Pictures from the Past---1997---Victor Harris

Victor Harris has practiced law since 1972. He has a litigation and transactional practice located at the Law Offices of Victor Harris in San Rafael, California.

Mr. Harris has focused on commercial finance for the last 19 years, including equipment leasing, asset-based lending, and secured transactions. His clients include financial institutions and equipment leasing companies (funders, lessors and brokers), and his representation extends to collection and defense litigation, workouts, transactional and other documentation matters, lender liability, and mixed collateral problems.

Today

He is at the same office as noted in this posting:
1050 Northgate Drive, Suite 360
San Rafael, CA 94903-2541
Phone: 415-479-8000
email: vhprodigy.net

University of California, Berkeley, B.S., summa cum laude, 1968
Law School, Harvard University, J.D., cum laude, 1972

Admitted: 1972, California; 1977, U.S. Supreme Court and U.S. District Court, Northern, Central, Eastern, and Southern Districts of California

Memberships: State Bar of California (Member, Business Law Section, Financial Institutions Committee); United Association of Equipment Leasing (Member, Board of Directors, 1996-1997, 2002-2007; Chairperson, Standards Committee, 1998-2001; Secretary-Treasurer, 2004; Vice President, 2005, President, 2006); National Equipment Finance Association (Member, Legal Committee, 2009-).

Full Biography:
http://www.martindale.com/Victor-Harris/256200-lawyer.htm

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Classified Ads---Operations

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

Dallas/Fort Worth or Will Work Remotely Active CLP/BPB Leasing Superstar! Unmatched work ethic and positive energy - strong attention to detail - have taken transactions from application through funding.  Have worked as both broker & funder.  Problem solver - strong sales and customer service personality.  I keep the deals moving and alive!  Will relocate for the right opportunity.   laura.noblin@gmail.com

Want To Work From Home:  Have 10+ years in readying Lease Origination Documentation, Litigation case mgmt., Collection, Repossession, Remarketing, complete Discovery and Interrogatories, attend Trials and Mediation, prepare and submit SAR’s, translate for Spanish speaking customers, clients and employees, monitor high risk accounts for monetary penalties, bankruptcy management. Email: BRFR@ATT.NET

Willing to relocate Having successfully held senior level operations and sales & marketing positions in the receivable management industry, I'm a hybrid who understands business from both perspectives. I have almost twenty-five (25) years’ experience selling services to Fortune 500 companies and operating large, nationally licensed call centers / collection agencies. dannyczyrny@gmail.com - Resume

Free Posting for those seeking employment in Leasing:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm

All “free” categories “job wanted” ads:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

 

Kevin M. Collins, CLP, Passes away

Long time reader Tom Nars reports his friend of many years has passed away. He was Senior Business Development Manager, Marlin Business Services Corp. , joining the firm July, 2012. Prior he was Business Development Officer (Healthcare), TCF Equipment Finance (July, 2011–July, 2012); Founder & Networking Leader - Helping others succeed!, Professional Leadership Group (August, 2007–October, 2011); Trusted Advisor/Vendor Financing Sales - Medical Devices, Software, & IT, Wynn Consulting (September, 2009–July, 2011); National Account Manager - Enterprise Sales/Strategic Accounts (Vendor), FirstCorp (IFC Credit purchased the company) (October,2003–July 2009); President/Owner, Wynn Consulting (December, 2001–October, 2003); Dir/Enterprise Channel Sales & Strategic Accounts, Bombardier Capital (August, 1998–August, 2001); National Sales Manager - Vendor Financing, GE Capital (August 1997–July 1998); Organization: Certified Leasing Professional Foundation (2004-present). Education: Education: Lake Forest Graduate School of Management, Executive MBA (honors), Business (1991–1993); Bowling Green State University,

BSBA, Marketing. Honors & Awards

- "Top Gun Award" (8 times) for annual top volume/profit performance. 
- "Presidents Club" (11 times) for annual sales or sales management volume performance
- "Salesperson of the quarter" (6 times),
- Completed S.P.I.N. (SPIN) Sales Training Course
- Completed GE executive courses: Six Sigma Quality Training, Credit Underwriting and Analysis, and Accelerating Leadership Performance.
- Active volunteer participant: Barrington Youth Programs, CareerPlace (Sales and Motivation Training), Uncork Barrington.

“I am active within my community as a volunteer, I split my available time between CareerPlace (a non-profit job search organization), Uncork Barrington (a non-profit organization that provides support to local charities), PADS for the homeless and my church. As a consultant within the industry I have been published in the CLP Foundation Periodicals and DotMed News. I founded two of my own organizations - KMR Investment Group Ltd & Professional Leadership Group (Executive Networking)”

www.linkedin.com/in/kevincollinsclp

 

Obituary

Kevin M. Collins, CLP, born June 14, 1957, in Chicago, Illinois, passed away peacefully March 22, 2014, surrounded by his loving family. Kevin is survived by his fiancé, Celeste Minella; children, Nicole and Ryan Collins; father, Robert Collins; siblings, Robert (Mary) Collins, Daniel (late Tamera) Collins, Therese (Kevin) Kramer, Mary (Robert) Coleman and Brian (Heather) Collins. He was preceded in death by his mother, Mary Collins. In Memory and in Celebration of Kevin Collins, who made this world a brighter and better place, visitation will be held from 6pm until the time of the memorial mass at 8pm Tuesday, March 25 at St. Anne Catholic Church, 120 N. Ela Street (corner of Franklin and Ela Streets), Barrington. Interment will be private. In lieu of flowers memorial donations in Kevin's name may be made to JourneyCare Foundation, 405 Lake Zurich Road, Barrington, IL 60010. Condolences may be sent to the family at www.davenportfamily.com. Call 847-381-3411 for information. - See more at:
http://www.legacy.com/obituaries/dailyherald/
obituary.aspx?pid=170342435#sthash.Enx1jGKc.dpuf

 

 

