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Leasing News is a web site that posts information, news, and
entertainment for the commercial bank, finance and leasing industry

Tuesday, April 23, 2013


Today's Equipment Leasing Headlines

  Placard-FEAR has two meanings
   Classified Ads---Legal
Vegas Conference Biggest Turnout since 2006
 by Dwight Galloway, CLP
  Marlin Leasing Has Forum Selection Clause Upheld
   and Recovers its Attorney Fees
    By Tom McCurnin and Kit Menkin
Leasing 102 by Mr. Terry Winders, CLP
 Lessee’s Needs
  Classified Ads---Help Wanted
    “I have an offer---Is it just the money?”
      Career Crossroad---By Emily Fitzpatrick/RII
       Alexa Report---Leasing News Pulls Ahead of Competition
        What Makes Leasing News Different?
         Top Stories April 15-April 19
           (You May Have Missed)
    Registration Open for Government Financing Forum
Real Estate Loans Take Three Banks Down
 Two in Florida, One in Kentucky
  New IFSLeaseWorks Supports Innovative Deal
& Investment Structures
      Classified ads—Web Site Construction
       Akita Mix
        Santa Monica, California Adopt-a-Dog
News Briefs---
GE Capital Sees Growth Financing their Products
 TCF Financial's Earnings & Rev Lags - Analyst Blog
  Caterpillar profit shrinks; cuts outlook
   Idealease president named vice chairman of TRALA
    Dreamliner set to fly in a week as Boeing fixes battery
     Audit: Las Vegas cabs overcharged $15M in airport rides

Broker/Funder/Industry Lists | Features (collection)
Top Ten Stories Chosen by Readers | Top Stories last six months (Be Careful of Doing Business)

  You May have Missed---
   SparkPeople--Live Healthier and Longer
    Sports Briefs---
      California Nuts Brief---
       "Gimme that Wine"    
          This Day in American History
           Daily Puzzle
               Weather, USA or specific area
                 Traffic Live----

######## surrounding the article denotes it is a “press release” and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer.

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Classified Ads---Legal

(These ads are “free” to those seeking employment
or looking to improve their position)

San Diego , CA 
Experienced in-house corporate, equipment leasing and financial services attorney seeks position as managing or transactional counsel. Willing to relocate.
Cell Phone: 760-533-4058; | Resume

Free Posting for those seeking employment in Leasing:

All “free” categories “job wanted” ads:



Vegas Conference Biggest Turnout since 2006
by Dwight Galloway, CLP

The National Association of Equipment Leasing Broker’s (NAELB) Conference in Las Vegas, Nevada held from April 18 to April 20th saw a 25% increase over 2012 with 250 attendees including 130 brokers making this the biggest turnout since 2006. As always, there were several of the original members from 1990 but, in a return to the NAELB norm, more than a dozen of the new members/first time attendees were also new to leasing. These new brokers reflect the Association’s long-time goal of attracting and assisting beginning brokers. Most importantly, the renewed eagerness of the individual members to mentor the beginners seems evidence of resurgence in the industry.

The mood was very positive with funder’s appointment sheets full and palpable energy in the networking sessions. Many brokers mentioned additions to their sales teams and several indicated that they are cautiously adding support staff.

Adam Tyler

In his comments, Conference guest Adam Tyler, CEO of the United Kingdom’s National Association of Commercial Financial Brokers, noted how remarkably similar his group and the NAELB are in their respective years since inception, number of members, member make-up, organization goals, and even issues and problems.

Charles (Bud) Callahan, Jr., CLP, BPB
National Equipment Leasing, Inc.
Indianapolis, Indiana

He thanked NAELB Past President Charles “Bud” Callahan, Jr., CLP, BPB, for initiating what both groups hope will be a beneficial relationship.

The emotional transfer of the President’s gavel by Patrick Sponsel


Patrick Sponsel
Sharpe Equipment Leasing, Inc.
Glendale, Arizona

to Corey Bell

Corey Bell
United Funding, LLC
Chattanooga, Tennessee

(a second generation member and son of Past President Bob Bell, CLP) mirrored the NAELB’s past, present and future.

During his term, Patrick Sponsel with his Board spent many hours struggling to revive an ailing Association even though he was simultaneously trying to maintain his own company and battling serious personal health issues to boot. As Corey Bell remarked, he is confident the NAELB will leverage the success of this strong meeting between now and the 2014 Conference in Orlando, Florida, because it still embodies the dedication and hard work of unselfish members.

Dwight Galloway, CLP
Senior V.P. Broker Operations
RLC Funding-Division of Navitas Lease Corp.
803-566-8245 Ext. 102
803-728-0196 Fax



Marlin Leasing Has Forum Selection Clause Upheld
and Recovers its Attorney Fees

By Tom McCurnin
Leasing News Legal News Editor
and “Coda”
By Christopher “Kit” Menkin, Editor

(Leasing News has received complaints about this company
and the company appears in

Standing on Principal for Alleged Unauthorized Debits on $1,537.02 in Lease Payments Costs Lessee Fifteen Times That Amount.

Marlin Leasing Corp. v. Associated Credit Service, Inc., 2013 WL 1222789 (Wash.App. 2013).

One of my favorite trial judges was fond of lecturing lawyers, when they were acting like spoiled children over inconsequential issues, that, “This case is about dollars and sense.” The idea behind the quote was that when the legal issues don’t merit the kind of legal assets the parties are throwing at the case, it’s time to be sensible and resolve the matter. Associated Credit Services should have exercised a little more sense here, because standing on its principles for a $2,263.20 disputed charge cost it over $30,000.

In today’s case, Associated Credit Services of Spokane Valley, Washington, leased some equipment which was not identified by the Court in a 60 month lease. The lease was assigned to Marlin Leasing. Towards the end of the lease, Associate Credit decided that Marlin had improperly ACH’ed its account over $2,263.20 of disputed charges and decided that it would not make $1,537.02 in lease payments owed. One has to admire Associated Credit Services for standing on their principles. But at what cost?

Marlin dunned Associated Credit Services, and ultimately commenced a small claims suit in Philadelphia on the grounds of the forum selection clause which was contained in the lease.

Associated Credit stood on their principles again and even though suit was filed, refused to answer the Complaint. Marlin obtained a judgment in the princely sum of $2,682.72 in September 2009.

Associated still stood by their principles and refused to pay the judgment. In response, Marlin domesticated the judgment in the home State of Associated in Washington State.

Undeterred, Associated still refused to pay and sought to vacate the domesticated default judgment. Marlin opposed, and won.

Associated still stood by its principles and appealed to the Washington Court of Appeals, which affirmed the trial courts denial of Associated’s Motion to Vacate.

The case is not terribly insightful for cutting edge legal principals, and the Court simply held that the forum selection clause was enforceable, and affirmed the trial court’s ruling. The Court of Appeals also awarded Marlin its reasonable attorney fees for the trial and the appeal.

The Court does not discuss the amount of the fees for this protracted litigation, but it is hard for me to imagine an attorney fee bill for two years of litigation for much less than $20-30,000. That is 10-15 times the original disputed bill.

