Position Wanted – Asset Management
Will 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.

Asset Management

5 time Presidents Club Franchise Player with 20+ years in Logistics, Collections, Technology Pricing/Appraisal ( NAPA) Certified, Portfolio Appraisal Inventory receivable proficient, Management Control System Developer & Specialist. Proactive communications & Equipment Dealer Specialist for Healthcare/Printing/Office Equipment & Industrial portfolios. Specialist in ALL Inventory receivable channels. Daniel.Delpriora@gmail.com

 

 

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Top Stories: February 27 - March 3
(Opened Most by Readers)

 

(1) Attorney Joe Bonanno "Discharged" by NAELB Board
          at Tumultuous Wednesday Meeting
http://leasingnews.org/archives/Feb2017/02_27.htm#naelb

(2) No Longer taking Broker/Discounting Business
           plus Leasing Companies Out of Business
http://leasingnews.org/archives/Mar2017/03_01.htm#no

(3) Austun Tavis Passes Away
   Credit Manager, Channel Partners
http://leasingnews.org/archives/Mar2017/03_01.htm#travis

(4) New Hires---Promotions in the Leasing Business
          and Related Industries
http://leasingnews.org/archives/Mar2017/03_03.htm#hires

(5)  Sales Makes It Happen by Jim Acee
        Vendor Leasing Sales reps
7 tips to keep the competition from stealing your top dealers
http://leasingnews.org/archives/Mar2017/03_01.htm#vendor

(6) PayNet Reports US Small Business Borrowing Fell 13%
      in January, Lowest Level in More than a Year
http://leasingnews.org/archives/Mar2017/03_03.htm#paynet

(7) SunTrust: Feds Possible Fraud Charge/ Hits
   investment unit in Surprise Raids
http://www.ajc.com/business/suntrust-federal-agency-may-hit-its-investment-unit-with-fraud-charge/HBnrmN7JoiN8d3pzujzDAJ/

(8) Leasing #102 by Mr. Terry Winders, CLFP
   Reasons to Lease - Cash Flow
http://leasingnews.org/archives/Feb2017/02_27.htm#reasons

(9) Leasing News The List  -  January, 2017
          The Good, the Bank, and the Ugly
http://leasingnews.org/archives/Feb2017/02_27.htm#list_jan17

(10) Industry Vet Explains Why This NEFA Conference Important
   "From Successful Broker to a Whole New Level"
http://leasingnews.org/archives/Mar2017/03_03.htm#industry 

 

 

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Ten Year Lease Police Anniversary - New General Manager
John Kenny

March 7, 2007, Leasing News announced:

Bernie Boettigheimer starts Lease Police

"LeasePolice.com is owned by Lease Police, Inc - a Dallas, Texas based company. Lease Police, Inc is not owned or operated by any leasing company, and all data is independently administered by individuals not aligned with any leasing or finance company. The LeasePolice.com database and software is housed in a "safe-site environment that is staffed by security personnel and monitored 24 hours per day. Lease Police's President, Bernard Boettigheimer, is twenty four year industry veteran." (1)

John Kenny was appointed General Manager of Lease Police to run Day-to-Day operations. He will continue his company "Receivables Management, LLC." (2) In 1997, John set out on his own and started Receivables Management. Since that time, he has worked with Brokers and Funding Sources as a Credit Manager, Consultant and Independent Contractor.

Bernie Boettigheimer noted that throughout his career John has worked diligently to minimize fraud in the Leasing Industry. He was a natural choice to be appointed as General Manager of LeasePolice.com.

John Kenny
johnkenny2@verizon.net
Lease Police
PO Box 331
Mohawk, NY 13407
315-866-1167

(1) Bernie Boettigheimer starts Lease Police
http://www.leasingnews.org/archives/March%202007/03-05-07.htm#police

(2) Receivables Management
http://www.jkrmdirect.com/about.html

 

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

Leasing Industry Ads---Help Wanted
Join a Company Utilizing Latest Advantages of Financial Technology

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Continental Bank Sued by Broker
for Theft of Trade Secrets
by Tom McCurnin
Leasing News Legal Editor

Software Based Credit Scoring Model Was Allegedly Stolen and Use

American Leasing Corporation dba American Leasing and FinancialCompany v Continental Bank CV 00183 (D. Ore. 2017)

Here’s a perplexing case that raises more questions for me than answers, but it’s just in the complaint stage now, so perhaps something else will get explained once the case gets going.

American Leasing Corporation dba American Leasing and Financial, Portland, Oregon, is a super-broker that brokers and self-funds small to medium ticket equipment leases. American, as is the case with many super-brokers, uses a credit scoring system which it developed to suit the marketplace where their leases were funded. This is a proprietary software based program which presumably integrates the vendor, the equipment, the industry, the borrower and the guarantor. The software takes various components of each and scores the components, ending up with a single score for the deal. These scoring models aren’t necessarily as automated as one might believe, but instead form a part of the underwriting process. 

When I was working directly for some super-brokers, these scoring models were custom made, often at great expense, and could effectively eliminate a couple of underwriters, if properly managed. So these programs are valuable and a closely guarded secret.

American Leasing Corporation dba American Leasing and Financial entered into merger talks with Continental Bank, Salt Lake City, Utah, a small tier 1 regional bank in Utah, with 31 full time employees, according to the FDIC. As part of the due diligence process, a non-disclosure agreement was signed and the dance began. According the complaint, the scoring model was a big deal for American Leasing Corporation dba American Leasing and Financial and could be responsible for much of its value. The software was apparently turned over to Continental to play with in 2016. So far, so good.

But in 2016, the merger talks ended abruptly when Continental offered significantly less than the booked accounts receivable for the company, and the offer to merge was withdraw. 

However, in 2016, American Leasing Corporation dba American Leasing and Financial got wind that Continental was using the scoring model to score leases for its wholly owned subsidiary, Summit Leasing, Yakima, Washington.  So the question is how did Summit Leasing get a hold of the scoring model if not from Continental Bank? 

