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

Seeking career minded business development
officer- leasing experience helpful
Grow with us as we expand our
business lending & leasing
Call Exec. VP Salvatore Venuto 515-576-9000 x1704
or email:

Since 1969, Macrolease has been operating
as a full service national equipment leasing company,
a subsidiary of Bank Rhode Island


Thursday, February 28, 2013

Archives---February 28, 2002
 Bob Fisher Resigns from Fisher-Anderson Leasing

   ---Forms New Company
    Classified Ads---Sales
ELFA Reports Lease Business Down from Previous Month
 by Christopher Menkin
   Classified Ads---Help Wanted
Leasing Industry in the Employee Expansion Mode
 by Christopher Menkin
  Open Positions at Leasing Funders/Various Locations
 New Hires---Promotions
  CLP Spotlight--Terrence "Terry" Wood, CLP
   NY Court Upholds Lease Protections for Equipment Lessor
    By Frank Peretore & Scott Chait
 The Seven Safest Banks in America
   Failed banks: Class of 2013
    By Aarti Kanjani and Robert Clark, SNL Financial
     AZELA First Meeting in 2013
      Terry Winders, CLP, Custom Built Poker Tables
       ---Order One for Father’s Day
Side Effects/No are New Films
 New DVD's Argo/Skyfall/Cloud Atlas

  Reviews by Fernando Croce
   Schnauzer (Miniature/Westie) West Highland White Terrier
    Kingwood, Texas Adopt-a-Dog
News Briefs---
 Storm brings deaths, travel problems, power losses
  Business spending plans gauge hits 13-month high
   Bank profits up 37% in 4 Quarter
    ---More loans offset low interest rate
    Complete 4th Quarter Bank FDIC Report: Profits Up!
     Yahoo's Marissa Mayer and Facebook's Sheryl Sandberg stir
       up the work/life balance pot in all new ways

Broker/Funder/Industry Lists | Features (collection)
Top Ten Stories Chosen by Readers | Top Stories last six months

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Archives: February 28, 2002
Bob Fisher Resigns from Fisher-Anderson Leasing
---Forms New Company


Thank you for your e-mail concerning my situation. By way of background, MarCap Holdings Corporation headquartered in Chicago currently owns Fisher-Anderson, L.C. 100%. This past year, December of 2001, I sold my final interest in Fisher-Anderson.

"Effective February 28th 2002 I have resigned to pursue another opportunity. My leaving FA was made on amicable terms with MarCap. As you are aware I have been active in our industry for 20 plus years and felt the time was right to refresh and pursue a new venture. Fisher-Anderson, L.C. remains active in the small ticket arena.

"This opportunity will be in the leasing industry. It is currently in the development stage and as such there are no "major announcements" at this time. The new company will be called Firerock Capital, Inc. and will be incorporated in Iowa. I will keep both you and your readers advised as things develop."

Bob Fisher, CLP

TODAY, February 28, 2013

Senior Vice President, Business Development
Ascentium Capital, Kingwood, Texas




Classified Ads---Sales

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

Central Valley, California
6 years sales, management, marketing, business development, budget planning, finance. Proven track record challenging and competitive situations. Expert: healthcare, banking, and entrepreneurship. dsp559@outlook.comResume
Garfield, NJ
15 years experience small to large ticket sales exp. All types of equipment industries. Vendor & direct. Self motivated. Work with leasing company or broker.
Tony Lio
Montgomery, AL
Individual with 10 years advertising sales exp. & 7 years insurance sales exp. Wants independent contractor situation in Alabama.
Work with leasing company or broker. 334-590-5133

Orange County, CA 
25+ yrs. leasing sales/sales mgmt.
Have an established office w/Lessee/Vendor following
Request direct funding source to exclusively partner with.

San Francisco Bay Area:
15 year Vendor Program Agreement HUNTER. Currently employed at major IT manufacturer captive supporting direct and channel sales. Must have base, commission and benefit package.

15 year lease vet looking for plact to take business.great references. all major equipment types. open to compensation. please contact if interested.
MBA, CLP, 20 yrs. experience, highly energy. Ethics, high volume producer Work from remote sales location, for national, independent Lessor/broker
Commission only preferred. E-mail:

Free Posting for those seeking employment in Leasing:

All “free” categories “job wanted” ads:



ELFA Reports Lease Business Down from Previous Month
by Christopher Menkin

(Leasing News Chart)

According to the Equipment Leasing and Finance Association, the MFLI-25 group, a select group of ELFA members, report New Business dropped from December of $11.5 billion to $5.9 billion in January. As you will note, in comparison to the 4th quarter of 2012, it was not a good month, going from the average of $8.5 billion to $5.9 billion.

MLFI-25 New Business Volume
(Year Over Year Comparison)

click image to make larger

January is usually a down month as is the first quarter of the last few years. The previous January was $5.9, meaning 2013 was higher. Other media highlighted the press release, showing business was up from the previous January, but this is quite misleading. The reality is the momentum has slowed down. It is obvious that business is not sure of what will happen, but if the classified ad section is any indication, there is a shortage of leasing personnel available to meet the demand of the many leasing and finance companies who see opportunity in the marketplace. The trend may be a typical slow first quarter, but business picking up thereafter (that’s my bet):

(Leasing News Chart)

Credit approvals were slightly down.

Credit Approval Ratios As % of all Decisions Submitted
(Year Over Year Comparison)

click image to make larger

Number of employees was slightly up

Total Number of Employees
(Year Over Year Comparison)

click image to make larger

Participants in the ELFA MLFI-25:

1.ADP Credit
2.BancorpSouth Equipment Finance
3.Bank of America
4.Bank of the West
5.BB&T Bank
6.BMO Harris Equipment Finance
7.Canon Financial Services
8.Caterpillar Financial Services
10.De Lage Landen Financial Services
11.Dell Financial Services
12.Direct Capital Corporation
13.EverBank Commercial Finance
14.Fifth Third Equipment Finance
15.First American Equipment Finance
16.GreatAmerica Financial Services
17.Hitachi Credit America
18.HP Financial Services
19.Huntington Equipment Finance
20.John Deere Financial
21.Key Equipment Finance
22.M&T Bank
23.Marlin Leasing
24.Merchants Capital
25.PNC Equipment Finance
26.RBS Asset Finance
27.SG Equipment Finance
28.Siemens Financial Services
29.Stearns Bank
31.Susquehanna Commercial Finance
32.US Bancorp Equipment Finance
33.Verizon Capital
34.Volvo Financial Services
35.Wells Fargo Equipment Finance

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Leasing Industry Help Wanted  

Los Angeles, CA

Credit Analyst
 Review and Approve Applications/Vendors

Documentation/Funding Staff
 Leasing/Banking experience a plus

Experience preferred. Salary, Commission
Bonuses and Benefits.

For more description of duties, please click on position
At Pacific Capital Companies our mission is to provide the American business sector with fast, innovative, financing solutions
to grow their companies and exceed their goals.



Seeking career minded business development
officer- leasing experience helpful
Grow with us as we expand our
business lending & leasing
Call Exec. VP Salvatore Venuto 515-576-9000 x1704
or email:

Since 1969, Macrolease has been operating
as a full service national equipment leasing company,
a subsidiary of Bank Rhode Island


For information on placing a help wanted ad, please click here:

Please see our Job Wanted section for possible new employees.


Leasing Industry in the Employee Expansion Mode
by Christopher Menkin

It was very interesting to learn all the open position at various banks, finance, and funding companies in up-dating the list that follows. For instance, Ascentium has 37 openings for "regional sales managers," Balboa Capital has sales, sales manager, and other jobs open at three locations, Channel Partners has many part-time and full-time positions throughout many states, Marlin Leasing has 12 jobs open, Pacific Capital has several operation openings plus is looking to build a 50 person sales team. I can list 6 other companies very easily that I have talked to wanting to place ads, all in the expansion mode. I also see many others looking for employees, especially in direct sales.

The momentum is there, including the Equipment Leasing & Finance Foundation's Monthly Confidence Index (MCI-EFI) for February is 58.7, an increase from the January index of 54.2; as well as today's News Brief with a story from Reuters that "Business spending plans gauge hits 13-month high."

The question is where are the experienced and skilled persons in the industry to fulfill the need?

I can report from running classified ads for over ten years that it is more difficult to find a new employee today than perhaps five or six years ago. It appears during the recent turndown, many left the industry, as well as during this period there were less entering as independents, as evidenced by membership in the leasing industry, companies that ceased indirect sales, and captive lessors also seeing less equipment sold or tightening of extending credit.