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New Hires---Promotions

Tara Aasand hired as Account Manager at LeaseTeam, Inc., Omaha, Nebraska. Previously, she was in Business Development, Great American Insurance Group (March 2002–March 2014); Banking, Wells Fargo Bank (January 1999–March 2002). Licensed P&C Agent. Organizations: Executive Committee/ Board Member, National Equipment Finance Association (January 2011–Present).
www.linkedin.com/pub/tara-aasand/5/709/162

(Note: See her at the NEFA Summit Conference, Scottsdale, Arizona, April 2-4 http://nefassociation.site-ym.com/events/event_details.asp?id=383559

William Douglas named Head and Managing Director of CIT Corporate Finance, Healthcare. He previously served as Underwriting Manager for the Group where he was responsible for overseeing the transaction underwriting function, joining CIT January, 2009. Previously he was Director - Citigroup Special Situations, Citi (2005–2008), where “ (He) focused on middle market leverage lending and junior debt, covering multiple industries with responsibilities including origination, underwriting, and portfolio management. From 2000-2005, he worked in the Business Finance Group, providing senior debt financing to companies located throughout the U.S. (leverage finance, asset based and investment grade). In 2006, he joined Citi Special Situations, a multi-strategy principal investment group, to help launch the fund’s middle market junior debt strategy providing capital solutions including unitranche, second lien, mezzanine and equity co-investments. Douglass began his career with SouthTrust Bank. He received a BA in Managerial Economics from Hampden-Sydney College.”
www.linkedin.com/pub/william-douglass/28/54/107

Zack Miller promoted to Associate Operations Coordinator, First American Equipment Finance, Rochester, New York. He joined the firm December, 2012 as a sales support intern. Previously, he was Cashier TBB Stores Inc. (February 2011–August 2012). He continues as a Finance Teacher Assistant, St. John Fisher College (September 2012–Present). Education: attended Saint John Fisher College and Jamestown Community College. Saint John Fisher College Bachelor of Science (B.S.), Corporate Finance, 3.9 (2012–2014 (expected))
www.linkedin.com/in/zackmiller1

Chris Mitchell named Regional Vice President at Hitachi Business Finance; based in Atlanta, Georgia. “(He) will concentrate his efforts on attracting new clients in the Southeast region, including Georgia, North and South Carolina, Florida, and Alabama.” Previously he was Senior Vice President. Gibraltar Business Capital, LLC (March 2012–December 2013); Regional Sales Manager, Greenfield Commercial Credit (August 2010–March 2012); Region Director, Dominion Business Finance (2006–2008); Region Manager-VP, First Capital Corp. (1996–2005). Education: Auburn University, BS Finance, Finance (1983–1988), Activities and Societies: Financial Management Association Sigma Nu Fraternity. Organizations: Commercial Finance Association, National Funding Association, Turnaround Management Association,ACG
www.linkedin.com/pub/chris-mitchell/10/4ba/5

Jenna Rogers named marketing manager, Channel Partners Business Development Team, Maple Grove, Minnesota. Previously she was Gallery Director, The Event Gallery (January, 2013). Founder/President, Noah's Memorial SIDS Foundation (January 2011–Present); Product Manager, MOSQUITO Inc. (August 2009–March 2011); National Account Executive, JLA Home (2008–August 2009); Strategic Sales Specialist, Henkel Corporation (December 2005–March 2008); Senior Product Coordinator, Target Corporation (October 2003–November 2005). Education: University of Minnesota-Duluth BA, Communications and Professional Writing (1999–2003).
www.linkedin.com/pub/jenna-rogers/6/31a/935

Guy Schaefer named Vice President, Regional Sales Manager, equipment finance division of Triumph Commercial Finance, a member of the Triumph Bancorp, Inc. group, “As Vice President, Regional Sales Manager, Guy Schaefer will be responsible for equipment finance origination in the Upper Midwest. Prior to joining Triumph, he served as District Manager at Equify Financial where he was responsible for new business development in the construction, energy and transportation segment covering several Midwestern states. Previously, he served as Managing Member for Northpoint Partners and as Senior Sales Manager, Senior Vice President at GE Capital Solution. Mr. Schaefer also spent 7 years at CitiCapital Corporation and 16 years at Associates Commercial Corporation. He received a Bachelor of Business Administration in Finance from University of Wisconsin.”

Michael (Micky) Urquhart will be promoted to President and CEO of People's Capital and Leasing Corp. (PCLC) , a subsidiary of People's United Bank, Bridgeport, Connecticut, on March 31, 2014, following the retirement of Vincent Cianciolo, who led the company since 1997. He presently is senior vice-president; joining the bank October, 1997. Previously he was President, Maine Line Capital LLC (January 1995–September 1997); Vice President, Phoenixcor (June 1992–December 1994); CPA, audit manager, Phoenixcor, Inc., Coopers & Lybrand Consulting (January 1981–September 1987). Education: Penn State University, Bachelor of Science, Accounting (1977–1981).
www.linkedin.com/pub/michael-micky-urquhart/24/54b/6a3

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Leasing Industry Help Wanted

 

Credit Manager Fort Collins, Colorado Responsible for the daily management of the underwriting efforts in the credit department on transactions up to $75,000 Click here for more informationn www.pawneeleasing.com -Est. 1982, specializing in the under $75,000 marketplace to smaller, closely-held businesses--

 

 

Help Wanted Classified Ads Cost $595 four HTML lines (note, a space is counted as a line) $40 for each additional line or space The classified ad will appear for 21 days. The idea is to attract an applicant to learn more, either to click to a full description on your web site or to a full job description attachment (free, no charge). All "Help Wanted" ads go into the "Help Wanted" classified ad section, which appears in each news edition, and is well read. The ad will also appear on the web site for those who go directly to the web site section. A "Help Wanted" ad appears at the top of the headlines in each edition in a chronological basis with other help wanted ads. The position cannot be purchased. The ad also continues to appear in the classified ad section in the news edition as well as the web site in addition to appearing above the headlines. If there is only one help wanted ad, a display ad may be utilized in the rotation basis as this position, meaning the one help wanted ad is not going to be on top in every edition. Contact kitmenkin@leasingnews.org for more information or to help word a classified ad. Leasing News reserves the right to refuse advertising, particularly to a company that has appeared in the complaint bulletin board

 

 

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Selling the Local Angle Will Get Tougher
as Online Banking Grows
By Divya Lulla and Ken McCarthy

A SNL Financial Exclusive

Community banks, in many cases, are serving markets that are not yet totally comfortable operating in the online space, but during the next 10 years that is likely to change in a big way.