The Complaint is a little vague on details, but alleges that somehow, when the Bank was to either return or destroy the confidential information, it instead let its wholly owned leasing subsidiary use it. Perhaps this will come out in depositions or in court testimony.

American Leasing Corporation dba American Leasing and Financial has sued the Bank and its subsidiary for theft of trade secrets, breach of contract, and unfair competition seeks an injunction, and damages totaling $3,000,000. The Complaint also seeks punitive damages and its attorney fees. 

The Bank has not answered yet, and will presumably deny receiving the scoring model or using it. This will be an interesting case to follow.

My takeaways are this:

•  First, I was confused why the bank was given the software as part of a due diligence review in the first place. I get it that this is a valuable piece of software, but the seller turning over the software keys to this without anything more than a written assurance? This made no sense to me.  Assuming the scoring model was so valuable, I would have thought a demonstration was all that might have been required, at least until the due diligence period is a little further along. 

•  Second, I find it hard to believe a bank would actually take and use something like this. I have no reason to doubt the veracity of the allegations, but I’ve represented banks most of my legal career, and this isn’t anything that bank do. They’re the good guys, usually.

So, enjoy reading the complaint, and we will all hope for further details from the case file, as the case develops.

American Leasing Corp. et. al v. Continental Bank (14 pages)
http://leasingnews.org/PDF/AmericanLeasingvContinental%20Bank2017.pdf

Tom McCurnin is a partner at Barton, Klugman & Oetting
in Los Angeles, California.

 

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Email: tmccurnin@bkolaw.com
Visit our web site at www.bkolaw.com
Previous Tom McCurnin Articles:
http://www.leasingnews.org

Previous Tom McCurnin Articles:
http://www.leasingnews.org/Conscious-Top%20Stories/leasing_cases.html

 

 

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Please, No Technical Words in Your Resume
Career Crossroad---By Emily Fitzpatrick/RII

To reach more people and ensure your resume is read, make sure to eliminate industry or company jargon and replace it with language understandable to anyone at your target company/audience (e.g. an executive assistant).

It is tempting to emphasize your technical expertise. However, you cannot assume that the first person reading your resume will be as enmeshed in your industry as you are.  For example, I see this a lot with GE employee resumes; it is almost as if they have their own language.  As a Resume Writer, I have had to spend numerous hours deciphering their “code.” (I am now an expert!) Could you imagine a Hiring Manager spending that kind of time on one resume when they have 100s of resumes to review?

You need to find a balance between keeping it simple, but detailed at the same time to demonstrate your technical abilities. Jargon should not be found anywhere on your resume. 

Industry terms create clutter and confusion and can mask your actual qualifications for the job.  So, it is best to make your words clear and accessible while being engaging.

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone:  954-885-9241
Cell:  954-612-0567
emily@riirecruit.com
www.riicareer.com
Invite me to Connect on LinkedIn
www.linkedin.com/pub/emily-fitzpatrick/4/671/76
Also follow us on Twitter #RIIINFO
https://www.pinterest.com/recruitersinter/rii-career-services/

Career Crossroads Previous Columns
http://www.leasingnews.org/Conscious-Top%20Stories/crossroad.html

 

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Time to Review Equipment Finance Agreements
by Barry S. Marks, Esq., CLFP, Marks & Associates, P.C.

1. How about resolving to sit down and read your lease or EFA documentation? We have been suggesting this for quite some time and we have gotten a few calls from people who were surprised at what they found.

2. Have you taken a look at the licensing and usury laws of various states in which you have lessees and borrowers? While we hate to beat this drum again, it is obvious that many of our readers are still living in the twentieth century (did you ever think you would live to hear someone say that?), where equipment finance companies paid little or no attention to these laws.

a. Do you lease or finance motor vehicles?

b. Do you enter into leases or loans with an implicit or stated interest rate over 18%?

c. Do you offer micro ticket financings (under $25,000)?

3. When was the last time you sat down with your operations people and whatever closing checklist you use to ensure that best practices are understood and are being followed?

a. Are UCC's filed within 20 days after delivery of equipment to your lessee/borrower if you intend to rely on PMSI?

b. Do you send inventory notices out if the equipment is or is similar to equipment your lessee or borrower rents out and/or sells? Do you understand your exposure if your equipment is characterized as inventory?

c. Do you always get insurance certificates at closing and do they properly show you as additional insured/loss payee on the correct form?

d. Do you have adequate proof that the person signing your documents is who he says he is and has authority to bind the company?

Barry S. Marks, CLFP
Direct:  205.251.8303
barry@leaselawyer.com
www.leaselawyer.com

        

 

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Many Employees at Small Bank Closed on Friday
 2016: 11 Full time Employees; 2011: 344 Full time Employees

Proficio Bank, Cottonwood Heights, Utah, was closed with Cache Valley Bank, Logan, Utah, to assume all of the deposits. The bank was formed May 1, 2000. As of December 31, 206 the bank had 11 full time employees year-end 2016; however, December 21, 2015, the bank reported to the FDIC they had 75 full time employees. 2088 had 124 employees, 2011 had 344 employees, 2012 had 814 full time employees. Tier 1 risk-based capital ratio: 3.58%.    

Proficio Bank was formerly known as Volvo Commercial Credit Corp. a Utah Industrial Loan Company, purchased by NHB Holdings, which changed its name to Proficio Bank in January 2007 and converted it into a commercial state chartered bank, as noted in the bank equity numbers below.

The Company was formed when executives from the relocation, homebuilding, and real estate brokerage industries perceived an opportunity to create a new specialty bank that would serve the specific needs of industries whose business involves the purchase, sale, or financing of a home.
http://www.businesswire.com/news/home/20070129006299/en/Proficio-Bank-Offer-Unique-Specialized-Banking-Mortgage

NHB, originally a Florida based group, has many investor complaints on line from Florida as well as other states.  Proficio evidently need the high number of employees as their website stated they were in “Was in Relocation Funding, SBA Loans”

Website stated:
“Proficio Bank has two core business lines: commercial lending conducted through the Bank and mortgage lending conducted through PMV.  Proficio Bank is a business bank and specialty lender.  Proficio Bank has a niche strategy of serving the financial needs of the corporate relocation industry and ‘in-market lending’ to small‑ and middle-market borrowers in the Salt Lake City metropolitan areas.

