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

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.

Tuesday, January 22, 2013

Go Niners!

Today's Equipment Leasing Headlines

         Classified Ads---Sales
2013 Leasing Association Membership
 (Which One to Join?)
   by Christopher Menkin
    Channel Partners---Last 20 Deals Funded
Leasing 102 by Mr. Terry Winders, CLP
  Is your marketing plan too broad?
   Mortgage Bubble Burst Takes Another Bank Down
    Bank Beat
     Classified Ads---Help Wanted
 Job Board---Resume Posting”
  Career Crossroad---By Emily Fitzpatrick/RII
   Top Stories January 15--January 17
    (You May Have Missed)
 Bank Dividend Growth Winners
  By Robert Clark and Kiah Lau Haslett
   Retriever, Labrador / Border Collie
    Seattle, Washington Adopt-a-Dog
     Classified ads—Asset Management
News Briefs---
 BNSF Announces $4.1 Billion Capital Commitment Program
  Jet Engines and Energy Equipment Lift Profit at G.E.
   Money Magic: Making Bonds Act Like Stocks
    Dreamliner Troubles Put Boeing on Edge
     Home prices up ‘unsustainable’ 5.9% in 2012

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

  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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2013 Leasing Association Membership
(Which One to Join?)
by Christopher Menkin

Beginning Membership, January 1, 2013

ELFA 583 Equipment Leasing and Finance Association
NAELB 557 National Association of Equipment Leasing Brokers
AGLF 285 Association of Government Leasing and Finance
NEFA 193 National Equipment Finance Association

There are many other United States leasing associations from cargo containers, fleet, truck, vehicle and specialty equipment as well as business groups, who also may be involved in leasing. The group above represents the entire industry, not just one segment, although each one above is quite distinct in its representation.

"Good Day

"I have been in the equipment leasing business since 1993. I have joined different organizations in the industry in an attempt to keep up with all things leasing and I have found the organizations to be not much more than social clubs. These people gather a couple of times per year to play golf and drink and write off the expense of the trip.

I realize that networking is important but at this point I am more interested in education. Could you recommend an association that would lean more toward education than entertainment?

"Thanks in advance for your time."

Name With Held

Leasing News gets many inquiries such as above as to which association to join. The charge of a “good old boy’s club” can be said of many organizations from the chamber of commerce to Rotary. It often appears that way because most often it is a small group that does much of the work and therefore are seen most often.

The answer to which one to join depends on the make-up of the membership.

First, Leasing News does not belong to any association to assure our being independent, unbiased, and objective. We certainly recommend all professionals join an association as well as advise potential lessees and vendors to do business only with a company who is an association member so there may be recourse, as well as to "rate" the company as being involved in the betterment of the industry and the growth of their company.

As to the a leasing association member, "you get out of what you put into it:" meaning, get involved!

  2013 2012 2011 2010 2009 2008 2007 2006 2005 2003 2002 2001 2000
ELFA 583 565 582 604 700 741 768 817 780 732 862 873 850
NAELB 557 617 696 847 1021 1089 950 731 648 480 433 415 475
AGLFA 285 274 250 238 265 277 255 255 255 203 263 343 250
NEFA 193 191 210 274                  
EAEL * * * * 183 181 196 198 180 191 216 227 240
UAEL * * * * 289 314 314 314 297 248 378 379 589

Reportedly 70 members belonged each to EAEL and UAEL at the time of the merger (Eastern Association of Equipment Lessors and United Association of Equipment Leasing, at one time known as the Western Association of Lessors).

2013 2012 2011 2010
Company Type Number

Accountant 9 7 6 7
Bank 97 81 77 92
Broker/Packager 8 9 11 13
Captive 64 60 65 56
Collection Agency 5 6 11 6
Consultant 27 21 28 34
Equipment Management 48 55 51 48
Executive Recruiter 2 2 3 3
Multi-line Commercial Finance Company 54 62 69 72
Investment Bank 7 7 8 6
Insurance Company 6 4 5 7
Independent Finance Company 140 129 125 142
Law Firm 91 93 95 90
Publisher 2 2 1 1
Software Provider 23 24 26 27

583 565 582 604

1 University/government (2013 member)



It appears the effort to seek membership of regional banks as well as community banks has been a success with an increase of 16 members, as well as captive lessors is up and independent finance companies. Even the consultant category is up, all indications of an improvement in the industry as well as the management of the association. It seems Sutton as well as his officers have gone the extra distance, appearing it seems everywhere, even the small Arizona Equipment Lessors Association, as well as other association meetings and as many of the education and conference meetings. Kudos to the executive board, board of directors, committees and staff.

Members are certainly getting their money's worth in all phases and it reflects in the category increases. The main conferences always draws 900 and other meetings are well attended, especially the funding conference in Chicago, considered the number one for middle and large ticket professionals.

Membership types:

Membership Dues:

Less Third-Party Originations = Less Brokers

CLASS 2009 2010 2011 2012
Associate 42 38 31 22
Broker 710 579 499 440
Additional Broker 1 1 5 4
Funding Source 93 78 82 91
Additional Funder 1 0 0 0
  847 696 617 557

NAELB has the largest drop in membership, with the largest drop is "broker, 59 members, followed by 9 "Associate," while the "Funding Source" category increased by "9."

Many in the "Funder" category are technically not "funders," most are using the term for marketing as many are discounters on a non-recourse basis, not actually given the final "yes" or "no" on the applicant and as important, not supplying the cash nor responsible except for "representations and warranties." Since they accept to place the credit, they market to applicants they work with "underwriters" and often the check will come with their name from a private label program.

There are also many brokers who sub-broker, helping their colleagues. At one time it was formalized, but the program on line on the web site was taken down. There are many reasons why, although those participating had sources others did not, particularly geographically.

The "less brokers" is not only because less funding sources working with third party originations (1), but a trend over the last few years where new leasing companies being formed go direct to vendors, franchises, banks, and have their own direct sales force. The small ticket market has also moved to a lot more "cash advance" or "business loans" for "young" credits or situations, where the lender actually does almost all or most of the work (many advertise they do it all and the brokers just has to find the lead).

There are also more senior members slowing down or retiring, as well as readers who ask to change their email address as they are leaving the industry for a better livelihood they believe elsewhere; most of them are brokers.

It should be noted all the associations show a down trend in broker membership.

As the economy improves, the evolution begins again as new salesmen learn the business, take advantage of the technology and education, they leave to go into business for themselves. For years I have heard the complaint the first year, the lessor who pays a salary, loses money on the new salesman, the second year: he breaks even, sometimes does better, the third year—and sometimes earlier, the salesmen develops his own following and then goes into business for himself as an independent. Thus the cycle begins again as the independent also begins to grow and becomes a “company.”

