Editorial

Put a Clause Requiring Notification in Your Lease Contract

Leasing News believes it is time for all leasing companies to stand-up and become ethical when it comes to "Evergreen" and "Winter Green" clauses without notification to the lessee. Put a clause in your lease contract and require those who discount to you to have the same clause notifying the lessee formally at the 90 day mark that the lease contract will expire after the next 90 days. If you can compute the exact date, put that in the certified letter with return receipt.

Also note in your contract a termination fee of $50 to cover the procedure, including the certified mailing of a 90 day notice at the 90 day mark that the original term of the lease is coming due, requiring the lessee to signify their position to return the equipment, to purchase it, or determine its "fair market value" before the expiration of the original term. If this is not met, the lease then proceeds to either month-to-month or an automatic twelve months (choose in your contract to put one or the other.)

If you have a termination fee, then increase it, and perhaps also charge for a UCC-3 release, add another $50.00.

As important, require all those who discount or sell leases to you that the notification requirement be included in the lease contract they discount to your company.

 

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Position Wanted –Credit
Work Remotely or Relocate for Right Opportunity

Each Week Leasing News is pleased, as a service to its readership, to offer completely free ads placed by candidates for jobs in the industry.  These ads also can be accessed directly on the website at:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

Each ad is limited to (100) words and ads repeat for up to 6 months unless the candidate tells us to stop. Your submissions should be received here by the end of each week.

Please encourage friends and colleagues to take advantage of this service, including recent graduates and others interested in leasing and related careers. 

Will relocate for the right opportunity and can work remotely. I have (25+) years in making credit decisions, as well as helping sales team and third party originators close more transactions via understanding their applicant's financial abilities. I can create alternative or additional opportunities (and income) by knowing which type of loan is best for the borrower aaacorrespondent@gmail.com

Orlando, Florida As a Commercial Credit Analyst/Underwriter, I have evaluated transactions from sole proprietorships to listed companies, across a broad spectrum of industries, embracing a multitude of asset types. Sound understanding of balance sheet, income statement and cash flow dynamics which impact credit decisions. Strong appreciation for credit/asset risk.  rpsteiner21@aol.com  407 430-3917

 

 

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California SB 197 Back from Committee
Allows Unlicensed Finance Lender to
Do Business with Licensed Finance Lender

Passed Assembly Bill on Banking and Finance by 12 ayes, 0 Noyes.

"This bill would authorize a licensed finance lender to compensate an unlicensed person or company in connection with the referral of one or more prospective borrowers to the licensee for a commercial loan if certain requirements are met, including, but not limited to, met. These requirements would include that the referral leads to the consummation of a commercial loan, the loan contract provides for an annual percentage rate that does not exceed a specified certain percentage, and the licensed finance lender obtains documentation from the prospective borrower documenting the borrower’s commercial status, as specified, and that the licensee maintains records of compensation paid to an unlicensed person or company, as specified. The bill would also require a licensed finance lender who receives an application for a commercial loan from a prospective borrower who has been referred by an unlicensed person or company to provide a specified statement to the borrower regarding the referral arrangement."

http://leginfo.legislature.ca.gov/faces/billTextClient.xhtml;
jsessionid=c180e152d7a9260f0492062abb9d

 

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New Hires---Promotions in the Leasing Business
and Related Industries

Eric Alley was hired as Account Manager at LeaseTeam, Omaha, Nebraska. "Alley brings with him extensive experience providing client support in the areas of software implementation, training and product support. In this position, he will be responsible for managing existing account relationships, including creating and maintaining account strategies for new products and services, based on account growth plans and business needs. This position requires a high-level of understanding in regards to a customer’s specific business and strategic needs, and Eric’s background in those areas enables him to immediately continue to grow our current customer relationships,” said Bryan Hunt, director of sales at LeaseTeam.

David Bavol was hired as Senior Vice President, ATEL Capital; based out of Tampa/St. Petersburg/Sarasota, Florida. He previously was Vice President, Southeast Region, Kingsbridge Holdings, LLC, Tampa, Florida (May 2014–May 2015); Vice President, Fortran Group International, Inc. (July 1992–April 2014); Major Accounts, Danka Office Imaging (1988–1992); Sr. Account Manager, Boring Business Systems (1986-1988); Professional Water Skier, Cypress Gardens (1983– 1986). Associations: Funding Member for the National Association of Equipment Leasing Brokers, Tampa Technology Forum; Avila Golf and Country Club; Center Club (Tampa); Member of Saint Mary’s Men’s Club (Tampa, FL), Sponsor Member of Joshua House Kids Charity. Former Member of ELFA. Education: Oakland Community College, N/A, Business (1983–1984); Linden High School, High School Diploma (1979–1983). Activities and Societies: Football and Track
www.linkedin.com/pub/derrick-bavol/14/1b5/290 