There also is the factor of the baby boomers reaching the age to retire (although some not, due to the economy), but the fact is in the specific industry of granting credit, making sales, and closing business, there are less people with experience in the marketplace.




Open Positions at Leasing Funders/Various Locations

You will find many jobs open in various leasing companies. Most are at the main office or a branch. The larger companies change listings and readers should click to them, as they change weekly, if not daily.

Leasing News invites other employers to list their "open positions."
The listing is free.

Advantage Funding



Alter Moneta

Atlas Copco

Ascentium Capital

Balboa Capital

Bank of America

Bank of Ozarks

Bank of the West
(type in state, and keyword leasing or category)

Channel Partners

CIT Job Openings

CSI Leasing

Data Sales

De Lage Landen Financial

Direct Capital

Farm Credit

Financial Pacific

Fifth-Third Bank

GE Capital

GreatAmerica Leasing

Home Savings Bank

Huntington Bank

Key Bank
Click here


Marlin Business Services

Madi$on Capital

Meridian Bank


Northern California Farm Credit (office listings)

Pacific Capital Companies

People's United Bank

PL Capital

Prime Alliance Bank

Regions Bank

Republic Financial

Sterling Bank

Taycor Financial

TCF Bank

TD Bank

US Bank
(type position in blank space and/or state)

Wells Fargo

Zions Bank


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New Hires---Promotions

Gina Downing has joined LEAF Commercial Capital, Philadelphia, Pennsylvania as the new regional manager for the Southwest sales region. “Gina will be responsible for advancing LEAF’s value proposition to existing and prospective equipment vendors within this strategically important region of the country,” said Vincent Faino, LEAF’s senior vice president of Sales. “Her extensive industry experience and proven track record in office product financing sales make her exceptionally qualified for this role. I anticipate that Gina will experience tremendous success with LEAF in her efforts to drive revenue and promote the LEAF brand.” Previously she was regional sales manager for CIT (July 2002-February, 2013) and has worked with GE Capital, Copelco Capital, and Citicapital. "We are very excited to have Gina as part of the LEAF team,” continued Faino. “One of her primary roles will be to help the equipment vendors in her territory to implement LEAF Managed Services solutions. Because a Managed Services contract can open many doors for the equipment vendor and all of the partners involved, we see this as a critical success factor in our strategy and an important part of Gina’s responsibilities. Her extensive experience building and nurturing strong relationships is perfectly suited to this role and will prove to be a valuable asset to all of the equipment vendors she works with.”

Megan Kueck was named Director of State Government Relation for the Equipment Leasing and Finance Association, Washington, DC, working closely with Vice President of State Government Relations Dennis Brown. Previously she was manager, external & government affairs, Council on State Taxation (January 2011-January, 2013), legislative associate, Stateside Associates (June, 2010-December, 2010), research analyst, West Virginia Legislative Auditor's Office (January, 2008-May, 2010).Marshall University, B.A., Political Science(2002 – 2006).
- Presenter at Marshall University Women in History Month Conference
- Master of Ceremonies at Women in Politics Forum
- Student Body President candidate, 2005
Activities and Societies: Sigma Sigma Sigma Sorority, Phi Eta Sigma Honor Society, Resident Advisor, Marshall University Student Ambassador, Tutor for the Buck Harless Student Athlete Center, Dean's List, Ecumenical Council Sanjeeve Narayan was named managing director in the Healthcare capital Group of Ally Commercial finance, a unit of Ally Financial. Previously he was vice-president of Healthcare Leverage finance, fifth third Bank (August, 2010-Febuary, 2013), part of the healthcare unit, serving as vice president at Union Bank, (June, 2009-July,2010), health care unit vice-president, Merrill Lynch (2004-2009), vice-president, Countrywide Financial (November, 2003-April, 2004), associate, banc of America Securities (May, 2001-November, 2003), associated, Banque Paribas (June, 2999-May, 2001).USC-Marshall School of Business, Master of Business Administration (MBA), Finance (1997 – 1999), University of Delhi, Bachelor of Commerce (B.Com.) (1992 – 1995).

Rob Parker named vice president of Wells Fargo Equipment Finance Office Equipment finance division. "Parker will oversee sales activities that provide financing solutions to large office equipment manufacturers and independent dealers. Based in Chanhassen, MN, Parker will report to Gene Paradiso, senior vice president of the Office Equipment Finance division." Previously he was eastern director of sales, US Bancorp Equipment Finance, office equipment vendor services (December, 2003-Feburuary, 2013). Mayville State University BA, Business.

Andrew Sisti joins ATEL Leasing as senior vice president, Capital Markets, based out of ATEL’s New York office. Previously he was ma founding partner of Fortiori Capital (April, 2012-February, 2013), managing director of BTMU Capital Corporation , Bank of Tokyo Mitsubishi UFJ (June, 2003-March, 2012), vice--p0resdient, Citi (June,1995-May, 2001), vice-president, GE Aviation (1994-1995). Columbia University - Columbia Business School Master of Business Administration (MBA), Finance, General (1988) Activities and Societies: Columbia Business School Club of New York. Fordham University, Bachelor of Arts (B.A.), Economics, Cum Laude (1985) Activities and Societies: Cross Country, Indoor and Spring Track, Economics Club.

Steven Spivey joins ATEL Leasing as senior vice president, Capital Markets, based out of Maryland. Previously he was a principal with SMS Consulting (May, 2012-Feburary, 2013), director-alternative investments & treasury, GE Capital (April,2009-2012). He joined GE Capital in 1993, rose to senior credit analyst, 1995, manager, international credit & operations Asia, 1998, manager, quality leader Six Sigma, May, 200, global risk and operation manager, May, 2002, managing director, GE Healthcare Finance, June, 2005, SVP Capital Markets Group, director, alternative investments & Treasury (April, 2009-@012). Prior he was assistant vice president, credit (MNC Financial (1986-1992).University of Baltimore, MBA, Finance (1984 – 1986),Towson University, BS, Accounting & Finance (1980 – 1984).


CLP Spotlight

Terrence “Terry” Wood, CLP
Special Assets Dept., Orion First Financial, LLC
Gig Harbor, Washington

“I got my start in residential construction but when an opportunity presented itself to get in at the ground floor of consumer banking I jumped at it. After learning the ropes and attending all of the ABA classes available, I spent four years in the consumer collections and repossessions arena.

“Another opportunity presented itself in 1989 when I accepted a position with Financial Pacific and I learned commercial leasing and equipment finance. After spending 13 1/2 years in portfolio servicing management, I accepted a position with a national asset management company tending to operations and business development.

“In January 2006 I accepted a position with Orion First Financial and I now have the pleasure to work alongside some of the most talented people in the industry that I have known for many years. As with most of us in the industry, I have worn several hats throughout the years: Business Development, Credit Underwriting, Customer Service, Collections, Asset Management, Loss Recovery, Special Assets, etc... I am very fortunate to be a part of this dynamic servicing organization.

“The economic downturn has definitely created the biggest challenges in my day as I think it has for most of us. In the past 4-5 years, portfolio servicing has been extremely challenging to say the least. It is stressful to watch business after business struggle, close their doors and fail. Our daily challenge is to recognize the opportunities that still exist and figure out how to capitalize on them accordingly."

Ironically, Terry is in an unique situation as he works at Orion with his ex-wife Jennifer R. Wood, who is also a CLP. He has five daughters from a previous marriage. Three are grown and out on their own, he says, two of which are married and are starting families of their own. "I have been blessed with two grandsons, one granddaughter and two grand-dogs. My two youngest are 17 and 19 and are still at home so they keep me on my toes. I have earned every grey hair that I have. On occasion, I find time to ride my Harley, hunt, fish, hike and camp."

"I think it is critical for our industry that more young people become a certified lease professional. It brings more education, understand, ethics, and contributes not only to growth of the industry, but to the growth of the individual."

Why I Became a CLP

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)


NY Court Upholds Lease Protections for Equipment Lessor
By Frank Peretore & Scott Chait

A recent decision out of New York should give commercial equipment lessors reason for celebration in what has, candidly, often been a creditor unfriendly legal environment in the post-subprime world.

The case, Wells Fargo Financial Leasing, Inc. v. Kokoon, Inc., 2013 N.Y. Misc. LEXIS 384 (Sup. Ct. N.Y. Ct’y Jan. 25, 2013), involved a finance lease for 3 copiers which the lessee defaulted under after making only 8 payments. The lessee argued that the copiers were the wrong models and were defective. The lessee also alleged that it had a previous lease with a different finance company and, in entering into the (new) lease at issue in this case, an individual acting on behalf of the vendor and the lessor fraudulently promised to “buy out” the old lease and replace the old models with new copiers.

