Weekly Bulletin
June 29, 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 |
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REGULATORY UNIT CODES
CRB |
Community and Regional Banks |
CSD |
Consumer Services |
FWB |
Foreign and Wholesale Banks |
LFS |
Licensed Financial Services |
MBD |
Mortgage Banking |
June 29, 2012
CALL FOR REPORTS
The Superintendent of Financial Services issues a call for reports of condition and income from banks, trust companies and private bankers as at the close of business June 29, 2012. In accordance with Part 23 of the General Regulations, those banks and trust companies which file similar reports with the Federal Reserve Bank of New York or the Federal Deposit Insurance Corporation do not have to file separate reports with this Department. Banks, trust companies, and private bankers that are required to file reports with the Department of Financial Services are reminded that failure to file these reports by August 1, 2012 will result in a violation of Sections 37, 125 or 176 of the Banking Law which authorize fines for each day an institution is delinquent in filing of any required report.
SECTION l
May 10, 2012 (CU-CRB)
AMERICU CREDIT UNION
1916 Black River Boulevard, Rome, NY 13440
Application dated April 26, 2012, for permission to change the location of station from 20991 NYS Route 3, Suite 2, Watertown, Jefferson County, NY 13601 to 871 Arsenal Street, Watertown, Jefferson County, NY 13601, received.
June 11, 2012 (MI-CRB)
HABIB FAMILY TRUST
MUHAMMAD HABIB
Kusnacht, Switzerland
Application, pursuant to Section 143-b of the Banking Law, for Muhammad Habib, as successor trustee of the Habib Family Trust, to acquire indirect control of Habib American Bank, New York, New York, received.
The comment period on this application will expire on July 30, 2012.
June 11, 2012 (MI-CRB)
MUHAMMAD HABIB
Kusnacht, Switzerland
MAHAM BETEILIGUNGSGESELLSCHAFT AG
Zurich, Switzerland
Application, pursuant to Section 143-b of the Banking Law, for Muhammad Habib to acquire indirect control of Habib American Bank, New York, New York, as a result of his becoming a control party of Maham Beteiligungsgesellschaft AG, Zurich, Switzerland, which has a controlling interest in the bank, received.
The comment period on this application will expire on July 30, 2012.
June 12, 2012 (CU-CRB)
SOUTHWEST CHICAGO CHAPTER CREDIT UNION
555 West 31st Street, Chicago, Illinois 60616
Application dated May 16, 2012, for permission to open and maintain a station at 111 West 26th Street, New York, County of New York, NY 10001, received.
June 25, 2012 (BK-CRB)
THE BERKSHIRE BANK
4 East 39th Street, New York, NY 10016
Notice of intention to close branch office at 50 South Church Street, Goshen, Orange County, NY 10924, received.
The comment period on this notice will expire July 30, 2012.
June 26, 2012 (SB-CRB)
RIDGEWOOD SAVINGS BANK
71-02 Forest Avenue, Ridgewood, NY 11385
Notice of intention to establish an electronic facility (automated teller machine) at Family Fun Day, 500 Bayside Drive, Breezy Point, Borough of Queens, City of New York 11697, received.
(This is a mobile facility which is to operate on July 28, 2012, and annually thereafter at the above event.)
Application to engage in the business of a Mortgage Broker under Article 12-D of the New York State Banking Law received for examination:
June 27, 2012 (BR-MBD)
Applicant(s)
Alberto M. Cairo
David J. Miller
Stefano Sola
Randi A. Sellari
Kurt W. Heide
J.G. Wentworth, LLC
As: J.G. Wentworth Home Equity Services, LLC D/B/A J.G. Wentworth Mortgage
3301 Quantum Boulevard, 2nd Floor, Boynton Beach, FL 33426 8669
Application to establish a Mortgage Loan Servicer’s Branch received for examination, is amended to read as an “Application to establish a Mortgage Loan Servicer (not branch) amended to read as follows:
From:
October 26, 2011 (MLS-MBD)
Applicant(s)
Jacob C. Cherner
Steven L. Harvey
Bret J. Maloney
Property Acceptance Corp.
As: MGC Mortgage, Inc.
7195 Dallas Parkway, Plano, TX 75024
To:
June 14, 2012 (MLS-MBD)
Applicant(s)
Jacob C. Cherner
Steven L. Harvey
Bret J. Maloney
Timothy H. Taylor
Property Acceptance Corp.
As: MGC Mortgage, Inc.
7195 Dallas Parkway, Plano, TX 75024
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 27, 2012 (BR-MBD)
Applicant(s)
George E. Herghelegiu, Jr.