Mike Borelli has been promoted to National Sales Manager for Patriot Capital Corporation, Atlanta, Georgia; based in Seminole, Florida. He joined the company the company, August, 2010, previously serving as Eastern Regional Manager, Petroleum Equipment Financing Specialist. "Borelli joined Patriot Capital after a 13-year stint at Master Lease/Tokai Financial Services/De Lage Landen, where he oversaw a $1 billion technology-financing portfolio for clients in a 26-state region. Borelli also helped bank leasing companies, including AEL Financial and Heartland, where he developed a wide variety of programs for a range of capital equipment industries." Education: University of South Florida (1978 – 1982).
https://www.linkedin.com/in/mikeborelli

Mark Bonanno was hired as Chief Finance Officer, Advantage Funding, Lake Success, New York. “(He)…assumes the position previously held by Al Damiani, who was named CEO of the company in December.. Prior to his appointment at Advantage Funding, Bonanno served as Finance Manager in the Corporate Initiatives Group at GE Capital, where he provided strategic and analytical support for projects ranging from process-improvement programs to strategic business plans for new business proposals. Before that, he was CFO for Xerox Capital Services, a joint venture of General Electric Capital and Xerox. In that capacity, Bonanno was responsible for all aspects of accounting, financial operations and strategic planning. Previously, he served as Operational Controller for GE Energy Financial Services, where he helped build the finance infrastructure to support the growth of new business. Bonanno is a graduate of the University of Massachusetts at Amherst, where he received his Bachelor of Business Administration degree. He is also licensed as a Certified Public Accountant in the state of New York.”

Leslie Conway was hired as Business Development Manager at Marlin Business Services Corp., Mount Laurel, New Jersey; based in Greater Chicago area. Previously, she was Tax Preparer, Butler Accounting & Tax (2009–Present); Regional Manager, Advantage Leasing Corporation (2005–June 2015); Sales Representative, Coronet Funding, (2001–2003). Sales Representative, Vanguard Financial, Old Kent Leasing (November 1988–June 1999).
College of DuPage, One Course, Accounting.
https://www.linkedin.com/pub/leslie-conway/4/a71/85a

Matthew DelGuidice was hired as Senior Vice President, Industrial Remarketing for as Tiger Group’s Remarketing Services Division; based in Chicago, Illinois. Previously, he was Vice President US Operations, Maynards Industries (March 2013–June 2015); Vice President of Auction Services North America, GoIndustry, DoveBid (June 2006–March 2013); Deal Finder, Independent Finder, (October 2005-May 2006); Director of Auction Services North America, DoveBid (January 2001–September 2005); Data Network Account Manager, Etecnologycorp, Inc. (January, 2000 – January, 2001); Account Executive, DSL.net (January, 1999 – January, 2000); Sales Executive, DSL.net (January, 1999 – January, 2000). Honors: Played Professional Hockey 9 years, played 2 years Boston Bruins ...and many stops in minor league and Europe ...Education: University of Maine, Bachelors, Business Administration, Marketing (1988 – 1990). Williston Northhampton
https://www.linkedin.com/pub/matthew-delguidice/19/266/a40

Eric Diedrich was hired as Regional Account Manager, LaSalle Solutions. Greater Minneapolis-St. Paul Area. Previously, he was Financing Client Executive – Channels, IBM Global Finance (July, 2014 – June, 2015); Healthcare Vendor Services, U.S. Bank Equipment Finance (January, 2014 – July, 2014); Healthcare Vendor Services, U.S. Bank Equipment Finance (January, 2014 – July, 2014); Manager, Sales & New Business Development, Creekridge Capital LLC (September, 2005 – January 2007); Manager, Sales & New Business Development, Creekridge Capital LLC (September, 2005 – January, 2007); Area Sales Manager, Meridian Leasing Corporation (July, 2001 – April, 2003)
https://www.linkedin.com/pub/eric-diedrich/1/949/b09 

Bruce Dressel was hired as Chief Operation Officer of Hertz Equipment Rental Corporation, Hertz Global Holdings, Estero, Florida. "As President and CEO of Sunbelt Rentals, he grew the company from 24 to 195 locations during his tenure there. Following Sunbelt, Mr. Dressel was Chief Sales Officer for ADS, a provider of industry-leading equipment and logistics support solutions to the Department of Defense and federal agencies. Since 2013, Mr. Dressel has been consulting within the equipment rental industry." He joined
ADS, Inc August, 2004, as Executive Vice President of Acquisitions, and was promoted to Chief Sales Officer (January, 2013 -November, 2013). Previously, he was President & CEO, Sunbelt Rentals (1996-2003); vice President, Mclean Rentals (January, 1980- December, 1996.)
https://www.linkedin.com/pub/bruce-dressel/27/399/a16

Chrystal-Lynn Essar was hired as Sales Assistant, National Leasing, Winnipeg, Manitoba, Canada. She joined the firm September, 2008 as Sales Coordinator.  Previously, she was Office Coordinator, Malnar Industries (March, 2008 - September, 2008). Certifications: Agile Project Management, lynda.com, License 743648, starting February 2015. Education: Murdoch Mackay Collegiate, Carpentry, Carpenter, 12 (1999 – 2002).

