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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
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Documentation/Funding Staff
 Leasing/Banking experience a plus

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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.

Monday, January 28, 2013

Today's Equipment Leasing Headlines

Readers Beware!
 Bulletin Board Complaint
  Classified Ads---Controller/Credit/Legal
Marlin Officers Take 4th Quarter "Bonus"
  Companies who utilize Evergreen Clauses
    for Extra Lease Payments
     Classified Ads---Help Wanted
 Job Search Expenses are Tax Deductible
  Career Crossroad---By Emily Fitzpatrick/RII
Leasing 102 by Mr. Terry Winders, CLP
  Lease Assumptions
   Placard---Common Sense
No Jurisdiction over Non Creditors in
 Fraudulent Conveyance Claims,
  ----But Argument Came Too Late

   By Tom McCurnin
December up 11.5--4th Quarter 8.5
 ELFA MFLI-25 New Business Charts
  Top Stories January 22--January 25
    (You May Have Missed)
      In branch growth, JPMorgan and California are still king
       By Tahir Ali and Lindsey White, SNL Financial
        Hound Mix
         Willingboro, New Jersey Adopt-a-Dog
          C. Allen Rice Passes Away
           Open Positions at Leasing Funders/Various Locations
News Briefs---
 Five Point Capital Announces New Wave of Sales Representatives
  Business Finance Store Publishes Primer on Equipment Leasing
   Research: Restaurant customers traded down in 2012
    Guy Fieri jumps into the wine business
     Super Bowl ads: The best of the past 24 years

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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Readers Beware!
Bulletin Board Complaint

Dallin Hawkins
Managing Director of Sales & Operations
Integrity Financial Groups

Leasing News was advised by a reader who in avertedly typed in “” It took him took him to Integrity Financial Groups web site. Leasing News does not own the address with .info as it is controlled by Dallin Hawkins, who has three Bulletin Board Complaints about his company ---that is the opposite of its name, according to those who made the complaints.

This new deception is orchestrated by Dallin Hawkins, Managing Director of Sales & Operations, Integrity Financial Groups.

Leasing News agrees with the person who made a legitimate complaint, the name “Integrity” does not describe the company and is a “deception.”

Integrity Financial Groups, Murray, Utah
Bulletin Board Complaint

Integrity Financial Groups, Murray, Utah
Bulletin Board Complaint

Integrity Financial Groups, Murray, Utah
Bulletin Board Complaint



Classified Ads---Controller/Credit/Legal

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


Chicago, IL
experienced in lease accounting, operations, management, and Sarbanes-Oxley. Seeking position with equipment lessor. Would consider contract assignments or relocating. 
Southeastern, MI
Controller & Management experience w/ equip lessors &broker. MBA, CPA w/ extensive accounting, management, securitization experience with public and private companies. Willing to relocate. 

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

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

Free Posting for those seeking employment in Leasing:

All “free” categories “job wanted” ads:




Marlin Officers Take 4th Quarter "Bonus"

Marlin Business Service Corp., Mount Laurel, New Jersey dba Marlin Leasing has announced it will disclose its Fourth Quarter and Year-end 2012 this Thursday, January 31,2013.

Announced third quarter, stating highlights:

  • Net income of $3.4 million, up 87% year-over-year

  • New lease originations of $81.6 million, up 37% year-over-year

  • Risk adjusted net interest and fee margin of 12.25%, an increase of

  • 42 basis points year-over-year

  • Insured deposit growth of 21% quarter-over-quarter, up 117% year- over-year

  • Strong capital position, equity to assets ratio of 29.62%

  • Total risk-based capital ratio of 34.40%

  • Efficiency ratio of 56%, compared to 69% a year ago

The fourth quarter,2012, must have been as good or better, as the four executive officers drew their bonuses, cashing in stock on January 23, 2012.

Dyer, Daniel P. Chief Executive Officer
Pelose, George D. Chief Operating Officer
Siciliano Edward J. Chief Sales Office
Wilson, Lynne C. Chief Financial Officer

(Stock "deposed," at dollar amount, amount still held, dollar amount)

Closing NASDAQ

Friday, January 25, 2013

End-of-day Price ($): 21.11
Change ($): 0.13
Change (%): 0.62
One Day Volume: 19,302
Day's High ($): 21.39
Day's Low ($): 20.26
Previous Close ($): 20.98
Exchange: NASDAQ



Companies who utilize Evergreen Clauses
for Extra Lease Payments

These companies use language in their purchase options to confuse, perhaps to deceive, with the result an automatic continuation for an additional twelve months of payments.

Several have continuation of payments and the requirement of replacing the equipment for a new lease. Leasing News has had complaints involving companies who invoke the twelve months on a $1.00 purchase option, as well as on an Equipment Finance Agreements.

ACC Capital, Midvale, Utah
Balboa Capital, Irvine, California
IFC Credit, Morton Grove, Illinois
Jules and Associates
LEAF Financial Group
, Philadelphia, Pennsylvania
Marlin Business Leasing, Mount Laurel, New Jersey
Marquette Equipment Finance, Midvale, Utah 
Mazuma Capital Corporation, Draper, Utah
Onset Financial, South Jordan, Utah 
Republic Bank, Bountiful, Utah
Tetra Financial Group, Salt Lake City, Utah

Full Page:

Comprehensive personal property tax outsourcing services
We accept file exports and integrate personal property tax information with all lease management or accounting software. No other firm offers the combination of individual attention, software capabilities expertise, "full disclosure" and web port accessibility to information more than we do. 

Click here to learn what our clients say about our service
Gary DiLillo, President 440.871.0555 or


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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.

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 Search Expenses are Tax Deductible
Career Crossroad---By Emily Fitzpatrick/RII

Question: Can I deduct any career / job oriented expenses on my taxes?

Answer: Yes, there are some, I strongly recommend you discuss with a CPA, as we are not tax experts and the codes keep changing.

As an overview:

I. Job seeker must be searching for a position in the same field as the job he or she just left. So those looking for their first job and those seeking a new career are out of luck. How will the IRS know if you’ve changed fields or not? “…To be honest, it probably won’t – unless you get audited …” says Ed Slott, CPA. Needless to say, we do not recommend trying to pull a fast-one on the IRS.

II. Cost of the search plus the costs of other “miscellaneous itemized deductions” must exceed 2% of the taxpayer’s individual or joint (if married) adjusted gross income for that tax year. Other deductions included in this 2% requirement: non-reimbursed business expenses such as dues paid to a union or other professional society, uniforms that aren’t appropriate for wear outside of the workplace and coursed taken to improve job skills. (For more on this, read IRS publication 529.) Pretty much any job-hunting expenses are potentially deductible – such as the cost of printing and mailing resumes, phone calls to prospective employers, employment agency enrollment fees and travel expenses, which includes airfare, meals, cabs and care mileage at 36.5 cents a mile.

Where this may get a bit murky is with the part pleasure/part job-search-related expense. So writing off, say a family trip to Florida with an interview on the side, could be a little tricky. If you spent 20% of your time on a job interview and the other 80% on vacation, you are not allowed to deduct travel expenses to and from the area (since the trip was primarily personal). Instead, you can only deduct the expenses that were directly related to your job hunt while you were in Florida.