The lessons here are obvious. Litigation is a matter of dollars and sense. Make sensible decisions when your company’s assets are at risk. Was a $1,537.02 disputed charge worth $30,000 of attorney fees? I think not.

Tom McCurnin


CODA: Why would a 40 year old, BBB A+, top collection agency in the State of Washington go to battle over such a small amount: What was this all about?

From the court records

  • Associated Credit Service, Inc., a Washington corporation, signed a 60–month equipment lease with “JB II Funding, Inc.” in July 2004. The lease was later assigned to Marlin Leasing Corporation and stated in relevant part:

  • This lease shall be governed by the laws of the Commonwealth of Pennsylvania. You agree that any suit under this Lease shall be brought in state or federal court in Pennsylvania, and you irrevocably consent and submit to the jurisdiction of such courts. Each party waives any right to a jury trial. Clerk's Papers (CP) at 13.

  • As the lease approached its end date, Associated Credit stopped its payments on the lease because it believed that Marlin Leasing had made unauthorized insurance deductions of $2,263.20 and failed to credit Associated Credit with an advance lease payment of $1,537.02. Marlin Leasing filed suit in the Pennsylvania Municipal Small Claims Court in 2009 and the court mailed notice of the suit to Associated Credit. Associated Credit accepted service by mail, but decided not to appear in Pennsylvania to defend the suit. Marlin Leasing then obtained a default judgment of $2,682.72 in September 2009.

  • Marlin Leasing filed a Notice of Registration of Foreign Judgment on September 19, 2011. Associated Credit moved to vacate the foreign judgment, arguing the Philadelphia municipal court lacked subject matter jurisdiction because it was not a federal or state court and that the court also lacked personal jurisdiction because service by mail was improper.

  • Marlin Leasing responded that the Philadelphia municipal court was part of the state court system and submitted a page from the state court's website that stated, “The First Judicial District (FJD) of Pennsylvania is composed of the three courts which make up the Philadelphia County Court System; the Court of Common Pleas; Municipal Court; and Traffic Court.” CP at 28.

          (1) Westlaw

The first person I telephone was Jacob White of JB II Funding Corporation in Azusa, California. He said he had never heard of the court case, didn't know what it was about, looked in his Advantage software records and said it was a 60 month lease with a $1.00 purchase option that he had brokered to Marlin Leasing.

Associated Credit Service, Inc., Spokane Valley, Washington, web site showed their business was collecting “bad debts.” "BBB file opened: January 01, 1986Business started: 10/01/1969 in WA, Business incorporated: 10/01/1969 in WA."

Vice president Jon M. Solberg was easy to reach and said David Solberg, secretary-treasurer, was handling the case. It took over 20 telephone calls over several days, many voice mails, finally using a cell phone without a name that would appear, to reach him. He said after 4 1/2 years they discovered Marlin was charging them an insurance fee, he called them up to return it as they had insurance, was explained it was their responsibility as per the contract to provide insurance, and they had records of attempting to obtain insurance from Associated. David Solberg explained what had transpired because he believed they did not have a valid judgment, and although lost this appeal, his company had filed another appeal to the judgment in the State of Washington Court. He was not going to drop the matter.

Tom McCurnin did a "a search and found the Docket. It looks like it is not back from the Court of Appeal yet, but the Motion for Fees was upheld, and I assume a new Motion for Fees will be filed, and likewise upheld.

"Counsel for Marlin is Brad Lyle Williams, and Bradley Boswell Jones. I could find very little on them.

"Counsel for the Lessee is Paul J. Wasson II and while I got a phone it was a cell and the voice mail was full."

   (2) Spokane Court record

Insurance at Marlin

“ At December 31, 2012, approximately 55% of our end user customers insured the equipment under their existing policies. For the others, we offer an insurance product through a master property insurance policy…”
   - page 7

“In May 2000, we established AssuranceOne, our Bermuda-based, wholly-owned captive insurance subsidiary, to enter into a reinsurance contract with the issuer of the master property insurance policy. Under this contract, AssuranceOne reinsures 100% of the risk under the master policy, and the issuing insurer pays AssuranceOne the policy premiums, less claims, premium tax and a ceding fee based on a percentage of annual net premiums written.”
    - page 8

   (3) Marlin 10K

Marlin Leasing does not communicate with Leasing News, particularly what they consider an "ongoing legal case," so I called back Jacob White of JB II Funding and asked him to look into his Advantage software and see if he had a certificate of insurance that he would have sent with the funding package. He could not find one. He said that was not uncommon, and that his experience Marlin would follow-up on it. He said he was still brokering to Marlin and had not received an insurance complaint from any Marlin lessee during the time he has been working with them.

It would seem that Associated would have wanted evidence that the insurance certificate was issued, and would have been included in the case, as well as testimony or a copy from the insurance company that a certificate was issued. It appears from the JB II Funding records an insurance certificate was not issued, let alone received by Marlin Leasing.

It is obvious that Associated Credit knew what the dispute was, disagreed with the contentions, and DECIDED NOT TO DEFEND ITSELF IN PENNSYLVANIA or wherever they were originally sued. That was a conscious choice.

So it appears they gave up defending on the merits of the dispute and put all their eggs in the basket that the forum selection clause was invalid.

My conclusion is the attorney representing Associated Credit was not knowledgeable and should have had more experience with leasing and finance. It appears when a certificate is not supplied, the lease contract is quite explicit.

My advice for those who have complaints regarding leasing for years is to hire an attorney who has equipment leasing experience. If you want your teeth straightened, you don't go to an endodontist, you go to an orthodontist. Yes, both are dentists, but they have their own specialty.

Associated went to the wrong attorney, as the attorney should have called the broker to get proof that a certificate of insurance was obtained when the lease was signed, as well as a copy of what the Associated Credit insurance agent provided---and if none, he would have known he had no case--- as well as if he had some leasing experience, he would never have fought over a forum clause over $726.78 ($2,264.20 insurance less $1,537.02 owed) that wound up costing them as high as $30,000 in court fees.

Why a company that made a living collecting “bad debts” would spend so much money is puzzling, as it appears a poor business decision---Unless this is going to be part of a class action suit?

(I must admit McCurnin brings up the most curious cases, and he certainly knows the leasing and finance laws.)

Christopher "Kit" Menkin

  1. Westlaw---Marlin Decision-1

  1. Marlin 2012 10K

  1. Spokane Superior Court

Tom McCurnin is a partner at Barton, Klugman & Oetting in Los Angeles, California.

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Visit our web site at
Previous Tom McCurnin Articles:

Previous Tom McCurnin Articles:

(Leasing News has received complaints about Marlin Leasing company
and the company appears in


John Kenny Receivables Management

• End of Lease Negotiations & Enforcement• Fraud Investigations
• Credit Investigations • Asset Searches 
• Skip-tracing • Third-party Commercial Collections | ph 315-866-1167|

(Leasing News provides this ad as a trade for investigations
and background information provided by John Kenny)


Leasing 102
by Mr. Terry Winders, CLP

Lessee’s Needs

The real art of commercial equipment leasing is determining the lessee’s needs. Most new salespersons think rate drives the deal and they spend a lot of time trying to mask the lease rate. Most lessees have already decided what is important to them and are looking for a transaction that meets their expectations. Rate may be an issue but on many occasions the structure holds just as much interest.