Joseph Hennigar was announced as Vice President at Ascentium Capital, Kingwood, Texas; based in Dover, New Hampshire. He started in the Finance Department at Direct Capital Corporation, promoted to Finance Manager, then Senior Finance Manager in June, 2013. Previously he was Account Receivable Specialist (2009-June, 2013); Vice President, Crestmark Bank (June, 2007 – December, 2008); BBO, Citizens Bank (2002-2005)
https://www.linkedin.com/in/josephhennigar

Ron Horner was hired as Senior Vice President and General Counsel at Wintrust Commercial Finance.  Previously, he was Vice President and Associate General Counsel, AIG Investments / AIG Commercial Asset Finance (February, 2007 – May, 2015); Vice President and Associate General Counsel, Citigroup Commercial Business Group / CitiCapital (April, 2003 – February, 2007); Partner, Kutak Rock (December, 1997 – April, 2003); Associate, Squire Sanders (November, 1996 – December, 1997); Partner, Thompson Coe (August, 1986 – August, 1995); Organizations: State Bar of Texas; State Bar of Arizona; American College of Investment Counsel; Board Certified, Commercial Real Estate Law (Texas Board of Legal Specialization). Education: Georgetown University Law Center, Master of Laws (Securities and Financial Regulation), with distinction (1996). Southern Methodist University Dedman School of Law, Juris Doctor (1986). Texas Christian University, M.J. Neeley School of Business, Bachelor of Business Administration (1983). Activities and Societies: Beta Gamma Sigma Business Honor Society; Dallas Society for the Advancement of Management Award; Dean's Honor Roll; Partial Academic Scholarship; Varsity Baseball Letterman; Student-Athlete Academic Achievement Award; Academic All-America Baseball Team (Honorable Mention); Lambda Chi Alpha Fraternity; Summer Intern , Senator Robert Dole; Summer Intern , Oklahoma Tax Commission
https://www.linkedin.com/pub/ron-horner/32/70/60b

Chris Rhodes was hired as Technology Finance Manager, Huntington National Bank; based in San Francisco Bay Area. Previously, National Account Manager, Macquarie Group (August, 2014 - April, 2015); Regional Manager, CHG-MERIDIAN (January, 2013 – August, 2014); Northern California and Pacific Northwest Finance Manager, Cisco Systems (August, 2010 – January, 2013); Regional Manager,Macquarie Group (September, 2008 – August, 2010); Regional Manager, CIT (June, 2004 – September, 2008); Regional Manager,
GATX (January, 1999 – June, 2004); Regional Sales Manager, EMC (June, 1994 – January, 1999); Vice President Sales, Computer Sales International, Inc (June, 1988 – June, 1994); Major Account Executive, Memorex Telex (January, 1981 – June, 1988).
https://www.linkedin.com/pub/chris-rhodes/46/350/367

 

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Leasing Industry Help Wanted

Senior Credit Analyst Choose Location Anaheim, CA, Tigard, OR, Federal Way, WA Middle Market Credits $500,000 to $5MM including Equipment Leases and Financings and Recourse and Non-recourse Lines of Credit -Five or More Years Credit Underwriting Exp. Some Relocation Provided click here for more information Financial Pacific Leasing - Commercial A subsidiary of Umpqua Bank

Documentation Anaheim, CA Financial Pacific Leasing’s Commercial team in Anaheim, CA is growing their Documentation/Funding group and looking for someone with an keen attention to detail and ready for the opportunity to work hard, learn and grow. Please click here for more information. www.finpac.com A subsidiary of Umpqua Bank

 

Finance Officer Fleet Financing Resources, LLC. is seeking candidates to join our team. 3 yrs. sales exp. in the equipment leasing & finance with pref. of titled transportation equipment Click here for more information www.FFResources.com Nationwide Leasing & Financing of Commercial Fleets

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

Leasing Conferences 2015
Save the Date 

 

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2015 Eastern Regional Meeting
September 11-12, 2015
Atlanta Marriott Marquis
Atlanta, GA

REGISTRATION
Registration information will be available in July 2015.

AGENDA
Program information will be available in June 2015.