Despite the complaint, lessors look to recruit from competitors as well as hunt for brokers as direct salesmen, offering a “home.” Their main requirement, in almost all the ads in Leasing News: “Should have existing client base.”

Membership Dues


On the other side, The Association of Government Leasing and Finance Association has been increasing its membership the last four years.

There is no doubt there is more municipal, governmental, and such type leasing, particularly in green technology as well as vehicles as well as computers, software, and other products, including police motorcycles and of course, fire engines.

  2013 2012 2011 2010
Basic 106 100 99 99
Industry Leader 118 126 100 93
Individual & Government 20 18 22 24
Emeritus 5 4 4 4
Limited 35 26 25 22
  284 274 250 238

The numbers indicate new members entering this marketplace and the best place to network and learn what is "happening."

Membership Categories and Dues

The numbers have not been complete from the National Equipment Finance Association, although April, 2010 Randy Haug, CLP, supplied the chart (2) with the comment, "We have a very nice membership database program that we use at NEFA that complies, tracks, and reports the information that you requested. We really use this data and reporting as a key tool in helping us continue to analyze and develop our membership strategy for NEFA on an on-going basis."

NEFA Membership Summary
Member Firms
Regular Members (Brokers/Lessors)
Services Members (Funding Sources)
Services Members (Service Providers)



It is difficult to give an analysis except to note the association has picked up two more members than the previous year, and officers remain optimistic of the growth of the association, noting the turn out of 181 at the September Washington Funding Symposium and 200 at the March San Diego Conference.

NEFA Membership Application with Dues and Categories

2013: 275
2012: 265

Last year Brian Cove, Chief Operating Officer, Commercial Finance Association told Leasing News that the CFA currently has 265 corporate members, with more than 5000 employees. Employees of each corporate member enjoy the benefits of CFA membership.

What also makes the organization distinct, founded in 1944, is that membership in the national organization is open only to lenders. Service providers, even attorneys, software, and other providers whose firm is a member of CFA’s Education Foundation can become members of CFA chapters. Their web site states they have "...members throughout the U.S., Canada and around the world."

It is interesting to note the merger with the National Funding Association, who claimed to have over 400 paying members, but unofficially perhaps up to 2,500 who attend their monthly luncheons through the United States, did not increase their membership significantly. However:

“Did you know that CFA Chapter membership is open to all employees of CFA member companies? CFA's network of chapters provides you with additional opportunities to connect and build your contact list regionally. Members have the opportunity to meet in a local setting that is convenient to access and participate in trade fairs, networking programs and events. As a chapter member, you can meet industry leaders and discuss topics of interest with economists, academic leaders and even meet prospective CFA members!"

Note the many chapters and meetings:

Local Chapters

Commercial Finance Association Dues

According to Leasing News archives there were 223 Certified Lease Professionals in 2004--- The year 2011 ended with 168 members, a drop of six members, generally from retirement from the industry. 2012 saw an increase of ten new members, while five retired, making it a total increase of five for the year.

There also is a lot of interest from companies getting involved in supporting employees for this education and distinction. Long time executive Cindy Spurdle retired and Reid Raykovich, CLP, was hired. From my experience, she has been doing an excellent job, so look for continued member increase.

2007: 204
2008: 179
2009: 182
2010: 159
2011: 174
2012: 168
2013: 173

CLP Foundation Application

Arizona Equipment Leasing Association at one time has an estimated 25 members. No official count is available at this time. The group is active. They get together for social and business meetings during the year, even invite speakers.

The Equipment Financing and Leasing Foundation does not have members. It does have a board of directors as well as contributors but is not a “membership organization.” It is under the wing of the Equipment Leasing and Finance Association.

(1) Not Working with Brokers

(2) NEFA 2010 Membership Statistics


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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 
20+ yrs. leasing sales/sales mgmt
Established remote office w/Lessee/Vendor following
Request Salary + commission or partnership w/direct funding source.

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:


Greater Atlanta, GA
13 yrs. small ticket--directly w/brokers & direct sale, plus working
capital.. Most recently Medical.  
Cell: (770) 561-1434 LinkedIn: | Resume

Free Posting for those seeking employment in Leasing:

All “free” categories “job wanted” ads:






Leasing 102
by Mr. Terry Winders, CLP

Is your marketing plan too broad?

It’s that time of year again when you present your 2013 business plan to the staff. Developing a good business plan means you must take stock of your assets and your expenses to determine the base from which you will direct next year’s activities. Clearly it also requires using the statistics gained from last year’s business like turn down ratio’s, average size transaction, average margin, and the requirements of funding sources, cost of money and other facts, but here we want to talk about the size of your market.

The most successful leasing companies are those that select only a few markets instead of many that they can service. Then spend a lot of time learning all you can about the equipment and the customer base. The more you know the better chance you have to win transactions. The more you specialize the better you can understand each market. This way you become a partner with the vendor and get more opportunities and find that turn downs are easier and timing is much faster.

In addition some markets are so diverse the credits run the gambit from very poor to very good. This puts a lot of pressure on the credit decision. It is better to limit your markets that service a defined customer base so you can organize your leasing company to handle a more confined base. This makes the documentation faster and easier. Documents that are create to service defined markets will be easier to explain and safer for the lessor.

Generalist lessors that just look for anything and everything will find that the cost of marketing is much higher and funding sources will take longer to render a decision. The more you understand about the customer base and the equipment being leased the lower the losses and the stronger the income for the lessor.

One problem is that it takes longer to establish a leasing company that restricts its marketing effort however once it is established it has longevity and is more profitable.

Even though you have some well-defined markets your business plan should always be on the lookout for new markets. This would look like it is contrary to the limited markets approach but few markets last forever and the growth of volume comes from moving the average size transaction up at least 20% each year.

Do not attempt to do transactions outside your market territory. Transactions other than vendor generated deals that are in new States to you may mean that it takes longer to qualify and usually does not represent additional business. The more you can contact your chosen markets the better chance to do repeat business and reduce marketing costs. Those who want to be everything to everybody do not last very long.

The commercial equipment leasing business is complex and takes a lot of planning to be successful in the long run. Many lessors try to take the fast road and in the end their operations usually run aground due to poor planning and to broad a marketing effort. Learn all you can about your chosen market and use your limited assets in a well-planned out sales effort.

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)


Bookmark us



Mortgage Bubble Burst Takes Another Bank Down
Bank Beat

1st Regents Bank, Andover, Minnesota, was closed today by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First Minnesota Bank, Minnetonka, Minnesota, to assume all of the deposits of 1st Regents Bank.