For those who have been unemployed for a while and have had a few or no other sources of income (such as a spouse who brings home a healthy paycheck), beating the 2% threshold is certainly plausible. That said, qualifying taxpayers whose, for e.g., 2002 AGI is more than $137,300 ($68,650 if married filing separately) may have their deduction reduced (for more information, check with your accountant!).

Consider Yourself Warned: As the itemized deductions increase as a percentage of gross income, so does the likelihood of an IRS audit. Do not panic, only 1 in 172 people received an audit notice in 2001. And it’s possible that even if the computer does select your return, a sympathetic IRS agent might just let your deductions go, says a partner in accounting firm Grant Thornton. After all, the job seeker’s plight is quite common nowadays.


For those who are eligible for the job search deductions, having receipts obviously makes things easier. So those who are currently unemployed and hoping to deduct expenses on their 2003 taxes should be sure to keep records. If you cannot keep receipts of every nickel and dime, keep track of it in some kind of a book or diary.

For those who have not done so, you can estimate under the so called “Cohan rule”. If an audited taxpayer does not have records for deducted business expenses (those include job hunting costs), he can approximate, provided he has a reasonable explanation for the expense and why records are not available. One important exception – it cannot be used for travel or entertainment expenses.

Again, I strongly recommend having your CPA review your deductible taxes and/or attorney – the IRS is relentless and you do not want to be flagged!

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


Leasing 102
by Mr. Terry Winders, CLP

Lease Assumptions

An Assumption is when the lessee needs to transfer the obligations in the lease to a new lessee. This may occur because the lessee has no further use for the equipment, prior to lease termination, or is sold, merged or goes out of business. With the exception of an acceptable transfer most of the reasons are actual defaults provided the language in the lease identifies this issue.

The type of assumptions used to transfer the reasonability or just add the new lessee while retaining the original lessee depends on the type of lease. If you have a true lease the equipment is not an asset of the lessee and therefore the responsibility does not transfer to a new purchaser of the lessee if it is an asset sale. An asset sale is the preferred form of acquisition these days because the purchaser does not become responsible for all debts and risks for past performances. A stock sale transfers all debt and risks to the purchaser.

An Article 9 (sale intended as a security) places the ownership reasonability in the hands of the lessee. Therefore the purchaser usually makes arrangements to accept the lease “If” they need the equipment. Many times the purchaser finds the equipment superfluous and would prefer it would returned to the lessor.

If you negotiate an assumption with the purchaser I suggest you ask your legal counsel to prepare the document but here a partial list of other documents involved in the assumption.

1. Copy of the original lease
2. Copy of the acceptance agreement
3. Copy of the end of the lease options
4. A schedule of rent payments made
5. Confirmation of the equipment’s current condition

Do not waive any continuing guarantee and if the assuming company is also “privately held,” require a guarantee. Often another corporation can acquire a corporation without an assumption, but you can have your attorney put in requirements as well as your current contract also most likely allows a site inspection as well as current financial and corporate tax returns. I would also suggest having a fee included in the contract for this occurrence.

Clearly the credit of the proposed new lessee is critical so a new lease credit application should be filled out and then checked out. It would be advisable to have an inspection of the equipment including completing an equipment use and inspection form. Determine the possible new location for the equipment and file a new UCC-1 filing on the new lessee. Also if sales tax is being paid monthly, it may change with location so investigate all required taxes in that location, as well as personal property tax filings.

On occasion the lessor is unaware of the change of lessee or equipment location, so it is important to follow the equipment with annual lessee contact requesting equipment condition and current location. I have always suggested equipment inspections during the term of the lease based on equipment value and residual assumptions.

Many lessors have contacted a lessor to determine which end of the lease option the lessee would choose only to discover the equipment was long gone.

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)




No Jurisdiction over Non Creditors in
Fraudulent Conveyance Claims,
----But Argument Came Too Late

By Tom McCurnin
Barton, Klugman & Oetting

Ruling Which Deprives Trustees of Favorable Forum May Impact
How and Where Such Claims Are Litigated. But Remember to
Assert Jurisdictional Defenses Early

In re Bellingham Ins. Agency, Inc., 2012 WL 6013836 (9th Cir. 2012)

“Don't it always seem to go
That you don't know what you've got
Till it's gone
They paved paradise
And put up a parking lot!”
Joni Mitchell
'Big Yellow Taxi'- 1970

Waiting too long to act has been a fault of many litigants and in today’s case, waiting was the downfall of a defendant to a fraudulent conveyance action. Had it acted sooner, the action would have been thrown out.

By way of background, this is a trustee’s action for fraudulent conveyance. I really dislike claims by bankruptcy trustees and creditors’ committees, as they are the bane of the secured creditor. These cases provide a huge source of revenue for law firms that represent the trustee in large estates, like insolvent law firms or leasing companies. I also dislike being hauled before a debtor friendly bankruptcy judge 1,000 miles away. My clients have to hire another set of lawyers, and there is a strong incentive to settle, because the forum is so trustee friendly. I often questioned whether that far away court had jurisdiction over my client.

The Ninth Circuit has taken a 2011 United States Supreme Court decision and parlayed it for the proposition that the Bankruptcy Court does not have jurisdiction over non-creditors in a fraudulent conveyance action. Such actions will now have to be filed in State or Federal Court. Say what you want about the Ninth Circuit, but this is a nice Christmas present for equipment lessors, albeit a bit late for the EAR defendants. The facts follow.

Nicholas Paleveda operated Aegis Retirement Income Services (“AIRIS”) and Bellingham Insurance Agency (“BIA”). In 2005 BIA became insolvent and before closing its doors BIA assigned its rights to commissions to third party, used BIA funds to form Executive Benefits Insurance Agency (“EBIA”). And EBIA transferred various monies to AIRIS and EBIA.

BIA filed a Chapter 7 Bankruptcy, and the Chapter 7 Trustee filed an Adversary Action against EBIA and ARIS to recover the monies transferred to them by the Debtor, BIA. EBIA and ARIS filed Answers, defended a motion for summary judgment filed by the Trustee and after judgment, appealed to the Federal District Court which affirmed. EBIA and ARIS appealed to the Ninth Circuit Court of Appeals, briefed the issues and after briefing, but before oral argument, filed a motion to vacate, claiming that the Bankruptcy Court had no jurisdiction over them, as they were not creditors of BIA and did not consent to Bankruptcy Court jurisdiction.

In a surprise move, the Court agreed with EBIA and ARIS, holding that the Bankruptcy Court does not have jurisdiction over third parties which are not creditors of the Debtor, and which did not consent to having a Bankruptcy Court Judge, as opposed to the District Court Judge, hear the matter. The case was based on the 2011 Supreme Court decision Stern v. Marshall, 31 S.Ct. 2594, 180 L.Ed.2d 475 (2011) which held that bankruptcy court could not enter final judgment on a state-law claim for tortious interference in an ongoing bankruptcy proceeding

Bankruptcy Judges are not appointed by Congress under the United States Constitution. Because EBIA and ARIS were not creditors of the estate, the Bankruptcy Court had no jurisdiction to enter judgment against them. All such claims had to be brought under State law or the appropriate Federal District Court. The Court even questioned why when the United States Supreme Court came down with this decision, the defendants did not read the decision and make the appropriate motion. Maybe the concept was too obtuse, the Court suggested, pimping the defendants.