There will be dramatic changes to the way people buy financial products in the next decade, Jim Adkins, founder and managing member of bank consultancy Artisan Advisors, told SNL. And it will pose a huge competitive issue for community banks that have yet to fully embrace technology. "Right now, they are going to get a pass," he said. "Right now, you can skate, you can look the other way and it won't affect you in a big way." But Adkins said the pace of change is ever-increasing, and banks need to get their cost structures in line to be able to compete with online retailers.

Today, the choice for customers concerned only with rate on many retail products is a no-brainer. For example, the national average that U.S. savings and commercial banks pay for a $1,000 regular savings product is 0.13% interest, while Ally Bank is offering 0.87% and Capital One Bank (USA) NA is offering 0.75%, according to SNL data. In terms of a one-year, $10,000 CD, Ally is offering 0.99% interest and Nationwide Bank is paying 0.91%. By comparison, the average commercial and savings bank is paying 0.37%.

There is a certain portion of the market that will gravitate to online, and it will be very difficult for a traditional community bank to capture those customers, Michael Jamesson, head of bank consulting firm Jamesson Associates, told SNL. He said community banks need to understand that retail has become difficult to serve in a cost-effective manner. For online banks, the costs are marginal compared to community banks with brick-and-mortar buildings staffed by employees. But Jamesson said community banks can effectively compete by leveraging up the fact that they are local, and by zeroing in on the businesses and commercial customers that do want relationships. "Typically, a small business borrower is going to look for a banker that is going to be there when things get tough," he said. "They've all gone through the cycle, and anybody can get a loan when everything is great."

Jamesson said business owners want a bank that knows their business and understands that they will come out of downturns. He said if banks can leverage that factor and gain commercial and small business loans, they might be able to turn those customers and their employees into retail customers too. "I think that's the approach community banks have to use," he said. "The 'build it and they will come' branch approach … I don't see how that can work in the digital age."

Scotia, N.Y.-based First National Bank of Scotia President John Buhrmaster told SNL he agrees that being local gives community banks an advantage versus online banks. No matter how customers access their accounts, problems invariably arise, he said. And being able to call a bank down the street instead of a 1-800 number gives community banks a big advantage over their online counterparts. "Community banks are going to compete as long as they have the products and services the customers want," he said. "The real competitive edge comes from the service that we provide."

Adkins, for one, is not so sure. He said that playing up the local angle will not cut it with the younger generations and called it a "long-term, losing strategy." Adkins said he has a son in college that has probably never been in a bank branch. He said that is not unusual among the younger generation. Even the ability to have someone close by when problems arise is not a big deal to those customers, he said. "They don't care. They're so comfortable dealing with issues online," he said.

Jamesson, from the bank consulting firm, said technology is undoubtedly changing the battlefield, but it is important for people to be able to talk to other people when problems arise and when they want their needs met. So bank branches, in some form, will continue to dot the landscape for at least the next 10 years to 15 years. "I think there's still going to be a need for that interaction, not on the routine stuff, but when something pops out of the box," Jamesson said. But he said the days of 5,000-square-foot branches housing seven tellers "have got to go." Community banks must evolve sort of like the airlines have in terms of pushing customers into self-service with basic transactions while trying to leverage relationships and problem solving with qualified customer service representatives, he said.

Big banks are always going to have the advantage of multiple delivery channels and geographic reach, and, on top of that, community banks have to compete with a variety of competitors including online banks and new options such as PayPal. "There's a whole mess of competitors out there that community banks are going to have to, in some fashion, come up with a counter to," he said. Jamesson said online is no more of a threat than credit unions or a financial service provider like Wal-Mart. "It's not really a bilateral battle, it's a multilateral battle against many competitors in the marketplace," he said.

First National Bank of Scotia's Buhrmaster said community banks are onboard with online products and most now offer it in some form. And he said those offerings are not only targeted for the younger generation. First National Bank of Scotia has "snowbird" clients — New Yorkers who spend the winters in warmer places such as Florida or Arizona — who are heavy users of the bank's online services.

Adkins, from Artisan Advisors, agreed that almost all banks have a website and some online presence, but many have yet to invest in things like mobile payments and are "far from prepared" for the possibility that customers could leave for nontraditional platforms. "A lot of them aren't even recognizing it, but the smart ones are," he said.

Adkins said that as the younger generation becomes more prominent, the community banking model will have to change. "It will have to define personal customer service as something other than coming in and sitting down," he said.

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Fed Capital Requirement Results Provide 'Huge' Surprises

SNL Financial Exclusive

By Ken McCarthy and Salman Aleem Khan

Results of the latest Comprehensive Capital Analysis and Review took some industry observers by surprise, as the Federal Reserve objected to five of the 30 participants' plans, and approved another two banks only after they resubmitted.

The Fed objected to Zions Bancorp's capital plan on quantitative grounds, noting that the company would not meet the minimum, post-stress Tier 1 common ratio of 5%. Other than Citigroup Inc., all of the banks that were rejected because of qualitative concerns were going through the CCAR exam for the first time, and all were subsidiaries of foreign companies. Those banks were HSBC North America Holdings Inc., RBS Citizens Financial Group Inc. and Santander Holdings USA Inc.