TABLE TOP EXHIBITS
Showcase your products and/or services to current and prospective clients by purchasing a table top exhibit. Exhibit hours are Saturday, September 12 from 9:00 am to 12:00 pm. Table top exhibits are available for purchase at $595 and include registration for one attendee. Table top exhibits can be purchased using a credit card through the online system when it opens in July 2015.

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2015 Funding Symposium
10/7/2015 to 10/9/2015
Wed through Friday
J W Marriott Atlanta Buckhead Hotel
3300 Lenox Road Northeast
Atlanta, Georgia  30326
United States
Contact: Kim King 
KKing@NEFAssociation.org 
Phone: 847-380-5053

RSVP for this event:
http://nefassociation.site-ym.com/events/event_details.asp?id=594672&group=#

 

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2015 54th Annual Convention
10/25/2015 - 10/27/2015
JW Marriott Hill Country
San Antonio, TX

Early Bird Registration
Register by Monday, August 3, 2015
http://www.elfaonline.org/events/2015/AC/

Brochure with Schedule of Events
http://www.elfaonline.org/cvweb_elfa/cgi-bin/documentdll.dll/view?DOCUMENTNUM=1147

Keynote Speakers
http://www.elfaonline.org/events/2015/AC/spkrs.cfm

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The 2015 Fall Conference will be held at the Loews Don CeSar Hotel in St. Pete Beach, FL on November 4 through November 6, 2015. 

 

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2015 Western Regional Meeting
November 13-14, 2015
Doubletree by Hilton Anaheim - Orange County
Anaheim, CA

 

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CFA
71st Annual Convention
November 11 - 13, 2015
JW Marriott Austin
Austin, TX

More Information
http://cfa.connectedcommunity.org/convention/home

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EXPO NJ Super Regional
11/15/2015 to 11/16/2015
Sunday/Monday

Teaneck Marriott at Glenpointe
100 Frank Burr Blvd
Teaneck, New Jersey  07666
United States  

Contact:
 Kim King, NEFA Sr. Association Coordinator 
KKing@NEFAssociation.org 
 Phone: (847) 380-5053

 

(Please Click on Bulletin Board to learn more information)
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)

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

Free Chip Card Without Leasing Equipment
of Long Term Contract

Benefits of Using Chip Credit Card Technology:
1. Using a chip makes it nearly impossible to counterfeit stolen cards
2. The computer chip allows for 'one time use' transactions
3. Stolen chip data cannot be duplicated
4. Less risk of fraud
5. Liability shifts from the merchant to the card holder's Bank.

Electronic Transfer, Inc. offers retail payment services to Restaurants, Retail Stores, Mobile Vendors, Online Merchants and many other legal businesses. (Leasing News has learned this company sells nationwide. There may be other companies similar as the new changes may make outdated older machines on lease at very high rates and poor service, as noted in previous Leasing News stories. Editor)

SPOKANE, WASH –  – Electronic Transfer, Inc., a merchant services and Payment Gateway provider based in Spokane, Washington, now provides new Chip Credit Card Terminals to Retail Merchants... Their merchant account services do NOT require leasing credit card equipment, cancellation fees or long term contracts.

On October 1, 2015 the credit card brands new rules take effect that shift the liability for retail Counterfeit Card Liability Shift from card issuers to merchants if they do not have a certified "EMV Chip Card Reader" to process payments.

It needs to be noted that these new rules apply to Spokane retail merchant accounts where the card is physically present during checkout and does not apply to online, website or mail/phone order payments through a payment gateway.

EMV (Chip and Pin and/or Chip and signature in the U.S.) is basically a chip in the credit or debit card that replaces the magnetic strip on the back of the credit or debit card. With the old cards the merchant would swipe a card and the credit card terminal would read the data in the magnetic strip and process the card. With the new EMV requirements the credit card terminal, pin pad or ATM, will have to read the chip instead of the magnetic strip. Once the credit card terminal reads the chip the customer enters their 6 digit “Pin Code for ATM Transactions” or sign with their signature.

MasterCard defines the liability shift on Oct 1 this way: "The party, either the issuer or merchant, who does not support EMV, assumes liability for counterfeit card transactions". By issuer, the card companies do not mean themselves; the term refers instead to banks, credit unions, and any other financial institution issuing credit or debit cards. If the issuers can shift any of these costs on to a merchant that is not compliant you can be sure they will. 

Merchants must get new payment terminals installed by the Oct 1 deadline, or the retailer bears the responsibility if they accept a stolen card.

Retail merchants still using the less secure "magstripe credit card terminals" will be able to accept credit and debit cards after Oct 1, 2015 deadline. However, they will have no protection if they accept counterfeit credit cards or debit cards as a payment method. It's also possible they'll get monthly non-compliance fees of $20-$40 per month and possible surcharges of 1.5%-5.0% on top of whatever their normal transaction fees are.