However, that was not the end of the analysis, because the Trustee made the very convincing argument that EBIA and ARIS waived that defense and were too late in asserting it. EBIA filed papers in the underlying action in which it consented to the Bankruptcy Judge hearing the matter, opposed the summary judgment, and other pleadings. EBIA waited until just days before oral argument on the 2nd appeal when it suddenly reversed its position and sought to vacate the judgment, claiming lack of jurisdiction. In short, EBIA fully litigated the fraudulent conveyance issue before two courts, before making the argument that the Bankruptcy Court lacked jurisdiction.

What does this decision mean for equipment lessors? The decision means that Chapter 7 or 11 Trustees will be stripped of the Bankruptcy Forum, where there is no right of a jury, and sometimes there is a debtor friendly judge. In addition, that routine proof of claim the equipment lessor routinely files, whether there are assets or not? That claim may subject the creditor to being a “creditor” in the eyes of the Bankruptcy Court and therefore subject to that Court’s jurisdiction. Indeed, the EAR litigation that has been going on for about a year now is now suspect. Regrettably, the EAR Defendants did not have the benefit of this Ninth Circuit decision.

First, be careful what you wish for, you might get it. Equipment Lessors should not be so quick to pull the trigger on proofs of claim and other bankruptcy procedures when it is possible that they might get snared by an aggressive trustee and his/her fraudulent conveyance claims. I have several clients that routinely file proofs of claim, whether there are assets or not. Given today’s case, one might want to re-think that policy.

Second, since the Court based its decision on the 2011 United States Supreme Court decision of Stern v. Marshall, this case should send ripples through the bankruptcy defense attorney bar, as this adds a new layer of defenses to trustee’s claims. I immediately thought of the EAR bankruptcy and those dozen or so fraudulent conveyance actions, and whether those defendants could assert this defense. Perhaps it is also too late for them.

The bottom line here is that if the defendant to a bankruptcy fraudulent conveyance claim has no direct connections with the bankruptcy, that defendant has a right to have the matter heard either in State Court or if in Federal Court, by a real, Constitutionally appointed District Court Judge, not a Bankruptcy Judge. This is a substantive right—to be added to the lawyer’s tool box. However, the argument needs to be made timely.

Tom McCurnin is a partner in the Los Angeles law firm of Barton, Klugman & Oetting, and specializes in the representation of financial institutions.

Bellingham Insurance Case:

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

Leasing Cases by Tom McCurnin


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December up 11.5--4th Quarter 8.5
ELFA MFLI-25 New Business Charts

(Leasing News chart)

The Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $725 billion equipment finance sector, showed their overall new business volume for December was $11.5 billion, up 6 percent from volume of $10.8 billion in the same period in 2011.

MLFI-25 New Business Volume
(Year Over Year Comparison)
click image to make larger


(Chart: ELFA)

(Leasing News Chart)

Separately, the Equipment Leasing & Finance Foundation's Monthly Confidence Index (MCI-EFI) for January is 54.2, an increase from the December index of 48.5, reflecting industry participants' improved outlook amid ongoing concerns with economic conditions and management of fiscal issues.

December, 2012 ELFA Charts

Aging of Receivables:

click to make larger

Average Losses (Charge-offs) as a % of net receivables
(Year Over Year Comparison)

click image to make larger

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

click image to make larger

Total Number of Employees
(Year Over Year Comparison)

click image to make larger

Participants in the ELFA MLFI-25:

ADP Credit
BancorpSouth Equipment Finance
Bank of America
Bank of the West
BB&T Bank
BMO Harris Equipment Finance
Canon Financial Services
Caterpillar Financial Services
De Lage Landen Financial Services
Dell Financial Services
EverBank Commercial Finance
Fifth Third Equipment Finance, a City National Bank Company
First American Equipment Finance
GreatAmerica Financial Services
Hitachi Credit America
HP Financial Services
Huntington Equipment Finance
John Deere Financial
Key Equipment Finance
M&T Bank
Marlin Leasing
Merchants Capital
PNC Equipment Finance
RBS Asset Finance
SG Equipment Finance
Siemens Financial Services
Stearns Bank
Susquehanna Commercial Finance
US Bancorp Equipment Finance
Verizon Capital
Volvo Financial Services
Wells Fargo Equipment Finance

Leasing News History of ELFA MFLI-25 reports:



Top Stories January 22--January 25
(You May Have Missed)

Here are the top ten stories opened by readers:

(1) New Credit Reporting Agency Inspection Requirements
for Brokers/Funders/Lessors Working Out of their House

(2) GE Capital Evergreen Clause Resolved
Bulletin Board Complaint Removed

(3) 2013 Leasing Association Membership
(Which One to Join?)
by Christopher Menkin

(4) New Hires---Promotions

(5) Leasing 102 by Mr. Terry Winders, CLP
Is your marketing plan too broad?

(6) KeyCorp posts 4% decline in fourth-quarter net income
----Commercial lease financing continues downward

(7) Mortgage Bubble Burst Takes Another Bank Down
Bank Beat

(8) Channel Partners---Last 20 Deals Funded

(9) Insider loans rife as Westsound Bank, Bremerton, WA collapsed

(10) Pacific Capital Companies Help Wanted Ad


In branch growth, JPMorgan and California are still king
By Tahir Ali and Lindsey White, SNL Financial

After a slight lull, bank branch closures spiked in the fourth quarter of 2012.

By now the story of declining branch counts should come as little surprise to most observers, as banks have long looked to cut costs and turned to new technology as an alternative to physical offices.

According to SNL data, banks shuttered more than 500 branches during the last three months of 2012 while opening 274, for a net decrease of 229 branches. This is more than double the net decrease that the industry experienced in the third quarter of 2012.

Michael Driscoll, senior vice president of the U.S. Financial Institutions Group at DBRS, said he would not be surprised to see this faster pace of branch closures continue. He suggested that the Federal Reserve's guidance that interest rates will stay lower longer than originally anticipated could have contributed to the heightened number of closures.

"With low interest rates, the value of deposits is much lower," Driscoll said. "So it makes much more economic sense to close branches at this point in the low-rate cycle, especially when you don't need the funding."

Banks do not need the funding because they are generally awash in deposits. As a result, many are actually trying to drive out higher-cost deposits, said Dennis Gibney, a managing director at FinPro.

"Realistically right now if you don't have asset generation capability — and what I mean by that is the ability to put on quality loans — there is virtually no spread or not an acceptable spread by taking in deposits and investing them in securities," Gibney said.

