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Archives, June 8, 2000
33 Leasing Companies Major Changes in the last Six Months:
American Business Leasing ( gone )
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Norma Brewer was named Director of Operations at Allegiant Partners, Inc., San Rafael, California. She joined the firm December, 2001. Previously she was an associate with CIBC World Markets (June, 1996-November, 2001). Borough of Manhattan Community College Accounting (1986 – 1987).
Seth Evenson has joined Telecom Lease Advisors as chief operating officer. Previously he was vice-president, senior relationship manager, Wells Fargo Bank, West Los Angeles (August, 2010-Present), vice-president, Wells Fargo Foothill (January, 2007-August, 2010) vice-president, Wireless Capital Partners (2002-2006).
"Seth helped pioneer this industry," said Jarred Saba, TLA chief executive officer. "He brings a wealth of experience, as well as a strong leadership style to assist in the growth of TLA. Our strategy remains to hire experienced individuals who will make an immediate impact on our organization...Telecom Lease Advisors is a financial services and telecom lease consulting firm that works with telecom lease or cell tower lease owners on lease acquisition, lease negotiation, and financial or real estate issues related to telecom leases. The company's principals have overseen the direct acquisition of over 1,000 such leases with individual real estate investors, businesses, non-profit organizations, and municipalities." Fairfield University (1994 – 1998) http://www.linkedin.com/pub/seth-evenson/0/742/933
Jonathan A. Lucas named President of CIT Trade Finance, New York City, effective July 2, 2012 following the retirement of current CIT Trade Finance President John F. Daly on June 29, 2012. Lucas will report directly to Nelson Chai, President of CIT Group Inc. CIT Trade Finance is a leading provider of factoring services in the United States for companies that sell into retail channels of distribution. It provides credit protection, accounts receivable management and asset-based lending to manufacturers and importers. Previously he was executive vice-president and chief sales officer, CIT Commercial Services. He joined the CIT Group in 1994. Previously he was svp, Fleet Bank (June, 1987-1994), vp, Chemical Bank (August, 1982-June, 1987) University of Pittsburgh - Joseph M. Katz Graduate School of Business MBA, Finance/Accounting (1981 – 1982) Muhlenberg College BA, Economics (1977 – 1981).
Cliff McKenzie, CLP, Allen, Texas (a northern suburb of Dallas) was appointed senior vice president of sales, Ascentium Capital, Kingwood, Texas. In 1988, he created and managed a captive finance organization, (Fujitsu Finance), for a subsidiary of one of the world’s largest manufacturers. President, FinancialLogic (September, 1992-Present). President-Epson Financial Services/FinancialLogic (1996-2010), president, Intermec Finance/FinancialLogic (1996-2006), president, Norand Finance (1992-1996), manager, special business program, Fujitsu Systems of America (1988-1992).The University of Dallas MBA (1980 – 1981),University of North Texas BA, Debate - Economics (1970 – 1974).Activities and Societies: Debater, Attorney General, Delta Sigma Phi officer, various boards. Member board of directors, Anthem Strong Families.
Joshua Patton named vice-president sales, Ascentium Capital, Kingwood, Texas (greater Detroit area). Previously he was regional sales manager, London Leasing (December, 2011-May, 2012), business development officer, Lease Corporation of America (July, 2007-December, 2011), business development officer, Lease Corporation of America (July, 2007-December, 2011), account executive, Lease Corporation of America (January, 2005-June, 2007), Account Executive, MedCap Leasing LLC (May, 20045-December, 2004). Oakland University Bachelor of Science, Marketing (2000 – 2004) Minor in Economics. Activities and Societies: Oakland University Baseball Team (2000 - 2004)
Mike Quimby hired as vice president of sales for PHH FirstFleet, the truck and equipment division of PHH Arval. Previously he was vice president sales and marketing, Ryder (September, 2006--Present), vice-president sales, GE Commercial Finance (May, 1997-September, 2006), general manager, Ryder (May, 1987-May, 1997). Six Sigman Certified.