Retailers and Restaurants don't need to worry though because they can upgrade to a new EMV Compliant credit card terminal or Chip Card Reader to avoid the surcharges.

If a merchant uses one of the following credit card terminals they should not have any issues meeting the Oct 1, 2015 deadline and accepting chip credit cards:

• Ingenico iSC 250 EMV NFC Terminal
• Hypercom/Equinox L5300
• Ingenico iWL250 Bluetooth
• Ingenico Terminals iCT 220
• Ingenico Terminals: iCT220 Dual Comm
• Ingenico Terminals iCT250 ( ICT250-01P1100F)
• Ingenico Terminals: iCT250 Dual Comm
• PAX S80 Dual Comm 16Mb (S80-EML0)
• PAX S80 Dual Comm 16Mb EMV NFC (S80-EML0)
• Ingenico Terminals iCT 220
• Ingenico Terminals: iCT220 Dual Comm

When Spokane merchants are searching for a new Chip Credit Card Reader they don't need to pay high prices for leased equipment, sign long term contracts or agree to early termination fees etc... They just need to find an honest Spokane credit card processing company who will sell the credit card terminals at a low onetime cost or maybe even offers a free chip card reader if you switch to their processing. Either way be very mindful when anyone asks you to sign a lease or long term contract for you to accept the new cards.

 

About Electronic Transfer, Inc.:

With a long time A+ BBB Rating ETI has been setting up Spokane Merchant Services and Credit Card Processing since 1989. ETI offers Wireless Credit Card Processing and Payment Gateway services with no long term contracts or equipment leasing required. Spokane Credit Card Processing approval is not guaranteed. From accepting credit cards on a website, in a restaurant or a retail store using Chip Cards to Apple Pay, NFC and Wi-Fi Credit Card Terminals ETI can easily manage all your Non Cash Transactions. This Spokane Payment Processing is only available to U.S. based merchants with a merchant account and/or payment gateway service.

 http://www.electronictransfer.com

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August 28-September 4 Jazz Cruise
Sailing Alaska with Jeff Rudin and Crew

Jeff Rudin, CEO, Quail Capital, promises a great cruise, great music, and invites Leasing News readers to join.

"The travel business is my wife’s passion and she does an amazing job. I help her with this annual group cruise. It’s a fun diversion of the leasing/finance grind. We are blessed with good friends that are world class musicians, not to mention my middle son is a professional musician."

Jeff Rudin
JeffR@quailcap.com
T: 818-843-8686 x 14

Top paid CFOs in the US banking industry, 2014
SNL Exclusive Report

by Rabia Arif

Steven Nell from Tulsa, Okla.-based BOK Financial Corp. joined Bank of America Corp.'s Bruce Thompson, JPMorgan Chase & Co.'s Marianne Lake and Citigroup Inc.'s John Gerspach in the list of highly paid CFOs for fiscal 2014, in the U.S. bank and thrift industry.

Nell's total compensation of approximately $8.2 million in 2014 was almost 6.6x his pay in 2013, which was around $1.3 million. According to the company's definitive proxy materials filed March 18, "By basing the executive incentive plan on peer bank comparison, the company avoids penalizing executives for general industry and economic downturns and encourages executives to produce the best possible results in good and bad economic times."

BOK Financial approved a long-term incentive plan — titled the True-Up Plan — in 2011, in efforts to address the "inequity" reflected in the officers' compensation, by restoring the company's named executives' compensation to levels comparable to that at the peer banks based on the comparative EPS performance from 2006 through 2013. Pursuant to the plan, the Tulsa, Okla.-based company paid a total of $56.1 million to its named executives during 2014, as the company's EPS growth ranked in the top 95% of the peer banks for purposes of calculating the aforementioned payments, according to the company filing.

Nell received about $4.5 million in cash under the plan, included in the nonequity incentive plan compensation along with a $66,000 annual incentive bonus, and $2.7 million in stocks, included in the $3.2 million in stock awards. Total payments made under the plan accounted for approximately 94% of the officer's total compensation for 2014. The company terminated the 2011 plan after the payments were calculated internally and audited by an independent third party in April 2014, the filing added.

BofA's Thompson takes the top spot among the highest paid CFOs of U.S. banks and thrifts with a total compensation of almost $11.6 million, an increase of 0.67% since 2013. Based on his performance for 2014, Thompson received a bonus of close to $4 million. The total compensation also includes stock awards of $6.7 million granted in 2014.

JPMorgan's Lake came second on the list of top paid CFOs with total compensation of $9.2 million, an increase of 11.2% over her compensation of $8.3 million for 2013. The total compensation includes a bonus of $3.7 million and approximately $4.7 million in restricted stock units.