Founded May 22, 2001, this was a relatively small bank with 13 full time employees as of September 30, 2012. At year-end 2008 the bank had 20 full time employees. Tier 1 risk-based capital ratio 2.17%

The largest charge offs were in construction and land development, followed by commercial and industrial loans. As of September 30,2012 this was the loan portfolio:

Total loans 36,642
Loans secured by real estate: 28,893
Commercial and industrial loans 9,052
Loans to individuals - Other 160

Note the non-current loans and charge offs:

Non-Current Loans
2006 0
2007 $1.4
2008 $7.5
2009 $1.8
2010 $2.0
2011 $3.9
9/31 $5.1

Charge Offs

2006 0
2007 $273,000
2008 $1.27 ($848,000 construction/land development) $428,000 commercial/Industrial)
2009 $3.5 ($2.2 construction/land, $1.2 commercial/industrial,$57,000 multifamily)
2010 $1.8 ($1.0 commercial/industrial,$743,000 nonfarm nonresidenial,$83,000 construct/land,$22,000 1-4 family)
2011 $378,000 ($292,000 construction/land, $68,000 commercial/industrial, $18,000 individuals)
9/31 $712,000 ( $698,000 commercial/industrial, $21,000 nonfarm/nonr res.,-$12,000 construction/land)

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

When the bank was in formation, there was a boom going on in new hour construction permits:

1998: 448 buildings, average cost: $119,900
1999: 411 buildings, average cost: $115,200
2000: 342 buildings, average cost: $135,200
2001: 285 buildings, average cost: $152,200
2002: 218 buildings, average cost: $146,100
2003: 179 buildings, average cost: $161,900
2004: 251 buildings, average cost: $144,300
2005: 226 buildings, average cost: $151,200
2006: 151 buildings, average cost: $164,500
2007: 91 buildings, average cost: $201,600
2008: 129 buildings, average cost: $86,200
2009: 47 buildings, average cost: $196,700
2010: 71 buildings, average cost: $207,100
2011: 58 buildings, average cost: $203,500

Note the decline permits:

Bring this to most common industries in 2009:

Manufacturing (21%)
Construction (17%)
Retail trade (11%)
Wholesale trade (6%)
Transportation and warehousing (6%)
Finance and insurance (5%)
Professional, scientific, and technical services (5%)

You have the housing bubble burst, even though this bank was modern, active drive-in, community owned, active on the internet, and obviously the investors tried to save the bank:

(in millions, unless otherwise)

Net Equity
2006 $550,000
2007 $740,000
2008 $709,000
2009 $429,000
2010 $2.8
2011 $1.8
9/31 $924,000

2006 $936,000
2007 $454,000
2008 -$1.7
2009 -$4.6
2010 -$2.7
2011 -$1.2
9/31 -$900,000

As of September 30, 2012, 1st Regents Bank had approximately $50.2 million in total assets and $49.1 million in total deposits. First Minnesota Bank will pay the FDIC a premium of two percent to assume all of the deposits of 1st Regents Bank. In addition to assuming all of the deposits of the failed bank, First Minnesota Bank agreed to purchase essentially all of the assets.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $10.5 million.

MAP + Loss-Share Agreements in Bank Failures 2013

List of Bank Failures:

Bank Beat:



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.

Long Island, New York
Experienced & Successful SALESPERSON wanted
with immediate "Book of Business", salary -leading
to draw/commission comp formula. Excellent
Benefits- must be within one hour of our office.

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.


Job Board Resume Posting
Career Crossroad---By Emily Fitzpatrick/RII

Question: I would like to submit my resume to a job board, how would you suggest I do so?

Answer: Unless you are just starting your career, I don’t suggest it! You will get lost in the masses (this includes applying to a company via a job board - many companies have a link on the job board posting where you can submit your resume).

However, if you do not want to take this suggestion, here are a few tips:

· Double check your contact information:
o Many times Candidates forget they have old information
o Email and phone numbers must be accurate – your resume may be thrown away if you cannot be reached on the first try
o Submit all phone numbers so they may reach you day or night
o Make sure your voice mail can accept messages (a full box is annoying when trying to reach the Candidate)

· Do not submit a resume that is out of date

· Include all years of employment and education or you may be “red flagged”

· Make sure you read the job description and qualifications carefully and include these key words in your resume /application

· If there is a formal application, make sure you do not leave any blanks
o For salary, I always suggest “open”, you can discuss / negotiate this later

· If a company / Recruiter responds to you, FOLLOW UP:
o If you decide you are not interested or you have taken another position let them know; if you don’t, it might be noted in their database that you lack follow up skills

· Check your junk / spam / trash folder daily:
o You may receive a correspondence letter or directions from the HR Rep / Recruiter / Hiring Manager and it may wind up in one of these folders – make sure you check these folders---

· Cover Letters aren’t necessary when submitting via a Job Board:

  • The HR Rep/Hiring Manager will not have time to read; they are more interested in the resume and application itself.

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




Top Stories January 15--January 17
(You May Have Missed)

Here are the top ten stories opened by readers:

(1) Newport Financial Partners, Newport Beach, California
Bulletin Board Complaint

(2) Van Etten Back in the Ring

(3) Archives: January 17, 2001
Dimension Funding Lake Tahoe Office Broken Into
---Competitor Accused

(4) Credit Scoring for 2013

(5) New Hires---Promotions

(6) Companies who utilize Evergreen Clauses
for Extra Lease Payments

(7) Wildwood Creditors: What do they Get?

(8) Operation Lease Fleece---Sentencing

(9) BBB Leasing Company Ratings

(Tie) (10) 2012 "Complaints" Bulletin Board
Customer Complaints

(Tie)(10) Ten Most Profitable U.S. Companies



Bank Dividend Growth Winners
By Robert Clark and Kiah Lau Haslett
SNL Financial

Only 22 banks and thrift have increased their dividends at least 4% each year from 2007 to 2012, SNL data show, growing them anywhere from 27.64% to 312.21% over that time.

The banks have pushed their dividends higher in spite of roadblocks such as the regulatory burdens of the Dodd-Frank Act and Basel III, the collapse of interest rates, enduring economic uncertainty and sustained levels of elevated unemployment. Top dividend growers are also top producers, according to SNL's analysis. Their five-year median return of 65.17% surpassed the five-year return of negative 20.70% for U.S. listed banks and thrifts.

Republic Bancorp Inc.'s Chairman and CEO Steven Trager described earnings over the last five years as "extraordinary." In 2012, the Louisville, Ky.-based bank purchased two failed institutions — both without loss-share agreements — and paid a special dividend. Republic's 2012 common dividend grew 189.09% and has increased 312.21% since 2007, topping SNL's list of banks that increased their dividends by 4% or more every year for the last five years. Republic's capital management strategy focuses on responding "to great opportunity when it knocks on the door and [keeping] our powder dry," Trager said.

The bank prefers failed-bank acquisitions and organic growth over dividend payouts, Trager said, and management and the board consider peers' dividends when deciding where to peg its own. The 2012 special dividend of $1.10 for class A common stock and $1.00 for class B common stock was driven by the bank's net income for the year and a capital base that allowed for the payout, as well as potential tax ramifications for shareholders.