Erik Oja, a bank equity analyst with S&P Capital IQ, told SNL Financial that Citi facing an objection and Bank of America Corp. receiving a nonobjection were "huge" surprises.

Oja said that Citi, which also faced rejection during a previous CCAR exam, was clearly hurt by the $400 million loss it recently uncovered at a subsidiary in Mexico. "That was a matter of concern, but I didn't think that Citigroup had enough other concerns that it would lead to a rejection," he said.

The Fed attributed its objection to Citi's capital plan to "significantly heightened supervisory expectations" for the largest and most complex bank holding companies. "While Citigroup has made considerable progress in improving its general risk-management and control practices over the past several years, its 2014 capital plan reflected a number of deficiencies in its capital planning practices, including in some areas that had been previously identified by supervisors as requiring attention, but for which there was not sufficient improvement," the regulator stated.

Bank of America and Goldman Sachs Group Inc. met minimum capital requirements after submitting adjusted capital actions, the Fed said. Before adjusting its capital plans, BofA fell below the minimum on two fronts — Tier 1 risk-based capital ratio and Tier 1 leverage ratio — according to the Fed's report, while Goldman's Tier 1 leverage ratio fell short before the company adjusted its submission. 

Oja was not surprised that four of the 12 banks going through the exam for the first time were rejected. He said the fact that only one of the 18 banks that had gone through the test previously was turned down was in line with expectations.

Federal Reserve Governor Daniel Tarullo said the banking sector each year has shown "broad improvement" in assessing its capital needs under stress. "However, both the firms and supervisors have more work to do as we continue to raise expectations for the quality of risk management in the nation's largest banks," he said in a press release announcing the results.

Analysts thought qualitative assessments could bring the biggest surprises in the 2014 test after BB&T Corp.'s rejection in 2013 on qualitative issues. In a March 26 research report, Sandler O'Neill & Partners LP analysts Jeffery Harte and Brad Milsaps said they had few concerns from a quantitative standpoint, but noted that every CCAR exam seems to bring a few instances where it appears certain banks will pass "with flying colors" and then fail to have their capital plans approved. "From the outside, it is difficult to understand why these flukes occur, but there seem to be one or two every year," the analysts wrote.

Thomas Rudkin, an investment banker and principal at FIG Partners LLC, noted that all the CCAR newcomers are sophisticated banks, and said it was safe to assume they would be well-prepared for the test. "Everybody had another year to figure out how to do this correctly and be prepared for it," he told SNL ahead of the results March 26. As banks pass the exam year after year, investor confidence in those banks builds. "The investment community is already used to the idea that most of the banks are going to pass," he said.

FBR Capital Markets analyst Bob Ramsey told SNL that for Huntington Bancshares Inc. and KeyCorp, results were mostly as expected with a modest increase in dividend as well as share repurchase authorization, but nothing that moves the needle on his estimates or outlook for the stocks. The Fed also approved M&T Bank Corp.'s plan, and as the company is still in "capital build mode" it likely requested little if anything more than maintaining the current dividend, Ramsey said. 

In the bigger picture, Ramsey said it is no surprise that most companies passed, while a few companies were made an example of. "For those that passed, this is really a no-news-is-good-news story," he said. "Given the DFAST results, it made sense for Zions' plan not to be approved, but the qualitative concerns at four large banks were more newsworthy."

The results released March 26 came less than one week after the March 20 release of the Dodd-Frank Act stress test results. The so-called DFAST results showed the majority of the industry's biggest banks could withstand another steep recession, showing that all of the participants except Zions would have ample capital to survive exceptionally poor economic conditions.

 

 

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“Newspapers” Online

At one time there was a surge of local newspapers going on line.

To learn about them, Leasing News started a list and posted them for readers. It was an early feature, before Patch and Topix got started. Many of them disappeared or were taken over by a larger newspaper as community printed newspapers started to disappear.

The key was not just local news, which in some spots was enough to attract readers, but the lack of local community ads. It appears the national companies were not interested or set-up to deal with the local on line media---especially when it was difficult to prove actual readership or response enough to attract national advertisers, especially their advertising agencies.

Recently Leasing News up-dated the list. If you have a favorite on line newspaper not on the list, please send url address to
kitmenkin@leasingnews.org

Online Newspapers

Albuquerque, Arizona

Auburn, California

Beijing, China

Boca Raton, Florida

Bodega Bay West County, California

Bolinas, California

Boulder, Colorado

Bridgeport, Connecticut

Canada

Carmel, California

Cedar Rapids, Iowa

Central Minnesota—News Herald

Charleston, West Virginia

Chester, Pennsylvania

Chicago, Illinois

Chino Hills, California

Cleveland, Ohio

Columbus, Ohio

Crystal Lake, Ill

Dallas

Denver, Colorado

Derby, Kansas

Des Moines, Iowa

Drudge Report

Elko, Nevada

Eugene, Oregon

Florida

Fort Bragg, California

Georgia Newspaper

Grand Rapids, Michigan

Green Bay, Wisconsin

Happy News

Helena, Montana

Henderson, North Carolina

Houston, Texas Community Newspapers  extended community map of newspapers on line  Houston, Texas

Huntsville, Texas

Indianapolis, Indiana

Jefferson City, Missouri

Ketchikan, Alaska

Kauai, Hawaii

Kingwood, Texas

Lake County, California

Lancaster, PA

Las Vegas, Nevada

Livermore, California

Long Island, New York

Martinez, California

Maui, Hawaii

Marin County, California

Marina del Rey, California

Maysville, Kentucky

Milwaukee, Wisconsin

Minnesapolis Bridgeport News

Mississippi Business Journal

Missoula Independent

Missoula Independent, Montana

Monterey County, California

Morris, Illinois

Nashville, Tennessee

National

New West—Voice of the Rocky Mountains

New York City

Newport Beach, Costa Mesa, California

Newark, California

Northern Arizona Verde Independent

Orange County, California

Overland Park, Kansas

Pacific Grove, California

Phoenix, Arizona

The Paper Boy

Peace Corp

Phoenix, Arizona

Portland, Oregon

Portsmouth, New Hampshire

Poughkeepsie, New York

Rapid City, South Dakota

Richmond, Indiana

Russian Newspaper

San Diego, California

San Francisco, CA - Examiner

San Jose, California San Jose, California

Santa Barbara, CA  Santa Barbara Independent

Santa Fe Times, New Mexico

Santa Rosa, California

Seattle, Washington

Sports

Stars and Stripes

Technology News

Terre Haute, Indiana

The West, US

Tucson, Arizona

Vero Beach, California

Wasilla, Alaska

War Reports

Waterbury, Connecticut

Woodlands, Texas

Your community News

 