The Court, in a well-reasoned and well-informed opinion, rejected all of the lessee’s arguments. In doing so, the Court reiterated several important pillars of protection for equipment lessors. As such, while many of the protections are familiar to the equipment leasing community, a quick overview of some of the Court’s salient points provides a nice refresher on how to construct lease documents and what actions a lessor should take to ensure it can avail itself of statutory and contractual protections when the lease is in default.

  1. The court rejected the lessee’s argument of fraud, collusion and agency due to the non-party’s fraudulent promise (allegedly on behalf of the lessor) to use the new lease proceeds to pay off the existing lease. His alleged oral promise to do so directly contravened the express language of the lease that the vendor is not the lessor’s agent and thus, the lessee could not rely on any false representations made on behalf of the lessor. Moreover, the court re-iterated that a party doing business with an agent bears the burden of investigating and confirming that such person is actually acting on behalf of another party. Here, the lessee failed to do so. As such, while non-agency language is par for the course in most, if not all, equipment leases and finance agreements, this case is a good reminder of the importance of such provisions.

  1. The Court enforced both the statutory “hell or high water” provision found in Article 2A of the Uniform Commercial Code (UCC), as well as the contractual “hell or high water” provision set forth in the lease. This is important because while it’s nice to have the protections of the statutory provision, whether or not a lease is deemed a “finance lease” – and thus subject to the protections of Article 2A – can be a fact intensive endeavor. For a lessor looking to reduce its balance to judgment in a swift and efficient manner (i.e., on summary judgment and avoiding an expensive and time-consuming trial), having a “hell or high water” provision in the lease is critical. Absent fraud, “hell or high water” provisions render the lessee’s obligations to pay absolute, irrespective of any alleged defects in performance. The language should be conspicuous (bold, all capital letters) and should use words like “irrevocable and “non-concealable.”

  1. Even if the lease had not met the statutory definition of a “finance lease,” the Court approved the parties’ agreement that the lease constituted a “finance lease” under Article 2A. Not all courts will rely on the parties’ contractual agreement to deem a lease a “finance lease” and will therefore engage in the often searching, fact-intensive analysis to determine if the statutory definition is met. However, as is clear from this case, having such a provision in your lease can only help.

  1. The court enforced the disclaimer of warranties provision, finding that it met the statutory requirement that the disclaimer be “conspicuous.” The provision was in bold and used all capital letters and was set just above the signature lines at the end of the document (and even if it had been in the body of the lease, the UCC’s definition of conspicuous includes text in the body of a form so long as “it is in larger or other contrasting type or color”). Bottom line: if possible, the disclaimer of warranties should either be at the beginning or end of the lease, with all capital letters and bolded.

  1. Even though the print was fine and the lines close together, the Court found the lease to be legible and regardless, the lessee failed to cite any case law requiring text to be of a certain size (at least in NY and NJ, this is true for commercial leases; however, consumer leases do have certain text size requirements). Nonetheless, while we are mindful of the fact the business exigencies often mandate short lease documents, the cautious lessor should still produce lease documents with lines sufficiently set apart and text sizes set at reasonable levels.

  1. One of the biggest issues in the equipment finance arena is when does “acceptance” by the lessee of the equipment occur? Article 2A provides that acceptance occurs after the lessee has had “reasonable opportunity to inspect,” the lessee indicates that the equipment is conforming or they accept the nonconforming equipment, and the lessee fails to reject the equipment. Article 2A further provides that a rejection is ineffective unless, within a reasonable time after delivery, the lessee “seasonably notifies the lessor.” Naturally, what constitutes “reasonable” and “seasonable” can be open to interpretation.

In Kokoon the Court shed some light on the issue in determining that acceptance had occurred. First, the lessee’s employee signed an Acceptance Certificate on the day the equipment was delivered acknowledging that the equipment was fully delivered, installed, inspected, tested and was in good working order and is thus irrevocably accepted. Second, the first time the lessee complained to the lessor about the equipment was six months after delivery, which the Court found not to be “seasonable notice” of rejection. Third, the lessee accepted the equipment by confirming in a telephone call with the lessor five days after delivery that the lessee had all the equipment and the lease may commence.

Once again, we are mindful of the fact that business realities, especially on smaller deals, often make multiple levels of confirmation of acceptance cost-ineffective. However, there’s no doubt that all deals should include an Acceptance Certificate with terms confirming delivery, installment, testing, good working order and irrevocable acceptance. Then, to the extent possible, a week or so later, a follow-up confirmation call or email should be made or sent. The results of that call or email should be clearly documented and placed in the file.

  1. Finally, the Court rejected the lessee’s defenses because it had ratified the lease by making 8 months of payments before defaulting. The doctrine of ratification is a powerful tool for lessors and the fact that the Court found ratification to exist despite the relatively short period of payments, is very encouraging.

In the end, Kokoon is a terrific reminder of how well drafted leases with extensive and integrated provisions can be invaluable in cost effectively and efficiently enforcing a lessor’s rights and remedies.

Kokoon Court Case

Frank Peretore is a founding partner of Peretore & Peretore, P.C. and Scott Chait is an associate with the firm. They can be reached at and, or (973) 729-8991.


The Seven Safest Banks in America

While Bank of America Corp. (NYSE: BAC) was the best performing of the 30 Dow Jones Industrial Average stocks in 2012, it and the money-center banking giant Citigroup Inc. (NYSE: C) actually do not qualify to be in the safest banks in America, even though the reality is that these banks are almost certain to survive another recession. The Federal Reserve deems them to still be problem banks, and they have so far not been freed up to raise their dividends or to increase share buybacks. That may change ahead, and the reality is that these banks are believed to be strong enough to weather most negative scenarios under the impending stress tests.

Based on the analysis, we anticipate that future lists of the safest banks in America may include 10 or even 12 banks, rather than seven, because many banks only missed one criteria yet exceeded other hurdles handily. We still are not evaluating the community or single-region banks due to size or single geography risks. That being said, many of those community banks have better ratios than any of the larger safest banks in America.

This is the 24/7 Wall St. list of the seven safest banks in America for 2013 to deposit money into, ranked in order of safety, size by assets, and reach. Our rank is based on financial stability, size by assets, and by reach.

BOK Financial Corp. (NASDAQ: BOKF)
Market cap: $4 billion
Total assets: $28.1 billion

BOK Financial Corp. (NASDAQ: BOKF) is small compared to the major banks, but it also had one of the few credit rating upgrades (from Fitch, to A from A-) in 2012. Its net income of $351 million in 2012 may sound small compared to the rest of these banking giants, but it is classified as an overcapitalized bank. The return on assets was 1.32% and the return on equity was 12.23%. Its Tier 1 capital ratio of 12.59% is also high on the list of safest banks, and its Tier 1 common equity ratio under a fully phased in Basel III framework was approximately 12.15%.The bank holding company is based in Tulsa, Okla., and its common branch names in other states are Bank of Albuquerque, Bank of Arizona, Bank of Arkansas, Bank of Kansas City, Bank of Oklahoma, Bank of Texas and Colorado State Bank and Trust.

M&T Bank Corp. (NYSE: MTB)
Market cap: $13.4 billion
Total assets: $83 billion

M&T Bank Corp. (NYSE: MTB) is based in Buffalo, N.Y., and dates back to 1856. M&T was ranked as number four on our list of America’s safest banks in 2012, but it has dropped to number six due to its pending $3.7 billion acquisition of Hudson City Bancorp Inc. (NASDAQ: HCBK), versus its current market cap of $13.4 billion. The bank can absorb this acquisition, as it has a long history of acquisitions, but Hudson City has lost some of its former strength and we have not yet seen what the combined finances will look like after the approval vote in April of 2013.

The bank is in the top 20 largest banks, with more than 700 branches in eight states in the Northeast and eastern seaboard. M&T pays out a dividend of about 2.7% to its common stockholders, and its dividend has been static at $0.70 per quarter going back to 2007. The stock is trading at almost $105, and Wall St. analysts have a consensus price target of $107.64. Its book value per share has not been updated but was $71.58 per share as of the third quarter of 2012.

KeyCorp (NYSE: KEY)
Market cap: $8.9 billion
Total assets: $89.2 billion

KeyCorp (NYSE: KEY) earned $827 million in 2012. Its return on assets was 0.96% and its return on equity was 8.5%. The bank represented its Tier 1 common equity ratio as 11.16%. It operates through almost 1,100 retail branches in 14 states in the Rocky Mountains, Northwest, Great Lakes and Northeast. It remains impressive that KeyCorp is on the list of safest banks when you consider that it is headquartered in Cleveland, where many troubled loans arose. The bank pays a 2.1% yield to its common shareholders.