"The No. 1 priority we're focused on is growing the bank and generating income and serving customers," Trager said. "Dividends are a product of that if we are successful."

Even with the special dividend, Republic's payout ratio is still less than 35%, and management anticipates board approval for a regular dividend in 2013. No word if it will be increased.

The largest bank on the list is $27.12 billion BOK Financial Corp. BOK Financial introduced a dividend in 2005 and has "modestly raised it" every year, said CFO Steven Nell; in 2012, the bank grew its dividend 118.58% and has increased it 229.33% in five years. The bank's payout ratio for the last 12 months is 29.0%, excepting the $1.00 special dividend, and management is aiming for a 35% payout ratio before evaluating a greater increase. Like Republic, Nell said the special dividend was a result of 2012's exceptional earnings for the bank.

The bank's net interest margin, which slipped from 3.27% in the third quarter of 2011 to 2.98% in the third quarter of 2012, has faced more acute pressure given its intentionally larger securities portfolio and increasing competition for high-quality commercial and industrial credits. But Nell waved off concerns the portfolio posed a risk to the dividend.

"We continue to maintain very high levels of noninterest revenue with our fee businesses, which represent almost half of our revenue streams," he said. "I don't have any fear that our dividend levels would be in jeopardy."

The bank prioritizes its dividend over buybacks because 61.72% of shares are owned by Oklahoma businessman George Kaiser and management has worked hard to create a floating, dynamic market on the NASDAQ. Kaiser has never pressured the bank to pay a dividend or grow it by a certain percentage, Nell said, adding executives would prefer to deploy capital through organic growth and acquisitions. The bank has studied numerous banks, mostly in Texas, but declined to buy citing its disciplined rate of return. BOK Financial did make one purchase in 2012, of wealth management firm Milestone Group Inc.; its last bank deal occurred in 2007.

Even as UMB Financial Corp. was upping its dividend year after year, it was deploying capital for acquisitions that bolstered noninterest income and diversified its revenue. The bank has a 50.79% loan-to-deposit ratio and a growing securities portfolio, even though loans have increased for 10 consecutive quarters. But UMB also augmented the core bank with three major purchases — asset managers Reams Asset Management Co. LLC and Prairie Capital Management LLC and alternative asset servicer J.D. Clark & Co. Inc. — increasing noninterest income as a percentage of operating revenue to 56.70% for the last 12 months, said CFO Michael Hagedorn.

The bank still managed to increase its dividend throughout its transformative acquisitions, growing payouts 45.61% between 2007 and 2012, according to SNL data. Dividends are a higher priority than acquisitions in the bank's capital management strategy, he said, as management and the board believe investors should be able to rely on a bank in the long term for total returns, dividends and increasing share price.

Hagedorn said the biggest threat to its streak of increased dividends would be a unique acquisition that would entice UMB to retain more capital. Up to now, UMB has financed acquisitions entirely through retained capital and avoided private equity financing or issuing more shares or debt.

"For UMB, if we didn't increase our dividend in any one year, you shouldn't draw the conclusion that management is signaling things are tougher or will be tougher. It might just the simple fact we want to hold more cash in the holding company to possibly pay for an acquisition," he said.

John Kenny Receivables Management

• End of Lease Negotiations & Enforcement
• Fraud Investigation
• Credit Investigations
• Asset Searches
• Skip-tracing
• Third-party Commercial Collections

The Solution to Your Credit & Accounts Receivable Needs 
John Kenny
315-866-1167 |

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

Send Leasing News to a Colleague. We are free!!!


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Seattle, Washington Adopt-a-Dog

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Age: 9 years
ID #: 18853746

Sweet Cebaka - what a charming girl! She is a 9-year-old Labrador Retriever/Border Collie mix. Cebaka has nice manners, is mellow and is a very smart girl! She sits nicely for her treats and hides her age well! She's ready to go! Cebaka's beautiful, black satin coat is marked with a sparkling white chest and just a touch of wisdom around her muzzle! Meet this wonderful girl at Seattle Humane

As with all of our dogs, Cebaka has been spayed, micro-chipped, vaccinated and behavior tested. She will go home with a certificate for an examination by a King County veterinarian and an identification tag. PLUS, most dog adoptions include six weeks of training in one of our on-campus dog behavior courses - a great way to start off on the right paw!

Introduce to children over the age of 12. Resident dogs are required to visit Cebaka prior to adoption. No cat test done. Please see our adoption advisors for additional behavior information.

This pet comes with an implanted 24PetWatch microchip and free registration into the 24PetWatch pet recovery service. For more information call 1-866-597-2424.

This pet also is eligible for 30 days of pre-paid pet health insurance. For more information please visit or call 1-866-375-PETS.


Adoption Hour
Sunday – Wednesday | 11 a.m. – 6 p.m.
Thursday – Saturday | 11 a.m. – 8 p.m.


Visit Our Pets In Person
Seattle Humane Society
13212 SE Eastgate Way
Bellevue, Washington 98005
(425) 641-0080


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Classified ads—Asset Management

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(Providing Services and Products)

Asset Management: Atlanta, GA
premier provide accounts receivable management functions from 3rd Party contingency collections to Portfolio Purchasing. Contact George Elliott, National Account Manager. 678-694-9063,

Asset Management: Boston, MA
Nationwide appraisals, remarketing, audits, inspections and more! Over 15-years industry experience and dedicated to deliver personal, prompt, professional services.
Call Chris @ 508-785-1277. Email:

Asset Management: Minneapolis, MN
NetSentric provides services to leasing companies: Inspection, Appraisals, Auditing, Warehousing, Repossession, Asset Management, Repairs, Remarketing and Field Service for Electronics and Computing Technology.

Asset Management: Monroe, NC
Recover a greater return on your investment.  We specialize in the woodworking, pallet, sawmill and forestry industries. Melinda Meier (704)288-1904 x103
Asset Management: Nationwide
BUYER/LENDER BEWARE. Don't sign anything until Collateral Verifications Inc. goes onsite, knocks on the door and gets the facts.