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Leasing Conference Late Registration News

 

March 31-April 2
National Vehicle Leasing Association
Annual Conference
Westin La Paloma Resort
Tucson, Arizona

Event Schedule
http://www.nvla.org/images/scheduler.gif

Registration
https://www.nvla.org/register.php

Register on line preferred, or at the Conference, if last minute

"This year's program has a day and a half packed with sessions for Consumer and Fleet Lessors to grow their business and includes a full day of sessions for Lease Here Pay Here (LHPH). The LHPH track presents the critical information a dealer needs to evaluate and enter the LHPH business. 

"I have found events such as these to be invaluable. My company has reaped the benefits of the networking and relationships made at the 2013 NVLA conference. The McMahon Automotive Group, smartly re-branded, committed to social media as an active, integral part of our marketing efforts, and re-vamped how we qualify personnel for our frontline positions. The results of the conversations and relationships developed from the 2013 conference resulted in adding to our business in many ways as well as the bottom line. 

"I strongly urge those in the vehicle leasing industry to attend
the 2014 NVLA Conference."
P.J. McMahon, CVLE
National Vehicle Leasing Association, President

April 2-4
National Equipment Finance Association
2014 National Equipment Finance Summit
Scottsdale Resort & Conference Center
Scottsdale, Arizona

NEFA registration “on line” until March 31
Registration available at conference

Exhibitors
AXIS Capital
Banc Of California
Blue Chip Leasing Corporation
Boston Financial & Equity Services
Bryn Mawr Funding
Business Credit Reports
Channel Partners, LLC
CLP Foundation
Collateral Specialists, Inc.
Dakota Financial, LLC
ECS Financial Services, Inc
Financial Pacific Leasing, LLC
Fora Financial
Great American Insurance
Leasepath
LeaseTeam, Inc.
Nassau Asset Management
NCMIC
Orange Commercial Credit
Pawnee Leasing Corporation
River Capital Finance
RLC Funding
RTR Services, Inc.
TURBO-Lease
Quiktrak, Inc

To Make an Appointment with Exhibitors:
http://nefassociation.site-ym.com/?2014SummitExhibitors

Full Information:
http://nefassociation.site-ym.com/events/event_details.asp?id=383559

Women in Leasing Luncheon, Wednesday April 2, 2014.
To be included in more details or to RSVP please contact Marci Slagle @ mslagle@varilease.com OR Katie Rorick @ krorick@varilease.com

 

AUTOMOTIVE ANNUAL CONFERENCE
April 14, 2014 I 7:00 AM – 5:00 PM I
Grand Hyatt New York, NYC

CONFERENCE SCHEDULE
- April 13, 2014: Networking Reception from 5:00 – 6:00 PM
- April 14, 2014: Sessions from 7:00 AM – 5:00 PM

SPEAKERS & SESSIONS
http://www.arnonline.org/aac_agenda

KEYNOTE SPEAKER
Robert Hollenshead, Founder and President, R. Hollenshead Auto Sales, 
BuyBook Technologies, and Universal Condition Report

REGISTRATION [40 Seats Remaining]
http://www.arnonline.org/aac_registration

Register by Telephone at 800.803.0274

ATTENDEES
- 45% dealerships managers and principals
- 15% auto finance professionals
- 15% auto leasing professionals
- 25% vehicle remarketers

CONTACT
Automotive Resource Network (ARN)
P: 800.803.0274
E: hanan@arnonline.org
www.arnonline.org 

WEEK SCHEDULE
April 14: ARN Automotive Annual Conference
April 15: Auto Forum
April 16: New York Auto Show Preview Day
April 17: New York Auto Show Preview Day

April 23 - 25
2014 National Funding Conference
Chicago, IL

Schedule
https://www.elfaonline.org/cvweb_elfa/cgi-bin/eventsdll.dll/EventInfo?sessionaltcd=FUND2014

Pricing:
https://www.elfaonline.org/cvweb_elfa/cgi-bin/eventsdll.dll/EventInfo?sessionaltcd=FUND2014

Brochure:
http://www.leasingnews.org/PDF/AprilELFAConference2014.pdf

May 1 - 3
National Association of Equipment
Leasing Brokers 
2014 Annual Meeting
Caribe Royale Hotel
Orlando, FL

Annual Conference Exhibitors

360 Equipment Finance
Allegiant Partners, Inc.
Amerimerchant
Amerisource Funding
Axis Capital
Banc of California, N.A.
Bankers Capital
Channel Partners LLC
Financial Pacific Leasing LLC
First Federal Leasing
instaCover
Leasepath
Leasing Solutions LLC
Maxim Commercial Capital LLC
NCMIC Finance Corporation
NFS Leasing
On Deck
Orange Commercial Credit
Paradigm Equipment Finance
Pawnee Leasing Coporation
Preferred Business Solutions
RLC Funding
Team Funding Solutions

Type	Member Rate	Non-Member Rate
Broker	$475	$575
Broker Additional	$425	$525
Funder/Associate	$625	$725
Funder/Associate Additional	$575	$675

NAELB has negotiated a special group rate of $139/night for single/double or $159/night for king deluxe, from Wednesday, April 30 - Saturday, May 3.
https://aws.passkey.com/event/10434951/owner/186/home