If you are using a vendor contact it is important to get permission to speak to the lessee. Some vendors feel that you may confuse the lessee or lose the deal for the vendor, so you need to have the vendor’s salesperson make the call with you to see how your leasing approach or programs help the lessee to make up his mind. Once the salesperson believes in you the stronger opportunities you will see.

What questions do you use to gain some insight into what motivates the lessee is important. Usually open ended questions to get the lessee talking such as “Please explain how your business works” or “How has the economic downturn effected your business?” The more the lessee talks the more he will explain the current position of the company and give you some insight on how to bid the deal.

The most important talent in leasing is the art of listening. Do not present your lease programs like they are the best in the marketplace. You are there to listen and gain knowledge about what the lessee is looking for! Once the lessee is finished presenting the company’s current position then probe with questions on cash flow needs, accounting needs, and ask how the equipment is going to used and its effect on future operations. Determine if the equipment is an expense item or a revenue generator. Of course, term of use is of major importance.

You can offer leasing on small equipment fairly quickly while you are there but as the size of the deal increases you need to spend the appropriate amount of time to determine the facts and come back with a detail proposal. If your meeting determines some accounting needs or cash flow issues that match up with the equipment actual term of use you have a better chance that your lease program will be accepted.

On cold calls I would not explain you are selling leasing until it is determined that they are planning to obtain some equipment. Ask to see the equipment that is being replaced to determine how long they have had it and how it was maintained. The more you learn about the equipment the more you will have information to create a leasing program. You may want to ask if they have ever leased before and if so who they leased from. On occasion some lessees have had a bad experience in leasing so you need to determine what the problem was.

If you have a customer that has never leased before the more you can explain the reasons different leases are created to deal with the tax, legal, and accounting rules. If you look like a professional that knows the business you have a good chance of establishing a relationship that will bring future business. The real advantage to future business is establishing transactions that you can use as a reference to develop a market.

If you are calling in a specific industry get to know all about the equipment used in that industry so you can talk with authority on term of leases and programs to follow the actual use. Learn who the major equipment suppliers are and what their strengths and weaknesses are so the conversation with the customer makes you look like an insider.

Sales in leasing require a lot of study to learn the correct methods to use upon calling on a potential lessee. The more you learn the better you will get and leasing will look like a great way to make a living.

I can’t recommend enough to become a Certified Leasing Professional. Not that it gives you a title or to those in the professional lets them know you are a professional, but the knowledge it brings is the most important. Yes, hard work, luck, are important, but knowledge will make a great deal of difference in your life, especially in the leasing business.

(To learn more about the CLP Handbook)

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at or 502-649-0448.

He invites your questions and queries.

Previous #102 Columns:

Mr. Terry Winders available as Expert Witness. 35 years as a professional instructor to the top equipment leasing and finance companies in the United States, author of several books, including DVD's, as well as weekly columnist to Leasing News. He also performs audits of leasing companies as an expert on documentation, and has acted as an expert witness on leasing for litigation in legal and tax disputes, including before the IRS. He also has taught the senior bank examiners, how to review a bank leasing department, for the Federal Reserve in Washington D.C. and has trained the examiners for the FDIC on how to prepare a lease portfolio for sale.

Mr. Winders received his Master of Business Administration and his Bachelor of Science degrees from the College of Notre Dame.


(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)


Leasing Industry Help Wanted



Broker/Lessor Relationship Manager

Responsible for the development and maintenance of all broker/lessor relationships for Financial Pacific Leasing located in Canada. Promote the FinPac product and develop new sources of business. Work remotely from your location in Canada with periodic travel within Canada and Seattle, WA. Base salary plus commission plan.

Please click here for more information.
Since 1975 serving the broker/lessor industry
in the $5,000 to $50,000 marketplace.



Please see our Job Wanted section for possible new employees.


I have an offer---Is it just the money?”
Career Crossroad---By Emily Fitzpatrick/RII

Question: When accepting an offer, what items should I consider?

Answer: When receiving an offer, you must evaluate it. An offer should ALWAYS be more than just about money - that is only one aspect of the evaluation; there are many high -paying jobs that are less advantageous than you think! When receiving the offer, relay that you will need the evening to review – and be careful about waiting too long!

Aspects to consider include salary, benefits, future earnings, room for advancement, commute situation, and lifestyle (e.g. 90% travel). Ask yourself some of the following questions:

  • Do you like the scope of the job (duties / tasks)?

  • Is the new role likely to provide a challenge?

  • Is the opportunity for growth compatible with your career goals?

  • Is the company culture conducive to an enjoyable atmosphere?

  • Can you see yourself working with your new colleagues and manager?

  • Most important, will you look forward to getting up in the morning and going to work at this company?

You should have been thinking about these aspects during the interview process with the organization. Having done so would have enabled you to make your decision in a relatively short amount of time.

For more information / tips, feel free to contact me.

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone: 954-885-9241
Cell: 954-612-0567
Invite me to Connect on LinkedIn
Also follow us on Twitter #RIIINFO

Career Crossroads Previous Columns



U.S. World Wide Links Web Site
Equipment Finance Advisor
Commercial Finance Association
No Data
No Data
Equipment Leasing Finance Assoc.
No Data
Assoc. Gov. Leasing/Finance


Why Leasing News is Different
By Christopher Menkin, Publisher/Editor

Leasing News main effort comes from our readers who give us leads.

Concentration is on the bank, finance, and leasing industry with five dedicated writers from the industry who contribute weekly columns. In addition, there are twenty regular contributing writers/columnists. Also at the editor’s disposal are four “investigators, “two of them professional, who can dig up the facts not just through the internet but from their industry contacts.

Most of our stories are written by our writers, researched, and directed by the editor, who also contributes articles.

Leasing News also calls on leading association members who cover their events exclusively for Leasing News. All leasing associations are treated equally and their news is important. Reports are also edited to stick to news and not fluff.

In addition, our web master is an ex-newspaper reporter, who has experience not only writing and covering stories, but inside work in both print and internet production, as well was a photographer for events. He contributes also in the writing.

The Leasing News graphic designer does all the graphics, creating cartoons, placards, and contributes the visual insight of stories. This is very important for the overall presentation of web news.

Leasing News acts as an ombudsman and learns much about various leasing companies from this activity; very few of the complaints make the edition as they are resolved, but the background information is invaluable from broker, funder, lessor, and lessee. There are normally five active complaints going on each week; the great majority resolved and not published on line.

In addition, Leasing News has an advisory board, which changes from time to time, who while not involved in editorial (stories)--- contributes ideas, business opinions, and acts as a group in giving direction to the publisher regarding many non-editorial subjects and discussions.