Seasoned and fair priced workforce is at your service for all lease collections, repossessions, and asset liquidations, appraisals.  Call Nassau Asset Management 800-462-7728  

Asset Management: NorthWest Sequent provides collateral recovery, remarketing, and storage services to lenders with assets located in the greater Pacific Northwest. Professional services at reasonable pricing. Contact

  Asset Management: Orange City, FL
We help Lessors Liquidate un-wanted Assets valued at $750,000+. It's an effective method of Liquidating Assets such as Jets, Planes, Helicopters, Freighters, etc.
Eric R. Sanders
Tel  386-789-9441
Asset Storage/Re-Marketing: Ohio & surrounding states. Providing no cost warehousing, condition reports, digital photos and remarketing of off-lease forklifts & industrial equipment. NAFTA wide dealer network. Email to Asset Management
Melville, New York
Auctions, Appraisals, National Repossessions.  ALL asset classes. 20+ year team works for you. Spend less, Net More… Fast!
Ed Castagna 516-229-1968
Asset Management:
South East US- AllState Asset Management
Recovery, remarketing, inspections. 25 years experience, dedicated to deliver, prompt, professional services.
Call Brian @ 704-671-2376. brian.buchanan
Asset Management: Global
Specializing in Semiconductor and Electronic Test Equipment collateral. Lender services include Consignment Sales, Remarketing, Portfolio Purchases, Inspections, De-installation, Repairs and Warehousing.
Bulldog Asset Management provides recovery and remarketing services with a difference. Contingent repos, free storage and industry experts to remarket.

Asset Management: Portsmouth, NH
Unique approach improves results, keeps costs down. Repossession, Storage, Inspection, Legal, Appraisal, Transport, Remarketing. Free advice and resources. Call 855.EENGINE