PNC Financial Services Group Inc. (NYSE: PNC)
Market cap: $33.2 billion
Total assets: $305 billion

PNC Financial Services Group Inc. (NYSE: PNC) is based in Pittsburgh and is the ninth largest bank in America by assets, with expansion taking place in the Southeast. The acquisition of RBC’s branches in the U.S. for almost $3.5 billion was nowhere close enough to change its rank. This deal and a mortgage charge pressured earnings. PNC has almost 2,900 branches in 17 states, and it also has an internal CEO transition taking place. Net income was about $3 billion in 2012, and its return on equity was dragged down to 8.31% from 9.56% a year earlier. Its Tier 1 common capital ratio was 9.6%, and it gave a Basel III Tier 1 common capital ratio projection of 7.3%. PNC pays a dividend of about 2.5% to its common holders and is likely to get approval to raise its payout as it has in 2012 and 2011.

The bank pays a 2.5% dividend yield to its common holders, and it owns more than one-fifth of the great asset management firm BlackRock Inc. (NYSE: BLK), worth close to $8.5 billion.

U.S. Bancorp (NYSE: USB)
Market cap: $63.7 billion
Total assets: $353.9 billion

U.S. Bancorp (NYSE: USB) often is overlooked as a money-center bank because it is a super-regional located in Minneapolis. It is the fifth largest commercial bank in the United States and caters to millions of consumers. Its net income was more than $5.6 billion in 2012, with a Tier 1 common ratio of 9.0% and a Tier 1 common equity ratio of approximately 8.1% under the proposed Basel III rules. The bank had a return on assets of 1.65% but boasted a very high return on equity of 16.2%. U.S. Bancorp operates more than 3,000 branch locations and 5,000 ATMs, and its operations are spread out over 25 states. Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) owns more than 61 million shares, now worth more than $2 billion. U.S. Bancorp pays its common shareholders a 2.3% dividend yield, but its finances are strong enough that we expect regulators to approve more dividend hikes and continued share buybacks, as the company applies for them

J.P. Morgan Chase & Co. (NYSE: JPM)
Market cap: $186 billion
Total assets: $2.4 trillion

Jamie Dimon is still the king of bankers, but the London Whale’s multibillion trading loss, which was overlooked and minimized, helped to remove this bank from being the safest bank in America. A growing shareholder call to split Dimon’s chairman and CEO roles is another point of contention, but the reality is that the bank’s finances are solid and it has the biggest fortress balance sheet of all banks. Dimon even has said under testimony that the only risk to the bank’s failure is a collision of the earth and moon. J.P. Morgan Chase & Co. (NYSE: JPM) made a profit of $21.3 billion in 2012, with a return on assets of 0.92% and a return on equity of 10.72%. Its represented Basel I Tier 1 common equity ratio was 11.0%, and it projected that its Basel III Tier 1 common ratio was 8.7%.J.P. Morgan has more than 5,600 branches around the nation and is still adding branches each year.

Wells Fargo & Co. (NYSE: WFC)
Market cap: $188 billion
Total assets: $1.42 trillion

Wells Fargo & Co. (NYSE: WFC) remains the undisputed safest bank in America. This bank makes its money lending and acting as a bank more than through brokerage or investment banking and trading. Its net income in 2012 grew 19% over 2011 to $18.9 billion. The bank’s return on assets was 1.46%, with a return on equity of 13.35%. Wells Fargo represented its Tier 1 common equity ratio as 10.12% under Basel I, and its estimated Tier 1 common equity ratio was 8.18% under current Basel III capital proposals. Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) owns a stake worth more than $16 billion and has reportedly acquired yet more shares. The safest banking giant in America is so safe that it was allowed to raise its dividend ahead of other banks, and it now offers a 2.87% dividend yield to the common holders. While shares trade at almost $36, its book value per share is $27.64, and Wall St. analysts have a consensus target price of $39.30. Wells Fargo has branches in almost every state in America, with more than 9,000 stores and 12,000 ATMs.

Full Story by Jon C. Ogg

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Failed banks: Class of 2013
By Aarti Kanjani and Robert Clark, SNL Financial

Regulators did not close any banks Friday, Feb. 22, keeping the year's total number of failures at three. In 2012, regulators had closed 11 banks through Feb. 24.

As of Feb. 22, the three bank failures thus far in 2013 did not involve a loss-share agreement. In 2012, the FDIC entered loss-share agreements with the buyers of 20 of the 51 closed banks. In 2011, the FDIC entered loss-share agreements with the buyers of 58 of the 92 closed banks.

The median cost to the deposit insurance fund at the time of announcement as a percentage of the failed banks' assets was 22% in 2013, 21% in 2012 and 23% in 2011.

Chicago-based Covenant Bank ($58.4 million)

The bank was established in 1977 and had its sole branch in Chicago. In November 2012, Covenant Bank disclosed the need for an immediate capital infusion. Also that month, the bank was issued a prompt corrective action directive by the FDIC. It had been issued a consent order by the FDIC in June 2011. As of Dec. 31, 2012, the bank's Tier 1 ratio was 2.19%, and its Texas ratio was 397.27%.
(Full Story:

Andover, Minn.-based 1st Regents Bank ($49.6 million)

The bank was established in 2001 and had its sole branch in Minnesota. The FDIC issued the bank a consent order in March 2010. As of Sept. 30, 2012, its equity capital fell to $924,000 and its Texas ratio was 612.51%.
(Full Story: )

University Place, Wash.-based Westside Community Bank ($91.9 million)

Westside Community operated two branches in the Tacoma, Wash., area. The bank had previously agreed to sell the company to a group of investors for $5.7 million in August 2012. The FDIC issued a prompt corrective action directive to Westside Community in June 2012. As of Sept. 30, 2012, 32.50% of the bank's assets were nonperforming.
(Full story: )



AZELA First Meeting in 2013

Thursday, March 7, 2013 – 5 P.M.
& 1st Annual Golf Tournament
Starfire Golf Club
11500 North Hayden RD
Scottsdale, AZ 85260

Keynote Speaker:
Michael Goodman
Speaker, Performance Coach, Author, Trainer

Michael D Goodman, President of Revenue Kinetics, LLC has been in business and sales nearly 40 years in the Phoenix Metropolis. In 2000 he began a private practice in sales training and consulting and since then has also launched AzSalesPros, now the International Sales Pros Association, Authored the Solomon Sales System, Created the American Sales Academy, the League of Sales and Sales Team Six, a mercenary sales organization. In 2011 Michael became a Founding Partner of the John Maxwell Team, a global organization of independent consultants. Michael has helped literally thousands of sales people and hundreds of organizations in Arizona and nationally improve their sales and leadership efforts

Michael is sharing the top tips with the A.Z.E.L.A. on how to succeed when all others are falling behind.

Breaking down complex concepts into simple bite size chunks, stirring in a healthy dollop of humor and blending these with encouraging amounts of enthusiasm; this will be an entertaining and educational recipe of success and gaining ground in 2013.

Fee: $25 members/$35 non-members payable. Golf: $69.00(see attached flyer). Don’t forget about the annual dues of $25.00

Registration includes drink ticket, appetizers, buffet
and time to network with you peers.

Call Today to Make Reservation:
RSVP/Registration form to Bill Matetich:,
or fax 480-929-0621
For more information please call Bill at 480-231-2139


All Leasing Association Conferences Up-Date:





Terry Winders, CLP, Custom Built Poker Tables
---Order One for Father’s Day

Well-known leasing lecturer, sales trainer, and legal expert, Terry Winders, CLP, hobby is not only playing poker, but building poker tables.

He built one for himself, and when his poker friends came over to play, they wanted him to build one. Now he builds them not only as a hobby, but a side-line business.

“They are all solid walnut except the Base board," he says They are therefore very heavy. I sell the plain ones for $2450, the one with a bumper all the way around for $2695 and the one with the red bumper and chip holders for $2995. I haven't changed the price in years as I enjoy building them.

"The color of the bumpers and the color of the felt can be any color the person wants....The purchaser must pay for shipping....and the chairs are not included."

Bumper all around:

Chip holder and bumpers version

He has built other styles and different versions, but the three above are the most basic.

For more information, call Mr. Terry Winders, CLP, at 502-649-0448 or email him at

Mr. Terry Winders available as a consultant regarding assisting attorneys in resolving disputes or explaining procedures or reviewing documents as utilized in the finance and leasing industry.