(In Millions, unless otherwise noted)

Net Equity
2006	$2.6
2007	$82.7
2008	$28.0
2009	$27.2
2010	$18.5
2011	$12.0
2012	$24.8
2013	$25.2
2014	$12.5
2015	$4.5
2016	$2.3
Profit
2006	$69,000
2007	- $3.3
2008	-$5.2
2009	-$2.6
2010	-$10.4
2011	-$6.6
2012	$6.3
2013	$884,000
2014	-$13.6
2015	-$8.3
2016	-$4.1
Non-Current Loans
2006	0
2007	0
2008	$2.6
2009	$7.4
2010	$9.9
2011	$9.9
2012	$6.3
2013	$3.2
2014	$2.9
2015	$3.9
2016	$1.0

Charge Offs
 (In millions, unless otherwise noted)

Construction and Land, 1-4 family multiple residential, Multiple Family Residential, Non-Farm Non-Residential loans (non-owner occupied).

2006   0
2007   0
2008   $594,000 ($492,000 1-4 residential, $102,000 land development/other land)
2009   $628,000 ($343,000 1-4 residential, $285,000 land   
    development/other land)
2010   $7.8 ($4.3 construction/land; $4,150 constr./land dev., $1.8
   commercial/industrial $1.3 nonfarm/nonres., $303,000    1-4 family,
   $299,000 owner-occupied nonfarm/nonres., $212,000 construction
    1-4 family)
2011   $3.2 ($2.9 commercial/industrial, $308, nonfarm/non
    residential, $308, other nonfarm/nonres, -$11,000  1-4 family
    residential, -$11,000 construction other land development).
2012   $854,000 ($720,000 nonfarm/nonresidential, $125,000
   commercial/industrial, $9,000 construction/land)
2013   $799,000 ($799,000 nonfarm/nonresidential, -$20,000
    commercial/Residential)
2014   $487,000 ($510,000 commercial/industrial, $137,000
     nonfarm/nonresidential, -$160,000 1-4 family)
2015    -$210,000 (-$138,000 1-f family, -$54,000 nonfarm,
     nonresidential, -$18,000 commercial/industrial)
2016    -$149,000 (-$148,000 nonfarm/nonresidential, -$1,000
   commercial/industrial).  
                      (note: figures from FDIC bank filings)

As of December 31, 2016, Proficio Bank had approximately $68.2 million in total assets and $65.0 million in total deposits. In addition to assuming all of the deposits of the failed bank, Cache Valley Bank agreed to purchase $60.1 million of the failed bank's assets. The FDIC will retain the remaining assets for later disposition.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $11.0 million.

FDIC Press Release
https://www.fdic.gov/news/news/press/2017/pr17019.html

List of Bank Failures:
http://www.fdic.gov/bank/individual/failed/banklist.html

Leasing News Bank Beat:
http://www.leasingnews.org/Conscious-Top%20Stories/Bank_Beat.htm

Community Bank President Gets 4 Years for Bank Fraud
by Bob Coleman, Coleman Reports

The former president and chairman of Oklahoma-based First State Bank of Altus is heading to jail for four years. 67-year old Paul Doughty approved a series of loans to companies he controlled that led to the bank’s failure on July 31, 2009, at a cost of $25 million to the FDIC insurance fund.

His partner in several business ventures, Fred Anderson, also 67, pled guilty to one count of bank fraud and testified against him at the trail. He is serving 18 months in jail.

The jury heard that in 2006 and 2007, Doughty and Anderson recruited buyers for 19 Colorado real estate lots priced at approximately $700,000 each. Doughty approved and issued 14 lot loans to buyers, totaling more than $10,000,000 in loan proceeds for the seller, Mountain Adventure Property Investments. MAPI was a Colorado company that Anderson had an indirect ownership interest in and where he served as president and manager.

Evidence at trial showed that each loan exceeded Doughty’s individual lending authority at FSB, and most of the loans were issued without approval of FSB’s loan committee, including a $580,000 loan to Anderson’s personal company. The jury heard that Doughty and Anderson presented lots to borrowers as “zero money down” investments, and that the down payments for the purchases were often advanced or refunded to the buyers by Anderson on behalf of MAPI. Doughty and Anderson also assured the buyers that MAPI would make all payments on the loans to the bank. The jury heard that on the few occasions when Doughty presented a Colorado loan to FSB’s loan committee, he misrepresented the source and amount of borrowers’ down payments and the borrowers’ responsibility for making payment on the loans.

Second, trial evidence showed that Doughty funded five so-called “senior life settlement” loans through FSB in 2008. Each loan was $2.5 million, and one of the loans went to Anderson’s personal company. Doughty and Anderson recruited borrowers to take out these “self-paying” loans to provide money for investments in Altus-based Quartz Mountain Aerospace. Evidence at trial showed that a portion of the loan proceeds was invested in QMA, and another portion would pay the loan’s interest. The remaining proceeds on the loans would buy and maintain third-party life insurance policies, where the death benefits on the third parties were intended to repay the loan’s principal. The jury heard that each loan exceeded Doughty’s lending authority, and that he issued at least $10,000,000 in senior life settlement loans without FSB’s loan committee or board approval. With each loan, Doughty and Anderson directed $125,000 in “service fee”” to Altus Ventures, a company under their control. The jury heard evidence that at the time the loans were issued, the fees to Altus Ventures were not disclosed to FSB or to the borrowers taking out those loans.

Third, the jury heard evidence that in January 2008, Doughty arranged a $2 million loan from FSB to Ethanol Products Group, a startup company in which both Anderson and Doughty had ownership interests. Evidence showed that Doughty advanced the $2 million from FSB, above his individual lending authority, without approval by FSB’s loan committee or board. Soon before issuing the loan, Doughty e-mailed Anderson his “cash strategy” for two other companies they controlled; the “strategy” showed all the EPG loan proceeds would be directed to companies controlled by Anderson and Doughty, ultimately diverting $100,000 in “officer bonuses” to Anderson and Doughty.