In the absence of loan growth, banks are reconsidering their franchises and trimming unprofitable branches. "You're going to see closures in slower-growth or declining markets. People are going to reallocate their cost and their capital investment to markets that have better growth prospects," Gibney told SNL. "In many instances people are targeting markets where they will have better loan generation capability."

Bank of America Corp. is one company that appears to be following this path. BofA again experienced the largest net decline in branches, opening three while shuttering 50 during the quarter.

"Our goal is to provide the right network for our customers to do their banking," Tara Burke, a spokeswoman for Bank of America, told SNL. "Whether it's a banking center, an ATM, online, mobile, telephone banking, we're always adapting our banking center network to fit our customers' needs and changing behaviors."

That can mean consolidating branches where there is an overlap or opening centers where there are high-growth opportunities, Burke added.

Capital One Financial Corp. and Bank of Montreal also shuttered a notable number of branches during the quarter, as did some large regional names such as F.N.B. Corp. and BB&T Corp.

While BB&T saw a net decrease in branches, the company is growing in certain areas. During BB&T's fourth-quarter 2012 conference call, executives said the company continues to open new offices in strong growth markets. In particular, Chairman, President and CEO Kelly King said plans to open 30 commercial branches in Texas are well under way, with encouraging initial results.

Of course, some banks are adding more branches than they are cutting.

During the 2012 fourth quarter, Toronto-Dominion Bank added a dozen branches while closing zero. Brian Haier, executive vice president of regional banking and direct channels for TD Bank, said the bank has "aggressive" plans to continue its organic growth in 2013 by opening 35 or more new stores throughout its footprint.

JPMorgan Chase & Co. again led the pack in terms of branch growth. The company saw a net increase of 16 branches during the quarter. A representative for JPMorgan confirmed that the company continues to focus on building its footprint in California and Florida.

Once again, California was one of the few states that experienced a net increase in branches during the quarter — unsurprising, according to Ajay Nagarkatte, managing director and head of research at BAI. He said it is logical to see continued branch expansion in California markets, many of which have high growth potential and a lot of money in play.

Meanwhile, Pennsylvania saw the biggest net decrease in branches, and Philadelphia was one of the market areas that lost the most net branches during the quarter.

Ed Novak, director of communications at the Pennsylvania Department of Banking and Securities, cautioned against reading too much into branch declines in the state. In particular he noted that Philadelphia is a financial center with a large number of branches, making the closure of a few during the 2012 fourth quarter less significant.

Ultimately, observers expect to see continued acceleration in branch cuts during 2013, as banks continue looking for ways to cut costs in a challenging economic environment.

"Every bank is trying to cut expenses because revenue growth is just so difficult to get," Driscoll said. "The branch itself will never fully go away, but technology is moving ahead and people are getting used to it and adopting it."

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


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Willingboro, New Jersey Adopt-a-Dog

Cassie Girl

Small • Young • Female
Pet ID: mary foster
• Spayed/Neutered
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• Coat length: Short

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Pease, send in an adoption application so a meet and greet can be scheduled!!"

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Application Form


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

Adopt a Pet


C. Allen Rice Passes Away

Clarence Allen Rice, the owner of C & J Leasing Corp., Des Moines, Iowa, after an eight day trial was found guilty November 18, 2011 of wire fraud in connection with a complex $8 million Ponzi scheme. November, 2008 he told Leasing News he had been in business since 1982 and was letting go his 18 employees, stopped funding, and was winding down.

Arrested, taken to trial, he was convicted on four counts, receiving 70 months in federal jail on each count. In late 2002, evidence showed his day trading losses mounted, Rice began misappropriating certain lease payments belonging to Frontier. His misappropriation arose out of situations in which a lessee decided to pay off a lease early instead of continuing to make monthly payments through the end of the lease term.

The company he discounted leases to, Frontier, suffered losses in excess of $5.5 million. In addition, lessees lost more than $2 million in security deposits that had been given to Rice’s company.

His Obituary:
Allen Rice, 64, was born April 14, 1948, in Ottumwa, Iowa to Glenys and Eddyth Thomson Rice and died January 2, 2013, from complications of bile duct cancer. A lifelong Iowan, Allen grew up on a farm near Hedrick, IA. He attended Pekin High School and Iowa State University where he met his wife, Christine Weber, whom he married in 1971. Allen graduated with an M.S. in Economics in 1972. He settled on the financial leasing business and worked in that industry for over 30 years.

While work was important, family was a priority. Allen rarely missed attending his children’s school or extracurricular activities or sharing dinner with his family. At home, he played Mario Kart with his kids, worked on puzzles, and played kids-versus-parents Trivial Pursuit. He also enjoyed baseball and biking; he rode all of RAGBRAI several times. Allen cared deeply for not only his immediate and extended family, but also for his work and church families. His faith journey, which began in his youth, continued all the days of his life. He was truly a glass-half-full kind of guy; he believed that if he was honest and worked hard, everything would work out.

He is survived by his loving wife, Christine; his children, Dr. Alanna Rice of Albuquerque, NM, Allison Rice of Washington, DC, Alex Rice of Benin, Africa, Clint (Alyssa Wassink) Rice of Iowa City, IA; his sisters, Lois Ann Martin and Glenda Sieren; his aunt, Eathol (Vic) Marska and many nieces, nephews and cousins.

He is preceded in death by his parents and his brother, Lynn Rice.




Open Positions at Leasing Funders/Various Locations

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Five Point Capital Announces New Wave of Sales Representatives

Business Finance Store Publishes Primer on Equipment Leasing;_ylt=A2KJjakGwwVRdQsAxAzQtDMD

Apple shelters almost $1bn a week from US tax man

Research: Restaurant customers traded down in 2012

Guy Fieri jumps into the wine business

Super Bowl ads: The best of the past 24 years


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Shocking Restaurant Meals to Avoid This Year




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Jed York to 49ers fan Terry White: You’re going to the Super Bowl

Santa Clara, new home to Super Bowl-bound 49ers, beaming with small-town pride

Woods stalking seventh tour win at Torrey

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Jerry Brown's state won't be what it was