Citigroup's Gerspach, CFO since 2009, earned a total compensation of approximately $8.0 million during 2014, a decrease of roughly 14% as compared to the total compensation for 2013, which comprised $2.8 million in bonus pay and approximately $4.2 million in performance share units and stock awards.

Stephen Crawford from McLean, Va.-based Capital One Financial Corp. ranked second among the highest paid CFOs for U.S. banks and thrifts with assets between $10 billion and $500 billion. Crawford's total compensation for 2013 of $12.5 million ranked him No. 1 among the top paid CFOs in the U.S. bank and thrift industry during the year 2013. For 2014, he ranked No. 5.

Crawford has served as Capital One's CFO since February 2013. His total compensation of about $8.0 million for 2014 was nearly 36% lower than his total compensation for 2013. The executive received $6 million in stock and option awards during 2014. According to preliminary proxy materials filed Feb. 27, the stock and option awards include stock options, performance shares, stock-settled restricted stock units and cash-settled restricted stock units granted in January 2014 for 2013 performance.

Michael Bell, CFO of Boston-based State Street Corp. since August 2013, received total compensation of almost $7.9 million for 2014. Bell's total compensation includes almost $5 million in deferred share awards and restricted stock units, and $1.5 million in nonequity incentive plan compensation, according to the company filing.

CFOs for banks with assets between $1 billion to $10 billion, David Spencer, High Point, N.C.-based BNC Bancorp's CFO, is at the top of the list with a total compensation of $3.1 million that includes $2.3 million in stock awards and $326,380 cash in performance units, under the long-term incentive plan approved by shareholders on May 21, 2013. The list also includes John Pollok, CFO of Columbia, S.C.-based South State Corp., with a total compensation of approximately $1.7 million, and Lee Gibson III, from Tyler, Texas-based Southside Bancshares Inc., with a total compensation of $1.5 million for 2014.

Kirk Emerich, CFO of West Bend, Wis.-based Westbury Bancorp Inc.; New Albany, Ind.-based Community Bank Shares of Indiana Inc.'s CFO Paul Chrisco; and Matthew Mullet, CFO of Mountlake Terrace, Wash.-based FS Bancorp Inc. are among the top paid CFOs of U.S. banks and thrifts with assets under $1 billion, with total compensation of $732,191, $690,200 and $658,909 respectively, for 2014.

The median CFO compensation for the year 2014 showed an increase of approximately 14% at $356,292 as compared to 2013. According to SNL analysis, the executive position has seen a steady growth in its median total compensations since 2010.

 

(Leasing News provides this ad as a trade for appraisals and equipment valuations provided by Ed Castagna)

Labrador Retriever Mix
Spokane, Washington  Adopt-a-Dog

Nala
Animal ID:  28184104

Breed: Retriever, Labrador/Mix
Age: 8 years 4 days
Sex: Female
Size: Medium
Color: Sable/White
Spayed
Declawed: No
Housetrained: Yes
Site:  Spokane Humane Society
Location: PetSmart
Intake Date: 6/21/2015
Adoption Price:    $75.00

These animals are available at
PetSmart
9950 N Newport Hwy
Spokane, WA 99218
(509) 466-4566

Spokane Humane Society
6607 N Havana St.
Spokane, WA 99217
(509) 467-5235

Reception/Animal Inquiries
(509) 467-5235 ext. 215

Internet Contact Form:
http://www.spokanehumanesociety.org/contact/

Adopt a Pet
http://www.adoptapet.com/

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Cat and Dog Posters and Art
Added to Cats n Dogs Recommendations

Dogs and Cats Posters at Barewalls
http://www.barewalls.com/posters-art-prints/cats-and-dogs_2.html

Full List: Cats n Dogs Recommendations
http://two.leasingnews.org/Recommendations/catsanddogs.htm

 

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Fernando's View
By Fernando F. Croce

A double-bill of dinosaurs ("Jurassic World") and animation ("Inside Out") signals the beginning of summer at the box-office, while new DVDs offer a pair of comedy-dramas ("While We're Young," "The Fisher King") as well as one of the year's finest releases ("Timbuktu").

In Theaters:

Jurassic World (Universal Pictures): More than two decades after Steven Spielberg introduced the world to amusement-park dinosaurs, the Jurassic doors are opened to the public once more in this special-effects blockbuster. Set in an isolated island where visitors can experience a thrill-ride full of real prehistoric beasties, the story focuses on a plan to boost attendance that inevitably goes awry. A genetically-mutated creature is to be unveiled as the park's new attraction, though the breed proves to be unpredictable and runs catastrophically amok. Can dino-trainer Owen (Chris Pratt) and operations manager Bryce Claire (Dallas Howard) contain this ferocious creation before danger infiltrates the outside world? Directed by Colin Trevorrow, the movie's exciting set-pieces should please fans of the tremendously successful franchise.

