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Weekly Bulletin
February 14, 2003 SECTION I This section records the receipt of applications and notices to the Banking Department. Applications and notices received by the U.S. Financial Services, Foreign Financial Services, Community Financial Services and Licensed Financial Services Divisions are listed in order of date of receipt; applications and notices received by the Mortgage Banking Division 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 BANKING DEPARTMENT. Any comment on, or objection to, any item contained in this Weekly Bulletin should be presented to the Banking 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 which concern CRA-related applications, should be either (a) delivered by mail or in person to The Secretary of the New York State Banking Board, 1 State Street, New York, New York 10004-1417 before the stated deadline or (b) transmitted by e-mail to BBSecretary@banking.state.ny.us. To view only those current and pending Section I applications and notices which are CRA-related, please click here. SECTION II This section records actions taken by the Superintendent of Banks and/or the Banking Board, and other information concerning the activities of the Banking Department. Actions relating to institutions supervised by the U.S. Financial Services, Foreign Financial Services, Community Financial Services and Licensed Financial Services Divisions are listed in order of date of action; actions relating to institutions supervised by the Mortgage Banking Division are listed at the end of Section II by type of action taken. SECTION III This section provides notification of the filing by federally-chartered institutions of applications for new branches to be located in New York received from Mr. Fred D. Finke, Deputy Comptroller, Northeastern District, 1114 Avenue of the Americas, Suite 3900, New York, NY 10036 and Ms. Karen M. Cervera, Corporate Activities, Office of Thrift Supervision, 10 Exchange Place, 18th Floor, Jersey City, NJ 07302. Any comment or objection in relation to any application in Section III should be communicated immediately to the supervisor of the institution involved, with a copy furnished to this office. This section is provided as a courtesy to New York State-regulated banking institutions; additional information relating to federally-chartered institutions is available in the Office of the Comptroller of the Currency’s Weekly Bulletin or their Web Site: http://www.occ.treas.gov and via the Office of Thrift Supervision's Web Site at: http://www.ots.treas.gov. 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 Banking Department Division which has supervisory responsibility for the institution. The following is a list of the codes and their meanings:
Division Codes USFSD = U.S. Financial Services Division SECTION I January 30, 2003 (CC-LFS) Application for a license to engage in business as a licensed casher of checks at 691 Co-op City Boulevard, Bronx County, Bronx, New York 10475 received. (Branch) February 3, 2003 (SB-CFSD) Notice of intention to establish an electronic facility (automated teller machine) at Mimi's Drive Inn, 201 North Second Street, Fulton, Oswego County, New York 13069, received. February 6, 2003 (PF-LFS) Application for license to engage in business as an insurance premium finance agency received. February 11, 2003 (PF-LFS) Application for a license to engage in business as an insurance premium finance agency at 3789 Merrick Road, Seaford, Nassau County, New York 11783 has been received. February 12, 2003 (SF-LFS) In connection with the applicant's change of name and location, the bulletin dated October 25, 2002 is updated to read as follows: application for a license to engage in business as a sales finance company at 115 Broadhollow Road, Melville, Suffolk County, New York 11747, has been received. 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: October 15, 2002 (BR-MBD) December 16, 2002 (BR-MBD) January 10, 2003 (BR-MBD) January 16, 2003 (BR-MBD) Application to engage in the business of a Mortgage Broker under Article 12-D of the New York State Banking Law received for examination: February 07, 2003 (BR-MBD) February 07, 2003 (BR-MBD) February 07, 2003 (BR-MBD) February 11, 2003 (BR-MBD) Application to establish a Mortgage Banker's Branch received for examination: October 18, 2002 (MB-MBD) February 10, 2003 (MB-MBD) February 10, 2003 (MB-MBD) February 11, 2003 (MB-MBD) February 11, 2003 (MB-MBD) February 12, 2003 (MB-MBD) Application to establish a Mortgage Broker's Branch received for examination: February 07, 2003 (BR-MBD) February 07, 2003 (BR-MBD) February 07, 2003 (BR-MBD) February 07, 2003 (BR-MBD) February 07, 2003 (BR-MBD) February 07, 2003 (BR-MBD) February 07, 2003 (BR-MBD) February 07, 2003 (BR-MBD) February 07, 2003 (BR-MBD) February 07, 2003 (BR-MBD) February 07, 2003 (BR-MBD) February 11, 2003 (BR-MBD) February 11, 2003 (BR-MBD) February 11, 2003 (BR-MBD) February 11, 2003 (BR-MBD) February 12, 2003 (BR-MBD) 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: August 28, 2002 Amended to read as follows: February 13, 2003 SECTION II January 31, 2003 (SF-LFS) License to engage in business at 600 Anton Boulevard, Costa Mesa, Orange County, California 92626 as a sales finance company has been surrendered. (Branch) February 5, 2003 (BK-FFSD) Application, pursuant to Section 225 of the Banking Law to merge California Chohung Bank with and into Chohung Bank of New York, approved. February 5, 2003 (CC-LFS) Licenses to engage in business as a limited station at the following addresses have been surrendered. (Branches)
February 5, 2003 (SB-CFSD) In accordance with the requirements of Section 28-c of the Banking Law, the Superintendent of Banks has found that the proposed closing of the branch office located at 277 Park Avenue, Borough of Manhattan, City of New York 10172 will not result in a significant reduction of banking services in the community to be affected. February 5, 2003 (TR-CFSD) Authorization issued to open and occupy a branch office at 86-88 North Street, Auburn, Cayuga County, New York 13021, on or after February 5, 2003. February 6, 2003 (CC-LFS) Limited station check casher license surrendered effective January 30, 2003, at the following location: Design Works Crafts, 170 Wilbur Place, Bohemia, Suffolk County, New York 11716, every Thursday. (Branch) February 6, 2003 (TM-LFS) License to engage in business as a transmitter of money has been surrendered. February 11, 2003 (CC-LFS) License issued to engage in business as a licensed casher of checks at 102-26 Atlantic Avenue, Ozone Park, Queens County, New York 11416. (Branch) February 12, 2003 (CC-LFS) License issued to engage in business as a licensed casher of checks at 105 East Jefferson Street, Syracuse, Onondaga County, New York 13202. (Branch) February 13, 2003 (TR-CFSD) Authorization issued to temporarily change the location of a branch office from 284 East Fairmount Avenue, Lakewood, Chautauqua County, New York 14750 to 567 Fairmount Avenue, Jamestown, Chautauqua County, New York 14701, on or after February 13, 2003. February 13, 2003 (LL-LFS) Applications filed pursuant to Article IX of the Banking Law, Section 345, for the Superintendent's prior approval for changes of control through the indirect acquisitions of all of the outstanding capital stock of the following licensed lenders accepted: Beneficial New York Inc. Household Automotive Credit Corporation Household Finance Corporation III The applicant will acquire all of the stock of Household International, Inc., which owns all of the stock of the above-mentioned licensees.