To acquire interest in:
Absolute Home Mortgage Corporation
279 Browertown Road, West Paterson, NJ 07424 2663
Application to engage in the business of a Mortgage Broker under Article 12-D of the New York State Banking Law received for examination, amended to read as follows:
From:
December 07, 2011 (BR-MBD)
Applicant(s)
Carl G. Bulgini, III
As: Fenwick Mortgage, LLC
745 Boston Post Road, Old Saybrook, CT 06475 2126
To:
June 19, 2012 (BR-MBD)
Applicant(s)
Christine M. Bulgini
As: Fenwick Mortgage, LLC
745 Boston Post Road, Old Saybrook, CT 06475 2126
From:
November 01, 2011 (BR-MBD)
Applicant(s)
Edmond Ng
As: Atlantic First Funding Corp. D/B/A Fast and Easy
19-02 Whitestone Expressway, Suite 102A, Whitestone, NY 11357
To: Atlantic First Funding Corp.
19-02 Whitestone Expressway, Suite 102A, Whitestone, NY 11357
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 30, 2012 |
888028 |
Paul Thomas Soutar |
Mt. Laurel |
NJ |
May 21, 2012 |
716745 |
Mauricio Alberto Ruiz |
North Providence |
RI |
May 24, 2012 |
891322 |
Fadey Talal Samhan |
Okemos |
MI |
June 22, 2012 |
194503 |
Andrew Paul Jones |
Fallsingston |
PA |
June 26, 2012 |
208859 |
Laura A. Ferraro |
Morristown |
NJ |
June 26, 2012 |
144186 |
Mark Lawrence Gerber |
Marlton |
NJ |
SECTION II
June 2, 2012 (FB-FWB)
WESTLB AG
Herzogstrasse 51, 40217 Düsseldorf, Germany
Application, pursuant to Section 203.2 of the Banking Law, to change the name of its branch, located at 7 World Trade Center, New York, New York, 10007 from WestLB AG to Portigon AG, approved.
June 20, 2012 (CU-CRB)
AMERICU CREDIT UNION
1916 Black River Boulevard, Rome, NY 13440
Application dated April 24, 2012, for permission to open and maintain a station at 5212 West Genesee Street, Camillus, Onondaga County, NY 13031, approved.
June 20, 2012 (CU-CRB)
AMERICU CREDIT UNION
1916 Black River Boulevard, Rome, NY 13440
Application dated April 24, 2012, for permission to open and maintain a station at 5439 North Burdick Street, Fayetteville, Onondaga County, NY 13066, approved.
June 21, 2012 (BP-LFS)
CLEARPOINT FINANCIAL SOLUTIONS, INC. ,U/A/N CLEARPOINT CREDIT COUNSELING SOLUTIONS
8000 Franklin Farms Dr., Richmond, VA 23229-5004
A license was issued to operate a budget planner branch office at 75 College Avenue, Rochester, Monroe County, NY 14607.
June 25, 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 8553 Fort Smallwood Road, Pasadena, Anne Arundel County, MD 21122, surrendered for cancellation.
Office discontinued as of June 15, 2012.
June 25, 2012 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203
Branch office temporarily located at 8553 Fort Smallwood Road, Pasadena, Anne Arundel County, MD 21122 pursuant to Certificate of Authorization dated September 22, 2011, returned to permanent site at 8493 Fort Smallwood Road, Pasadena, Anne Arundel County, MD 21122, effective June 16, 2012.
June 25, 2012 (MI-CRB)
INVESTORS BANK
101 JFK Parkway, Short Hills, NJ 07078
Authorization issued to open and occupy a branch office at 8601 21st Avenue, Borough of Brooklyn, City of New York 11214, on or after June 26, 2012.
June 27, 2012(FR-FWB)
MIZUHO CORPORATE BANK, LTD
3-3 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan
Representative office, formerly known as The Fuji Bank, Ltd located at 1251 Avenue of the Americas, New York, NY 10020 was closed and license voluntarily surrendered as of June 29, 2012.
June 27, 2012 (TR-FWB)
GOLDMAN SACHS BANK USA
200 West Street, New York, NY 10282
Notification received, in accordance with Supervisory Policy G 8, of the establishment of a representative office at 125 High Street, Boston, Suffolk County, MA 02110.
June 27, 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 Cheyney University, 1837 University Circle, Cheyney, Delaware County, PA 19319 for the limited purpose of opening accounts, on or after June 27, 2012.
(This branch is to be in operation periodically at this location.)