The jury heard evidence over seven days, and deliberated about seven hours before reaching a verdict. The jury acquitted Doughty on three charges.

bob@colemanreport.com
Coleman Report

 

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Leasing News Advisor
Armon Mills

Armon L. Mills, President and Publisher
San Diego Business Journal
4909 Murphy Canyon Road, Suite 200
San Diego, CA 92123
Direct Phone: 858.277.6795
Cell: 858.220.5443
Email: amills@sdbj.com

Armon Mills joined the Leasing News Advisory Board on February 5, 2004. In reality, he was quite instrumental and was the first to give Kit Menkin advice to incorporate, trade mark, and develop what were originally e-mails about what was happening in the equipment leasing industry sent to friends. Kit served on all Armon’s advisory boards; is a personal friend of he and his family. He and Armon often had lunch together often when Armon was located in San Jose, California. They also both served on community non-profit organizations as officers, including chairmen and presidents, working on projects together. Armon has been a mentor to several publishers, many of them across the nation, running the various Business Journals and other media.

In January of 2011, Armon joined J.H. Cohn LLP as Director of Practice Development, Southern California Region.

In 2013 Armon returned to the San Diego Business Journal as President and Publisher.

Armon earned a Bachelor of Arts degree in Business Administration from Southwestern College in Winfield, Kansas. He also earned his Certified Public Accountant certificate from Kansas in 1967.

Armon began his career in public accounting with the national CPA firm of Fox & Company. Armon joined the firm in January of 1964. His career with Fox included 11 ½ years on the audit staff including promotions to manager on June 1, 1968 and was admitted as a full Partner on June 1, 1970. He was a partner with the firm for 14 years and managing partner of Fox & Company offices for nine years in:
 
            St. Louis, Missouri from July 1, 1975 to December 31, 1977
            Kansas City, Missouri from January 1, 1978 to July 31, 1981
            Minneapolis, Minnesota from August 1, 1981 to July 30, 1984.

Armon was recruited to American City Business Journals on July 31, 1984 as President and Chief Operation Officer. He was in that position for two and a half years during which time the company grew from four Business Journals in Kansas City, Missouri, San Jose, California, Milwaukee, Wisconsin and Portland, Oregon to 35 Business Journals covering the United States from coast to coast and Hawaii. He was also President and Chief Operating Officer when American City Business Journals went public with an IPO on July 18, 1985.

Armon moved to Phoenix, Arizona in 1987 to be Publisher of the Business Journal serving Phoenix and the Valley of the Sun. He and his family moved to the Bay area in 1991 where he was Publisher of business publications in San Jose and Silicon Valley before moving to San Diego in 2004 to become President and publisher of the San Diego Business Journal. Under my leadership, the San Diego Business Journal increased its’ bottom line net operating income 370 percent from 2003 to 2007.

Armon was active in many community organizations. While in San Jose, he served as chair of the Board of Directors of the San Jose/Silicon Valley Chamber of Commerce, The Santa Clara County Salvation Army, YMCA of Santa Clara Valley and the Silicon Valley Capital Club. He was a previous member of the Board of Directors for the Silicon Valley Chapter of Commonwealth Club of California, San Jose Sports Council, American Red Cross, Santa Clara County Boy Scouts of America, March of Dimes, Valley Medical Center Foundation, United Way, San Jose Repertory Theater, The American Heart Association, the Santa Clara County Arts Council and Treasurer and Chair of the Finance Committee for the San Jose Convention and Visitors Bureau. Armon also chaired the 1995 KTCH Channel 54 Public Television Station fund-raising auction and is a past member of their Board of Directors. He served on the board of the Alliance of Area Business Publications from 1986 to 1989 and was President of the Association in 1988.  He was an active member of the San Jose Rotary Club for over 12 years. 

Armon has received several community and business awards which include:

                 Media Advocate of the Year – 1997
                 U.S. Small Business Administration San Francisco District

                 Silver Hope Award – 1997
                 National Multiple Sclerosis Society

                 Distinguished Citizen Award – 1998
                 Santa Clara County Council of Boy Scouts of America

                 Leadership Excellence Award – 1998
                 San Jose/Silicon Valley Chamber of Commerce

                 Silver Beaver Award – 2001
                 Santa Clara County Council of Boy Scouts of America

                 Business Hall of Fame – 2002         
                 Southwestern College – Winfield, Kansas
                 
                 Joint Civilian Orientation Conference (JCOC) 
                 Class of 70 –October, 2005
                 Selected by the Department of Defense to visit military bases                  and operations in Germany, United Kingdom and Italy.

Armon is continuing his strong commitment to the community here in San Diego. He is the past Chair of the Board of Directors of the San Diego Police Foundation.  He is a member of Rotary Club #33 and a past member of the Board of Directors of LEAD San Diego. Armon is on the board of the San Diego Better Business Bureau.  He is also a member of the National University Holiday Bowl Committee and the San Diego Credit Union Poinsettia Bowl Committee.  Armon is the Finance Chair of the New Majority of California and serves on their state board of directors. Armon is also on the Leasing News Advisory Board.

Armon has been married to his wife Sandra for over 36 years and has four adult children, Kathryn, Marnie, Darin and Trina.

Labrador Retriever
Portland, Oregon  Adopt-a-Dog

Baxter
Male
Age: 3 years, 9 months
Weight: 64 pounds
Color: Black
Location: DogBlue Pod
Kennel 66
Code# 199722

"Well hello there! Allow me to introduce myself, I’m Baxter and it’s so very nice to meet you! I have the chance to find my forever home, and I can’t wait! I’m looking for someone who will play with me, take me on walks and adventures, maybe take me to a Basic Manners class, and most importantly, love me as much as I love them. I have so much energy and may not be suitable for apartment life, so I would love a home where I have plenty of space to run and play. I don’t enjoy being over handled, so I’m looking for a home with adults only or older, dog-savvy children who can respect my space and signals. What do you say you have a visit with me and see if we’re suited for each other? A training consult will be provided prior to my adoption to make sure that we’re set up for success together!