He is the 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.


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


Fernando's View
By Fernando F. Croc

A pair of intriguing dramas (“Side Effects” and “No”) comes to theaters, while DVD releases include a couple of Oscar winners (“Argo” and “Skyfall”) and a one-of-a-kind cosmic fantasy (“Cloud Atlas”).

In Theaters:

Side Effects (Open Road Films): One of the most prolific and versatile current directors, Oscar-winner Steven Soderbergh ("Traffic") has announced his retirement from filmmaking with this twisty psychological thriller. If that's true (and hopefully it isn't), then this will make for a satisfying final movie, bringing together many of Soderbergh's often slippery themes and obsessions. The plot centers on Emily (Rooney Mara), a fragile young housewife whose life starts to unravel when she's reunited with her estranged husband Martin (Channing Tatum). Trying to make her way through a bout of severe depression, she becomes involved with Jonathan (Jude Law), a psychiatrist with a new, experimental medication. To describe more would mean giving away the film's intriguing, sometimes disturbing turns. Suffice to say that Soderbergh's stylish direction and a strong cast will keep you glued to the screen to the very end.

No (Sony Picture Classics): Following "Tony Manero" and "Post Mortem," director Pablo Larrain continues his trenchant investigation of life in Chile during Augusto Pinochet's dictatorship. While those films were filled with dark anguish, his newest, Oscar-nominated movie deals instead in irony and droll humor, making it his most accessible work yet. Set in 1988 when Pinochet was scheming to strenghten his slacking grip on the country, the plot focuses on Rene (Gael Garcia Bernal), a maverick young advertising agent who's chosen by the government to lead their campaign. However, Rene decides to undermine the dictator instead of helping him, and launches a sly series of over-the-top political ads aimed at ridiculing the man he's supposed to uphold. A fleet and smart satire which uses archival footage to often hilarious effect, "No" should earn a hearty "Yes" from viewers. With subtitles.

Netflix Tip: If it turns out to be Steven Soderbergh’s last film, “Side Effects” would join a roster of final works by celebrated filmmakers. Check out Netflix for such other last films as Luis Bunuel’s “That Obscure Object of Desire” (1977), John Huston’s “The Dead” (1987), Stanley Kubrick’s “Eyes Wide Shut” (1999) and Robert Altman’s “Prairie Home Companion” (1996).


Argo (Warner Bros.): Truth proves to be stranger than fiction in this based-on-a-real-story thriller, which has just triumphed on this year’s Oscar night. Continuing his stint as a director, Ben Affleck directs this nail-bitingly tense story set during the height of the Iranian Revolution in the late 1970s, when Hollywood literally came to the rescue of diplomats trapped in a nation in upheaval. When protesters storm the U.S. embassy in Tehran, a group of Americans hide in the Canadian embassy. A daring plan is concocted by CIA agent Tony Mendez (Affleck), who uses his connections to the movie industry to pretend to be part of a film crew traveling to the Middle East to shoot a sci-fi epic. Will the life-or-death charade hold up? Made with suspense, humor, and a cast that includes Alan Arkin, Bryan Cranston and John Goodman, this is one of last year's most crowd-pleasing prestige releases.

Skyfall (Columbia): Following the lukewarm "Quantum of Solace," the James Bond franchise comes roaring back with this sleek, gorgeous installment, which aims to combine elements from both the thriller genre and the art-house. This time around, legendary secret agent Bond (Daniel Craig) is contemplating retirement after an assignment in Turkey gives the impression that he was killed. He returns to his world-saving ways, however, when former agent Silva (Javier Bardem) threatens to make deadly use of information regarding the secret organization of Bond's superior M (Judi Dench). In this world of multiple betrayals and underground networks, can Bond defeat the villains without sacrificing his own humanity? Directed by Sam Mendes ("American Beauty") and featuring an Oscar-winning song by Adele, the picture manages to be at once elegant and thrilling, offering a more than worthy entry in the 007 saga.

Cloud Atlas (Warner Bros.): No matter how you feel about their movies, there's no denying that Andy and Lana Wachowski, the filmmaking siblings behind "The Matrix," aren't afraid of taking bold cinematic leaps. So it goes with this audacious new epic, which tells six different stories separated by time and space yet connected by something deeper and more mysterious. Co-directed with the gifted German filmmaker Tom Tykwer ("Run Lola Run"), the plot is a complicated grid of centuries and countries in which the same actors play different characters, so that such stars as Tom Hanks and Halle Berry play 19th-century ship captains and 1970s private eyes one moment and survivors of a post-apocalyptic world the next. The results may be frustrating to viewers looking for a more conventional story, but adventurous audiences will appreciate the one-of-a-kind, exhilarating quality of the film's vision.

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Schnauzer (Miniature/Westie) West Highland White Terrier
Kingwood, Texas Adopt-a-Dog

Color: White-with gray or silver
Age: Young
Size: Small, 20lbs.
Sex: Male

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

Marco's Story...

Marco s a real sweetheart. Very loving and good with other dogs.

Rescue Group:Best Friends FurEver
Contact: Trish Pace
Let 'em know you saw "Marco" on!
Address: Kingwood, Texas 77339

Our Adoption Process...

We have an adoption contract and an adoption fee that may vary beginning at $95.00.

All potential adoptive families must complete our adoption screening process. When inquiring about an animal, please include information about yourself, family, other pets, work hours, etc Each animal is an individual and we work hard at making the correct match.

We Serve the Following Cities, Towns, and/or Counties... Houston, Texas and Surrounding areas. areas. Primarily Humble, Kingwood and Porter

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

Adopt a Pet


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News Briefs----

Storm brings deaths, travel problems, power losses

Business spending plans gauge hits 13-month high

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---More loans offset low interest rate

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Winter Poem

Shortcut Through the Storm 

    by Robert Savino

There were too few roads.
There were too many motorists.
My choice was longer in distance,
but far less travelled.

I took a shortcut through the storm,
crawling over the black-iced asphalt,
too close behind Boyd’s black flower car,
in the dreary pitch of Ocean Parkway.

Storm clouds shifting and changing,
pass over, so low, engulf my presence.
I exit in an angel’s breath,
a winged spirit of the Great South Bay,

greeted by Moses at the foot of the bridge,
moments from home and the neon lights
of strip mall shops, that brighten the bus
stop at the corner of Oak Neck Road.

Minutes pass slowly within these hours.
Sounds of snow plows wake me from sleep.

Robert J. Savino is a native Long Island poet and long standing board member of Island Poets. His poems have been published widely, in print, from The Long Island Quarterly to the Haight Ashbury Literary Journal, as well as online in Poetry SuperHighway and Combat Magazine.



Sports Briefs----

Chiefs' success dependent on whether Alex Smith thrives without Jim Harbaugh

Assuming the worst in Alex Smith trade



California Nuts Briefs---

California lawmakers bite into meaty issue of hot dogs

California bill would ban smoking in multi-unit housing

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“Gimme that Wine”

New wine competition created for North Coast

$24.5 million deal to protect 20,000-acre Sonoma County forest

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Falmouth boutique winery seeks to double production

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US/International Wine Events

Winery Atlas\

Leasing News Wine & Spirits Page


This Day in History

  1732- Mass was celebrated for the first time at St Joseph's Church , in Philadelphia the only Roman Catholic church built and maintained in the American colonies before the Revolutionary War.
    1750-Population estimated the number of white inhabitants of all the colonies to be 1,165,000, and the blacks (who were mostly slaves) to be 260,000, distributed as follows: WHITE. BLACK. Massachusetts .. 207,000 3,000 New Hampshire .. 50,000 3,000 Connecticut .. 133,000 3,500 Rhode Island .. 35,000 4,500 New York .. 85,000 11,000 New Jersey .. 73,000 5,000 Pennsylvania and Delaware .. 195,000 11,000 Maryland .. 104,000 44,000 Virginia .. 168,000 116,000 North Carolina .. 70,000 20,000 South Carolina .. 40,000 40,000 Georgia .. 5,000 2,000 Since the English Revolution in 1688--a period of only sixty-six years--the growth of the colonies in population had been marvelous. New England had increased from 75,000 to 425,000; New York , from 20,000 to 85,000; New Jersey , Pennsylvania , Delaware and Maryland , from 47,000 to 372,000; Virginia , from 50,000 to 168,000; and the Carolinas and Georgia , from 8,000 to 135,000. The assertion of a letter of an "American Farmer" was almost literally true when he wrote: "We are all tillers of the earth from Nova Scotia to West Florida . We are a people of cultivation, scattered over an immense territory; communicating with each other by means of good roads and navigable rivers; united by the silken bands of mild government; all respecting the laws, without dreading their power because they are equitable."
    1829- Bavarian immigrant Levi Strauss was born this day in 1829. He created the world's first pair of jeans—Levi's 501 jeans—for California 's gold miners. They were made of sail canvas and rivets were used along with sail making thread. He dyed them blue to hide the marks from the riveting apparatus, plus to make them appear more attractive. The pants style is still popular today, but now in “designer” styles from full boot to slim leg and more.
    1846- George C. Stebbins, American Baptist music evangelist, birthday. A composer of over 1,500 songs during his lifetime, Stebbins is still remembered today for writing the melodies to such hymns as: "I've Found a Friend," "Take Time to Be Holy," "Have Thine Own Way, Lord" and "Jesus is Tenderly Calling Thee Home."
    1846- William F. “Buffalo Bill” Cody birthday at Scott County, Iowa. He claimed to have killed more than 4,000 buffaloes. Subject of many heroic Wild West yarns. Cody became successful as a showman taking his acts across the US and to Europe .
    1870- the first pneumatic subway invented by Alfred Ely Beach , known first as the Beacg Pneumatic Underground Railway, was opened to the public in New York City . It consisted of a circular tube nine feet in diameter and the cars, which were well upholstered, carried 222 person s each way. They were propelled by a rotary blower that drove a blast of air through the tunnel against the rear of the car, carrying it along “ like a sailboat before the wind.”
    1870 -- Wyatt Outlaw, black leader of Union League in North Carolina , is lynched. Wyatt Outlaw, the Negro police officer who had fired upon the Klansmen at their first appearance in the county, was head of the Union League, an anti-Ku Klux Group in the County. His death had been determined by certain members of one of the Klan orders. A party of them rode into Graham on the night of February 26, 1870, seized Outlaw in his home, and carried him to a tree in the courthouse square. There they hanged him, leaving on his breast the inscription: "Beware, ye guilty, both black and white.” Many blacks were killed by the Klan, and Black homes and property burned/destroyed for the next sixty-five years, into the late 1920's.
    1873--By the year the American bison, also called the buffalo, was almost extinct, even though at the start of the nine­teenth century estimates placed the North American bison population as high as 60,000,000. Bison were essential to the way of life of the Indians of the Great Plains , who depended on them for food, clothing, and shelter. The symbiotic relationship of the Indians and the bison threatened neither group. However, with the coming of the railroad, professional buffalo hunters, and the settlement of the West, the situation changed. Bison were slaughtered far beyond any' need for food or hides. Although in 1865 about 10,000,000 bison still roamed the plains, by 1890 only 1000 or so were left.
    1885-Birthday of 1858, Lavinia Lloyd Dock, nurse, settlement house worker, suffragist. LLD trained as a nurse at Bellevue Hospital, the first American school to follow Florence Nightingale's principles of patient care and nurse self-reliance. LLD nursed during a yellow fever epidemic in Jacksonville, FL, and at the Johnstown, PA flood. She wrote Materia Medical for Nurses (1890), the standard nursing text for a generation. Moved to the Henry Street Settlement house Lillian Wald had created, became a member of Wald's inner circle, and lived there for 20 years. She also wrote A History of Nursing (1907 with Adelaide Nutting which explored the glorious historical past of women's involvement in nursing, until men took over to bring "general contempt" to nurses and "misery" to patients, "until Florence Nightingale came to the rescue." She had to move out of the Henry Street Settlement because of her actions - including arrests - in connection with the radical American Woman's movement. 
    1887- Grover Cleveland “Pete” Alexander, Baseball Hall of Fame pitcher born at Elba, NE. Alexander won 373 games ( tied for 3rd on all time list) pitching for 20 years with the Philadelphia Phillies, Chicago Cubs and the St. Louis Cardinals. he won 30 or more games three times and won the National League earned run average title five times. In Game Seven of the 1926 World Series with St. Louis ahead, 3-2, he staggered in from the bullpen to strike out the New York Yankees' Tony Lazzeri with the bases loaded and held New York at bay for the last two innings. Ronald Reagan played Alexander in the moving, The Winning Team. Inducted into the Hal of Fame in 1938. Diet at St. Paul , NE , Nov 4.1950.
    1905-violinist/producer Bill Russell born, Canton , MO
    1907 - The United States Congress raised their pay to $7500, for both House and Senate members. The Cabinet members and the Vice President earned twelve thousand. At that time, the Vice President was paid enough to buy half a dozen houses. The richest man in the world, John D. Rockefeller's oil fortune was, at that time, worth no more than $300 million.
    1910 - Parts of Washington State were in the midst of a storm which produced 129 inches of snow at Laconia between the 24th and the 26th, a single storm record for the state. A series of storms, which began on the 23rd, led to a deadly avalanche on the first of March. By late on the 28th, the snow had changed to rain, setting the stage for disaster.
    1916- American musician, comedian and actor, Herbert John "Jackie" Gleason was born at Brooklyn , NY . Best known for his role as Ralph Kramden in the long-running television series "The Honeymooners." Died at Fort Lauderdale , FL , June 24, 1987.
    1917- first jazz record of history: Original Dixieland Jass Band cuts “Livery Stable Blues, “ One Step, “ NYC
    1919- Grand Canyon National Park was established, by an act of Congress, An immense gorge cut through the high plateaus of northwest Arizona by the raging Colorado River and covering 1,218,375 acres, Grand Canyon National Park is considered one of the most spectacular natural phenomena in the worlD. 
    1919 -the Lafayette National Park was established, later renamed in 1929, the Acadia National Park , the largest East of the Mississippi
    1921-Birthday of Betty Hutton, brash actor/singer best known for her role in the movie Annie Get Your Gun (1950). 
    1925 – Alto Sax player James Moody Birthday
    1926-First Black middle-weight boxing champion, Theodore "Georgia Deacon" Flowers. Also known as “Tiger” Flowers. He beats Harry Greb in New York , NY to win the title “ -Middleweight Championship of the World>”
    1929- Antoine (Fats) Domino birthday, the New Orleans r'n'b pianist who has sold more than 65-million records, was born in the Louisiana city. He is the biggest-selling '50s rock 'n' roll artist, with the exception of Elvis Presley. By the time he joined trumpeter Dave Bartholomew's band in the 1940's, he had already mastered the classic New Orleans piano style of such performers as Professor Longhair and Amos Milburn. In 1949, Fats Domino had his first million-seller, "The Fat Man." But it wasn't until 1955, with "Ain't That a Shame," that he attracted the white record- buying public. Domino eventually collected 23 gold singles, for such hits as "I'm In Love Again," "Blueberry Hill" and "I'm Walkin'."
    1930 - Seven years after Garrett A. Morgan invented traffic lights, the first red and green signal lights were installed on New York 's Manhattan street corners.
    1932- country singer Johnny Cash was born in Kingsdale , Arkansas . In 1954, Cash met guitar player Luther Perkins and bass player Marshall Grant. As Johnny Cash and the Tennessee Two, they sold a million copies of "I Walk the Line" on the Sun label in 1956. Cash signed with Columbia in 1958, and two years later drummer W.S. Holland was added to make the Tennessee Three. Cash's string of hits for Columbia have included "Ring of Fire," "A Boy Named Sue" and "Folsom Prison Blues." Johnny Cash's records have always been on the border of rock, and have often crossed over to the pop charts. The marching bass lines which characterize many of Cash's songs influenced the work of Waylon Jennings and others in the outlaw country movement of the 1970's. In 1994, Cash's career was revived with the release of "American Recordings," an album of just the singer and his guitar. It was embraced by everyone from traditional country fans to alternative rockers.
    1934 - Federal Communications Commission was created at the order of President Franklin D. Roosevelt, to oversee communication by radio, wire or cable. TV and satellite communication later became part of its charge.
    1935—Babe Ruth, Babe Ruth signed a three –year contract with the Boston Braves , after being released by the New York Yankees. He played in only 28 games before retiring in May.
    1936- Wallace “Buddy” Werner, skier born at Steamboat Springs, CO. Werner skied on three US Olympic teams and was the first American to break into the sport's top rank by winning important races in Europe . While filming a ski movie, he was overtaken by an avalanche that he attempted to outrace. Died at St. Moritz , Switzerland , April 13, 1964.
    1937- Canadian composer, arranger and vibraphonist Hagood Hardy was born in Angola , Indiana . He grew up in Oakville , Ontario and from 1957 to 1961, while studying at the University of Toronto , he had his own jazz group. From 1961 to '67, he performed in the US with such musicians as Gigi Gryce, Herbie Mann, Martin Denny and George Shearing. Hardy returned to Canada in the late '60s, becoming a leading composer of radio and TV jingles. In 1975, his single "The Homecoming," written three years earlier as a Salada Tea commercial, became an international hit. The song won Hardy Juno Awards as best composer and best instrumentalist, and Billboard magazine named him instrumentalist of the year. Hardy died of cancer in Hamilton on January 1st, 1997.
    1942 - The Academy Awards were presented, for movies that were shown in theatres during 1941. "How Green Was My Valley" won the award for Best Picture. The star of "Sergeant York", Gary Cooper, took home the Oscar for Best Actor and The Best Actress statue was presented to Joan Fontaine for her performance in "Suspicion". "How Green Was My Valley" garnered Oscars for Best Supporting Actor, Donald Crisp and Best Director, John Ford. Mary Astor was voted Best Supporting Actress for her role in "The Great Lie".
    1943-guitarist/harmonica player Bob “the Bear” Hite, born
Torrance , CA Died April 5, 1981. Canned Heat lead singer.
    1944- Sue Sophia Dauser, superintendent of the US Navy's Nurse Corp, was the first woman to receive the rank of Captain. On December 14, 1945, she became the first Navy nurse to receive the Distinguished Service Medal. 1942 - The Academy Awards were presented, for movies that were shown in theatres during 1941. "How Green Was My Valley" won the award for Best Picture. The star of "Sergeant York", Gary Cooper, took home the Oscar for Best Actor and The Best Actress statue was presented to Joan Fontaine for her performance in "Suspicion". "How Green Was My Valley" garnered Oscars for Best Supporting Actor, Donald Crisp and Best Director, John Ford. Mary Astor was voted Best Supporting Actress for her role in "The Great Lie".
    1945—Top Hits 
Accentuate the Positive - Bing Crosby & The Andrews Sisters 
I Dream of You - The Tommy Dorsey Orchestra (vocal: Freddy Stewart) 
Don't Fence Me In - Bing Crosby & The Andrews Sisters 
I'm Losing My Mind Over You - Al Dexter
    1945- Wood Herman cuts “Caldonia.”
    1947-harmonica player Paul Oscher born, Brooklyn , N
    1951 - James Jones' novel, ‘From Here to Eternity,' about military life in Hawaii just before the bombing of Pearl Harbor, was published in New York by Scribners.