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This Day in History

     1690 – At Onondaga, New York, the Iroquois Nation renews its allegiance to the English crown.
     1801-Toussaint L’Ouverture, Haitian liberator, enters Santiago to battle the French and British. In the course of liberation of the country, all whites on the island are Murdered. Slaves in the United States escape their “owners” to Free Haiti, bringing more fear to Southern plantation owners. In 1789 the French colony of Saint Domingue was the most profitable real estate in the world. These profits came at a price: while its sugar plantations supplied two-thirds of France's overseas trade, they also stimulated the greatest individual market for the slave trade. The slaves were brutally treated and died in great numbers, prompting a never-ending influx of new slaves. The French Revolution sent waves all the way across the Atlantic, dividing the colony's white population in 1791. The elites remained royalist, while the bourgeoisie embraced the revolutionary ideals. The slaves seized the moment and in the confusion rebelled en masse against their owners. The Haitian Slave Revolt had begun. When it ended in 1803, Saint Domingue had become Haiti, the first independent nation in the Caribbean. C.L.R. James tells the story of the revolt and the events leading up to it in his masterpiece, The Black Jacobins. James's personal beliefs infuse his narrative: in his preface to a 1962 edition of the book, he asserts that , when written in 1938, it was "intended to stimulate the coming emancipation of Africa." James writes passionately about the horrific lives of the slaves and of the man who rose up and led them--a semiliterate slave named François-Dominique Toussaint L'Ouverture. As James notes, however, "Toussaint did not make the revolution. It was the revolution that made Toussaint
1853 book:
Modern Prints:
    1802-Birhday of Richard Upjohn, American architect and founder of the American Institute of Architects in 1857. A Gothic revivalist, he designed many churches. Among his works were Trinity Chapel, New York, NY, Corn Exchange Bank Building, New York, NY, Central Congregation Church, Boston, MA. Born at Shaftesbury, England, he died August 18, 19878, Garrison, NY.
    1807--- President Thomas Jefferson exposes a plot by Aaron Burr to form a new republic in the Southwest.
    1813 - During the War of 1812, British forces under Henry Proctor defeat a U.S. contingent planning an attack on Fort Detroit. The task of taking back Fort Detroit, which had been lost to the British, fell to General William Henry Harrison.
    1879 -American soldiers badly beat Cheyenne Chief Dull Knife and his people as they make a desperate bid for freedom. In 1876, many of Dull Knife's people fought alongside Crazy Horse and Sitting Bull at their victorious battle at Little Bighorn, though the chief himself apparently did not participate. During the winter after Little Bighorn, Dull Knife and his people camped along the headwaters of the Powder River in Wyoming, where they fell victim to the army's winter campaign for revenge. In November, General Ranald Mackenzie's expeditionary force discovered the village and attacked. Dull Knife lost many of his people, and along with several other Indian leaders, reluctantly surrendered the following spring. In 1877, the military relocated Dull Knife and his followers far away from their Wyoming homeland to the large Indian Territory on the southern plains (in present-day Kansas and Oklahoma). No longer able to practice their traditional hunts, the band was largely dependent on meager government provisions. Beset by hunger, homesickness, and disease, Dull Knife and his people rebelled after one year. In September 1878, they joined another band to make an epic march back to their Wyoming homeland. Unwilling to give up when his goal was so close, in early January, Dull Knife led about 100 of his people in one final desperate break for freedom. Soldiers from Fort Robinson chased after the already weak and starving band of men, women, and children, and on January 22, they attacked and killed at least 30 people, including several in the immediate family of Dull Knife. Badly bloodied, most of the survivors returned to Fort Robinson and accepted their fate. Dull Knife managed to escape, and he eventually found shelter with Chief Red Cloud on the Sioux reservation in Nebraska. Permitted to remain on the reservation, Dull Knife died four years later, deeply bitter towards the Anglo-Americans he had once hoped to live with peacefully.
    1849--The "Alta California" became the first daily newspaper in California.
    1863-- In an attempt to outflank Robert E. Lee's Army of Northern Virginia, Union General Ambrose Burnside leads his army on a march to north Frederickburg, but foul weather bogs his army down in what will become known as "Mud March." While Union commander George McClellan fumed and the Battle of Antietam hung in the balance, a handful of Rebels held off Federal troops at "Burnside Bridge." This and other failures led to Burnside's replacement by Maj. Gen. Joseph Hooker before the end of the month. He is best known for the “sideburns” named after him.
    1875-Birthday of D.W. Griffith, pioneer producer-director in the American motion picture industry, best remembered for his film Birth of a Nation (1915). Born at LaGrange, KY. Died at Hollywood, CA, July 23, 1948.
    1879 - After previously serving in Illinois and Minnesota, James Shields began a term as a United States Senator from Missouri, making him the first Senator to serve three states. He is also the only person to challenge Abraham Lincoln to a duel ( before he was president .) They later became good friends.
    1895- the first national manufacturing association representing members of diversified industries was the National Association of Manufacturers of the United States, organized at a convention this day held in Cincinnati, OH. the first president elected was Thomas P. Dolan.
    1889- the Columbia Phonograph Company, the forerunner of CBS, was formed in Washington, DC. A territorial franchise of the North American Phonograph Company, Columbia covered Maryland, Delaware and the District of Columbia. At this time the phonograph was envisaged as primarily as a business device, a sort of mechanical stenographer. Commercial recording of music did not begin until 1890.
    1900-Birthday of trombone player Juan Tizol, Puerto, Rico, died April 23, 1984
    1904 -an F4 tornado leveled the northern half of Moundville, AL. 36 people were killed and 150 were injured. Sections of the northeastern part of the town were left with only bare ground. Some manner of "phosphorescent glow" was noted in this nighttime tornado.
    1912- the nearly 20,000 residents of the city of Key West, Florida, located on a small island about 128 miles south of the Florida peninsula, observed the completion of an overseas rail connection to the main inland.
    1923 -- Club Durant opens in New York. One of the hot night spots in the city. Entertainer Jimmy Durante being one of the owners, the club was named for him. The sign-painter left the terminal “e” off, and reportedly wanting another $100 to add it, the name remained Durant. It was the place to go in the twenties. Radio and then television, made Durante even a bigger star than he was on Broadway.
    1924- KGO-AM in San Francisco CA begins radio transmissions.
( I was a news writer/news editor in the 1960’s at KGO radio news.) 
    1924---Trombonist J.J. Johnson birthday
    1927- SF 49ers Pro Football Hall of Fame fullback Joe Perry birthday, Stevens, AR.
    1930-the record low temperature for the state of Illinois was set at Mount Carroll. The mercury dipped to 35 degrees below zero.
    1931- Trumpeter Clyde McCoy cuts “Sugar Blues” for the first time ( Col 2389-DF)
    1937 – Birthday of American novelist Joseph Wambaugh (The Onion Field) , born East Pittsburgh, Pennsylvania.
    1940- Former 49er and Carolina Panther football coach George Seifert birthday, San Francisco, Ca.
    1941- singer Sam Cooke birthday, Clarksdale, MS. Sam Cooke provided the early foundations of soul music through his mixture of gospel music and secular themes, He first gained notice as the lead singer of the Soul Stirrers gospel group, then in 1956 began recording pop songs. His "You Send Me" was a number-one song in 1957. Cooke hit the top 40 regularly through 1965, with such hits as "Chain Gang," "Shake" and "Twistin' the Night Away."    Sam Cooke was shot to death in December 1964 by the female manager of a Los Angeles motel. Another woman had fled from Cooke to the motel office, and there was a confrontation. Cooke's influence can be heard in the singing of such artists as Otis Redding, Al Green and Rod Stewart.
    1943-In the first land victory over the Japanese in World War II, American and Australian soldiers overcame the last pockets of resistance west and south of Sanananda on New Guinea. Three thousand Allies were killed in the battle. The Japanese lost 7,000. Of the 350 prisoners taken most were Chinese and Korean laborers attached to the Japanese forces. Almost no Japanese allowed themselves to be taken prisoner, preferring to commit hara-kiri.
    1944- A predominately American Allied force of 36,000 men was landed at Anzio on Italy's western coast. Commanding officer John P. Lucas failed to take the initiative but instead fortified his original position and thus possibly missed an early opportunity to retake Rome, The Allies entered Rome, June 4,1944.