June 28, 2012 (SB-CRB)
NEW YORK COMMUNITY BANK
136-65 Roosevelt Avenue, Flushing, NY 11354
Branch office temporarily located at 142 Broad Street, Elizabeth, Union County, NJ 07201 pursuant to Certificate of Authorization dated April 15, 2010, returned to permanent site at 715 Elizabeth Avenue, Elizabeth, Union County, NJ 07201, effective June 20, 2012.
Certificate to engage in the business of a Mortgage Broker surrendered:
June 27, 2012 (BR-MBD)
Manhasset Bay Mortgage Company, LLC
31 South Bayles Avenue, Port Washington, NY 11050 3708
Effective Date: June 19, 2012
June 27, 2012 (BR-MBD)
WPS Marketing and Consulting, LLC
40 Turner Lane, Mount Kisco, NY 10549 4004
Effective Date: June 26, 2012
License to engage in the business of a Mortgage Banker Branch surrendered:
June 26, 2012 (MB-MBD)
Full Service Branch
Guaranteed Rate, Inc.
31 West Main Street, 2nd Floor, Freehold, NJ 07728
Effective Date: June 18, 2012
The following have been reinstated to the role of registered mortgage brokers. New mortgage brokerage residential property business may now be resumed:
June 22, 2012 (BR-MBD)
Veer Service, Inc. DBA B.F.S. Funding Company
78 Baldwin Road, Hempstead, NY 11550
June 25, 2012 (BR-MBD)
First Community Resources, Inc.
74-09 37th Avenue, Suite 415, Jackson Heights, NY 11372
June 26, 2012 (BR-MBD)
Homequest Mortgage & Financial Services Corporation
250 Fulton Avenue, Suite 420, Hempstead, NY 11550
June 26, 2012 (BR-MBD)
Wayne Courtney DBA Maica Funding
3664 White Plains Rd., 215th/216th St., Bronx, NY 10467
June 26, 2012 (BR-MBD)
Tychor Mortgage Enterprises, Inc.
333 Sylvan Avenue, Suite 101, Englewood Cliffs, NJ 07632 2705
June 26, 2012 (BR-MBD)
Platinum Home Finance, Inc.
1101 Stewart Avenue, Suite 303, Garden City, NY 11530
June 26, 2012 (BR-MBD)
Benchmark Home Equities Inc.
1225 Helderberg Avenue, Schenectady, NY 12306 4812
Application to assume inactive status as a registered mortgage broker pursuant to Article 12-D of the Banking Law approved:
June 26, 2012 (BR-MBD)
Country Lane Realty Inc. D/B/A Country Lane Mortgage
148 East Montauk Highway, Unit 7, Hampton Bays, NY 11946
Effective Date: June 07, 2012
Mortgage Broker Certificate Address Changes:
June 27, 2012 (BR-MBD)
LP Mortgage Solutions, Inc.
From: 4072 Route 28, Front Office, Boiceville, NY 12412
To: 83-07 54th Avenue, 2nd Floor, Elmhurst, NY 11373 4713
Mortgage Loan Servicer Certificate Address Changes:
June 26, 2012 (MLS-MBD)
Provident Funding Associates, LP
From: 1633 Bayshore Highway, Suite 155, Burlingame, CA 94010
To: 851 Traeger Avenue, Suite 100, San Bruno, CA 94066-3091
Mortgage Loan Servicer Branch Certificate Address Changes:
June 26, 2012 (MLS-MBD)
Provident Funding Associates, LP
From: 3435 Wilshire Boulevard, Los Angeles, CA 90010
To: 3435 Wilshire Boulevard, Suite 1770, Los Angeles, CA 90010
Application approved pursuant to Section 594-b of the New York Banking Law and Part 410 of the Superintendent's Regulations for a control interest:
June 21, 2012 (BR-MBD)
Applicant(s)
Citigroup Niagara Holdings LLC
To acquire interest in:
Morgan Stanley Smith Barney LLC
2000 Westchester Avenue, Purchase, NY 10577 2530
The mortgage broker is no longer a New York State approved FHA Mortgage Loan Correspondent and may no longer commit to make or advance funds on loans for property located in the State of New York.