"The adoption fee includes spay/neuter, microchip ID, collar and OHS I.D. tag, initial vaccines, courtesy veterinarian exam, 30 days free PetPlan health insurance for Oregon Residents and plenty of post adoption support!"

Adoption Fee $150.00

Oregon Humane Society
1067 NE Columbia Blvd.
Portland, Oregon
(503) 285-7722

Hours for meeting with pets
Sunday-Wednesday: 10 am-6:30 pm
Thursday-Saturday: 10 am-8:30 pm

Phone operator hours
Every day: 9 am-7 pm at (503) 285-7722

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

 

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Leasing News Free Classified Ads
Asset Management

Asset Management: Minneapolis, MN NetSentric provides services to leasing companies: Inspection, Appraisals, Auditing, Warehousing, Repossession, Asset Management, Repairs, Remarketing and Field Service for Electronics and Computing Technology. Email: jcahill@netsentricinc.com	Asset Management: Boston, MA Nationwide appraisals, remarketing, audits, inspections and more! Over 15-years industry experience and dedicated to deliver personal, prompt, professional services.  Call Chris @ 508-785-1277  Email
Asset Management: Monroe, NC Recover a greater return on your investment.  We specialize in the woodworking, pallet, sawmill and forestry industries. Carolinamachinerysales.com/  Melinda Meier  (704)288-1904 x103	Nationwide  Seasoned and fair priced workforce is at your service for all lease collections, repossessions, and asset liquidations, appraisals.   Call Nassau Asset Management 800-462-7728 castagna@nasset.com
Asset Storage/Re-Marketing: Ohio & surrounding states. Providing no cost warehousing, condition reports, digital photos and remarketing of off-lease forklifts & industrial equipment. NAFTA wide dealer network. Email to GCochran@OhioLift.com	Asset Management Melville, New York Auctions, Appraisals, National Repossessions.  ALL asset classes. 20+ year team works for you. Spend less, Net More… Fast! Ed Castagna 516-229-1968ecastagna@inplaceauction.com
Bulldog Asset Management provides recovery and remarketing services with a difference. Contingent repos, free storage and industry experts to remarket. bulldogasset.com/contact www.bulldogasset.com	Asset Management: Global Specializing in Semiconductor and Electronic Test Equipment collateral. Lender services include Consignment Sales, Remarketing, Portfolio Purchases, Inspections, De-installation, Repairs and Warehousing.  testequipmentconnection.com Email
Asset Management: Boston, MA Providing globally professional Equipment appraisals, remarketing, audits, and inspections. ASA/CSA certified professional appraiser specializing in truck trailer, marine, railroad, corporate aviation, construction, mining, material handling, manufacturing, machine tools, office, IT. Over 26-years industry experience and dedicated to deliver personal, prompt, professional services.  Chris Condon @ 508-785-1277  email

 

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

News Briefs---

Banks become equipment finance powerhouse
equipment finance still attractive to banks, pressuring nonbanks
http://www.bankingexchange.com/news-feed/item/6737-banks-become-equipment-finance-powerhouse?Itemid=101

Racketeering case against Lending Club moved to arbitration
  An appeal is still possible
http://legalnewsline.com/stories/511086323-racketeering-case-against-lending-club-moved-to-arbitration

Deutsche Bank to raise 8 billion euros
   plans major reorganization
http://www.reuters.com/article/us-deutsche-bank-capital-idUSKBN16C0Q3?il=0 

China overtakes Eurozone as world’s biggest bank system
Status reflects global influence also reliance on debt to fuel economy
https://www.ft.com/content/14f929de-ffc5-11e6-96f8-3700c5664d30

Helicopter Financing -- “it’s the Cycle, stupid!”
----worst downturn (by far) since the 1970s
http://helicopterinvestor.com/articles/clark-mcginn-its-the-cycle-stupid-587/

 

[headlines]
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You May Have Missed---

Kona beer is not from Hawaii, consumers say in lawsuit
actually made New Hampshire, Oregon, Tennessee and Washington
http://www.stltoday.com/business/local/kona-beer-is-not-from-hawaii-consumers-say-in-lawsuit/article_3e7dea33-cd1b-516d-867f-23fb49ca3639.html

 

[headlines]
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Winter Poem

The Sound of the Trees
by Robert Frost

I wonder about the trees
Why do we wish to bear
Forever the noise of these
More than another noise
So close to our dwelling place?
We suffer them by the day
Till we lose all measure of pace,
And fixity in our joys,
And acquire a listening air.
They are that that talks of going
But never gets away;
And that talks no less for knowing,
As it grows wiser and older,
That now it means to stay.
My feet tug at the floor
And my head sways to my shoulder
Sometimes when I watch trees sway,
From the window or the door.
I shall set forth for somewhere,
I shall make the reckless choice
Some day when they are in voice
And tossing so as to scare
The white clouds over them on.
I shall have less to say,
But I shall be gone.

 

[headlines]
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Sports Briefs----

Colin Kaepernick opts out of contract with San Francisco 49ers
http://www.usatoday.com/story/sports/nfl/2017/03/03/kaepernick-opts-out-of-contract-becomes-free-agent/98714304/ 

Cowboys owner Jerry Jones said he won't rule out QB Tony Romo staying in Dallas
http://www.usatoday.com/story/sports/nfl/cowboys/2017/03/04/dallas-cowboys-jerry-jones-tony-romo-dallas-cowboys-future/98742786/

Myles Garrett should be the #1 pick
https://theringer.com/myles-garrett-nfl-combine-jabrill-peppers-nfl-draft-e3d4ef8f0191#.ote6dyqwa

[headlines]
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California Nuts Briefs---

California exports its poor to Texas,
   other states, while wealthier people move in

http://www.sacbee.com/news/state/california/article136478098.html

[headlines]
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“Gimme that Wine”

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

Steven Spurrier named Decanter Man of the Year 2017
http://www.decanter.com/wine-news/steven-spurrier-named-decanter-man-year-2017-356111/

Harnessing 3½ Tier Wine Distribution Small and mid-size distributors
   offer level playing field but require higher margins
https://www.winesandvines.com/template.cfm?
section=news&content=181268