    1944- Allies landed at Anzio, Italy. Predominately American Allied force of 36,000 men was landed at Anzio on Italy's western coast. Commanding officer John P. Lucas failed to take the initiative but instead fortified his original position and thus possibly missed an early opportunity to retake Rome. The Allies entered Rome, June 4, 1944. 1947 - KTLA, Channel 5, in Hollywood, California, began operating as the first commercial television station located west of the Mississippi River.
    1944--McCALL, THOMAS E. Medal of Honor
Rank and organization: Staff Sergeant, U.S. Army, Company F, 143d Infantry, 36th Infantry Division. Place and date: Near San Angelo, Italy, 22 January 1944. Entered service at: Veedersburg, Ind. Birth: Burton, Kans. G.O. No.: 31, 17 April 1945. Citation: For conspicuous gallantry and intrepidity at risk of life above and beyond the call of duty. On 22 January 1944, Company F had the mission of crossing the Rapido River in the vicinity of San Angelo, Italy, and attacking the well-prepared German positions to the west. For the defense of these positions the enemy had prepared a network of machinegun positions covering the terrain to the front with a pattern of withering machinegun fire, and mortar and artillery positions zeroed in on the defilade areas. S/Sgt. McCall commanded a machinegun section that was to provide added fire support for the riflemen. Under cover of darkness, Company F advanced to the river crossing site and under intense enemy mortar, artillery, and machinegun fire crossed an ice-covered bridge which was continually the target for enemy fire. Many casualties occurred on reaching the west side of the river and reorganization was imperative. Exposing himself to the deadly enemy machinegun and small arms fire that swept over the flat terrain, S/Sgt. McCall, with unusual calmness, encouraged and welded his men into an effective fighting unit. He then led them forward across the muddy, exposed terrain. Skillfully he guided his men through a barbed-wire entanglement to reach a road where he personally placed the weapons of his two squads into positions of vantage, covering the battalion's front. A shell landed near one of the positions, wounding the gunner, killing the assistant gunner, and destroying the weapon. Even though enemy shells were falling dangerously near, S/Sgt. McCall crawled across the treacherous terrain and rendered first aid to the wounded man, dragging him into a position of cover with the help of another man. The gunners of the second machinegun had been wounded from the fragments of an enemy shell, leaving S/Sgt. McCall the only remaining member of his machinegun section. Displaying outstanding aggressiveness, he ran forward with the weapon on his hip, reaching a point 30 yards from the enemy, where he fired 2 bursts of fire into the nest, killing or wounding all of the crew and putting the gun out of action. A second machinegun now opened fire upon him and he rushed its position, firing his weapon from the hip, killing 4 of the gun crew. A third machinegun, 50 yards in rear of the first two, was delivering a tremendous volume of fire upon our troops. S/Sgt. McCall spotted its position and valiantly went toward it in the face of overwhelming enemy fire. He was last seen courageously moving forward on the enemy position, firing his machinegun from his hip. S/Sgt. McCall's intrepidity and unhesitating willingness to sacrifice his life exemplify the highest traditions of the Armed Forces. 
    1945-Gene Krupa Band records Eddie Finckel’s “Leave us Leap.”
    1949- Birthday of George Edward Foreman, former heavyweight champion box, born Marshall, TX.
    1950-- Ford, General Motors, and Chrysler swallowed, bought up, like Nash, Austin, Studebaker, Hudson, Packard, and many others. The story of Preston Tucker is a little darker. Tucker was a Chicago businessman who built fifty extraordinary automobiles in 1947 and 1948. His cars had many modern amenities and remarkable horsepower. But he was indicted on thirty-one counts of fraud, and as he fought for his freedom in court, his company failed. On this day in 1950, Preston Tucker was cleared of all fraud charges against him. But it was too little, too late. The Tucker automobile was history. Many believe that the legal actions against Tucker were sponsored by the Big Three auto makers, who feared his competition.
    1950—Top Hits
Dear Hearts and Gentle People - Dinah Shore
A Dreamer’s Holiday - Perry Como
The Old Master Painter - Snooky Lanson
Chattanoogie Shoe Shine Boy - Red Foley
    1953 - The Crucible, Arthur Miller's drama about witch-hunting in Salem in 1692, opened on Broadway to favorable reviews. The plot was a thinly-disguised criticism of the Communist "witch-hunts" being conducted in the entertainment industry by the United States government.
    1956 - Raymond Burr starred in "Fort Laramie" as Captain Lee Quince as the show debuted on CBS radio. The program called in "the "Gunsmoke" tradition." 
    1958—Top Hits
At the Hop - Danny & The Juniors
Oh, Boy! - The Crickets
Don’t/I Beg of You - Elvis Presley
Great Balls of Fire - Jerry Lee Lewis
    1959- Buddy Holly made his last recordings in his New York apartment. The songs taped on an Ampex tape recorder include "Peggy Sue Got Married," "Crying, Waiting, Hoping," "That's What They Say," "What to Do," "Learning the Game" & "That Makes it Tough." The recordings were overdubbed posthumously after his plane crash a month later and released by Coral Records. 
    1960 - In a 15-round decision, Paul Pender beat Sugar Ray Robinson gaining international recognition as middleweight boxing champion. 
    1960- Sam Cooke signed with RCA and began recording blues, gospel-inflected songs such as "Chain Gang" and "Bring It On Home to Me." His earlier hits, mainly light ballads and novelty items such as "You Send Me" and "Everybody Likes to Cha Cha," had been on the small Keen label.
    1961 - 1960’s Olympic gold medalist and track star, Wilma Rudolph, set a world indoor mark for the women’s 60-yard dash when she ran the race in a 6.9 seconds. 
    1962 - Bob Feller, the Cleveland Indians pitcher, was elected to the Baseball Hall of Fam1984 - The Los Angeles Raiders defeated the defending champion Washington Redskins and Joe Theisman, 38-9, in Super Bowl XVIII. It was the most crushing defeat ever for a Super Bowl team. The game was played in Tampa Stadium in Florida. Tickets were $60. 
    1963 - Gerry & the Pacemakers hold their first recording session, producing ``Away from You'' and ``Pretend.''
    1966—Top Hits
The Sounds of Silence - Simon & Garfunkel
We Can Work It Out - The Beatles
No Matter What Shape (Your Stomach’s In) - The T-Bones
Giddyup Go - Red Sovine
    1966 -- Frank Sinatra's daughter Nancy ( who went to University High School in West Los Angeles at the time I did ) released her biggest hit, "These Boots Are Made for Walkin'." 14 weeks on the charts, it goes to Number One for one week next month.
    1966 - The Beach Boys, "Wouldn't It Be Nice"
    1967- the Supremes appeared on both the Ed Sullivan and Andy Williams TV shows. 
    1969- Glen Campbell received his first gold record, for "Wichita Lineman." 
    1967- "Rowan and Martin's Laugh-In." premiered TV. Reportedly a NBC executive upon seeing the pilot show, screamed at the producers, "You took our good money, & you & your weird friends went out & had yourselves a good time, didn't you!" Funny men Dan Rowan and Dick Martin hosted the show, but they seemed staid next to the show's other regulars, most of whom were young unknowns, including Dennis Allen, Chelsea Brown, Judy Came, Ruth Buzzi, Ann Elder, Richard Dawson Teresa Graves, Arte Johnson, Goldie Hawn, Alan Sues, J0 Anne Worley and Lily Tomlin. The show moved fast from gag to gag with heads popping out of bushes or doors in the big wall. The show brought a new energy to comedy as well as new phrases to our vocabulary. Each week, Gary Owens introduced cast members and special guests before Dan Rowan and Dick Martin came out to do their brief comic monologue. Then it was off to "The Cocktail Party," where cast members danced and told jokes. Other skits followed the party. Regular sketches included "Letters to Laugh-In," "Laugh-In Looks at the News," and the "Flying Fickle Finger of Fate Award." At the end of each show, cast members proceeded to the "Joke Wall" and took turns poking their heads out of windows to tell a quick joke or to toss a bucket of water at someone while the credits rolled. At the end of the show, the only sound was a single person applauding slowly. Many jokes were politically or sexually oriented, but they managed to get past the censors. Classic catchphrases included "You bet your bippy," "Sock it to me," "Verrrry interesting," "Here come da judge," and "Look that up in your Funk and Wagnalls." A variety of celebrities and politicians, including Richard Nixon, appeared as surprise guests on Laugh-In. The show ended in 1973, as many of the most popular cast members had left to pursue careers launched by Laugh-In. The program was revived with a cast of lesser-known comics in the 1977-78 season, but the show fell flat. However, one of the then-unknown comics to star in Laugh-In's reincarnation went on to star in a wildly popular comedy hit in 1978-Robin Williams catapulted to fame in Mork and Mindy, a Happy Days spin-off about an alien from the planet Ork who is sent to Boulder, Colorado, in an oversized eggshell to study earthlings. Laugh-In’s last telecast was May 14,1973.