    1951--INGMAN, EINAR H., JR. Medal of Honor
Rank and organization: Sergeant (then Cpl.), U.S. Army, Company E, 17th Infantry Regiment, 7th Infantry Division. Place and date: Near Maltari, Korea, 26 February 1951. Entered service at: Tomahawk, Wis. Born: 6 October 1929, Milwaukee, Wis. G.O. No.: 68, 2 August 1951. Citation: Sgt. Ingman, a member of Company E, distinguished himself by conspicuous gallantry and intrepidity above and beyond the call of duty in action against the enemy. The 2 leading squads of the assault platoon of his company, while attacking a strongly fortified ridge held by the enemy, were pinned down by withering fire and both squad leaders and several men were wounded. Cpl. Ingman assumed command, reorganized and combined the 2 squads, then moved from 1 position to another, designating fields of fire and giving advice and encouragement to the men. Locating an enemy machine gun position that was raking his men with devastating fire he charged it alone, threw a grenade into the position, and killed the remaining crew with rifle fire. Another enemy machine gun opened fire approximately 15 yards away and inflicted additional casualties to the group and stopped the attack. When Cpl. Ingman charged the second position he was hit by grenade fragments and a hail of fire which seriously wounded him about the face and neck and knocked him to the ground. With incredible courage and stamina, he arose instantly and, using only his rifle, killed the entire gun crew before falling unconscious from his wounds. As a result of the singular action by Cpl. Ingman the defense of the enemy was broken, his squad secured its objective, and more than 100 hostile troops abandoned their weapons and fled in disorganized retreat. Cpl. Ingman's indomitable courage, extraordinary heroism, and superb leadership reflect the highest credit on himself and are in keeping with the esteemed traditions of the infantry and the U.S. Army. 
    1953—Top Hits
Don't Let the Stars Get in Your Eyes - Perry Como
Till I Waltz Again with You - Teresa Brewer
Keep It a Secret - Jo Stafford
Kaw-Liga - Hank Williams
    1954 - Singer/songwriter Michael Bolton (Michael Bolotin) is born in New Haven, Conn.
    1955--R&B singer LaVern Baker appeals to the United States Congress in a letter to Michigan Representative Charles Digges Jr., to revise the Copyright Act of 1909. She says that recording artists should be protected against "note-for-note copying" of already recorded R&B tunes and arrangements by white artists and arrangers. Her request was denied. 
    1955-Billboard reports for the first time since their introduction in 1949, 45 rpm discs are outselling the old standard 78. Another change in the industry is also noted. On some New York City jukeboxes, it now costs ten cents instead of five cents to play a record. 
    1956--Buddy Holly's first recording session for Decca is held in Nashville.
    1957--Singer/guitar player Eddie Van Halen birthday, born Holland.
    1960-- David Jenkins of the US won the gold medal men's figure skiing at the VIIth Winter Olympics at Squaw Valley, Ca.
    1961 - No. 1 Billboard Pop Hit: ``Pony Time,'' Chubby Checker. A version of the song by the Goodtimers entered the chart the same week as Checker's version, but only reached No. 60.
    1961—Top Hits
Pony Time - Chubby Checker
There's a Moon Out Tonight - The Capris
Surrender - Elvis Presley
North to Alaska - Johnny Horton
    1962 - In New York City , the Best Play award winner of 1962, "Oh Dad, Poor Dad, Mama's Hung You in the Closet and I'm Feeling So Sad" opened for 454 performances.
    1965-Nineten year-old Jimmie Lee Jackson was killed by state troopers at a voting rights demonstration in Marion , Alabama . As a result, the Selma-to-Montgomery march was organized and took place a month later -- when Dr. King led 20,000 marchers 50 miles east from the Edmund Pettus Bridge in Selma , Alabama , to the state capitol in Montgomery . Five months later, President Johnson signed the Voting Rights Act, and by year's end, more than 250,000 new black voters were registered
1966-The Beatles' LP "Rubber Soul" rose to #1 on the Billboard Hot 200 chart, becoming the group's seventh US album chart topper. Paul McCartney conceived the album's title after overhearing someone's description of Mick Jagger's singing style as "plastic soul". To date, the album has sold over six million copies in America. 
    1967--YABES, MAXIMO Medal of Honor
Rank and organization: First Sergeant, U.S. Army, Company A, 4th Battalion, 9th Infantry, 25th Infantry Division. Place and date: Near Phu Hoa Dong, Republic of Vietnam, 26 February 1967. Entered service at: Eugene, Oreg. Born: 29 January 1932, Lodi, Calif. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty. 1st Sgt. Yabes distinguished himself with Company A, which was providing security for a land clearing operation. Early in the morning the company suddenly came under intense automatic weapons and mortar fire followed by a battalion sized assault from 3 sides. Penetrating the defensive perimeter the enemy advanced on the company command post bunker. The command post received increasingly heavy fire and was in danger of being overwhelmed. When several enemy grenades landed within the command post, 1st Sgt. Yabes shouted a warning and used his body as a shield to protect others in the bunker. Although painfully wounded by numerous grenade fragments, and despite the vicious enemy fire on the bunker, he remained there to provide covering fire and enable the others in the command group to relocate. When the command group had reached a new position, 1st Sgt. Yabes moved through a withering hail of enemy fire to another bunker 50 meters away. There he secured a grenade launcher from a fallen comrade and fired point blank into the attacking Viet Cong stopping further penetration of the perimeter. Noting 2 wounded men helpless in the fire swept area, he moved them to a safer position where they could be given medical treatment. He resumed his accurate and effective fire killing several enemy soldiers and forcing others to withdraw from the vicinity of the command post. As the battle continued, he observed an enemy machinegun within the perimeter which threatened the whole position. On his own, he dashed across the exposed area, assaulted the machinegun, killed the crew, destroyed the weapon, and fell mortally wounded. 1st Sgt. Yabes' valiant and selfless actions saved the lives of many of his fellow soldiers and inspired his comrades to effectively repel the enemy assault. His indomitable fighting spirit, extraordinary courage and intrepidity at the cost of his life are in the highest military traditions and reflect great credit upon himself and the Armed Forces of his country.
    1969—Top Hits
Everyday People - Sly & The Family Stone
Build Me Up Buttercup - The Foundations
Can I Change My Mind - Tyrone Davis
Until My Dreams Come True - Jack Greene
    1969 -the "100 hour snowstorm" was in full swing across the Boston area and the rest of New England as well. By the time snow ended on the 28th, Boston recorded 26.3 inches of new snow. Pinkham Notch, New Hampshire was buried under and incredible 77 inches and Long Falls Dam, Maine reported 56 inches. Both Portsmouth, New Hampshire and Portland, Maine set new single storm snowfall records with 33.8 inches and 26.9 inches, respectively. Rockport, Massachusetts measured an impressive 39 inches.
     1972 - Harry Nilsson began week #2 at number one with "Without You"; a love song that spent four weeks at the top spot. 
    1972 -the "Buffalo Creek Disaster" occurred in the Buffalo Creek Hollow of Logan County in West Virginia. A coal slag dam on the middle fork of Buffalo Creek burst sending a 50 foot wall of water down a narrow valley killing 125 people and causing 51 million dollars damage. 3 days of rain atop 6 inches of snow cover prompted the dam break.