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This Day in History

     1595 -- Sir Francis Drake, English navigator/pirate (Porto Bello West Indies), after discovering California, dies at about 50, of dysentery, off the coast of Panama.
    1772 - The "Washington and Jefferson" snowstorm occurred across the mid Atlantic states. George Washington in Mount Vernon and Thomas Jefferson in Monticello were marooned by this storm. Snowfall was estimated at 3 feet on a level across Virginia and Maryland. Washington wrote, "...the deepest snow which I suppose the oldest living ever remembers to have seen in this country".
    1782-Great Seal of the US: Congress resolved that the secretary of the Congress should “keep the public seal, and cause same to be affixed to every act, ordinance or paper, which Congress shall direct...” Although the Great Seal did not exist yet, the Congress recognized the need for it.
    1787 -- The Free Africa Society organizes in Philadelphia, Pennsylvania.
    1791- Plans for National Mint : Though the Constitution granted Congress the "power…to coin money," the dawn of the 1780s found America still a nation in need of a standard currency. Following the Revolutionary War, the U.S. seemed as though as it would adopt copper as its coin of choice. However, various efforts to produce and standardize copper proved futile. Congress pushed on and, in 1786, signed off on Thomas Jefferson's proposal for a dollar-driven currency. Of course, the nation also needed to develop a means for producing this currency and on this day in 1791, Secretary of Treasury Alexander Hamilton stepped before the House to deliver a report on the establishment of a national mint. Hamilton's work helped pave the way for the authorization of the United States Mint on April 2, 1792.
    1828-Confederate General Thomas Carmichael Hindman is born in Knoxville, Tennessee. Hindman was raised in Alabama and educated in New York and New Jersey. His family moved to a Mississippi plantation, and he returned from the North to study law. His studies were interrupted by service in the Mexican War, but he was admitted to the Mississippi Bar Association in 1851. He earned a reputation as an avid secessionist long before many southerners held that view. He moved to Arkansas and was elected to Congress in 1858. Hindman's law partner was Patrick Cleburne, who also became a Confederate General. When the war began, Hindman raised his own regiment and led it as a colonel. He was soon promoted to general and he raised an army of 18,000 from Arkansas. His tenure as commander in Arkansas was stormy. Hindman declared martial law, imposed price controls, and enforced conscription. After his force was stopped at Prairie Grove in December 1862, Hindman was reassigned to the Army of Tennessee. He fought at Chickamauga and Atlanta, and was wounded twice. After the surrender, Hindman fled to Mexico and joined a number of Confederates there. Hindman returned to Arkansas in 1868 and dove back into politics. He led a faction that challenged the Republican Party, and, in a pragmatic political maneuver, he began working on a biracial coalition. Hindman was shot as he sat in his living room, most likely by one of his political opponents. He died on September 28, 1868.
    1853-Birthday of Jose Julian Marti, Cuban author and political activist, born at Havana, Cuba. Marti was exiled to Spain, where he stuided law before coming to the US in 1890. He was killed in battle at Dos Rios, Cuba, May 19,1895. The popular song "Guantanamera" is based on a poem by Marti'. Worked on underground papers & sent to jail & forced into exile (three columns & you're out?) "No man has any special right because he belongs to any specific race; just by saying the word man, we have already said all the rights."
— Jose Marti
    1832 -- Lydia Maria Child's first piece, "Stand From Under," written for William Lloyd Garrison's anti-slavery weekly The Liberator, is published.
    1854 -- Thirty miners attack a peaceful Indian village on the Coquille River near Randolph, Oregon, killing 16. During this period the US Army engaged Indians, signing treaties for rights to land, and Indians who did not want to negotiate for land fought back, killing settlers and it was quite a turbulent time. The Indians lost as they had no “modern” weapons or horses and many tribes at the time were “farmers” and “hunters with primitive bow and arrow.”
    1855-The Panama Railway, which carried thousands of unruly miners to California via the dense jungles of Central America, dispatches its first train across the Isthmus of Panama. Before 1855, sea travelers not wishing to endure the long and treacherous passage around the tip of South America would disembark on the East Coast of Nicaragua. They would then proceed by light boat up the San Juan River to Lake Nicaragua, cross the lake in larger steamers, and complete the final overland leg of the journey via carriages. They traveled on a modern road that deposited them on the West Coast, where they boarded a steamer for San Francisco. In 1847, a group of New York financiers organized the Panama Railroad Company to do just that, and in 1850, workers began laying track through Panamanian jungle roughly along the route followed by the present canal. Completed in early 1855, the first train departed from the Atlantic side for the Pacific on January 28. A ship voyage punctuated by a brief train ride across the isthmus now became the fastest and most comfortable means of traveling to California, and tens of thousands of gold-hungry emigrants were soon racing through Panama every year. The traffic of freight and human beings moving both ways across the isthmus kept the Panama Railway busy until 1869, when the first transcontinental railroad was completed in the United States. However, the railway continued to carry a great deal of commercial freight destined for Europe or Asia until the Panama Canal was completed in 1914.
    1855-Birthday of William Burroughs, who invented the first commercially successful adding machine and founded the American Arithmomter Company of St. Louis. The company later became Burroughs Adding Machine Company. His earliest version of the machine, like other adding machines of the time, was accurate but impractical. However, in 1892 he patented a practical adding machine that would become a commercial success. Burroughs, who died in 1898, did not live to see the profits of his invention or the thriving success of his company.
    1856-The Geisel Massacre, Indians go on a rampage. The Geisel Monument 
5 miles North of Gold Beach. Located off Highway 101,this day use area state park contains a monument to one of the white families that was attacked by Oregon Indians in 1856 during the “Geisel Massacre.”
    1858- John Brown formalizes his strategy for a raid on Arsenal at Harper's Ferry. Here is a background that gives quite a bit of understanding of the times and his motivation. 

    1878- New Haven, Connecticut, opened the first commercial phone exchange, providing eight lines for twenty-one telephones.
    1884-For Star Trek fans, Gene Roddenberry named the famous Captain Picard after Jean Piccard, scientist, engineer, explorer, born at Basel, Switzerland. Noted for cosmic-ray research and record-setting balloon ascensions into stratosphere. Reached 57,589 feet in sealed gondola piloted by his wife, Jeannette, in 1934. Twin brother of Auguste Piccard. Died at Minneapolis, MN, Jan 28, 1963. To learn about Captain Jean Picard:
    1885-- Louis “Big Eye” Nelson birthday (1885-1949) Clarinet player, not to be confused with Louis Nelson, trombone player ( they often played in the same band ).

    1887-- Arthur Rubinstein, the most popular classical pianist of the 20th century, was born in Lodz, Poland. He made his debut with the Berlin Symphony Orchestra in 1898, at the age of 11, and first performed in the US in 1906. Rubinstein became well known in North America, beginning in 1937. He was renowned for his interpretations of Chopin, as well as the works of Spanish composers. Arthur Rubinstein died in 1982 at the age of 95.
    1900---Birthday of Alice Neel, American portrait painter best known for her studies in Spanish Harlem where she lived for many years. Her portraits were individual in style which was somewhat impressionistic
    1902-Carnegie Institution established. Andrew Carnegie spent a good chunk of his life building a chokehold over the steel industry. However, after years at the lead of the second Industrial Revolution, he decided to cash in his chips in 1901 and sold his stake in the mighty Carnegie Steel concern—then worth roughly $40 million—to the United States Steel Corporation for $250 million. Rather than retire and play with his riches, Carnegie followed his belief that a "man who dies rich dies disgraced" and set to doling out his fortune to various philanthropic causes. All told, Carnegie donated $350 million, $10 million of which he handed over on this day in 1902 to establish the Carnegie Institution in Washington, D.C. According to Carnegie, the Institution was designed "to encourage, in the broadest and most liberal manner, investigation, research, and discovery, and the application of knowledge to the improvement of mankind." Carnegie's lofty mission translated into an organization dedicated to research and education in "biology, astronomy, and the earth sciences."
    1908- Julie Ward Howe, author and activist Julia Ward Howe, famous for her composition, "The Battle Hymn of the Republic," became the first woman elected to the American Academy of Arts and Letters.