Patricia Toro Reid has joined the law firm of Marks & Weinberg, P.C., Birmingham, Alabama. Previously she was managing director, leasing (RBC Bank (USA) (February, 2005-March, 2012), senior vice-president, AmSouth Bank (February, 1999-March, 2005), senior vice president, SouthTrust Bank (February, 1988-March, 1999) district sales manager CIT (January, 1980-Feburary, 1988). She has independence work in mediation, is a licensed attorney in the state of Alabama. Birmingham School of Law J. D., Law (2007 – 2010). University of Alabama B.S., Commerce and Business Admin.(1975 – 1979)
Robert Trojan named chief executive officer Commercial Finance Association, New York City. Previously he was principal advisor, TecPar Group (August, 2011-June, 2012), president & ceo, Financial services Insight (January, 2008-June, 2012), chief of staff/senior advisor to vice-chairman, The CIT Group (1988-2007). He is on the board of directors, American Financial Services Association Education Foundation (2006-Present) Washington University in St. Louis MBA, Finance, Engineering (1980 – 1985) "I hold the following degrees from Washington University, earned over a 5-year period: Bachelor of Science Degree in Computer Science, Bachelor of Science Degree in Electrical Engineering, and a Masters of Business Administration, majoring in Finance."
Loans Up! Beige June Report
"Most Districts that commented on lending noted steady or slightly stronger loan demand. Small and medium-sized banks in the New York District reported the most broad-based increase in loan demand since the mid-1990s. Several bankers in the Richmond District said the volume of small business loan applications was markedly higher. Drivers of business loan demand included energy, healthcare, and commercial real estate. Several Districts noted increased demand for capital spending loans."
"Bankers reporting on deposit growth indicated that deposits were steady or continued to increase. Credit quality remained solid, and there were several reports of improved loan quality. Most District banks said loan delinquencies continued to decline."
Top 50 US banks & thrifts by assets
SNL Financial's ranking of the largest 50 banks and thrifts by asset size saw many newcomers in the first quarter due to recently available data for holding companies previously regulated by the now defunct OTS.
On SNL's previous rankings, some thrifts had to be ranked at the subsidiary level, since banking data was only available for the units, but now most holding companies previously regulated by the OTS have to file the same reports as bank holding companies, Form Y-9Cs. The newly disclosed data has meant that some companies moved up in SNL's rankings, including San Francisco-based Charles Schwab Corp. entering at No. 19. Its subsidiary Charles Schwab Bank was ranked 26th in the previous list. San Antonio-based United Services Automobile Association ranked at No. 20, while its subsidiary USAA FSB was 31st in the previous list. New York-based Deutsche Bank Trust Corp. landed at No. 30, while Deutsche Bank Trust Co. Americas was No. 32 in the previous list. New York-based E*TRADE Financial Corp. at No. 33 retained the ranking previously held by its subsidiary E*TRADE Bank, and IMB HoldCo LLC, parent of OneWest Bank FSB, now files data, though it has moved down to 43 from 41.
Two brokerages are now ranked as "banks" in SNL's list as well, since they file Form Y-9Cs as part of their ownership of depository institutions: St. Louis-based Scottrade Financial Services Inc. at No. 48 and St. Petersburg, Fla.-based Raymond James Financial Inc. at No. 46. Raymond James' acquisition of Morgan Keegan & Co. Inc. led Raymond to enter the list at No. 46, based on its $19.3 billion in assets and the target's $2.8 billion in assets.
Among other changes in the top 18, HSBC North America Holdings Inc. and PNC Financial Services Group Inc. changed positions, with HSBC North America overtaking PNC Financial for eighth place, followed by TD Bank US Holding Co. and State Street Corp. swapping spots, with TD Bank moving to No. 10 and State Street moving to No. 11. The others held firm to the same spots as in the fourth quarter of 2011.
Bank of America Corp. and JPMorgan Chase & Co. remained as the only companies with more than $2 trillion in assets. SNL excludes holding companies with deposits totaling less than 25% of assets from the ranking, which means that some large firms regulated as bank holding companies, such as MetLife Inc., Goldman Sachs Group Inc. and Morgan Stanley, are not ranked.
First Horizon National Corp. sprang up two spots, to 42nd from 44th. Its assets rose from $24.79 billion to $25.68 billion in the first quarter. Northern Trust Corp. dropped to No. 22 from No. 19 as assets fell to $91.60 billion from $100.22 billion, and BancWest Corp. fell to No. 26 from No. 23, even after its asset size increased to $78.40 billion from $78.12 billion.