Information:
http://www.naelb.org/NAELB/Events/2014_Annual_Conference.aspx

May 7 - 9
Association of Government Leasing and Finance 
AGL&F/ELFA Public Sector Finance Forum
Washington, DC

Information:
http://www.aglf.org/events/aglfelfa-public-sector-finance-forum

Hotel Reservation:
http://www.doubletreemagmile.com/

 

September 4-6
2014 Eastern Regional Meeting
Lord Baltimore Hotel
Baltimore, MD

September 10-12
Canadian Finance and Leasing Association
The Fairmont Chateau Whistler
Whistler, British Columbia

September 18-20
San Antonio Texas
To Be Announced

October 19-21
2014 53rd Annual Convention
Manchester Grand Hyatt
San Diego, CA

November 5-7
34th Annual AGLF Fall Conference
Loews Ventana Canyon
Tucson, Arizona

November 6 - 8
2014 Western Regional Meeting
Hyatt Regency Irvine
Irvine, CA

November 12 - 14
Commercial Finance Association
70th Annual Convention
Washington Marriott Wardman Park
Washington, D.C.

 

November 16 -17
NJ Expo Regional
Teaneck, New Jersey
(Sunday evening- All Day Monday)

CFA Related Conferences
http://www.leasingnews.org/PDF/CFAConferences_2014.pdf

CFA Network Calendar
http://www.leasingnews.org/PDF/CFAEventsCalendar_2014.pdf

ELFA ---2014 Schedule of Conferences, Workshops
and e-Learning Opportunities
http://www.leasingnews.org/PDF/ELFA2014ScheduleInfo_1212014.pdf

 

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Order Roses Now

(Double Delight)

While the weather is quite mixed across the country, it is the season right now to buy bare root roses. They usually are better growers, easy to plant, and soon only potted roses will be available.

One of the best roses I have grown in quite some time is "Firefighter" from Edmunds Roses, an exclusive. It is not only a beautiful red color, but extremely fragrant, quite prolific, especially for a young plant, and tall growing, meaning is not only a garden rose but for cutting, too. While Mr. Lincoln is a longtime favorite, "Firefighter" is more hardy, more prolific, and in this climate, more fragrant.

To learn more about “Firefighter,” please go here:
http://www.edmundsroses.com/dp.asp?pID=23708

Some of my favorite multi-color roses are Joseph’s Coat, a landscaping rose, as well as the changing color of Gold Medal. If you like lavender, “Heirloom” has the best aroma, in my opinion. I look more for fragrance in choosing a rose than its color, although the ones I recommend here are gorgeous, too, and very good growers.

Kit Menkin

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

Element Completes Additional US $118 million
Funding of Trinity Railcar Leases--$2 Billion is Goal

Element expects to provide lease financing for up to US $2 billion
worth of railcars over a two year period

Toronto, Canada – Element Financial Corporation (TSX:EFN) (“Element” or the “Company”), one of North America’s leading equipment finance companies, announced that it has closed its third railcar lease portfolio with the purchase of a further US $118 million worth of leased railcars from Dallas-based Trinity Industries, the leading railcar manufacturer in North America.

Since December of last year, Element has funded a total of US$619 million of leased railcars as part of a vendor finance program with Trinity Industries under which Element expects to provide lease financing for up to US$2 billion worth of railcars over a two year period.

Including the current transaction, Element’s current US$619 million leased railcar portfolio is consistent with the diversification criteria established by Element further to the vendor finance agreement it entered into with Trinity last December and aligns the portfolio with similar investment-grade rated railcar lease portfolios funded last year in the asset-backed security market.

About Element Financial Corporation

With total assets in excess of $4 billion, Element Financial Corporation is one of North America’s leading equipment finance companies. Element operates across North America in five verticals of the equipment finance market – Commercial Finance, Vendor Finance, Aviation Finance, Railcar Finance and Fleet Management.

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

Labrador Retriever Mix
Chicago, Illinois Adopt-a-Dog

 

Emmitt

Breed: Retriever, Labrador/Mix
Age: 1 year 3 months 12 days
Sex: Male
Size: Large
Color: Golden
Neutered
Adoption Price: $250.00

“Emmitt is one of those dogs you see in movies or on TV. He is super social, a real people pleaser and always brings a smile to your face. He rocks play group and loves playing with his canine buddies. Although he arrived not too long ago from a shelter in Indiana, we already know he is a Medium-energy guy with a puppy personality.

“He would love a family with a huge yard to run around in and some human companions to love him! Emmitt is living in one of our awesome foster homes. Here's a note from the family: Emmitt is doing very well - our dog has adjusted to having him around and they play together often.

“He is gentle and very sweet. He loves meeting people and other dogs on our walks, and he is a great walker as well. Also, our friends that have two young kids came over last night and Emmitt was extremely calm and gentle with the kids. He is a big snuggler and loves to cuddle with us or our other dog on the couch.

“If you are interested in adopting Emmitt, please submit an application on our website at www.chicagocaninerescue.org. His adoption fee of $250 covers the vaccines we can provide prior to adoption, neuter surgery, a microchip, and 30 days free pet insurance. If you love adventure and exercise, Emmitt is the dog for you!”

Chicago Canine Rescue
5272 N. Elston Ave.
Chicago, IL 60630
Phone: 773.697.8848
Fax: 312.803.2030

ADOPTION HOURS
Monday: 5pm – 7pm
Tuesday: 5pm – 7pm
Wednesday: 5pm – 7pm
Thursday: 5pm – 7pm
Friday: 5pm – 7pm
Saturday: 12pm – 5pm
Sunday: 12pm – 5pm
email form:
http://www.chicagocaninerescue.com/contact/

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

Fernando's View
By Fernando F. Croc

A ribald comedy ("Bad Words") and an enjoyable documentary ("Jodorowsky's Dune") come to theaters, while DVD releases offer an Oscar winner ("12 Years a Slave"), sumptuous action ("The Grandmaster"), and a ripping remake ("Oldboy").