    1912 – Birthday of American artist Jackson Pollock, Cody, Wyoming. He was instrumental is the development of the distinctly American abstract expressionist movement in the United States. He became notorious for his drip painting methods and his huge canvases layered with paint and embedded objects. Pollock, known for his emotional volatility and heavy drinking, seen as a phony by some, and a hero by others, used his innovative, individualistic and uninhibited style to birth a new artistic genre in post World War II America. " A movie about his life starred Ed Harris was very factual. Died Long Island, NY,1956

    1915 - Congress passed legislation creating the United States Coast Guard, combining the Life Saving Service and the Revenue Cutter Service.
    1915- President Wilson refuses to prohibit immigration of illiterates 
    1916-First Jewish Supreme Court justice, Louis Brandeis, was appointed to the US Supreme Court by President Woodrow Wilson. The nomination was confirmed by the Senate on June 1, 1916. He served until 1929.
    1922 - The National Football League franchise in Decatur, Illinois, moved to Chicago, Illinois to become the Chicago Bears.
    1922 - The "Knickerbocker" storm immobilized the city of Washington D.C. The storm produced 28 inches of snow in 32 hours, and the heavy snow caused the roof of the Knickerbocker movie theatre to collapse killing 96 persons.
    1925 -46ºF (-43ºC), Pittsburgh NH (state record)
    1927-Birthday of sax player Ronnie Scott, London, England 

    1927 –American composer Aaron Copland's First Piano is first performed: Concerto for Piano and Orchestra.
    1927-- Jean Goldkette and His Dancing Orchestra, "I'm Looking Over a Four-Leaf Clover"
    1928- birthday of James Edward “Pete” Runnels, great baseball player born at Lufkin, TX. Runnels won the American League batting title in 1960 and 1961 playing for the Boston Red Sox. Died at Pasadena, TX, May 20, 1993.
    1932- the first unemployment insurance act passed by a state was enacted by Wisconsin. Every employer of 10 or more was required to put 2 percent of the payroll aside until a fund accrued equaling $75 per eligible worked. An employee who lost his or her job could draw on the fund at the rate of $10 a week for a maximum of 10 weeks.
    1934 - As a result of a compliment from Walter Winchell's newspaper column, a local disc jockey began getting offers from talent scouts and producers. The DJ became known as Redhead, to those in Washington, DC and later, by millions across the United States on CBS radio and television. His trademark, strumming a ukulele and delivering down-home talk, endeared him to fans. His name was Arthur Godfrey.,,436345,00.html
    1934 - Robert Royce's ski lift was used for the first time in Woodstock, Vermont. Previously, snow skiers had no way to get to the top of the mountain conveniently. About 900 yards of manila rope 0.875 inches thick was spliced together, passed over pulleys and around a wheel attached to a tractor, and extended up the hill 300 yards.
    1937- Trumpeter Roy Eldridge records “ After You've Gone.”
    1944--GIBSON, ERIC G. Medal of Honor
Rank and organization. Technician Fifth Grade, U.S. Army, 3d Infantry Division. Place and date: Near Isola Bella, Italy, 28 January 1944. Entered service at: Chicago, Ill. Birth: Nysund, Sweden. G.O. No.: 74, 11 September 1944. Citation: For conspicuous gallantry and intrepidity at risk of life above and beyond the call of duty. On 28 January 1944, near Isola Bella, Italy, Tech. 5th Grade Gibson, company cook, led a squad of replacements through their initial baptism of fire, destroyed four enemy positions, killed 5 and captured 2 German soldiers, and secured the left flank of his company during an attack on a strongpoint. Placing himself 50 yards in front of his new men, Gibson advanced down the wide stream ditch known as the Fossa Femminamorta, keeping pace with the advance of his company. An enemy soldier allowed Tech. 5th Grade Gibson to come within 20 yards of his concealed position and then opened fire on him with a machine pistol. Despite the stream of automatic fire which barely missed him, Gibson charged the position, firing his submachine gun every few steps. Reaching the position, Gibson fired pointblank at his opponent, killing him. An artillery concentration fell in and around the ditch; the concussion from one shell knocked him flat. As he got to his feet Gibson was fired on by two soldiers armed with a machine pistol and a rifle from a position only 75 yards distant. Gibson immediately raced toward the foe. Halfway to the position a machinegun opened fire on him. Bullets came within inches of his body, yet Gibson never paused in his forward movement. He killed one and captured the other soldier. Shortly after, when he was fired upon by a heavy machinegun 200 yards down the ditch, Gibson crawled back to his squad and ordered it to lay down a base of fire while he flanked the emplacement. Despite all warning, Gibson crawled 125 yards through an artillery concentration and the cross fire of 2 machineguns which showered dirt over his body, threw 2 hand grenades into the emplacement and charged it with his submachine gun, killing 2 of the enemy and capturing a third. Before leading his men around a bend in the stream ditch, Gibson went forward alone to reconnoiter. Hearing an exchange of machine pistol and submachine gun fire, Gibson's squad went forward to find that its leader had run 35 yards toward an outpost, killed the machine pistol man, and had himself been killed while firing at the Germans.
    1945 - A convoy of United States trucks from India crossed the Burmese-Chinese border, opening the famous "Burma Road."
    1946-Jazz at the Philharmonic records “Lady Be Good” at Phi8lharmonic Auditorium, LA.
    1947- In New York City, a copy of the 1640 Bay Psalm Book was purchased at an auction at Parke-Bernet Galleries for $150,000 --the highest price ever paid to date for a single volume. (The original title of the book was: "The Whole Book of Psalmes Faithfully Translated into English Metre.")
1948-Birthday of drummer Bob Moses, New York City, NY

    1948---Top Hits 
Golden Earrings - Peggy Lee 
How Soon - Jack Owens 
Ballerina - Vaughn Monroe 
I'll Hold You in My Heart (Till I Can Hold You in My Arms) - Eddy Arnold
    1955 - President Dwight D. Eisenhower received full authority from the Senate to use armed forces abroad to defend Formosa (Taiwan) against possible attacks by the Chinese Communists.
    1956---Top Hits 
Memories are Made of This - Dean Martin 
The Great Pretender - The Platters 
Moritat (A Theme from 'The Three Penny Opera') - Dick Hyman 
Sixteen Tons - Tennessee Ernie Ford
    1956-. 1956, Elvis Presley made his first national television appearance on the Tommy and Jimmy Dorsey "Stage Show" on CBS. The big band of the Dorsey's backed the singer, one of the few times he played without his own band, and to a 28 piece orchestra. Although Elvis's name was on the marquee of the New York theatre where the show took place, his appearance attracted little attention. In fact, the promoter is said to have returned to the theatre at show time with dozens of tickets, unable even to give them away in Times Square. After the show, however, Elvis was a national star. Sales of his debut single for RCA Victor, "Heartbreak Hotel," snowballed
    1957 -"Tonight! America After Dark" premieres, with Jack Lescoulie & Al (Jazzbo) Collins on NBC (between Steve Allen & Jack Paar) It lasted only a few weeks.

