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New York State Department of Financial Services

Weekly Bulletin

March 16, 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

March 8, 2012 (BK-CRB)
CATTARAUGUS COUNTY BANK
116-120 Main Street, Little Valley, NY 14755

Application dated March 5, 2012 for permission to change the location of branch office from 110 Park Street, South Dayton, Cattaraugus County, NY 14138 to 517 Pine Street, South Dayton, Cattaraugus County, NY 14138, received.


March 8, 2012 (BK-CRB)
CATTARAUGUS COUNTY BANK
116-120 Main Street, Little Valley, NY 14755

Notice of intention to close branch office at 6770 Main Street, Cherry Creek, Chautauqua County, NY 14723, received.

The comment period on this notice will expire April 16, 2012.


March 14, 2012 (SF-LFS)
FRAZER MOTORS, INC.
6182 US Highway 11, Canto, St. Lawrence County, NY 13617

Application for a license to engage in business as a sales finance company was received.

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.


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

March 13, 2012 (MB-MBD)
Full Service Branch
United Northern Mortgage Bankers Limited
Senior Security Home Advantage
155 New Dorp Plaza, Suite 2-A, Staten Island, NY 10306


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

From:
February 29, 2012 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
24 Arnett Avenue, Suite 105, Lambertville, NY 08530

To:
February 29, 2012 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
24 Arnett Avenue, Suite 105, Lambertville, NJ 08530


Mortgage Banker License Name Change Received:

March 14, 2012 (MB-MBD)
From: Flaherty Funding Corporation

To: FFC Mortgage, Corp.


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

June 18, 2009

103901

Vaughn William Hunter

West Babylon

NY

May 25, 2011

328305

Jeffrey Steven Kincheloe

Columbia

MA

June 9, 2011

217594

Gardner Chanoe Lane

Westport

MA

September 14, 2011

373199

Andrew  Kovalenko

Brooklyn

NY

November 28, 2011

619447

Sharon Catalino

Hamburg

NJ

December 5, 2011

66883

Peter  Gibbes

Baldwin Harbor

NY

December 6, 2011

460203

Justin Pfeifer

Berkeley Heights

NJ

December 19, 2011

54208

Jose R Cruz

Neshanic Station

NJ

December 21, 2011

825449

Michael  Trezza

Belleville

NJ

January 4, 2012

63543

David Anthony Cosco

Middletown

NY

January 5, 2012

85095

Abdias D Ramos

Maplewood

NJ

January 11, 2012

279386

Kevin Hunter Krueger

Shrewsbury

NJ

January 18, 2012

509577

Craig  Campbell

Garden City

NY

January 20, 2012

826705

Joel  Lieberman

Monroe

NY

February 8, 2012

589985

George Tandy

Sea Cliff

NY

February 10, 2012

66855

Mauricio A Viecco

Jersey City

NJ

February 10, 2012

859057

Anthony Y Kwan

Roseville

CA

February 13, 2012

863373

Michael Joseph Blass

Maplecrest

NY

February 13, 2012

35046

Lawrence Joseph Wolf

Marlton

NJ

February 14, 2012

208871

Dianne D Horowicz

Montclair

NJ

February 15, 2012

840193

Jeffrey Paul Swiderski

Hope Valley

RI

February 15, 2012

19678

Matthew James Sullivan

Greenville

RI

February 15, 2012

853922

Charles Norton Kellogg

Westerly

RI

February 15, 2012

423049

Stephen Arthur Gossmann

East Greenwich

RI

February 15, 2012

857915

James Cody Fox

Ronaoke

TX

February 22, 2012

200058

Daniel  Yingling

Media

PA

February 22, 2012

156840

Joseph Patrick Moran

Valrico

FL

February 22, 2012

589974

Maria P Gross

Campbell Hall

NY

February 22, 2012

791943

Nicholas Andrew Natale

Glenwood

MD

February 27, 2012

441840

Cheryl A. Hess

Scotia

NY

February 27, 2012

838615

Carol  Macari

Whitestone

NY

February 28, 2012

390644

Marcus Edward Benkowski

Baltimore

MD

February 29, 2012

847866

Eric Kenneth Torri

Shelby Township

MI

February 29, 2012

864894

Brandon Charles Phillips

Irvine

CA

March 1, 2012

665271

Michael Jason Stinner

Lake Dallas

TX

March 13, 2012

248565

Thomas Applegate Howard

Cincinnati

OH

March 14, 2012

217413

Anthony William Palermo

Fort Mill

SC


SECTION II

March 9, 2012 (SB-CRB)
CROSS COUNTY FEDERAL SAVINGS BANK
79-21 Metropolitan Avenue, Middle Village, New York 11379

Application, pursuant to Section 411 of the Banking Law, for conversion of Cross County Federal Savings Bank from a federal savings association to a state-chartered mutual savings bank under the name of Cross County Savings Bank, approved by the Superintendent.


March 12, 2012 (CB-CRB)
USNY BANK
389 Hamilton Street, Geneva, New York 14456

The Superintendent’s approval in principle of the “Certificate of Amendment of the Organization Certificate of USNY Bank under Section 8005 of the Banking Law” was granted.

The amendment provides for: 1) an increase in the number of authorized shares of capital stock from 3,000,000 shares to 4,000,000 shares, all with par value of $5.00 each share; 2) create a class of series preferred stock; and 3) the elimination of the preemptive rights of shareholders.