The advisory board and staff make a difference as news is gathered and written---but the number one difference is our readers.

You are our greatest contributors.

Mission Statement:

Policy Statement:





Top Stories April 15-April 19
(You May Have Missed)

Here are the top stories opened by readers:

(1) Huntington Bank Hit with $81 Million Judgment
Check Kite Crashes into El Camino Resources
By Tom McCurnin

(2) Paul Menzel, CLP, Reports on ELFA Funding Conference
2005 Leasing News Person of the Year

(3) Introducing
Leasing News Kicks it up a Notch!

(4) Surveillance Video Related to Boston Bombings
If you think you recognize these men, call the FBI
(Note: this was changed in the morning as new developments
happened and connected to with updated info on Boston Marathon Bombing suspects ---although the headline remained in constant contact and news edition. We kept it up as we have readers all over the world as we thought this was the most up-to-date information. Originally the photo and video were posted as we thought it might help, although a remote chance, you never know.)

(5) Steve Jobs---The Best Advice on Success and Failure

(6) Huntington Bank Doesn't Mention $81 Million Judgment

(7) Leasing 102 by Mr. Terry Winders, CLP
Regulation or Licensing?

(8) US Bank Weathering Mortgage Storm/Leasing So-So

(9) Former Tennessee bank president pleads guilty to loan fraud

(10) Balboa Capital Becomes Preferred Lender for Papa John’s Franchisees

Broker/Lessor Relationship Manager

Responsible for the development and maintenance of all broker/lessor relationships for Financial Pacific Leasing located in Canada. Promote the FinPac product and develop new sources of business. Work remotely from your location in Canada with periodic travel within Canada and Seattle, WA. Base salary plus commission plan.

Please click here for more information.
Since 1975 serving the broker/lessor industry
in the $5,000 to $50,000 marketplace.




Registration Open for Government Financing Forum


May 8--May 10 Public Sector Finance Forum
DoubleTree Chicago, Illinois Magnificent Mile

Darrel W. Peters, CLP, Equipment Finance Specialist, Arvest Equipment Finance will be covering the conference for Leasing News.

The Association for Government Leasing and Finance along with the Equipment Leasing and Finance Association Public Sector Finance Forum is open to both members and non-members. First time attendees also receive 10% off.

Conference Registration

ELFA Member Registration

Basic Session Only - Wednesday
Discounts Do Not Apply

Governmental Registration

* Available to employees of state and local governments only


From experienced equipment leasing & finance professionals seeking to keep up with the latest product, administrative and legislative trends in the tax exempt and federal finance market, to those seeking insight into the Public Finance Sector as a new business opportunity. Business executives, attorneys, bankers, brokers, CPA’s, financial advisors, investment bankers, document specialists, syndicators, credit and sales personnel will all benefit from attending.

The Association for Governmental Leasing & Finance (AGLF) is a full service organization active in all phases of the municipal leasing industry. The membership encompasses all facets of municipal leasing and includes third party lessors, placement agents, investment bankers, government officials, vendors, manufacturers, captives, and commercial bankers.

To register for the conference ­

To reserve your hotel room –

The Association holds two annual conferences each year, the first in May and the other in November. AGLF conferences are structured as an educational forum designed to aid attendees in increasing their market share in the tax-exempt leasing industry. Because the planners and leaders who run the conferences are active in the industry, AGLF conferences provide informative and useful sessions, based on real-world situations. Click on Events/Meetings to see our calendar of programs.

Available only to members, our quarterly Tax Exempt Leasing Letter (TELL) contains timely, informative, up-to-the-minute news about the association and the leasing industry. A subscription to TELL and discounts on publications are two additional benefits of membership.

All members receive a copy of the Fifty State Survey, a compilation of federal tax law, federal securities law, and of legislation and case law specifically affecting governmental leasing in the Fifty States.



Real Estate Loans Take Three Banks Down
Two in Florida, One in Kentucky

The two branches of Heritage Bank of North Florida, Orange Park, Florida were closed with FirstAtlantic Bank, Jacksonville, Florida, to assume all of the deposits.

Founded May 23, 1986, the bank had 25 full time employees at their offices in Orange Park and Ponte Vedra. In 2009 the bank had 34 full time employees.

The banks last profitable year was 2007:

(in millions, unless otherwise)

2006 $2.4
2007 $1.7
2008 -$1.5
2009 -$2.7
2010 -$9.2
2011 -$1.3
2012 -$1.9

Net Equity

2006 $15.4
2007 $18.6
2008 $16.7
2009 $14.0
2010 $5.1
2011 $4.2
2012 $2.2

Non-Current Loans
2006 $129,000
2007 $4.6
2008 $10.4
2009 $15.0
2010 $14.0
2011 $13.9
2012 $20.0

Heritage Bank, Orange Park

In 1986, Heritage Bank of North Florida opened its first bank in Orange Park, Florida under the name of Clay County Bank. The bank applied for, and received, permission in April 2000 from banking regulators to change its name to Heritage Bank of North Florida.

Heritage Bank, Ponte Verde

In February 2002, the Ponte Vedra Beach office was opened.


Randolph L. "Randy" Knepper was president since 2005

In 2008 the bank experiencing its first rough year, realizing it would not only be unprofitable but non-current loans were going to jump over $10 million attempted a merger with Jacksonville Bank. It did not happen.

August 4, 2009 the FDIC issued a Cease and Desist notice:

December 9, 2009 an FDIC written agreement, but it basically was too late:

This is perhaps the most evident showing how real estate construction fell, which also affect employment and drop in retail business:

Single-family new house construction building permits:

1997: 59 buildings, average cost: $99,600
1998: 51 buildings, average cost: $101,700
1999: 83 buildings, average cost: $81,900
2000: 29 buildings, average cost: $128,700
2001: 17 buildings, average cost: $132,600
2002: 8 buildings, average cost: $161,800
2003: 11 buildings, average cost: $400,000
2004: 10 buildings, average cost: $121,300
2005: 10 buildings, average cost: $168,100
2006: 6 buildings, average cost: $147,200
2007: 7 buildings, average cost: $131,400
2008: 4 buildings, average cost: $126,000
2009: 0 buildings
2010: 0 buildings
2011: 3 buildings, average cost: $181,700


1,347 Foreclosed homes Orange Park Real Estate
aerial photos
ORANGE%20PARK/TypeFORECLOSURE/ foreclosed homes Orange Park

Charge Offs
2006 $26,000 ( $28,000 consumer loans, -$2,000 commercial/industrial)
2007 $80,000 ($69,000 1-4 family homes, $11,000 consumer loans)
2008 $3.0 ($1.5 construction/land, $879,000 nonfarm/nonres.,$388,000 multi-family, $11,000 commercial/industrial, -$3,000 consumer loans)
2009 $4.5 ($2.4 nonfarm/nores.,$784,000 1-4 family,$725,000 construct/land, $410,000 multifamily, $119,000 commercial/Ind. $25,000 consumrt0.
2010 $943,000 ( $562,000 nonfarm/nonres.,$402,000 1-4 family res.,$21,000 consumer, -$21,000 commercial/industrial)
2011 $1.9 ($685,000 nonfarm/nonres.,$540,000 1-4 family, $447,000 construction/ land, $195,000 commercial/ind.,$74,000 multi, -$4,000 indiv.)
2012- $2.7 ($1.1 nonfarm/nonres.,,$710,000 multifamily,$637,000 1-4 family,$282,000 commercial/industrial, $4,000 individuals.