Ride the Wine Train with Peter Mondavi, Jr.
Saturday, March 25, 6:30pm
http://napavalleyregister.com/wine/ride-the-wine-train-with-peter-mondavi-jr/article_b913c499-d430-5acc-ba5e-19442a4be333.html

Luxury hotel owner buys control of Château Trianon
http://www.decanter.com/wine-news/luxury-hotel-owner-buys-control-chateau-trianon-355471/

Ex-bookkeeper at Paul Hobbs Winery charged
   with embezzling $190,000
http://www.pressdemocrat.com/news/6725153-181/paul-hobbs-winery-hit-with

Distinguished Italian White Wine Producer, Jermann,
   Joins LUX Wines Portfolio In The U.S.
http://www.prnewswire.com/news-releases/distinguished-italian-white-wine-producer-jermann-joins-lux-wines-portfolio-in-the-us-300416316.html

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

    1521 - Magellan discovered Guam, today a protectorate of the United States.
https://www.cia.gov/library/publications/the-world-factbook/geos/gq.html
    1775 – The first African-American Mason was initiated in Boston.
    1779 - The US Congress declared that only the federal government, and not individual states, had the power to determine the legality of captures on the high seas. This was the basis for the first test case of the US Constitution in 1808.
    1791 - American painter of miniatures and a member of the famous Peale family of artists, Anna Claypoole Peal (d. 1878) was born at Philadelphia, PA.
http://www.picturehistory.com/find/p/13976/mcms.html
    1808 - The first college orchestra was established at Harvard.
    1810 – Illinois passed the first state legislation dealing with vaccinations.
    1820 - The Missouri Compromise, enacted by Congress, was signed by President James Monroe. This compromise provided for the admission of Missouri into the Union as a slave state, but prohibited slavery in the rest of the northern Louisiana Purchase territory. The compromise was invalidated in the 1856 Scott vs. Sandford case (below).
    1822 - USS Enterprise captures four pirate ships in Gulf of Mexico.
    1831 – Edgar Allen Poe was removed from the US Military Academy.
    1834 - Delmonico's, one of NY's finest restaurants, provides a meal of soup, steak, coffee & half a pie for 12 cents. The restaurant is considered the oldest in New York. Some of its “firsts:”
The first diner called by the French name restaurant
The first diner where guests sat at their own tables
The first printed menu
The first tablecloths
The first debutante ball outside a private home
The first restaurant to offer a leisurely lunch and dinner
Oysters Rockefeller
Lobster Newberg, first called Lobster Wenberg
Baked Alaska
Eggs Benedict
Delmonico potatoes
Delmonico steak
Hamburger (known then as the Hamburg Steak)
First use of the expression that something is "86'd", since the Delmonico Steak was item 86 on the menu and, when sold out, it was “86'd".
http://www.nextmagazine.net/restaurants/delmonicos.shtml
http://www.cbbqa.com
    1836 - Four days after Texas declared itself an independent republic, the Alamo, a fortified mission at San Antonio, Texas, where fewer than 200 Texans were garrisoned, was captured by the Mexican leader Gen. Antonio Lopez de Santa Anna, who had led 3000 troops across the Rio Grande. Every Texan except a mother, a child, and servant was killed, including Jim Bowie, Col. Travis, and Davy Crockett. The siege, led by Mexican general Santa Anna, began Feb 23 and reached its climax Mar 6, when the last of the defenders was slain. Texans, under General Sam Houston, rallied with the war cry "Remember the Alamo" and, at the Battle of San Jacinto, Apr 21, defeated and captured Santa Anna, who signed a treaty recognizing Texas's independence.
http://memory.loc.gov/ammem/today/mar06.html
    1857 - Dred Scott decision (Dred Scott v. Sandford) was delivered by the US Supreme Court.  This was a major setback for anti-slavery forces and further aggravated the growing ill feeling between North and South. Dred Scott was a slave whose owner had taken him and his family from Missouri to Illinois, a free state in 1834. Scott later returned to Missouri and, in 1846, sued for his liberty on the grounds that his stay in free territory ended his slavery. The Court ruled, however, that Scott could not sue because slaves were not citizens. Going beyond the specific case, the Court also said that Congress had no power to prohibit slavery in territories and therefore, the Missouri Compromise of 1820, already repealed by the Kansas-Nebraska Act, was unconstitutional.
    1861 – The Provisionary Confederate Congress established the Confederate Army
    1862 - The Battle of Pea Ridge, Ark., was fought. A Confederate army of 16,000 under General Earl Van Dorn attacked a Union army of 10,500 under Brig. General Samuel Ryan Curtis, whose last reserves prevented a Union disaster on the second day. Among the heavy losses on both sides were two Confederate generals, Benjamin McCulloch and James McQueen McIntosh.
    1864 - There was an average of 7,333 desertions a month from the Union army. Many desertions were the result of bounty jumpers - men who would collect bounty to enlist, then desert and do it again elsewhere. The US government spent $300 million dollars on bounties while state and local governments spent about the same.
http://www.tnstate.edu/library/digital/document.htm
    1872 - A cold wave hit the East coast sending the mercury plunging to 8 degrees below zero at Boston. It was the most severe March cold wave in modern history.
    1885 - Birthday of humorist and sportswriter Ring Lardner, Sr., (d. 1933) in Niles, Michigan. Lardner wrote about sports for a variety of newspaper, mostly in Chicago. In both his columns and his short stories, he reproduced ballplayers' vernacular speech patterns with great success, thereby laying the groundwork for generations of baseball fiction to come. Lardner abandoned baseball after the Black Sox scandal was exposed. He wrote songs, plays and magazine articles but never the novel that some of his friends though he should. Taciturn and solemn with a biting sense of humor, Lardner drank and smoked to excess, even after contracting tuberculosis in 1926. Posthumously given the J.G. Taylor Spink Award in 1963 for his baseball writing.