In Theaters:

Bad Words (Focus Features): After years of deft comic support in TV and movies, Jason Bateman tries his hand at directing with promising results in this ribald comedy. Bateman also stars as Guy Trilby, a 40-year-old man who, after discovering a loophole in the national spelling bee's rule book, starts crashing every single competition. As he wrecks havoc and takes home prizes, he becomes the archenemy of angry parents, irritated organizers, and eager kids. What lies behind Guy's obsession with winning awards at a children's contest? With his 10-year-old friend and competitor Chaitanya (Rohan Chand) by his side, he takes his ruthless approach all the way to the top. Serving up a banquet of sarcastic humor seasoned with bits of sly sweetness, Bateman's film is an entertainingly tart break from cinematic politeness.

Jodorowsky's Dune (Sony Pictures Classics): "Dune," the legendary science-fiction novel by Frank Herbert, has always eluded the movie screen. Though it was made into a critically panned movie in 1984 by David Lynch, the truly great adaptation is the one that never actually got made, and the subject of this very enjoyable documentary. In the 1970s, experimental filmmaker Alejandro Jodorowsky set out to bring Herbert's vision to the screen, with a vast array of visual ideas and a cast that included Mick Jagger and Salvador Dali. A budget for this colossal a project was clearly out of reach, but, although the movie never materialized, Jodorowsky recounts his imaginative process in a series of engagingly eccentric interviews. Bringing this unique director's sketches and notes to life, Frank Pavich's film is a marvelous glimpse into an exhuberant artistic mind.

Netflix Tip: Netflix Tip: An endearingly lunatic presence in the new documentary "Jodorowsky's Dune," Chilean avant-garde filmmaker Alejandro Jodorowsky is a whirlwind of overflowing imagination. So check out Netflix for his work, and discover some of the most crazily unique films ever made: "El Topo" (1970), "The Holy Mountain" (1973), and "Santa Sangre" (1989).

On DVD:

12 Years a Slave (Fox): Director Steve McQueen and actor Chitewel Ejiofor won universal critical acclaim for this harrowing story of slavery in 19th-century America, adapted from Solomon Northup's 1853 biography. Ejiofor stars as Solomon, a free New York man who is tricked and sold as a slave in the Antebellum South. Working from one farm to another, he experiences a vast array of cruel behavior while always hoping to escape and get back to his family. Along the way he works for men both humane (Benedict Cumberbatch) and vicious (Michael Fassbender), meeting servants who have either adapted for survival (Alfre Woodard) or been punished terribly for their rebellion (Lupita Nyong'o). Paul Dano, Paul Giamatti and Brad Pitt also tar in this sometimes hard to watch but important Best Picture Oscar winner, which sheds brutal light on a shameful part of history.

The Grandmaster (Anchor Bay): Better known for his gorgeous romances, the great Chinese director Wong Kar Wai here tries his hand at action with thrilling results. The story chronicles Ip Man (Tony Leung Chiu Wai), the martial-arts specialist better known for teaching Bruce Lee, as he drifts through Chinese history starting with the turbulent 1930s. As he tests his own talents, loses his fortune and home following the Sino-Japanese War, and attempts to start a martial-arts school in Hong Kong, Ip Man becomes a fascinating distant relative to the director’s other obsessive romantics, above all in his relationship with lovely rival Gong Er (Ziyi Zhang). Combining exhilarating beauty with heartbreaking emotion, is a spellbinding portrait of a man’s artistic pursuit that also works as a rousing action extravaganza. With subtitles.

Oldboy (Sony): Best known for his urgent social tracts ("Do the Right Thing," "Malcolm X"), director Spike Lee deftly switches to commercial genre cinema with this rousing thriller. A remake of the acclaimed Korean 2003 movie of the same name, the plot is a twisty, nightmarish maze in which Joe Doucett (Josh Brolin) finds himself, kidnapped and kept prisoner for years with no explanation. Released just as suddenly and mysteriously, Joe becomes obsessed with piecing together a revenge plan against those who wronged him. For that, he befriends a young woman named Marie (Elizabeth Olsen) and crosses paths with a shadowy manipulator known as Chaney (a gleefully over-the-top turn by Samuel L. Jackson). To give away more would be spoiling the wicked surprises in Lee's fast-paced, brutally fun film.

 

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Collector / Collections / Consultant / Communications