Construction and Land, 1-4 family multiple residential, Multiple Family Residential, Non-Farm Non-Residential loans.

Tier 1 risk-based capital ratio 2.23%

As of December 31, 2012, Heritage Bank of North Florida had approximately $110.9 million in total assets and $108.5 million in total deposits. In addition to assuming all of the deposits of the failed bank, FirstAtlantic Bank agreed to purchase essentially all of the assets.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $30.2 million

Chipola Community Bank, Marianna, Florida, was closed with First Federal Bank of Florida, Lake City, Florida, to assume all of the deposits. Founded October 31, 2005, the bank had ten full time employees at the end of December 31, 2012.

"Marianna is an official Florida Main Street town. The downtown area has been restored to look as it did many years ago. The downtown area includes the Marianna Historic District, with a number of antebellum homes.",_Florida

The bank never made a profit since its opening:

(in millions, unless otherwise)

2005 -$400,000
2006 -$405,000
2007 -$235,000
2008 -$213,000
2009 -$3.5
2010 -$2.1
2011 -$977,000
2012 -$624,000
3/31 -$239,000

Net Equity
2005 $7.6
2006 $7.3
2007 $7.1
2008 $7.1
2009 $4.3
2010 $2.0
2011 $1.4
2012 $530,000
3/32 $286,000

Non-Current Loans
2005 0
2006 0
2007 $1.5
2008 0
2009 $3.6
2010 $2.9
2011 $1.2
2012 $1.4

Charge Offs
2005 0
2006 0
2007 0
2008 0
2009 $2.3 ($1.8 construction/land,$465,000 1-4 family residential)
2010 $770,000 ( $633,000 farmland,$61,000 nonfarm/nonres.,$26,000 construction, $24,000 1-4 family, $23,000 commercial/industrial)
2011 $566,000 ($360,000 nonfarm/nonres.,$175,000 farmland,$3,000
$3,000 individual, -6,000 construction/land)
2012 $62,000 ($32,000 construction/land,$28,000 1-4 family, $2,000 indiv.)
3/32/13 $98,000 ($98,000 nonfarm/nonresidential)

Construction and Land, 1-4 family multiple residential, Multiple Family Residential, Non-Farm Non-Residential loans.

Tier 1 risk-based capital ratio .015534

As of December 31, 2012, Chipola Community Bank had approximately $39.2 million in total assets and $37.6 million in total deposits. In addition to assuming all of the deposits of the failed bank, First Federal Bank of Florida agreed to purchase essentially all of the assets.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $10.3 million.

The five branches of First Federal Bank, Lexington, Kentucky, were closed with Your Community Bank, New Albany, Indiana, to assume all of the deposits. Founded December 26, 1935, the bank had 28 full time employees at their four offices in Lexington and one office in Georgetown. Year-end 2008 the bank had 53 full time employees'

Lexington city view photo

April 9, 2010 Supervisory agreement with the Southeast Region of the Office of Thrift Supervision:

First Federal Bank signed a Consent Order with the Comptroller of the Currency in November 2011 under which the Bank was ordered to increase capital and was cited for a wide range of financial and managerial deficiencies.

William H. McCann, 84, attorney, of counsel with law firm Wyatt Tarrant & Combs LLP, was chairman of First Federal Bank.

The bank was not profitable and in 2010 the housing market and construction industry hit the fan, along with a number of badly made loans. The construction scene is best view with these statistics:

Single-family new house construction building permits:
1997: 1636 buildings, average cost: $96,000
1998: 1868 buildings, average cost: $104,800
1999: 1784 buildings, average cost: $106,500
2000: 1898 buildings, average cost: $111,500
2001: 1649 buildings, average cost: $111,300
2002: 2142 buildings, average cost: $110,900
2003: 2206 buildings, average cost: $126,900
2004: 2184 buildings, average cost: $129,300
2005: 2399 buildings, average cost: $125,500
2006: 1521 buildings, average cost: $147,400
2007: 1227 buildings, average cost: $157,100
2008: 771 buildings, average cost: $167,600
2009: 770 buildings, average cost: $121,700
2010: 628 buildings, average cost: $127,800
2011: 513 buildings, average cost: $135,700

Tier 1 risk-based capital ratio 1.82% December 31, 2012

(in millions, unless otherwise)

Net Equity
2006 $25.1
2007 $24.6
2008 $23.5
2009 $22.5
2010 $15.8
2011 $9.3
2012 $1.3

2006 -$76,000
2007 -$56,000
2008 -$784,000
2009 -$964,000
2010 -$6.6
2011 -$6.5
2012 -$8.0

Non-Current Loans
2006 $324,000
2007 $1.8
2008 $3.1
2009 $9.2
2010 $4.4
2011 $9.4
2012 $11.7

Charge Offs
2006 $25,000 ( $23,000 multi-family homes, $2,000 consumers)
2007 -$37,000 ( $22,000 individuals, -$59,000 construction/land,-$2,000
2008 $70,000 ( $34,000 construction/land,$$26,000 commercial/ind.,$10,000
individuals, -$18,000 multi-family homes)
2009 $182,000 ( $161,000 multi-family homes, $9,000 individual, $9,000 farmland), $3,000 commercial/industrial non-US addresses)
2010 $4.2 ( $2.1 nonfarm/nonresidential, $1.8 multi-family, $124,000 commercial/industrial non-US address, $62,000 multifamily, $8,000 loans to foreign government and official institutions)
2011 $466,000 ( $428,000 nonfarm/nonres.,$27,000 1-4 family homes, $6,000
commercial/industrial non-US addresses, $5,000 individuals)
2012 $1.& ($808,000 nonfarm/nonresidential,$666,000 multifamily, $243,000 1-4 family homes, $12,000 credit cards, $6,000 commercial/industrial to Non-Us addresses,

Construction and Land, 1-4 family multiple residential, Multiple Family Residential, Non-Farm Non-Residential loans.

As of December 31, 2012, First Federal Bank had approximately $100.1 million in total assets and $93.9 million in total deposits. In addition to assuming all of the deposits of the failed bank, Your Community Bank agreed to purchase essentially all of the assets.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $9.7 million.

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#### Press Release ##############################

New IFSLeaseWorks Supports Innovative Deal
& Investment Structures

Improves Partner Communications
Company also unveils new corporate name, web site

SOUTH HASBROUCK HEIGHTS, NJ, -- Increased efforts of the equipment leasing and asset finance industry to mitigate risk and offer new financing structures inspired enhancements to IFSLeaseWorks, company officials announcedtoday. IFSLeaseworks is an integrated software system used by banks, captives, and independent leasing companies in the United States to manage leases and loans efficiently throughout their lifecycle.