February 13, 2003 (SF-LFS) Applications filed pursuant to Article 11-B of the Banking Law, Section 492-a, for the Superintendent's prior approval for changes of control through the indirect acquisitions of all of the outstanding capital stock of the following licensed sales finance companies accepted: Household Automotive Finance Corporation Household Recovery Services Corporation Household Retail Services, Inc. The applicant will acquire all of the stock of Household International, Inc., which owns all of the stock of the above-mentioned licensees.
Certificate issued to engage in the business of a Mortgage Broker under Article 12-D of the New York Banking Law: February 06, 2003 (BR-MBD) February 06, 2003 (BR-MBD) February 06, 2003 (BR-MBD) License issued to engage in the business of a Mortgage Banker Branch under Article 12-D of the New York Banking Law: February 11, 2003 (MB-MBD) February 11, 2003 (MB-MBD) Certificate issued to engage in the business of a Mortgage Broker Branch under Article 12-D of the New York Banking Law: February 11, 2003 (BR-MBD) February 11, 2003 (BR-MBD) February 11, 2003 (BR-MBD) February 11, 2003 (BR-MBD) February 11, 2003 (BR-MBD) License to engage in the business of a Mortgage Banker surrendered with prejudice. February 13, 2003 (MB-MBD) Certificate to engage in the business of a Mortgage Broker surrendered: February 07, 2003 (BR-MBD) Certificate to engage in the business of a Mortgage Broker Branch surrendered: February 11, 2003 (BR-MBD) The following have been reinstated to the role of Registered Mortgage Brokers. New mortgage brokerage residential property business may now be resumed: February 06, 2003 (BR-MBD) February 07, 2003 (BR-MBD) Applications filed pursuant to Section 594-b of the New York Banking Law and Part 410 of the Superintendent's Regulations for prior approval for changes of control through the indirect acquisitions of all of the outstanding capital stock of the following licensed Mortgage Bankers accepted: February 13, 2003 (MB-MBD) To acquire an interest in: Household International, Inc., which owns 100% of Beneficial Homeowner Service Corporation, 204 Broadway, Amityville, NY 11701. February 13, 2003 (MB-MBD) To acquire an interest in: Household International, Inc., which owns 100% of Household Finance Realty Corporation of New York, 2700 Sanders Road, Prospect Heights, IL 60070. February 13, 2003 (MB-MBD) To acquire an interest in: Household International, Inc. US, which owns 100% of Decision One Mortgage Company, LLC, 6060 J.A. Jones Drive, Charlotte, NC 28287. The applicant will acquire all of the stock of Household International, Inc., which owns all of the stock of the above-mentioned licensees. Mortgage Banker License Name Changes: February 11, 2003 (MB-MBD) February 11, 2003 (MB-MBD) Mortgage Broker Certificate Name Changes: February 11, 2003 (BR-MBD) Mortgage Banker Branch License Address Changes: February 11, 2003 (MB-MBD) February 11, 2003 (MB-MBD) Mortgage Broker Certificate Address Changes: February 10, 2003 (BR-MBD) February 11, 2003 (BR-MBD) Mortgage Broker Branch Certificate Address Changes: February 10, 2003 (BR-MBD) The following Registered Mortgage Broker signed a stipulation, in which a fine was levied, and in which it neither admitted nor denied violating (i) provisions of Section 591(3) of the New York Banking Law in that it had maintained a branch in Staten Island, N.Y. without having obtained a branch license for said branch; and (ii) provisions of Section 590.5(a) of the Banking Law and Part 38.1(e) of the General Regulations of the Banking Board in that it had issued commitments and collected commitment fees; and (iii) provisions of Part 38.3 and Part 38.3(a)(1)(vii) of the General Regulations of the Banking Board in that fees, such as service release premiums, had not been disclosed in accordance with the regulations. (BR-MBD) THERE WILL BE NO SECTION III THIS WEEK. |
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