June 22, 2012 (BR-MBD)
Agency For Consumer Equity Mortgages Inc
100 Clearbrook Road, Elmsford, NY 10573-1116
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 |
|
June 22, 2012 |
441911 |
John Fronczak |
E Amherst |
NY |
Premium Mortgage Corp. |
June 22, 2012 |
64695 |
Lou Ann Burgio |
Amherst |
NY |
Premium Mortgage Corp. |
June 22, 2012 |
354791 |
Lindsey Brook |
New York |
NY |
GuardHill Financial Corp. |
June 22, 2012 |
857951 |
David Weinbach Mr. |
Brooklyn |
NY |
Meridian Residential Capital, LLC |
June 22, 2012 |
847880 |
Gina Marie Guzzardo |
Shelby Twp. |
MI |
One Reverse Mortgage, LLC |
June 22, 2012 |
198180 |
James Michael D'Andrea |
Tempe |
AZ |
Quicken Loans Inc. |
June 22, 2012 |
424733 |
Heather Rose Samet |
Novi |
MI |
Quicken Loans Inc. |
June 22, 2012 |
397645 |
Patricia Sullivan Coulson |
Bloomfield Hills |
MI |
One Reverse Mortgage, LLC |
June 22, 2012 |
384670 |
Van William Calhoun |
Chatham |
NY |
SEFCU Services, LLC |
June 22, 2012 |
200533 |
Clay Drummond Richeson |
Farmington Hills |
MI |
Quicken Loans Inc. |
June 22, 2012 |
589511 |
Terri Lynn Vasta |
Hilton |
NY |
First Rochester Mortgage Corp. |
June 22, 2012 |
254232 |
Charles Benjamin Taylor |
Harrisonville |
MO |
New Day Financial, LLC |
June 22, 2012 |
221185 |
Joelle Blue |
Middletown |
NJ |
Crown Financial Services, Inc |
June 22, 2012 |
825584 |
Jonathan Yunatanov |
Great Neck |
NY |
Vanguard Funding LLC |
June 22, 2012 |
813593 |
Brian Joseph Morian |
Clinton Township |
MI |
Quicken Loans Inc. |
June 22, 2012 |
861234 |
Evan Douglas Missig |
Troy |
MI |
Quicken Loans Inc. |
June 22, 2012 |
248182 |
Fan Jiang |
Parsippany |
NJ |
Summit Mortgage Bankers, Inc. |
June 22, 2012 |
775440 |
Justin David Chace |
Wayne |
MI |
Quicken Loans Inc. |
June 22, 2012 |
884135 |
Ryan David Norton |
Cheektowaga |
NY |
Devere Mortgage Corporation |
June 22, 2012 |
680415 |
David P White Jr |
Farmington |
NY |
First Rochester Mortgage Corp. |
June 22, 2012 |
150886 |
Allen G Munier |
Long Beach |
NY |
RIVERSIDE FUNDING CORP |
June 22, 2012 |
826969 |
Michael John Stafford |
Harrison Township |
MI |
Quicken Loans Inc. |
June 22, 2012 |
762102 |
Danny Lee Mesa |
Denton |
TX |
Nationstar Mortgage LLC |
June 22, 2012 |
195967 |
Jeffrey Ryan Smith |
Columbus |
OH |
Residential Finance Corporation |
June 22, 2012 |
397633 |
Ryan Stephen Griffith |
Phoeniz |
AZ |
Quicken Loans Inc. |
June 22, 2012 |
774752 |
Mark Anthony Ventura |
Burton |
OH |
Quicken Loans Inc. |
June 22, 2012 |
420590 |
Tracie Lynn Chernowski |
Washingtonville |
NY |
Prospect Mortgage, LLC |
June 22, 2012 |
888643 |
William Daniel Schwegler |
Patchogue |
NY |
Reliance First Capital, LLC |
June 22, 2012 |
585485 |
Joyce Marie Ewart |
Grosse Pointe Woods |
MI |
One Reverse Mortgage, LLC |
June 22, 2012 |
838675 |
Manal Abrahem Ilayan |
Dearborn |
MI |
Quicken Loans Inc. |
June 22, 2012 |
836434 |
Segundo O Jarrin |
Queens |
NY |
Centex Capital Corp |
June 22, 2012 |
878134 |
Michael Curtis Smith |
Columbus |
OH |
Residential Finance Corporation |
June 22, 2012 |
665271 |
Michael Jason Stinner |
Lake Dallas |
TX |
Nationstar Mortgage 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 |
|
June 22, 2012 |
167538 |
Adam Craig Broder |
Freeport |
NY |
June 22, 2012 |
257734 |
Kevin M Greene |
Jersey City |
NJ |
June 22, 2012 |
493332 |
Cody Michael Higley |
Toledo |
OH |
June 22, 2012 |
133232 |
Shaun Palcher |
Philadelphia |
PA |
June 22, 2012 |
764621 |
Sean Paul Fitzpatrick |
Brooklyn |
NY |
June 22, 2012 |
160914 |
Achilles N Gatanas |
Haworth |
NJ |