    1886 – The first plant to generate alternating current in the US was launched at Great Barrington, MA.
    1892 - The first women's collegiate basketball game was played at Smith College in Northampton, MA. Senda Bereson, then Smith‘s director of physical education and “mother of women's basketball,” supervised the game, in which Smith's sophomore team beat the freshman team, 5-4.
    1892 - Clark Daniel Shaughnessy (d. 1970), football player and coach born at St. Cloud, MN. After playing football at the University of Minnesota, Shaughnessy strung tog3ether a coaching career of several institutions: Tulane, Loyola of the South, Chicago, Stanford, Maryland and Pittsburgh. He coached the Los Angeles Rams and assisted George Halas with the Chicago Bears. Shaughnessy is known as the father of the modern T formation and played a key role in developing modern pro defensive football.
    1905 - Father of Western Swing, Bob Willis (d. 1975), born in Kosse, TX. Originally a performer (fiddler) with the Light Crust Doughboys, Willis later former the popular Texas Playboys. Bob Willis and the Texas Playboys appeared on film and at the grand Ole Opry made western swing popular with such hits as “San Antonio Rose.”    
    1918 - Bassist Red Callendar (d. 1992) was born in Haynesville, VA.
http://www.allmusic.com/cg/amg.dll
    1923 - Guitarist Wes Montgomery (d. 1968), birthday, Indianapolis.
http://www.duke.edu/~mjs4/wes/
http://www.allmusic.com/cg/amg.dll
    1924 - Sarah Caldwell’s (d. 2006) birthday, Maryville, MO. She founded and produced almost 50 operas at the Boston Opera, was the first woman to conduct at the Metropolitan and the New York Philharmonic, and the first recipient of the Kennedy Center Award for Excellence.
http://arts.endow.gov/artforms/Opera/Caldwell.html
http://smithsonianassociates.org/programs/caldwell/caldwell.htm
    1926 - Economist, former Chairman of the Federal Reserve, Alan Greenspan, birthday, New York, New York
    1936 - Singer Sylvia Vanderpool (d. 2011) of Mickey and Sylvia, was born New York City, New York
http://www.soulwalking.co.uk/Sylvia%20Robinson.html
    1939 - Harry James records “Two O'clock Jump.”
    1940 - Duke Ellington records “Jack the Bear” and “KoKo.”
    1941 - Les Hite and his orchestra recorded "The World is Waiting for the Sunrise" on Bluebird Records. The instrumental became Hite's most popular work. A decade later, Les Paul and Mary Ford added a vocal to the tune, making it one of their biggest-selling hit songs.
    1945 - Top Hits
“Accentuate the Positive” - Johnny Mercer
“I Dream of You” - The Tommy Dorsey Orchestra (vocal: Freddy Stewart)
“A Little on the Lonely Side” - The Frankie Carle Orchestra (vocal: Paul Allen)
“I'm Losing My Mind Over You” - Al Dexter
    1953 - Top Hits
“Till I Waltz Again with You” - Teresa Brewer
“Don't Let the Stars Get in Your Eyes” - Perry Como
“Keep It a Secret” - Jo Stafford
“Kaw-Liga” - Hank Williams
    1954 - Florida received its greatest modern-day snowfall of record, with 4.0 inches at the Milton Experimental Station. Pensacola equaled their 24-hour record with 2.1 inches of snow.
    1957 - The doo-wop quartet the Diamonds make their pop chart debut with "Little Darlin'," their biggest hit. It reaches #2 on the pop chart and #3 R&B.
    1961 - Top Hits
“Pony Time” - Chubby Checker
“Surrender” - Elvis Presley
“Wheels” - The String-A-Longs
“Don't Worry” - Marty Robbins
    1962 - Frank Sinatra recorded his final session for Capitol Records in Hollywood. Sinatra had been recording for his own record label, Reprise, for two years. His final side on Capitol was "I Gotta Right to Sing the Blues," with Skip Martin's orchestra.
    1964 - Tom O'Hara ran the mile in 3 minutes, 56.4 seconds, setting a world indoor record in Chicago, IL.
    1964 - Heavyweight champion Cassius Marcellus Clay announced that he had embraced the Nation of Islam and changed his name to Muhammad Ali. As Clay, he had won a gold medal in the 1960 Summer Olympic Games in Rome and captured the heavyweight crown with a stunning TKO of Sonny Liston at Miami Beach on February 25, 1964.
    1965 - The Temptations went to #1 on the US singles chart with the Smokey Robinson penned song "My Girl," making the group the first male act to have a chart topper for Motown Records.
    1967 - *OUELLET, DAVID G., Medal of Honor
Rank and organization: Seaman, U.S. Navy, River Squadron 5, My Tho Detachment 532. Place and date: Mekong River, Republic of Vietnam, 6 March 1967. Entered service at: Boston, Mass. Born: 13 June, 1944, Newton, Mass. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty. As the forward machine gunner on River Patrol Boat (PBR) 124, which was on patrol during the early evening hours, Seaman Ouellet observed suspicious activity near the river bank, alerted his boat captain, and recommended movement of the boat to the area to investigate. While the PBR was making a high-speed run along the river bank, Seaman Ouellet spotted an incoming enemy grenade falling toward the boat. He immediately left the protected position of his gun mount and ran aft for the full length of the speeding boat, shouting to his fellow crewmembers to take cover. Observing the boat captain standing unprotected on the boat, Seaman Ouellet bounded on to the engine compartment cover, and pushed the boat captain down to safety. In the split second that followed the grenade's landing, and in the face of certain death, Seaman Ouellet fearlessly placed himself between the deadly missile and his shipmates, courageously absorbing most of the blast fragments with his body in order to protect his shipmates from injury and death. His extraordinary heroism and his selfless and courageous actions on behalf of his comrades at the expense of his life were in the finest traditions of the U.S. Naval Service.
    1969 - Top Hits
“Everyday People” - Sly & The Family Stone
“Proud Mary” - Credence Clearwater Revival
“Baby, Baby Don't Cry” - Smokey Robinson & The Miracles
“To Make Love Sweeter for You” - Jerry Lee Lewis