    1957 - The Brooklyn Dodgers announced they had hired circus clown Emmett Kelly to entertain fans at baseball games. The next year, the Dodgers moved to Chavez Ravine in Los Angeles, California
    1958- One of my boyhood idols Roy Campanella of the Los Angeles Dodgers, formerly the Brooklyn Dodgers, was severely injured in a car crash on an icy road in the early morning hours. Campanella was paralyzed from the waist down and spent the rest of his life in a wheelchair. His cheery disposition served as an inspiration.'1969, a major oil spill with disastrous consequences occurred when Offshore Well A-21, owned by the Union Oil Company, burst and began leaking crude oil along a 200-mile stretch of coast centered on Santa Barbara, CA. The lease, which took 11 days to plug, fouled beaches and caused widespread loss of animal life.
    1959-Vince Lombardi was named head coach of the Green Bay Packers.
    1963 - Black student Harvey Gantt entered Clemson College in South Carolina, the last state to hold out against integration. He later become the first African-American to be elected mayor of Charlotte, NC. He later ran unsuccessfully against acknowledged racist Jesse Helms for the US Senate. Gantt remains politically active as a member of the North Carolina Democratic State Executive Council and the Democratic National Committee. He frequently lectures at colleges and universities and also takes a leadership role in numerous civic organizations.

    1963 -34ºF (-37ºC), Cynthiana KY (state record)
    1964---Top Hits 
There! I've Said It Again - Bobby Vinton 
I Want to Hold Your Hand - The Beatles 
Surfin' Bird - The Trashmen 
Love's Gonna Live Here - Buck Owens
    1965 - General Motors reported the biggest profit in the history of any United States company. In 1964, earnings for the #1 of the Big Three automakers totaled $1.735 billion.
    1965-- Pete Townshend smashed his guitar and Keith Moon overturned his drums during the Who's first appearance on the British TV program "Ready, Steady, Go." Their performance propelled the band's first single, "I Can't Explain," into the British top 10.
    1966 - Film actress Hedy Lamarr was arrested for shoplifting in a May Company store. She was later found not guilty. The beautiful Lamarr was popular in movies during the '30s and '40s, appearing in Boom Town, White Cargo, and Samson and Delilah .
    1969-The first oil spill with disastrous consequences occurred when Offshore Well A-21, owned by the Union Oil Company, burst and began leaking crude oil along a 200-mile stretch of coast centered on Santa Barbara, CA. The leak, which took 11 days to plug, fouled beaches and caused widespread loss of animal life.
    1970-Arthur Ashe, first Black male to win Wimbledon, is denied entry to compete on the US Team for the South African Open tennis championships due to Ashe's sentiments on South Africa's racial policies.
    1972---Top Hits 
American Pie - Don McLean 
Let's Stay Together - Al Green 
Day After Day - Badfinger 
Carolyn - Merle Haggard
    1973-Viet Nam War cease-fire went into effect at 8 a.m., Saigon time (midnight on January 27, Greenwich Mean Time). When the cease-fire went into effect, Saigon controlled about 75 percent of South Vietnam's territory and 85 percent of the population. The South Vietnamese Army was well equipped via last-minute deliveries of U.S. weapons and continued to receive U.S. aid after the cease-fire. The CIA estimated North Vietnamese presence in the South at 145,000 men, about the same as the previous year. The cease-fire began on time, but both sides violated it. South Vietnamese forces continued to take back villages occupied by communists in the two days before the cease-fire deadline and the communists tried to capture additional territory. Each side held that military operations were justified by the other side's violations of the cease-fire. What resulted was an almost endless chain of retaliations. During the period between the initiation of the cease-fire and the end of 1973, there were an average of 2,980 combat incidents per month in South Vietnam. Most of these were low-intensity harassing attacks designed to wear down the South Vietnamese forces, but the North Vietnamese intensified their efforts in the Central Highlands in September when they attacked government positions with tanks west of Pleiku. As a result of these post-cease-fire actions, about 25,000 South Vietnamese were killed in battle in 1973, while communist losses in South Vietnam were estimated at 45,000.
    1973- “Barnaby Jones” premiered on TV. CBS drama about a mild-mannered, milk-drinking (but don't say milquetoast) private eye who comes out of retirement following his son's murder. Cast included Buddy Ebsen as Barnaby Jones; Lee Meriwether as Barnaby's widowed daughter-in-law, Betty Jones; John Carter as Lieutenant Biddle and Mark Shera as Jedediah Jones. Buddy Ebsen, playing the detective, started in movies back in the 1920s, and was chosen to play a part in "The Wizard of Oz", but bowed out. He also shot the first film used in Walt Disney's the animation tests for a character named Mortimer Mouse, who would be known as Mickey Mouse. He is best known for portraying Jed Clampett the CBS-TV series, "The Beverly Hillbillies".