Collector: Atlanta, GA Asset Recovery Specialist. We get your money or we get your > equipment back for you. Physical Asset Recovery Experts! E-mail: mcrouse911@joimail.com	Collector: Cleveland, OH  Huntley Capital & Associates is your solution to late payments, no payments, and asset recovery. Call 216-337-7075.  Email: ghpatey@msn.com
Collections: Dallas, Texas Contingency Fee basis. Receivables Outsourcing. We are a fully bonded nationwide licensed agency. We collect for nationally known banks and leasing companies.  800-886-8088.	Collector: Los Angeles, CA Expert skiptracers covering Southern California. We locate skips, judgment debtors and collateral. When you can't get the job done in house, give us a call at 1-800-778-0794. E-mail: ceo@interagencyLA.com
Collector: Louisville, KY We are a full service collection agency with attorney network. 21 years experience. Please call Jon Floyd, VP at 1-800-264-6850  email: jfloyd@collectcsg.com	Collector: Louisville, KY  Euler Hermes/UMA 92 year old Global Receivables Outsourcing. Presence in 143 Countries. Work w/ 4 out of 5 Fortune 500 firms. Contingency Fee Structure. 20% off first time clients.! Andrew.Newton@eulerhermes.com 1-800-237-9386 x 205.
Collector: Mandeville, MI International commercial collection services all fees are on contingency on line access. E-mail: rmelerine@collect-now.com  www.drspay.com www.collect-now.com	Collector: Milwaukee, WI  We specialize in ATM machine reposession and remarketing. We can get you top dollar for your inventory. E-mail: bdperry1@yahoo.com
Collector: Nationwide End of lease negotiations & enforcement. Third-party collections. Skip-tracing. Background checks. Credit & asset investigations. 15+ years in leasing industry. Providing services to clients nationwide. 800-824-0234 johnkenny2@verizon.net	Collector: Saint Louis, MO Complete commercial collection agency. Licensed bonded in all states and will out performed any other agency! Call 1-800-659-7199 ext.315 E-mail:  jfloyd@lindquistandtrudeau.com
Consultant: Nationwide 25 yrs. experience: Creating/Refining Business Plans to raise capital· Credit Underwriting support/policy/procedure development · Operations Support/policy/procedure development. Call: 610-246-2178, McCarthy Financial, LLC, David.mccarthy@mccarthy-financial.com	Consultant: Burlington, CT We provide our clients with a full range of consulting services such as portfolio conversions, reconciliation, custom programming and leasing operations utilizing InfoLease.  Email: info@new-millennium-assoc.com
	Consultant: Henderson, NV Focus on new business development and process efficiencies to create incremental revenue and profitability. Executive level vendor experience, and satisfied outsourcing clients. Incredible track record. E-mail: rbutzek@cox.net
Consultant: Sausalito, CA Lease trainer and consultant. 38 years in equipment leasing. Expert in transaction analysis, financial statement analysis, credit, packaging, structuring. Presents highly popular classes and workshops. E-mail:BoTei@aol.com	Consultant: North of Detroit, MI  INFOLEASE EXPERT - 18 years experience. Since being downsized in 2002, working as a consultant for several leasing companies. Seeking consulting projects nationwide.  E-mail: darwint@prodigy.net
	Communications:Chassell, MI Cartoons on business, finance & computers. Use for your presentations, website, newletter, direct mail projects etc. Fees are negotiable.  Email: dan@danscartoons.com  Go to http://www.danscartoons.com

 

John Kenny Receivables Management • End of Lease Negotiations & Enforcement  • Fraud Investigations • Credit Investigations • Asset Searches  • Skip-tracing • Third-party Commercial Collections john@jkrmdirect.com | ph 315-866-1167| www.jkrmdirect.com

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

 

News Briefs----

Huntington Bank Named One of Nation's Best Business and Commercial Banks
http://online.wsj.com/article/PR-CO-20140327-905206.html

Signature Bank Appoints Three Private Client Banking Teams
http://online.wsj.com/article/PR-CO-20140327-913426.html

Businesses Deposit $1 Billion through Wells Fargo Mobile App
http://www.marketwatch.com/story/businesses-deposit-1-billion-through-wells-fargo-mobile-app-2014-03-27?reflink=MW_news_stmp

Mortgage rates rise in overreaction to Fed
http://www.bankrate.com/finance/mortgages/mortgage-analysis.aspx?ic_id=Top_Financial%20News%20Center_link_1

Cole Taylor Bank Accused Aiding $50 million Ponzi Scheme
http://www.courthousenews.com/2014/03/27/66518.htm

Amazon Plans Free Streaming Media Service
http://online.wsj.com/news/articles/SB100014240
52702304688104579465690663213198?mod=Tech_newsreel_2

Facebook drones announced
http://nypost.com/2014/03/27/facebook-drones-lasers-to-bring-internet-everywhere/

Russo’s and Whole Foods delivery debuts in Metrowest, via Instacart
http://betaboston.com/news/2014/03/27/russos-whole-foods-delivery-debuts-in-metrowest-via-instacart/

 

(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)

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--You May Have Missed It

Pitfalls of Reverse Mortgages May Pass to Borrower’s Heirs
http://dealbook.nytimes.com/2014/03/26/pitfalls-of-reverse-mortgages-may-pass-to-borrowers-heirs/

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SparkPeople--Live Healthier and Longer

Spark Tracker
http://www.sparkactivitytracker.com/?r=startpage

[headlines]
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Spring Poem

Spring Vow 

    by Larissa Shmailo

We will love like dogwood.
Kiss like cranes.
Die like moths.
I promise.

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Sports Briefs----

Tigers reportedly sign Cabrera to 8-year, $248M extension
http://www.crainsdetroit.com/article/20140327/NEWS/140329861/tigers-reportedly-sign-cabrera-to-8-year-248m-extension

Why Peyton Manning Had To Be Talked Into Getting Salary Bigger Than Brady's
http://www.thepostgame.com/blog/dish/201403/how-broncos-quarterback-peyton-mannings-modesty-cost-him-millions-salary

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California Nuts Briefs---

Calif. state Sen. Yee's future a tangle of questions
http://www.sfgate.com/crime/article/Calif-state-Sen-Yee-s-future-a-tangle-of-5355551.php

San Francisco nears top for job growth
http://www.sfgate.com/business/article/San-Francisco-nears-top-for-job-growth-5351501.php#photo-1227737

California moving millions of salmon via trucks away from drought-hit areas
http://www.upi.com/Business_News/2014/03/26/California-moving-millions-of-salmon-via-trucks-away-from-drought-hit-areas/72913

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“Gimme that Wine”

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

California Vineyards Ahead of Schedule
http://www.winesandvines.com/template.cfm?
section=news&content=130149

Lake County 2013 Winegrape Harvest Record Figures Buck the State Trend
http://www.lakecountywinegrape.org/lcwc/lake-county-2013-winegrape-harvest-record-figures-buck-the-state-trend/

Vintner Hall of Fame Miljenko "Mike" Grgich Partners with the James Beard Foundation
http://www.winebusiness.com/news/?go=getArticle&dataid=130202

People News Recap from 3/18 - 3/24
http://www.winebusiness.com/news/?go=getArticle&dataid=130046

Where Now For Crimean Wine?
http://www.wine-searcher.com/m/2014/03/where-now-for-crimean-wine-

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/

Winery Atlas
http://www.carterhouse.com/atlas/\

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