Mitchell Kaufman, president of IFS Technology Solutions (formerly known as Integrated Financial Solutions), said version 3.5 of the company’s IFSLeaseWorks product includes a participation module that supports unlimited numbers of investors.

“Lessors now have the ability to mitigate risk by selling any portion of the lessee payment stream to an unlimited number of investors,” he explained. “The participation module manages this, allowing plenty of flexibility.”

The company also has expanded IFSLeaseWorks functionality for floating rate leases.

“Lessors are looking to new financing structures including floating rate leases in response to customer demand,” Kaufman added. “This enhancement enables them to handle floating-rate lease payments based on a user-defined financial instrument such as LIBOR or T-Bill, where the rate, and underlying payment, vary over time.”

Among other enhancements to IFSLeaseWorks is the ability for lessors to create their own invoice formats and email a PDF document to customers.

IFSLeaseWorks is delivered “in the cloud” or on-premises and backed by a team of professionals – here in the U.S. – that provides customer support. For more information, visit

IFS Technology Solutions, formerly known as Integrated Financial Solutions, provides industry-leading products, customized software solutions, and information technology (IT) services to support clients throughout the U.S. The company launched in 1994 with a focus on the finance industry, through its flagship software IFSLeaseWorks. Today, IFS Technology Solutions serves a wide span of industries and organizations with a full range of software design and IT services. Its innovations, focused applications, and support help companies improve business processes, enhance productivity, and increase revenues.

For more information visit the company’s new web site at

#### Press Release #############################


Classified ads—Web Site Construction

Leasing Industry Outsourcing
(Providing Services and Products)

Web Design & Marketing 
Why spend your time and money teaching some marketing firm how the leasing industry works? Leasing websites, secure applications & marketing. DFCO, LLC 
Dana Freeman 

All "Outsourcing" Classified ads (advertisers are both requested and responsible to keep their free ads up to date:

How to Post a free "Outsourcing" classified ad:


Akita Mix
Santa Monica, California Adopt-a-Dog

Sex: Male
Breed: Akita Mix
Color: Brindle - With White
Age: 7 years old
Size: Med. 26-60 lbs. (12-27 kg)

"I am already neutered, housetrained, up to date with shots, good with kids, and good with dogs."

Hank's Story... "Hi I'm Hank! I am 7 years old (December 2012) but I act like a young pup! I'm very smart and relaxed and know my commands. I am great with kids! I am the perfect family dog. I love to run and exercise so hiking and long walks would be amazing! I love the outdoors and I especially love the water! I am a very sweet and lovable guy and cannot wait to find a wonderful home to call my own."

Please Contact This Rescue Group...

Rescue Group: Karma Rescue
Phone:(310) 512-7833
Let 'em know you saw "Hank" on!
Address: 1158 26th Street, 155 PMB
Santa Monica, CA 90403
Come Meet Our Pets...
Adoptions held most Saturdays at Petco on Westwood Blvd, between the hours of 11:00 A.M. and 3:00 P.M.
Address is: Petco
1873 Westwood Blvd
Los Angeles, CA 9025

Adopt-a-Pet by Leasing Co. State/City

Adopt a Pet




Working Capital Loans for Small Businesses

Channel Partners is now offering a new Easy Rewards program that allows you to earn rewards on EVERY deal over $15,000 in EVERY state!


News Briefs----

GE Capital Sees Growth Financing their Products

TCF Financial's Earnings & Rev Lags - Analyst Blog

Caterpillar profit shrinks; cuts outlook

Idealease president named vice chairman of TRALA

Audit: Las Vegas cabs overcharged $15M in airport ride

Dreamliner set to fly in a week as Boeing fixes battery




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Spring Poem



by Lewis Carroll

'Twas brillig, and the slithy toves
Did gyre and gimble in the wabe;
All mimsy were the borogoves,
And the mome raths outgrabe.

"Beware the Jabberwock, my son
The jaws that bite, the claws that catch!
Beware the Jubjub bird, and shun
The frumious Bandersnatch!"

He took his vorpal sword in hand;
Long time the manxome foe he sought--
So rested he by the Tumtum tree,
And stood awhile in thought.

And, as in uffish thought he stood,
The Jabberwock, with eyes of flame,
Came whiffling through the tulgey wood,
And burbled as it came!

One, two! One, two! And through and through
The vorpal blade went snicker-snack!
He left it dead, and with its head
He went galumphing back.

"And hast thou slain the Jabberwock?
Come to my arms, my beamish boy!
O frabjous day! Callooh! Callay!"
He chortled in his joy.

'Twas brillig, and the slithy toves
Did gyre and gimble in the wabe;
All mimsy were the borogoves,
And the mome raths outgrabe.




Sports Briefs----


Falcons, Niners could be in NFL draft trade mix

Mock Draft Digest: Quarterback surprise at the top

Man United wins title on RVP's hat trick



California Nuts Briefs---

SF police chief wants more cameras after Boston

Gallegos Winery and the Hayward Fault


“Gimme that Wine”

Dialing up wine sales over the phone

Wineries Shift to Mobile Platforms

Eating and Drinking Among the Grapes in Conneticut

Sonoma Wine Company Truett-Hurst Going Public

George A. Vare Jr.

Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

Winery Atlas\

Leasing News Wine & Spirits Page


This Day in History

      1564-birthday of Williams Shakespeare: perhaps the first non-American birthday we celebrate here. Shakespeare created the most influential and lasting body of work in the English language, an extraordinary explanation of human nature in 36 plays and 154 sonnets. Also died on what is considered historically his birthday, 
    23 April 1616.
    1635- the first public school in America opened, the Boston Latin School . The first schoolmaster was a Dutchman, Adam Roelantsen, who arrived in New Amsterdam in 1633 and set up the first school in America as part of the Dutch Reformed Church. The first secondary school was the Boston Latin School , with a classical curriculum derived from English schools. By 1720, five public schools were maintained in Boston , and were so well regarded they enrolled students from as far away as the West Indies . The Boston Latin School is still in existence.
    1662 - Connecticut was chartered as an English colony.
    1750-- The first colonial settlement west of the Allegheny Mountains other than military forts and outpost was established by the Loyal Land Company of Virginia . On March 6, a group of six men in the employ of the company, led by Dr. Thomas Walker, a physician, started out from Charlottesville , VA. They searched the future sit of Barbourville , KY , on April 23, and built a house that was completed on April 30.
    1789 - President-elect Washington and his wife moved into the first executive mansion, the Franklin House, in New York. George Washington was inaugurated at Federal Hall and lived at 3 Cherry Street in New York City. In 1790, with construction on the new federal capital underway, the government was moved temporarily to Philadelphia, where Washington served out his two terms. He is the only president who never resided in the White House.
    1791- The birthday of James Buchanan, 15th president, born at Cove Gap, PA, who served from March 4, 1857 to March 3,1861,the only president who never married. 
    1813-birthday of Stephen A. Douglas, U.S. Congressman, Senator and presidential candidate who ran against Abraham Lincoln. He was in favor of the new territory and states being allowed to choose whether they wanted to be “slave” or “anti-slave states.” He is also very well known for the series of “Lincoln-Douglas” debates. 
    1856-  Granville T. Woods was born at Columbus , OH . Known as the” black Thomas Edison,” he invented the Synchronous Multiplex Railway Telegraph which allowed communication between dispatchers and trains while the trains were in motion, which decreased the number of train accidents. In addition, Woods is credited with a number of other electrical inventions and historians do compare him favorably to Thomas Edison. Died Jan 30, 1910, at New York , NY . 
    1872-Charlotte E. Ray became the first African-American woman attorney admitted to the Washington Bar, o the Supreme Court of the District of Columbia . History also records her as the first African-American woman to receive a law degree, receiving her LL.B. degree from t e School of Law , Howard University, Washington, DC, on February 27, 1872. She opened a law practice, but both racial and woman prejudice forced her to close the office. She then joined the Woman's Suffrage Movement. 
    1885 - The city of Denver, CO, was in the midst of a storm which produced 23 inches of snow in 24 hours, and at Idaho Springs CO produced 32 inches of snow.
    1896- The first movie was shown at Koster and Bials Music Hall in New York City . Up until this time, people saw films individually by looking into a Kinetoscope, a box-like "peep show." This is the first time an audience sat together and watched a movie together. What they saw was a series of short scenes, including a ballet scene, a burlesque boxing match, surf breaking on the shore, and a comic allegory entitled," The Monroe Doctrine." Thomas Alva Edison was present for his Vitascope and the audience called for Edison , but he did not appear and refused to take a bow. 
    1907 - The steam laundries of San Francisco and vicinity, with the exception fo a few, remain on strike after more that four weeks. Soiled linen is becoming a serious problem in many households. The few laundries that are in operation were unable to call for or deliver washing. Patrons who took their wash to the laundries returned with the dirty linen. The strike does not appear mearer a settlement than it was three weeks ago.
    1907 - Jack Londond, on board his yacht the Snark, pulled out into the harbor from the Franklin Street wharf at 12:30 today amid the cheers of is frineds and admirers. He stood on deck with his wife and small crew.
    1910 - The temperature at the Civic Center in Los Angeles, CA, hit 100 degrees to establish an April record for the city.
    1915-birthday of pianist-arranger Joe Lippman Boston , MA . 
    1920-- Canadian string instrument builder Frank Gay was born in Marcelin, Saskatchewan. In 1953, Gay established a studio in Edmonton, building guitars for such famous country stars as Johnny Cash, Don Gibson and Hank Snow. Three of Gay's guitars - those owned by Johnny Horton, Webb Pierce and Faron Young - have been placed in the Country Music Hall of Fame in Nashville.
    1921-birthday of baseball Hall of Fame pitcher Warren Edward Spahn, Buffalo , NY.
    1928---Birthday of Shirley Temple (Black) - child movie star who was Hollywood's greatest box-office attraction by the age of seven. She danced, sang, acted, and beguiled in one escapist, musical hit after hit during the darkest days of the depression. By age 12 her appeal dropped and after a series of flops she retired. In later years she became the darling of the Republican Party and was appointed to political and/or ambassadorial posts by three Republican presidents, Richard Nixon, Gerald Ford, and George H. Bush, but surprisingly not by Hollywood's own Ronald Reagan. She was appointed a U.S. Ambassador to Ghandi and chief of protocol under President Gerald Ford and then ambassador to Czechoslovakia 1989 to 1992 by Bush I. 
    1932-Bing Crosby records “Sweet Georgia Brown” with Isham Jones Band. 
    1936- Pioneer rock singer Roy Orbison was born in Vernon, Texas. His writing and performing in the 1950's helped create a mass market for rock music, including his own recording of "Ooby Dooby," which was a moderate hit in 1956. In 1958, Orbison wrote "Claudette," named for his wife, which became a million-seller for the Everly Brothers. Roy Orbison's sound mellowed somewhat in the following decade, and he began his string of million-sellers in 1960 with "Only the Lonely." His other hits included "Running Scared," "Crying" and "Oh, Pretty Woman," a number-one record in 1964. Orbison suffered two personal tragedies in the '60s. In 1966, his wife was killed in a motorcycle accident. Three years later, two of his three children died in a fire at his home near Nashville. Orbison's career took an upswing in 1988 when his collaboration with Bob Dylan, George Harrison and Tom Petty under the name
    1941 - Birthday of Allen Cohen. Poet, editor of San Francisco Oracle, visionary, champion for peace and justice who inspired his generation. Allen died April 30, 2007. The memory of Allen Cohen will forever live in the hearts of those who loved him and all whose lives he touched with his poetry and his promotion of peace and love.
    1942--Birthday of Sandra Dee, singer/actress/heart thrub to a generation.
    1943 - The Earl "Fatha" Hines Band, featuring then-unknowns Dizzy Gillespie, Charlie Parker, and a vocalist named Sarah Vaughan, begins a series of engagements at the Apollo in Harlem.
    1944 – birthday of Tony (Anthony James) Esposito (Hockey Hall of Fame player: NHL: Montreal Canadiens, Chicago Blackhawks [Calder Memorial Trophy: NHL's outstanding rookie: 1969-1970/all-star: 1970, 1972, 1980/shared Vezina Trophy for best goaltender [1972, 1974]; played 886 games in NHL, winning 423, losing 307, earning draw in 151; 76 shutouts with a 2.92 goals-against-average; in 99 playoff games, Tony won 45, lost 53 with a 3.07 average; shared goaltending duties with Ken Dryden in 1972 when Team Canada played the Soviet Nationals in famed Series of the Century [Canada edged Soviets, four games to three w/one tied]; brother of Hockey Hall Fame player, Phil Esposito)
    1944 – Birthday of Marty Fleckman (golf: Univ. of Houston : [3 NCAA championship teams/individual title: 1965: two-day total of 135/All-American: 1965/medalist honors at Western Amateur: 1966/Walker Cup team: 1967]; pro: Cajun Classic champ: 1967; golf teacher: Meyer Park Golf Course, Houston)