SNL's data is pro forma for pending M&A deals and transactions that have closed since March 31, 2012.
Mitsubishi UFJ Financial Group Inc. announced March 9 that it would acquire Pacific Capital Bancorp from an investor group led by Gerald Ford. UnionBanCal Corp.'s financials are a combination of its $92.3 billion in assets and Pacific Capital's $5.8 billion in assets as of March 31. Despite the deal announcement, UnionBanCal did not get any boost in its ranking and instead dropped to No. 21 from No. 20.
These sites are not only chosen because they have one of the best web pages but also have many regional views and other sites linked to them. Most leasing web sites have poor ratings or are not rated by Alexa (the lower the number, the higher on the list of being opened by viewers.)
Most leasing companies web sites do not appear in the Alexa regional rating, and even popular ones are over 500, the cut off point.
The change from the last two times ratings from Alexa have been taken show six of the five were down, but GreatAmerica rose back up and is now ahead of Five Point Capital.
One of the keys in achieving a higher rating is being interactive, rather than a static "brochure." Direct Capital has perhaps the best interactive, with Balboa Capital not far behind (active on Twitter and other social pages. Both have features and reach out to vendors and end users.)
A small company in McKinney, Texas is now on the list, but not included in the top five as leasing is only a small part of their business. It is an interesting site in the changing marketplace.
Please find some time to look at each of their web sites and admire the quality of why they have the most visits (Hint: More than likely, the more sites linking, the higher the readers as referred by these other sites---and when they are not referred much, the sites are deleted by Google and others, so you may stack the deck for a month, but only fooling yourself.).
Lower is Higher
Five Point Capital
Alexa, the Web Information Company
The Most Expensive Tickets in Sports
The Most Expensive Tickets in Major League Baseball
5. New York Mets
4. Chicago Cubs
3. New York Yankees
2. Toronto Blue Jays
1. Boston Red Sox
The Most Expensive Tickets in the National Basketball Association
5. Boston Celtics
4. Chicago Bulls
3. Miami Heat
2. New York Knicks
1. Los Angeles Lakers
Avg. ticket price: $169.80
The Most Expensive Tickets in the National Football League
5. Green Bay Packers
4. Dallas Cowboys
3. Chicago Bears
2. New York Giants
1. New England Patriots
The Most Expensive Tickets in the National Hockey League
5. Vancouver Canucks
4. Pittsburgh Penguins
3. Montreal Canadiens
2. Winnipeg Jets
1. Toronto Maple Leafs
(This ad is a “trade” for the writing of this column. Opinions
### Press Release ############################
United Capital Commits $100MM to Dunkin’ Donuts® Franchisees
HUNT VALLEY, MD – – United Capital Business Lending, a national business lender specializing in franchise finance, announced today that it provided $3,700,000 to Dunkin’ Donuts® owner, Velocity Brands Holdings, LLC. United Capital refinanced eight locations for the Florida based franchisee, and provided funds to acquire six existing Dunkin’ stores. United Capital also established a development line for Velocity Brands Holdings, LLC to build four new restaurants.
United Capital has committed $100 million to multi-unit Dunkin’ Donuts® franchisees over the next 12 months. Qualified Dunkin’ operators may borrow from United Capital to refinance debt, acquire existing Dunkin’ Donuts® restaurants, develop new locations or reimage stores. Financing for these needs is typically structured as fixed rate loans ranging from $500,000 to $10 million or more, with terms of up to 10 years.
“Dunkin’ Brands’ expansion plans provide franchisees with tremendous growth potential,” says Trey Grimm, vice president and business development officer for United Capital. “Our decision to increase available funding to Dunkin’ franchisees speaks to the strength of the brand and our commitment to its operators.”
United Capital Business Lending is a subsidiary of BankUnited (NYSE: BKU), the largest bank headquartered in Florida with over $12 billion in assets.
In addition to Dunkin’ Donuts®, the United Capital team has financed franchisees for SUBWAY®, Burger King®, Wendy’s®, Popeyes® and Buffalo Wild Wings® among others.
For information about financing for franchise acquisition, new restaurant development, remodeling or debt refinancing, call United Capital at 866-218-4793 or visit the company’s website at www.unitedcapitalbusinesslending.com.
#### Press Release #############################
(Leasing News provides this ad as a trade for investigations
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