    1968- the NBA Board of Governors award expansion franchise to Phoenix and Milwaukee. The Phoenix team adopted the nickname Suns, and the Milwaukee franchise became the Bucks.
    1969 - The Beatles' George Harrison, meeting Billy Preston at the Apple offices, persuades him to join the Get Back sessions (later released as Let It Be).
    1971 - The Joe Cocker film Mad Dogs and Englishmen, featuring performances by Cocker, Leon Russell, Rita Coolidge, and others, premieres in London.
    1972- “Emergency “ premiered on TV. This NBC program was introduced in midseason up against "All in the Family." It surprised everyone by becoming quite popular. The fast-paced action of the fire department paramedics saving lives by giving victims emergency treatment and then taking them to the hospital demonstrated the steps taken during actual emergency situations. The last episode aired Sept 3, 1977
    1972-- Don MacLean's album American Pie hits #1
    1973-A Vietnam peace agreement was signed in Paris by representatives of the U.S., North and South Vietnam, and the Vietcong. (The cease-fire would begin at 8 a.m., January 28, Saigon time (7 p.m., January 27, Eastern Standard Time). Its key provisions included a cease-fire throughout North and South Vietnam; withdrawal of U.S. forces and dismantling of U.S. installations within 60 days; release of North Vietnamese, Vietcong, and U.S. prisoners of war within 60 days; and reunification of the North and South through peaceful means. The South Vietnamese government was to remain until new elections were held. North Vietnamese forces in the South would remain in place, but could not be replaced or reinforced. The actual document was entitled "An Agreement Ending the War and Restoring Peace in Vietnam" and it was formally signed on January 27.
    1973- In the case of Roe v Wade, the US Supreme Court struck down state laws restricting abortions during the first six months of pregnancy. In the following two decades debate has continued to rage between those who believe a woman has a right to choose whether to continue a pregnancy and those who believe that aborting such a pregnancy is murder of an unborn child.
    1973- George Foreman won the heavyweight championship by knocking out Joe Frazier in the second round of a fight at Kingston, Jamaica. Foreman held the title until October 30, 1974, when he was knocked out by Muhammad Ali.
    1973--A band called Climax had the number 3 song in the US with "Precious and Few". The group's lead singer, Sonny Geraci, was the former vocalist of The Outsiders, who scored a US chart topper in January, 1966 with "Time Won't Let Me". 
    1974-- Carly Simon's album Hotcakes is certified gold
    1974—Top Hits
Show and Tell - Al Wilson
Smokin’ in the Boys Room - Brownsville Station
I’ve Got to Use My Imagination - Gladys Knight & The Pips
I Love - Tom T. Hall
    1976 - No. 1 Billboard Pop Hit: ``Theme from `Mahogany' (Do You Know Where You're Going to),'' Diana Ross. A screening committee for the Academy of Motion Picture Arts and Sciences initially rules the song is not good enough to be considered for an Oscar. The decision is rescinded and it gets a nomination.
    1977-- Stevie Wonder's "I Wish" hits #1
    1977-- Wings' album Wings Over America hits #1
    1980- the Tournament Policy Board of the PGA approved a plan to create a Senior Tour for golfers over the age of 50. The idea grew out of a single tournament phenomenon called the Legends of Golf, held in Austin, TX.
    1982—Top Hits
Physical - Olivia Newton-John
Waiting for a Girl Like You - Foreigner
Centerfold - The J. Geils Band
I Wouldn’t Have Missed It for the World - Ronnie Milsap
    1983- the Houston Rockets became the first team in the NBA history to be shut out in overtime as the Portland Trail Blazers defeated them 113-96. Portland outscored the Rockets in OT, 17-0.
    1984 --Super Bowl XVIII Los Angeles Raiders beat Washington Redskins, 38-9 in Tampa; Super Bowl MVP Marcus Allen, Los Angeles Raiders, Running Back rushes for a Super Bowl record 191 yards and two touchdowns
    1984-One of the most talked-about commercials in history, the Macintosh "1984" commercial aired only once, during the Super Bowl on this day in 1984. The commercial showed thousands of expressionless, bald-headed workers entranced by a Big Brother--style authoritarian figure haranguing them from a giant screen. A woman wearing a T-shirt with a Macintosh logo threw a sledgehammer into the screen, and the ad went on to explain that in a few days, the Macintosh would show the world why "1984 won't be like 1984." Ironically, Apple executives had tried unsuccessfully to pull the commercial and sell their ad slot to another advertiser at the last minute.
    1984--Barry Manilow sings the national anthem at Super bowl XVIII. 
    1985 -30ºF (-34ºC), Mountain Lake Bio Station, Virginia (state record).
    1987 - a major snowstorm struck the east coast. Up to 20 inches of snow fell in North Carolina, making this the worst snowstorm to hit the state in nearly 50 years. Williamsport, PA recorded 5 inches of snow in one hour and winds gusted to 76 mph at Chatham, MA. Stalled traffic nearly paralyzed the Washington, DC and Boston, MA areas. The pressure of the very deep low pressure center dropped to 968 millibars (28.60 inches) as it passed through New England.
    1989- The San Francisco 49ers won their third Super Bowl by defeating the Cincinnati Bengals 20-16. in Super Bowl XXII in Miami.Down by three points with less than four minutes to play, San Francisco marched 92 years in 11 plays and scored the winning touchdown on a pass from Joe Montana to John Taylor with 34 seconds remaining. Super Bowl MVP Jerry Rice, San Francisco, Wide Receiver.
A few days later Rice goes on the Aresenio Hall Show to complain that Montana is getting all the press and attention in San Francisco, whereas he was the MVP of the game.
    1990 -Will Clark, NL's MVP signs a $15M 4-year contract with San Francisco Giants
    1990—Top Hits
How Am I Supposed to Live Without You - Michael Bolton
Pump Up the Jam - Technotronic featuring Felly
Everything - Jody Watley
Nobody’s Home - Clint Black
    1991 -- 14 ACT-UP AIDS activists arrested while simultaneously disrupting CBS, NBC & PBS evening news broadcasts with "Fight AIDS, not Arabs" banners. Members burst onto the CBS Evening News with Dan Rather & the Public Broadcasting System's MacNeil-Lehrer News Hour. At CBS's studios, as title graphics cover the screen during the first seconds of the live show, Rather's regular voice-over is accompanied by a boisterous chorus, "Fight AIDS, not Arabs!" The cameras switch to the anchor's startled face, but gay novelist John Wier darts into the frame & screams the slogan again. CBS technicians jump to tackle Wier, but three other ACT UP commentators join him. 
Rather says, (quote) "We're going to go to a commercial now." 
The shouting continues, and the chaos is followed not by a commercial, but several seconds of black-screened silence. Then Rather appears again to restart the show, calling his ACT UP guests "rude." A few blocks away at PBS, the News Hour suffers a similar terrorist action as seven loud ACT UP members sit down in front of the cameras & chain themselves to chairs & equipment during the live show.
    1994-The number 1 song on Billboard's Hot 100 was "All for Love" by Bryan Adams, Sting and Rod Stewart. The tune was the first number one for Sting since 1983's "Every Breath You Take" by The Police and the first for Stewart since "Do Ya Think I'm Sexy?" from 1978. The track was written for the movie The Three Musketeers.
    1998- Center Pat LaFontaine of the New York Rangers became the 50th player in NHL history to record 1,000 regular-season points. He scored a third-period goal in the Rangers’ 4-2 loss to the Philadelphia flyers.
    1998 - “The Unabomber’s career is over,” said prosecutor Robert Cleary. Theodore Kaczynski had pleaded guilty to being the notorious Unabomber. Kaczynski made the guilty plea in Sacramento, California in return for a sentence of life in prison without parole. Kaczynski was charged with four bombings in 1985, 1993 and 1995 that killed two people and maimed two. But the plea bargain resolved all federal charges against him -- including those filed in New Jersey -- growing out of the 17-year string of 16 bombings that killed three people and injured 29. 
    1998 - Mary Bono, widow of singer/politician Sonny Bono, announced that she would run for the congressional seat held by her late husband -- to represent the 44th Congressional District in California, which includes Palm Springs.
    2001-Santana started a three week run at #1 on the Billboard Hot 200 chart with "Supernatural". The album spent a total of nine weeks at the top during this year. 
    2002 --Kmart, which has 2100 discount stores and 250'000 employees, files for bankruptcy protection after poor December 2001 sales and competition from rivals Wal-Mart Stores and Target leave KM short of cash

Super bowl Champions this date

    1984 Los Angeles Raiders
    1989 San Francisco 49ers



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