    1948-Johnny Longden became the first race jockey to ride 3,000 career winners as he set the mark at Bay Meadows in San Mateo, CA.
    1950-- CBS-TV premieres The Gene Autry Show.
    1951--Chuck Berry releases "Maybellene"
    1951-- Rosemary Clooney's "Come On-A My House" hits #1 
    1953---Top Hits
Doggie in the Window - Patti Page
Pretend - Nat King Cole
I Believe - Frankie Laine
Your Cheatin’ Heart - Hank Williams 
    1954-Henry Aaron of the Milwaukee Braves hit the first home run of his major league career. It came against Vic Rosdchi of the St. Louis Cardinals in the Braves' 7-5 victory.. Not only did he raise the bar for home runs, but he also established 12 other major league career records, including most games, at-bats, total bases and RBI's. Aaron won three Gold Glove awards, earned National League MVP honors in 1957, and appeared in a record 24 All-Star Games. Aaron went onto hit 755 homes, more than any other player. Television commercial depict Barry Bonds chasing his record, and Aaron trying to frustrate him at batting practice.
    1954-the NBA approved a proposal by Syracuse Nationals owner Danny Biasone to adopt a 24-second clock. The rule stated that “a team in control of the ball must make an attempt to score within 24 seconds after gaining possession of the ball.” Biasone promoted the rule to boost the league's offensive output. He decided on 24 seconds by dividing the total number of shots taken in an average game into 48 minutes, the time played in regulation game. 
    1956 - High on his recent successes, and at the insistence of Colonel Tom Parker, Elvis Presley begins a disastrous concert stint at the Frontier Hotel in Las Vegas where he opens for comedian Shecky Greene. Despite having "Heartbreak Hotel" at the top of the charts, the middle-aged audience, miles removed from Elvis' teen fan base, are completely indifferent to him, and his contract is soon torn up after only one week of a two-week engagement. However, while there, Presley witnesses a band called Freddie Bell and the Bellboys doing a wild rave-up version of Big Mama Thornton's blues hit "Hound Dog." He soon works it into the live act. Presley wouldn't play Las Vegas again for almost 13 years.
    1960-Herman's Hermits released a song called "My Sentimental Friend", which would become a major European hit, reaching number two on the UK pop chart. In the US however, the band was now hopelessly out of style and one of the best songs they ever recorded was ignored completely.
    1963-- High school student Neil Young and his band, the Squires, enter a Winnipeg, Manitoba, Canada studio to record their first single, a surf instrumental called "The Sultan."
    1961---Top Hits
Blue Moon - The Marcels
Runaway - Del Shannon
Mother-In-Law - Ernie K-Doe
Don’t Worry - Marty Robbins
    1963 - Jan and Dean record "Surf City" 
    1963 - Pete Rose of the Cincinnati Reds got his first hit in the major leagues. It was a booming triple off the Pirates' Bob Friend. ‘Charlie Hustle' went on to break Ty Cobb's all-time hitting record more than 20 years later, playing for the Reds, the Phillies and the Expos. He was later banished from baseball for illegal betting. 
    1964 - Ken Johnson of the Houston Astros will certainly never forget this day. Johnson tossed the first no-hit game -- for a loss -- in baseball history. Cincinnati's Reds beat Johnson's no hitter by a score of 1-0. The Reds capitalized on two costly Houston errors.
    1966-- Napoleon XIV's "They're Coming To Take Me Away, Ha-Haaa!" hits #1
    1966-- Frank Sinatra's Strangers in the Night LP hits #1
    1966-- Roger Miller's "You Can't Roller Skate In A Buffalo Herd" enters the charts
    1966 -- President Lyndon Johnson publicly appeals for more nations to come to the aid of South Vietnam.
    1969 - Top Hits
Aquarius/Let the Sun Shine In - The 5th Dimension
You’ve Made Me So Very Happy - Blood, Sweat & Tears
It’s Your Thing - The Isley Brothers
Galveston - Glen Campbell 
    1970 -Show: Joe Cocker (Mad Dogs and Englishmen), Van Morrison, The Stoneman, Metro Toll, Fairport Convention, Salt 'N Pepper, Clouds, Dry Paint, Brotherhood of Light, Little Princess #109 perform at the San Francisco Fillmore West Artist:David Singer.
    1970-Norman Greenbaum's "Spirit in the Sky" is awarded a Gold record. The single sold two million copies in 1969 and 1970 and reached number three in the US and number one in the UK. 
    1977-- Thelma Houston's "Don't Leave Me This Way" hits #1
    1977---Top Hits
Don’t Leave Me This Way - Thelma Houston
Southern Nights - Glen Campbell
Hotel California - Eagles
She’s Got You - Loretta Lynn 
    1985 - The Coca-Cola Company of Atlanta, GA, told the world in a barrage of advertisements that it was changing its 99-year-old secret formula. New Coke was called “the most significant soft drink development” in the company's history. The public did not like it. Fans of the original Coke were instrumental in bringing Classic Coke back. The Coca-Cola did keep the “new” diet Coca-Cola. This year they started introducing cherry coke, lemon coke, and this summer, vanilla. 
    1985 - Top Hits
We are the World - USA for Africa
Crazy for You - Madonna
Nightshift - Commodores
I Need More of You - Bellamy Brothers 
    1987 - "Business Week" magazine announced its list of the highest paid executives in the U.S. Lee Iacocca of Chrysler Corporation topped the list, followed by Paul Fireman of Reebok International. The computer revolution did not begin until the 90's, knocking most automobile executives way off the charts. 
    1988-the smoking ban on airplane flights went into effect. In compliance with rules issued by the Federal Aviation Administration, airlines banned smoking on domestic passenger flights lasting less than two hours, with the exception of chartered flights and travel club flights. Northwest Airlines voluntarily banned smiling on domestic passenger flights of all durations. The first commercial domestic air service that was entirely smoke-free, including the cockpit, was inaugurated by Delta Air Lines of Atlanta, GA, which banned smoking on all flights beginning January 1995. Other airlines adopted this policy in the following year.
    1988 - An intense winter-like storm brought thunderstorms to southern California, and produced snow in some of the higher elevations. Nine girls at Tustin CA were injured when lightning struck the tree under which their softball team had taken shelter from the rain. 
    1989 - Salina, KS, was the hot spot in the nation with a high of 105 degrees. The high of 105 degrees established an April record for the state of Kansas. A total of eighteen cities in the central U.S. reported record high temperatures for the date.
    1989 - "Baywatch" premiered on television . Set on a California beach, this program starred David Hasselhoff and a changing cast of nubile young men and women as lifeguards. Later the program was moved to Hawaii; the last episode was made in 2001. The most widely viewed TV series in the world, the program aired in 142 countries with an estimated weekly audience of 1.1 billion.
    1989 - Salina, KS, was the hot spot in the nation with a high of 105 degrees. The high of 105 degrees established an April record for the state of Kansas. A total of eighteen cities in the central U.S. reported record high temperatures for the date. 
    1994 - Discovery of the top “quark.” Physicists at the Department of Energy's Fermi National Accelerator Laboratory found evidence for the existence of the subatomic particle called the top quark, the last undiscovered quark of the six predicted to exist by current scientific theory. The discovery provides strong support for the quark theory of the structure of matter. Quarks are subatomic particles that make up protons and neutrons found in the nuclei of atoms. The five other quark types that had already been proven to exist are the up quark, down quark, strange quark, charm quark and bottom quark. Further experimentation over many months confirmed the discovery and it was publicly announced Mar 2, 1995. 
1999-- Fernando Tatis becomes the first player in major league history to hit two grand slams in one inning. The Cardinal third baseman hits both off Dodger starter Chan Ho Park in an 11-run third setting the major league mark. His eight RBIs in one inning also breaks the old record of six.
Stanley Cup Champions This Date
    1950 Detroit Red Wings




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