire the applicant's branch office at the above location, and the business of three other New York branches of the applicant.)


January 4, 2012, 2010 (FR-FWB)
THE OGAKI KYORITSU BANK, LTD
98 Kuruwamachi, Ogaki, Gifu, Japan

Representative office located at 630 Fifth Avenue, New York, NY 10111 was closed and its license voluntarily surrendered as of December 30, 2011.


January 4, 2012 (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 electronic facilities (automated teller machines) at the following four locations:

  1. Sheetz Inc. Convenience Store, 13433 NC Highway 210, Town of Benson, Johnston County, NC 27504;
  2. Sheetz Inc. Convenience Store, 600 Corporate Center Drive, Raleigh, Wake County, NC 27607;
  3. Sheetz Inc. Convenience Store, 505 Wendell Boulevard, Town of Wendell, Wake County, NC 27591; and
  4. Sheetz Inc. Convenience Store, 1408 North Eisenhower Drive, Beckley, Raleigh County, WV 25801.

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

January 03, 2012 (MB-MBD)
Live Well Financial, Inc.
1 Capitol Square, 830 East Main Street, Suite 1000
Richmond, VA 23219

January 04, 2012 (MB-MBD)
FOM Lending, LLC In Lieu of True Name First Option Mortgage, LLC
400 Galleria Parkway, Suite 1600, Atlanta, GA 30339 5934


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

January 03, 2012 (MLS-MBD)
Vericrest Financial, Inc.
13801 Wireless Way, Oklahoma City, OK 73131


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

January 03, 2012 (MLS-MBD)
Vericrest Financial, Inc.
16745 West Bernardo Drive, San Diego, CA  92127


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

January 04, 2012 (BR-MBD)
Pacific Western Financial Corp.
7 Smith Street, Suite 1, Merrick, NY 11566
Effective Date: December 15, 2011

January 04, 2012 (BR-MBD)
Constant Capital, Inc.
38-08 Bell Blvd., Bayside, NY 11361 2080
Effective Date: December 14, 2011


Application to assume inactive status as a registered mortgage broker pursuant to Article 12-D of the Banking Law approved:

January 03, 2012 (BR-MBD)
Gunsankar Naraine DBA Mecca Mortgage Financial Services
1185A Yonkers Avenue, Yonkers, NY 10704
Effective Date: December 12, 2011


Mortgage Broker Certificate Address Changes:

January 04, 2012 (BR-MBD)
Red Wagon Mortgage, L.L.C. D/B/A Senior Finance
From: 149 Madison Avenue, Suite 602, New York, NY 10016
To: 149 Madison Avenue, Suite 803, New York, NY 10016 6731

January 04, 2012 (BR-MBD)
First North Capital Corp.
From: 324 Farmingdale Road, Suite 100, West Babylon, NY 11704
To: 135 Deer Park Avenue, Suite 5, Babylon, NY 11702 2818

January 04, 2012 (BR-MBD)
Livingston Mortgage, Inc.
From: 460 Bergen Boulevard, Suite 306, Palisades Park, NJ 07650
To: 460 Bergen Boulevard, Suite 301, Palisades Park, NJ 07650 2345


The following mortgage broker is no longer a New York State approved FHA Mortgage Loan Correspondent and may no longer originate loans as such:

January 04, 2012 (BR-MBD)
Sandstone Mortgage Corporation
1934 Lowell Lane, Merrick, NY  11566


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 residential property:

Date Application Withdrawn

NMLS ID

Name of Applicant

City & State of Residence

April 12, 2011

36381

Christopher Scott Pacella

Newport

RI

December 29, 2011

382465

Michele Dorothy McIlwain

Yardley

PA

January 3, 2012

292799

Sarah Jayne Arnesen

Berkley

MI

January 3, 2012

45912

David Matthew Olander

Ledgewood

NJ

January 3, 2012

493356

Dara Kathryn Greene

Lakewood

OH

January 3, 2012

89135

Shirene  Hodgson

Hampton

NH

January 3, 2012

17912

David  Sadek

Fort Lee

NJ

January 3, 2012

385656

Ashley Tara Marini

Phoenix

AZ

January 3, 2012

144227

Robert Jay Siegel

Hauppauge

NY

January 3, 2012

376902

Paul Vincent Orena

Atlantic Beach

NY


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

December 29, 2011

326360

Kevin Anthony Ulrich

Lower Gwynedd

PA

Gateway Funding Diversified Mortgage Services, L. P.

December 29, 2011

166424

Nazimul  Razack

Jamaica

NY

MGN FUNDING CORP

December 29, 2011

797172

Jane A. Borbee

Scotia

NY

Homestead Funding Corp.

December 29, 2011

713731

Joshua Gordon Schusterman

Cleveland

OH

Quicken Loans Inc.

December 29, 2011

774858

Kimberly Ann Wisen

Madison

OH

Quicken Loans Inc.

December 29, 2011

774874

Andre Donielle Hall

Clinton Twp

MI

Quicken Loans Inc.

December 29, 2011

822375

Joseph Paul Shaia

Brooklyn

NY

Jabour Realty Company Inc

December 29, 2011

627919

Shannon Elizabeth Green

Liverpool

NY

Springleaf Home Equity, Inc.

December 29, 2011

263281

Jason James Hutcheon

Mission Viejo

CA

Network Capital Funding Corporation

December 29, 2011

314700

Dimitriy  Vernik

Owings Mills

MD

New Day Financial, LLC

December 29, 2011

420417

Kevin  Seinfeld

Port Washington

NY

Mortgage Master, Inc.

December 29, 2011

813552

Lydia Nassar Beydoun

Dearborn Heights

MI

Quicken Loans Inc.

December 29, 2011

779294

Dana Lee Vasko

Scottsdale

AZ

Quicken Loans Inc.

December 30, 2011

420359

Peter David Rosewicz

Akron

OH

Quicken Loans Inc.

December 30, 2011

804911

Matthew Robert Koch

Lackawanna

NY

Springleaf Home Equity, Inc.

December 30, 2011

813581

Lisa Leze Lulgjuraj

Washington Township

MI

Quicken Loans Inc.

December 30, 2011

774972

Keith Warren Becker

Canton

MI

Quicken Loans Inc.

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