March 12, 2012 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

Authorizations granting permission to open and occupy branch offices at the following two locations, surrendered for cancellation:

  1. Shoppers Food & Pharmacy, 7005 Manchester Boulevard, Alexandria, Fairfax County, VA 22310; and
  2. Shoppers Food & Pharmacy, 6200A Little River Turnpike, Alexandria, Fairfax County, VA 22312.

Offices discontinued as of March 6, 2012.


March 12, 2012 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Authorization granting permission to open and occupy a branch office at Shoppers Food & Pharmacy, 18066 Mateny Road, Germantown, Montgomery County, MD 20874, surrendered for cancellation.

Office discontinued as of March 7, 2012.


March 12, 2012 (PF-LFS)
PREMIUMS MADE EASY LLC
19 N. Village Avenue, Rockville Centre, NY  11570

License issued to engage in business as a premium finance company. 


March 13, 2012 (MI-CRB)
BEAL BANK USA
1970 Village Center Circle, Las Vegas, NV  89134

Authorization issued to open and occupy a branch office at 36 Mamaroneck Avenue, White Plains, Westchester County, NY 10601, on or after March 14, 2012.


March 14, 2012 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Notification received, in accordance with Supervisory Policy G 8, of the relocation of representative office from 8100 NE Parkway Drive (Suite 100), Vancouver, Clark County, WA 98662 to 4400 NE 77th Avenue (Suite 224), Vancouver, Clark County, WA 98662, effective April 2, 2012.


March 15, 2012 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY  14203

Authorizations granting permission to open and occupy branch offices at the following three locations, surrendered for cancellation:

  1. ShopRite Supermarket, 37 West Aylesbury Road, Timonium, Baltimore County, MD 21093;
  2. 301 West 11th Street, Wilmington, New Castle County, DE 19801; and
  3. Shoppers Food & Pharmacy, 47100 Community Plaza, Sterling, Loudoun County, VA 20164.

Offices discontinued as of March 9, 2012.


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

March 13, 2012 (BR-MBD)
All Western Mortgage, Inc.
8345 West Sunset Road, Suite 200, Las Vegas, NV 89113


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

March 09, 2012 (MB-MBD)
Carrington Mortgage Services, LLC
1610 East Saint Andrew Place, Suite B-150, Santa Ana, CA 92705 4931


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

March 14, 2012 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
14 Main Street, Suite 201, Madison, NJ 07940

March 14, 2012 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
31 West Main Street, 2nd Floor, Freehold, NJ 07728

March 14, 2012 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
30 Church Street, Suite 220, Belmont, MA 02478

March 14, 2012 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
24 Arnett Avenue, Suite 105, Lambertville, NJ 08530

March 14, 2012 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
1099 Wall Street, Suite 137, Lyndhurst, NJ 07071

March 14, 2012 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
234 Main Street, Suites 202 & 203, Woodbridge, NJ 07095

March 14, 2012 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
14 Ridgedale Avenue, Cedar Knolls, NJ 07927


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

March 13, 2012 (MB-MBD)
Full Service Branch
Freedom Mortgage Corporation d/b/a Jefferson Home Mortgage and Loan
17 Johnson Road, Suite 1, Mechanicville, NY 12118
Effective Date: February 22, 2012


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

March 12, 2012 (BR-MBD)
Homelink Funding, LLC
350 Theodore Fremd Avenue, Rye, NY 10580 1573

March 12, 2012 (BR-MBD)
Galaxy Mortgage Funding Corp.
160-31 Union Turnpike, Fresh Meadows, NY 11366 1937


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

March 13, 2012 (BR-MBD)
Good Luck Funding Service, Inc. D/B/A Good Luck Real Estate
7-8 Chatham Square - Suites 603 & 607, New York, NY 10038
Effective Date: February 13, 2012

March 13, 2012 (BR-MBD)
Advisors USA, Corp.
7408 Avenue T, Brooklyn, NY 11234 6205
Effective Date: March 05, 2012


Mortgage Banker License Name Changes:

March 14, 2012 (MB-MBD)
From: Homestead Financial Services, Inc.

To: Paragon Home Loans Inc.

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

January 14, 2011

70365

Matthew Evan Zimmerman

Cherry Hill

NJ

April 12, 2011

186374

Maxine Althea Reid

Cambria Heights

NY

August 2, 2011

151087

Joseph John Proia

Spencerport

NY

November 25, 2011

73340

Franklin Walton Sager

Port Crane

NY

March 13, 2012

374450

Michael Vahan Arzoumanian

Lake Forest

CA

March 13, 2012

171016

Julio Tony Vitolo

Mount Vernon

NY

March 14, 2012

534364

Wendy Nicole Beale

Glendale

AZ

March 14, 2012

758592

Charles Stephen Schleyer

Cranston

RI

March 14, 2012

396197

Solomon  Wieder

Brooklyn

NY

March 14, 2012

754644

Daniel Jeremiah Zink

Rochester

NY

March 14, 2012

826556

Keyon Lamont Grayer

Ann Arbor

MI


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

February 10, 2012

344142

Nick Armen Corey

Las Vegas

NV

All Western Mortgage, Inc.

March 8, 2012

113292

Mark Steven Lederman

Merrick

NY

Accurate Capital Corp


The following application published in Weekly Bulletin dated November 13, 2009 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

September  16, 2009

196487

Gary Merdinger

Brooklyn

NY


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