    1969 - Russell Louis Schweickart and Colonel James Alton McDivitt, were the first astronauts to transfer from one spacecraft to another while in orbit, making an intra-vehicular transfer from Gumdrop, the Apollo 9 command ship to the Spider, the lunar module, leaving the pilot, Colonel David Randolph Scott in the command ship.
    1972 - Shaquille Rashan O'Neal, basketball player, born Newark, NJ.
    1972 - The ‘Golden Bear,' Jack Nicklaus, passed Arnold Palmer as golf's all-time, money winner. Nicklaus captured the Doral Eastern Open golf tournament to run his career earnings up to $1,477,200
    1973 - The group, War, out from under the shadow of former leader Eric Burdon, receive their second gold single of the week for "Cisco Kid," four days after "The World is a Ghetto" did likewise.
    1975 - Led Zeppelin's sixth album, "Physical Graffiti," was certified gold.
    1976 - The Waylon & Willie (Jennings and Nelson) song, "Good Hearted Woman," started the last of three weeks at the top of the country music charts. Waylon and Willie wrote the song in 1969 during a poker game in Ft. Worth, TX. According to Jennings, “I'd been reading an ad for Ike and Tina Turner and it said, ‘Tina Turner singing songs about good-hearted women loving good-timing men.' I thought, ‘What a great country song title that is!'”
    1976 - Dorothy Hamill of the US completed women's figure skating celebrated double triumph by adding first place in the world's Championship, contested in Goteberg, Sweden, to the Olympic gold medal she won in February in Innsbruck, Austria.
    1977 - Top Hits
Love Theme from "A Star is Born" (Evergreen) - Barbra Streisand
“Fly Like an Eagle” - Steve Miller
“I Like Dreamin' “- Kenny Nolan
“Heart Healer” - Mel Tillis
    1976 - After placing 28 songs in the Top 40 of Billboard's Pop chart, The Miracles make the list for the last time when "Love Machine" went to the top. Their run included seven Top 10 hits and two number ones.
    1978 - Billy Joel was awarded a rare platinum single for "Just the Way You Are."
    1981 - Walter Cronkite, the dean of American television newscasters, said “And that's the way it is” for the final time, as he closed the "CBS Evening News with Walter Cronkite." An audience estimated at 17,000,000 viewers saw ‘the most trusted man in America' sign-off. Cronkite retired after more than 30 years in broadcasting. He was replaced by Dan Rather at the anchor desk.
    1982 - Billboard points out that Dick Clark has donated the podium he stood behind on the original "American Bandstand" to the national museum at the Smithsonian.
    1982 - The Go-Go's debut LP, "Beauty and the Beast," released last July, starts a seven week run at Number One.
    1982 - Willie Nelson's "Always on My Mind" enters the pop chart at #88. The original was recorded in 1972 by Elvis Presley. Nelson's version will reach number One on the country chart and win a Grammy for Song of the Year.
    1982 - The most points scored by two teams in the National Basketball Association made history. San Antonio beat Milwaukee 171-166 in three overtime periods to set the mark.
    1983 - The United States Football League opened its first season of play with five games. The USFL was designed to avoid competing with the NFL by playing in the spring, but it lasted only three years.
    1985 - Yul Brynner played his famous role as the king in "The King and I" in his 4,500th performance in the musical. The actor, age 64, opened the successful production on Broadway in 1951.
    1985 - Top Hits
“Careless Whisper” - Wham! featuring George Michael
“Can't Fight This Feeling” - REO Speedwagon
“California Girls” - David Lee Roth
“Baby Bye Bye” - Gary Morris
    1987 - Twenty-eight cities in the north central U.S. reported record high temperatures for the date. Pickstown, SD was the hot spot in the nation with a reading of 83 degrees. The high of 71 at Saint Cloud, MN smashed their previous record by 21 degrees.
    1988 - Julie Krone won the 1,205th victory of her career, thereby becoming the all-time winning female jockey in history, Krone rode Squawter, a filly, to victory in the ninth race at Aqueduct Racetrack.
    1988 - “In the Heat of the Night” premiered on TV. NBC's police drama was based on the 1967 movie with the same name. Carroll O'Connor played Mississippi police chief Bill Gillespie who, along with Howard Rollins as Detective Virgil Tibbs, investigated crimes in the rural South. The cast featured Alan Autry as Sergeant Bubba Skinner, Anne-Marie Johnson as Virgil's wife, Althea, David Hart as Deputy Parker William, Hugh O'Connor as Deputy Lonnie Jamison, Christian LeBlanc as Deputy Junior Abernathy, Geoffrey Thorne as Deputy Sweet and Crystal Fox as dispatcher Luanne Corbin. The last telecast aired July 28, 1994, but the program remains popular in re-runs.
http://timstvshowcase.com/heatbak.jpg
    1990 - Colorado's strongest winter storm of the season moved northeastward across the state producing 50 inches of snow at Echo Lake, 46.5 inches on Buckhorn Mountain, and 46 inches near the top of Coal Canyon. Snow fell at the rate of several inches per hour during the height of the storm, while winds gusted above 50 mph. Several hundred rush hour commuters, including the state governor, were stranded in blizzard conditions along Highway 36 between Denver and Boulder. Drifts up to twelve feet high had to be cleared southeast of Boulder.
    1996 - Chris Osgood of the Detroit Red Wings became the third goalie in NHL history to score a goal. He fired the puck into an empty net with 11 seconds remaining as Detroit beat the Harford Whalers, 4-2.
    2000 - Eric Clapton was inducted into The Rock and Roll Hall of Fame for the third time, after receiving previous honors as a member of The Yardbirds and Cream.
    2003 - President Bush held a news conference and warned that he was prepared to go to war soon in Iraq with or without UN backing.
    2007 - Former White House aide I. Lewis Libby, Jr. was convicted on four of five counts of perjury and obstruction of justice trial.
    2013 – Microsoft was fined €561 by the Euro Commission for not providing alternative web browsers.
    2015 - AT&T, part of the DJIA for over 100 years, was replaced with Apple Inc. on the Dow Jones Industrial Average (DJIA), reflecting shifts in the U.S. economy between telecommunications and technology.