Inside Out (Walt Disney Studios): Pixar animators once again prove their originality by staging their first film in two years inside the mind of a young girl. Riley (voiced by Kaitlyn Dias) is a teenager coping with new territory when her dad brings the family from Minnesota to San Francisco. The main action, however, unfolds within her psyche, where various emotions help her navigate the crisis. There's Joy (Amy Poehler), Fear (Bill Hader), Disgust (Mindy Kaling), Anger (Louis Black), and Sadness (Phyllis Smith), all of them hilariously and poignantly bumping into each other in the private little cosmos that is the protagonist's headspace. Taking advantage of the unusual premise to create some of the studio's most visually enthralling creations, the movie (co-directed by "Up" veterans Pete Docter and Ronaldo Del Carmen) vibrantly explores our inner and outer worlds.

Netflix Tip: An icon of horror cinema, Christopher Lee (1922-2015) lent his formidable presence to more than a hundred titles. Check out some of his best roles in honor of this genre legend, which include "Horror of Dracula" (1958), "The Devil Rides Out" (1968), "The Wicker Man" (1973), "The Man with the Golden Gun" (1974), and "Lord of the Rings" (2001).

On DVD:

While We're Young (Lions Gate): Generational conflicts and artistic struggles are the subjects of the newest bittersweet comedy by Noah Baumbach ("Frances Ha"), who once again displays his gift for balancing humor and bitterness. The story focuses on Josh (Ben Stiller) and Cornelia (Naomi Watts), a married New York couple who find themselves scrambling to ward off the lulls of middle age. They begin to hang out with Jamie (Adam Driver) and Darby (Amanda Seyfried), two disarming twentysomethings who encourage them to get involved in more carefree, youthful activities. When Josh and Jamie begin collaborating on a documentary, however, the lines between friendship and pretense quickly begin to blur. Often resembling a vintage Woody Allen movie, Baumbach's portrait of aging hipsters is an engaging combo of laughter and neuroses.

The Fisher King (Criterion): Robin Williams was nominated for an Oscar for his performance in this unique 1991 comedy-drama, directed by Terry Gilliam ("Brazil"). Williams stars as Parry, a former professor turned homeless after the death of his wife, who has visions of medieval knights right out of Camelot legends. He's joined in the lower depths of New York by Jack (Jeff Bridges), whose fall from egotistical radio shock-jock to scrounging hanger-on teaches him about humility and the need for other people. With the help of his girlfriend Anne (Best Supporting Actress winner Mercedes Ruehl), Jack tries to get Parry together with the shy Lydia (Amanda Plummer), though dark secrets threaten to get in their way. Making strong use of Gilliam's gift for bursts of surreal imagery, the film is another reminder of Williams' talent for off-the-wall yet poignant characters.

Timbuktu (Cohen Media Group): Mauritanian filmmaker Abderrahmane Sissako crafts an extraordinary plea for compassion in this Oscar-nominated drama, set in the titular African region. The multi-character narrative centers on a cattle herder named Kidane (Ibrahim Ahmed), who leads a peaceful life in the sandy outskirts with his family. In the city, however, terror reigns as brutal Jihadists try to control the people by outlawing everything from music to soccer. The protagonist's life takes a sudden turn one day when a confrontation has tragic results, and the proud Kidane must go into the city to try to set things right. What follows is a remarkable view of quiet dignity in the face of violence, with the story modulating from gentle comedy to shattering tragedy. Brimming with eloquent style and powerful emotions, Sissako's film is a must-see. With subtitles.

 

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Syndicator—Classified Ad

Outsource Lease Syndications
Add a capital markets independent contractor and offer world-class syndications (buy and/or sell) capability for commission-based compensation. 30+ Years’ experience with major lessors (BofA, Chase, Fleet, Verizon).  Sales, underwriting, capital markets and executive background. Ivy League undergrad and MBA. Well known in industry.  Impeccable references.  dana@fairfieldcapital.net or
(203) 652-1387

 

Receivables Management LLC John Kenny • End of Lease Negotiations & Enforcement  • Third-Party Commercial Collections john@jkrmdirect.com | ph 315-866-1167 www.jkrmdirect.com

(Leasing News provides this ad as a trade for investigative
reporting provided by John Kenny)

News Briefs----

Mortgage rates rise as housing flourishes
  Rate for 30 Year fixed is 4.16%  15 year unchanged 3.35%
http://www.bankrate.com/finance/mortgages/mortgage-analysis-062515.aspx?ic_id=Top_Financial%20News%20Center_link_1

Consumer spending shows biggest jump since '09 after strong income gains
http://www.mercurynews.com/business/ci_28383313/consumer-spending-shows-biggest-jump-since-09-after