    1975- President Gerald Ford asks Congress for an additional $522 million in military aid for South Vietnam and Cambodia. He revealed that North Vietnam now had 289,000 troops in South Vietnam, and tanks, heavy artillery, and antiaircraft weapons "by the hundreds." Ford succeeded Richard Nixon when he resigned the presidency in August 1974. Despite his wishes to honor Nixon's promise to come to the aid of South Vietnam, he was faced with a hostile Congress who refused to appropriate military aid for South Vietnam and Cambodia; both countries fell to the communists later in the year.
    1976- George Harrison announced that he would participate in a planned Beatles reunion concert. The other three members had already agreed, but nonetheless the concert did not materialize. 1977- The Sacred Congregation for the Doctrine of Faith published an 18-page document ruling out the admission of women to the Roman Catholic priesthood because women lacked a "natural resemblance which must exist between Christ and his ministers."
    1978--- The Manhattans' "Am I Losing You" enters the soul charts
    1978-”Fantasy Island” premiered on TV. You knew you were a bona fide "star" in the '70s when you received a casting call from "Fantasy Island." Young and old stayed home on Saturday night to watch Mr. Roarke introduce guest stars anxious to live out their fantasies in camp splendor. Ricardo Montalban starred as our prescient guide, Mr. Roarke; with Hervé Villechaize as Tattoo; Wendy Schaal as Mr Roarke's goddaughter, Julie; and Christopher Hewett as Mr. Roarke's assistant, Lawrence. The show's run of 130 episodes, ending on Aug 18, 1984, was produced by Aaron Spelling and Leonard Goldberg. Who can forget Tattoo's opening lines each week, "De plane, de plane!"
    1980---Top Hits 
Rock with You - Michael Jackson 
Do that to Me One More Time - The Captain & Tennille 
Coward of the County - Kenny Rogers 
I'll Be Coming Back for More - T.G. Sheppard
    1983 - The surreal Videodrome, starring James Woods and Debbie Harry of Blondie fame, opened in United States theaters. 1984- Mr. Glynn Wolfe marries for non-bigamous record 26th time, Las Vegas NV. He died in 1997 after being married 29 times.
    1984 -Record 295,000 dominoes toppled, Fuerth, West Germany. This started a craze . The latest record occurred on December 31, 2000 i n an event held jointly by Japan's Tokyo Broadcasting System and China's Beijing Television, 3,407,535 dominoes were toppled in 31 min 2 sec at the Gymnasium of Yi Fang Yuan, Beijing, China.
    1985 - 45 of the top recording artists in the world were invited to an all-night recording session at Los Angeles, California's A&M studios. As each artist entered the studio door, they saw a hand-lettered sign, by Lionel Richie, saying, "Check your ego at the door." The session, conducted by producer Quincy Jones, started at 10 p.m., and by 8 a.m. the following morning, "USA for Africa", spearheaded by promoter Ken Kragen, was recorded and mixed. The resulting song, "We Are the World", featured Michael Jackson, Cyndi Lauper, Kenny Rogers, Dolly Parton, Sting, Harry Belafonte, Diana Ross, Paul Simon and others. It became the top song in the United States. A year later, the song won Grammy Awards for song, record and video of the year. Produced by Quincy Jones, "We Are the World" also included contributions from Bruce Springsteen, Stevie Wonder, Bob Dylan and Cyndi Lauper.   USA For Africa, the organization responsible for administering the money raised from sales of the single, album, video and other merchandise, said $61.8-million was eventually raised. About 7.2 million singles and albums were sold.
    1986- At 11:39 AM, EST, the Space Shuttle Challenger STS-51L exploded, 74 seconds into its flight and about 10 miles above the earth. Hundreds of millions around the world watched television replays of the horrifying event that killed seven people, destroyed the billion-dollar craft, suspended all shuttle flights and halted, at least temporarily, much of the US manned space flight program. Killed were teacher Christa McAuliffe (who was to have been the first ordinary citizen in space) and six crew members: Francis R. Scobee, Michael J. Smith, Judith A. Resnik, Ellison S. Onizuka, Ronald E. McNair and Gregory B. Jarvis.
    1987 - ABC-TV relocated reporter, Charles Gibson, to the co-anchor chair next to Joan Lunden for the start of another chapter of "Good Morning America" when host of 11 years, David Hartman.
    1987 - After 7 tempestuous years, Roger Mudd left NBC news. Previously, Mudd an icon at CBS news Mudd felt passed over when it was announced Dan Rather would replace Walter Cronkite as anchor of "The CBS Evening News". He went on to work at PBS, where he contributed to "The MacNeil Lehrer News Hour".
    1988---Top Hits 
The Way You Make Me Feel - Michael Jackson 
Need You Tonight - INXS 
Could've Been - Tiffany 
Where Do the Nights Go - Ronnie Milsap
    1989- the Bachman-Turner Overdrive lineup of guitarists Randy Bachman and Blair Thornton, bassist Fred Turner and drummer Robbie Bachman played together for the first time in 11 years at a reunion concert in a Vancouver nightclub. BTO was joined on stage by Paul Dean of Loverboy and Bryan Adams for BTO's 1974 hit "Taking Care of Business" and a rock 'n' roll oldies medley.
    1989 - Nome, AK, reported an all-time record low reading of 54 degrees below zero, and the temperature at Fairwell, AK dipped to 69 degrees below zero. Deadhorse AK reported a morning low of 49 degrees below zero, and with a wind chill reading of 114 degrees below zero. In the Lower Forty-eight States, a winter storm over Colorado produced up to 15 inches of snow around Denver.
    1990 - Strong and gusty winds prevailed across the northwestern U.S., and heavy snow continued over the mountains of Washington State and Oregon. In Idaho, Mullan received seven inches of snow, and winds gusted to 65 mph southeast of Burley. Heavy rain soaked coastal sections of western Oregon. Rainfall totals of 1.20 inches at Portland and 1.57 inches at Eugene were records for the date. Winds in Oregon gusting to 60 mph downed power lines in Umatilla County knocking out power to more than 13,000 homes, just prior to the kick-off of the "Super Bowl" game. 
    1990 -The San Francisco 49ers defeated the Denver Bronco, 55-10, to win Super Bowl XXIV. 49ers quarterback Joe Montana won the Super Bowl. Most valuable Player award for the third time. he completed 22 of 29 passes for 297 yards and five touchdowns, including three to wide receiver Jerry Rice. Tickets: $125.00.
    1993- MTV said it would not air "Big Boys Bickering" as part of its special "Paul McCartney Up Close." The US music video channel was upset with the profanity in the song, which McCartney's publicist said was a protest against governments' refusal to act together against global pollution. 
    1993- a mix-up at a Dallas CD manufacturer resulted in about 30 copies of the Dead Kennedy's album "Fresh Fruit for Rotting Vegetables" being mislabeled as a religious radio program called "Powerline." The Southern Baptist Radio- TV Commission had to call more than 12-hundred stations to warn them of the error. The Kennedy's album contained such lines as "God told me to skin you alive."
    1995 - TLC's "Creep" hit number one on the "Billboard" "Hot 100". The smash held down the top spot for four weeks : “So I creep yeah; Just keep it on the down low; Said nobody is supposed 2 know; So I creep yeah; 'Cause he doesn't know; What I do and no attention; Goes to show oh so I creep.”
    1996-- Diana Ross performs at the Superbowl XXX halftime show in Tempe, AZ.
    1996 –The Dallas Cowboys became the first franchise to win three Super Bowls in four seasons by defeating Pittsburgh in Super Bowl XXX (at Tempe): Dallas Cowboys 27, Pittsburgh Steelers 17. Most Valuable Player of the game: Dallas cornerback Larry Brown. Who's Larry Brown, you ask? He's the one who intercepted the two Neil O'Donnell passes that (1) stopped two Pittsburgh drives and (2) set up two Dallas touchdowns. Tickets: $250.00.
    2001 - Super Bowl XXXV (at Tampa Bay): Baltimore Ravens 34, New York Giants 7. “We feel we're the best defense to ever play the game,” boasted Ravens' defensive tackle Tony Siragusa. Arguably, the 2000 Ravens' defense ranks up there with the 1960's Fearsome Foursome of the Los Angeles Rams, Miami's 1972-1973 No-Name Defense, the 1974-1979 Pittsburgh Steelers' Steel Curtain, Dallas' Doomsday defense of the 1970s, the 1973-1976 Purple People Eaters in Minnesota and the 1985-1986 Chicago Bears. MVP: Ravens' linebacker Ray Lewis, who led a defense that intercepted four of NY quarterback Kerry Collins' passes, allowed only a punt-return touchdown (by the Giants' Ron Dixon) and held New York to 152 yards of offense. Tickets: $325.00 to $400.
    2001--- Instead of performing the US national anthem at Superbowl XXXV in Tampa Bay, FL, Ray Charles performs his version of "America The Beautiful." (The Backstreet Boys sing the actual anthem.)

Super bowl Champions This Date

    1990 San Francisco 49ers ( San Francisco 55, Denver 10 )
    1996 Dallas Cowboys  ( Dallas 27, Pittsburgh 17 )
    2001 Baltimore Ravens ( Baltimore 34, New York Giants 7 )




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