    1972--Joe Tex's funk record "I Gotcha" enters the Billboard Pop chart and begins its climb to #2. Much the success of the song is rumored to be Tex's slurred delivery of the line "Told you not to play with my affection," which caused many listeners to mistake the last word for one that rhymes with it. 
    1973-Football player and golfer, Marshall Faulk, born New Orleans, LA. 
1975 - No. 1 Billboard Pop Hit: ``Best of My Love,'' Eagles. The song is the group's first No. 1 hit.
    1977—Top Hits 
New Kid in Town - Eagles 
Love Theme from "A Star is Born" (Evergreen) - Barbra Streisand 
Fly like an Eagle - Steve Miller
Say You'll Stay Until Tomorrow - Tom Jones
    1979 - The sitcom, "Flatbush", first aired on CBS-TV, featuring the exploits of five, recent, high-school graduates living in a middle-class, Italian neighborhood in Brooklyn New York's Flatbush area. *(Joseph Cali/costar) Presto Prestopopulos, taxi driver and one of five street youths recently graduated from high school who lived in the middle-class Italian neighborhood of Flatbush (Brooklyn). Calling themselves the Flatbush Fungos, the gang also included Adrian Zmed as Socks Palmero, a clothing store employee; Sandy Helberg as Figgy Figueroa, a grocery deliveryman; Randy Stumpf as Joey Dee, a plumber's assistant; and Vincent Bufano as Turtle Romero, a restaurant worker. Also featured were Helen Verbit as Mrs. Fortunato, the neighborhood busybody; and Anthony Ponzini as Esposito, a pool hall owner. The ethnic stereotypes the show portrayed offended Brooklyn's Borough president, who demanded the series be taken off the air before it gave Brooklyn a bad name. In 1979, Brooklyn was known as the garden spot of the United States. CBS cancelled the show after 3 episodes.
      1983 - Charley Pride's "Why Baby Why", written by George Jones and Darrell Edwards, topped the country music charts. Jones found national fame in the United States with his own version of the song in 1955. 
    1983 - Michael Jackson's "Thriller" hit #1 in the U.S. The album spent a total of 37 weeks at number one. The tracks: "Wanna Be Startin' Somethin'", "Baby Be Mine", "The Girl is Mine" (w/Paul McCartney), "Thriller", "Beat It", "Billie Jean", "Human Nature", "P.Y.T. (Pretty Young Thing)", "The Lady in My Life". At last count (2001), "Thriller" was certified for sales of more than 26 million copies by the Recording Industry Association of America, and was in a tie with the Eagles' "Their Greatest Hits 1971-1974" as the best-selling album of all time. 
    1984 - The last United States Marines in the multinational peacekeeping force in Lebanon left Beirut.
    1985 - Tina Turner wins Grammys for ``What's Love Got to Do with It'' and ``Better Be Good to Me.''
    1985—Top Hits 
Careless Whisper - Wham! featuring George Michael 
Loverboy - Billy Ocean 
Can't Fight This Feeling - REO Speedwagon 
Baby's Got Her Blue Jeans On - Mel McDaniel 
    1985 - Tonight was the night of the seventh highest-rated television music show of the 1980s, when a 23.8 share of the viewers watched "The Grammy Awards". The Best Pop Vocal Performance by a Male award was given to Phil Collins for, "Against All Odds (Take a Look at Me Now)"; Best New Artist for 1984 went to Cindi Lauper, and Best Album of the year award went to Lionel Richie for "Can't Slow Down". Tina Turner was a big winner, taking Best Song, Best Record and Best Pop Vocal Performance by a Female for "What's Love Got to Do with It". 
    1986- Robert Penn Warren, the first official poet laureate of the United ,was named by the librarian of Congress, and great historian, Daniel J. Boorstin. Warren was born in Guthrie, KY, in 1905 and won three Pulitzer Prizes, two for volumes of Poetry, and one for his 1946 novel, All the King's Men. 
    1987-The Tower Commission report on the Iran-Contra affair was critical of Pres. Reagan for failing to understand or control the secret attempt to trade arms to Iran for the release of American hostages being held in Lebanon and divert profits from the sale to the Nicaraguan Contras. The commission appointed by the President in Nov. 1986, said Reagan must take responsibility for the policy, which ended in “chaos” and caused the U.S. much embarrassment abroad. Blame was placed also on Donald T. Regan, the White House chief of staff, whom the president replaced with former Senator Howard H. Baker, Jr., on February 27. It also faulted former National Security Advisor Robert McFarlane & his successor Admiral John Poindexter, and CIA Director William Casey. Casey had resigned on 2 February for health reasons; McFarlane attempted suicide on 9 February; and Regan resigned 27 February. In a television address on March 4, the president said he too “ full responsibility, “ but he did not admitting that the plan for dealing with Iran was basically wrong. 
    1988 - Eight cities in the central and western U.S. reported new record high temperatures for the date, including Lamoni IA with a reading of 67 degrees. Temperatures in North Dakota were as warm as those in Florida. 
    1989 - An upper level weather disturbance brought snow to parts of the central U.S. which just one day earlier were enjoying temperatures in the 60s. Snowfall totals in Missouri ranged up to nine inches at Rolla. 
    1990 - Unseasonably cold weather followed in the wake of the winter storm in the northeastern U.S. Ten cities reported record low temperatures for the date, including Syracuse NY with a reading of 10 degrees below zero. Freezing temperatures in southeastern Virginia caused considerable damage to plants and fruit trees. The barometric pressure reading of 30.88 inches at Wilmington NC was February record for that location.
    1991 - "Rockline on MTV" premiered with host, Martha Quinn, giving viewers a chance to talk to the stars. The first guest was MC Hammer. 
    1991- Tim Berners-Lee introduces the Web browser: 
Tim Berners-Lee presented an early version of a Web browser to a work group at CERN, the European Particle Physics Laboratory in Geneva, Switzerland, on this day in 1991. He conceived the Web as a way for physicists at different universities around the world to instantaneously share information. Throughout the next year, he modified the architecture, released early Web browsers on the Internet, and solicited feedback and input from Internet programmers. By late 1991 and early 1992, the Web was widely discussed, and in early 1993, when Marc Andreessen released his Mosaic browser (Netscape's precursor), the Web rapidly became a popular communications medium. 
    1993-World Trade Center Bombing: A 1,210-lb bomb packed in a van exploded in the underground parking garage of the World Trade Center in New York City, killing six people and injuring more than 1,000 (mostly from smoke inhalation). The powerful blast left a crater 200 feet wide and several stories deep. The cost for damage to the building and disruption of business for the 350 companies with offices in the Center exceeded more than $591 million. Fifteen people--the fundamentalist Moslem cleric Sheik Omar Abdul Rahman and fourteen of his followers--were indicted for the bombing. Rahman was given a life sentence and the others received prison terms of up to 240 years each. This is considered the first bombing of the United States by foreign terrorists. 
    1997- Celine Dion won two Grammy Awards for "Falling Into You" - album of the year and best pop album. At the time, "Falling Into You" had sold more than 21 million copies worldwide.
    2009-A 10-minute version of The Beatles' "Revolution 1" leaked onto the internet, giving fans a never-before-heard listen of what the White Album sessions must have been like. Only two copies of the take were made when the song was completed on June 4th, 1968. One copy left the studio with Lennon that day and the other remained behind. It is unclear which copy appears on the bootleg, nor how anyone acquired it.



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