Millennials Outnumber Baby Boomers and Are Far More
Diverse, Census Bureau Reports
http://www.census.gov/newsroom/press-releases/2015/cb15-113.html

How U.S. Bank turned its sales model on its head
branch managers spend 40-50% their time outside the branch
http://fortune.com/2015/06/24/us-bank-customer-service-sales/

Like It or Not, It’s Time to Face Obamacare Advice from CFO.com
http://ww2.cfo.com/health-benefits/2015/06/like-not-time-face-obamacare/

An Advance May Double the Capabilities of Fiber Optics
http://www.nytimes.com/2015/06/26/science/faster-fiber-optic-transmissions-reported-by-researchers.html

Bordeaux Wine-Crime Ring Found Guilty
A French court sentenced 15 men for a daring scheme to rob elite châteaus and sell stolen wines
http://www.winespectator.com/webfeature/show/id/51765

Netflix will be watched more than all the major TV networks within a year, analysts say
http://www.businessinsider.com/netflix-will-have-larger-24-hour-audience-than-major-tv-networks-within-a-year-2015-6

Funding the Future of Your Company
 Survey Sr. Exec. between $25MM and $1B in revenues
http://www.cfo.com/research/index.cfm/displayresearch/14717190

Video Review: The McLaren 650S Spider Is a $280,000 Thrill Ride
http://www.nytimes.com/2015/06/26/automobiles/autoreviews/video-review-the-mclaren-650s-spider-is-a-280000-thrill-ride.html?ref=business

 

[headlines]
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--You May Have Missed It

To See if Your Vehicle Has A Recall
https://vinrcl.safercar.gov/vin/


[headlines]
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SparkPeople--Live Healthier and Longer

Top 10 Reasons to Drop 10
Motivation to Lose
http://www.sparkpeople.com/resource/wellness_articles.asp?id=528

[headlines]
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Baseball Poem

Baseball Poem

BOB SHEPARD
Bill Lattanzi

Transmigratory birds - 
Orioles, Jays, Cards - 
In town one day, gone the next.
Our cities connect by rail by bus by train
By plane, by wire and less.
We move.
Born in the burbs, 90 miles from your
Calm, Bob Shepard:
"Now batting. The Centerfielder. Mickey Mantle."
And you were old then. Doing your crosswords,
Looking up at just the right moment, never
Missing a line. Your P.A. voice sitting
kindly between the squawk of the Scooter and
the Ol' Redhead, wised up, seen it all.

We migrate and grow by rail and plane and
PF Flyer - running faster, jumping higher - 
Now we're minutes from Fenway, and 
Sox fans, too. Proof that peace is possible; 
It's all a game. And with my sons
We sit, ghost of my Dad and we and them and watch 
Rootless and rooted, rooting,
And listen for you, Bob Shepard,
87 I think you are, still there,
In between clever McCarver and professional Buck.
Look up, Bob. Look up.
"Number 2. The shortstop. Derek Jeter. Jeter."
The game goes on.

 

 

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Sports Briefs----

Lakers believe Russell is 'best player' in 2015 NBA draft
http://cnnphilippines.com/sports/2015/06/26/lakers-russell-second-pick-nba-draft.html

Kings owner Vivek Ranadive considers firing George Karl over potential trade of DeMarcus Cousins
http://espn.go.com/nba/story/_/id/13148737/sacramento-kings-owner-vivek-ranadive-considering-firing-coach-george-karl

Peyton Manning's touching gesture to family of child killed by drunk driver
http://ftw.usatoday.com/2015/06/peyton-manning-family-of-drunk-driver-autograph-note-denver-broncos-evansville-indiana-logan-brown

[headlines]
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California Nuts Briefs---

Google's newest self-driving cars cruising Silicon Valley roads
http://www.pressdemocrat.com/business/4118009-181/googles-newest-self-driving-cars-cruising

San Francisco-area employees make nearly 50 percent more than U.S. average
http://blog.sfgate.com/stew/2015/06/24/san-francisco-area-employees-make-nearly-50-percent-more-than-u-s-average/

[headlines]
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“Gimme that Wine”

http://www.youtube.com/watch?v=EJnQoi8DSE8

Wine direct shipper leases large new Napa warehouse for expansion
http://www.northbaybusinessjournal.com/northbay/napacounty/4108009-181/wine-direct-shipper-leases-large#Q42sOezxsj037oEi.99

Restaurants overprice wine because they know you have no idea
http://nypost.com/2015/06/23/the-real-reason-your-wine-costs-so-much-at-restaurants/

California's Awesome Alternative White Wines
http://www.winemag.com/August-2015/Californias-Awesome-Alternatives/

Washington on brink of federal drought declaration
http://www.capitalpress.com/Washington/20150622/washington-on-brink-of-federal-drought-declaration

Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm