Why Was Daniel Dyer Forced to Resign
When He was Co-Founder of Marlin Leasing?

By Christopher Menkin

Reaction was swift and very surprising that Daniel Dyer was resigning as CEO and Director of Marlin Business Services Corp. at age 57.

Management-change.com notes, "It is considered a bad sign when a top manager leaves the position abruptly and without an understandable explanation...Dyer co-founded Marlin in 1997 and has served as CEO and director since. It’s rare for top managers at big corporations to retire suddenly with no successor in place. When that does happen, it’s a signal that the outgoing chief was asked to leave.”
(1)

The resignation was ironic as the same day of the announcement, stock analysts gave Marlin "an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

"Zacks has also given Marlin Business Services Corp. an industry rank of 79 out of 265 based on the ratings given to its competitors." (2)

The company stock is doing well, despite the announcement of Dyer’s retirement!

Thursday NASDAQ: MRLN

End-of-day Price ($): 16.94
Change ($) :0.61
Change (%): 3.74
One Day Volume: 23,535
Day's High ($) : 16.96
Day's Low ($) : 16.37
Previous Close ($) : 16.33

It was the timing that was perhaps the most strange, such as by October 20th, right before the Equipment Leasing and Finance Association (ELFA) Convention in San Antonio, Texas on October 25th.  Both he and Edward J. Siciliano, interim CEO, are listed among attendees, as well as Dyer is on the board of directors. Wouldn't it be better if the effective date was after the conference?  Why so sudden? Why not an orderly change with a replacement announced with a smooth transition.

The effective date was important. Leasing News was informed Dan Dyer’s term on the ELFA Board of Directors is coming to its natural end. Yes, this would be an important event for him. He is not on the new Board that begins immediately after Convention. Robert J. Rinaldi, Commercial Industrial Finance, Inc. will become Past Chairman and William F. Stephenson, DLL, will become Chairman. He would want to
be there.

It will be the last conference for President and CEO William G. Sutton, CAE, Ret. Rear Admiral, who retires at year end with Ralph Petta taking over as President and CEO on January 1, 2015.

Yes, it should therefore be important for him to attend. Afterwards, he could join as an independent member or be considered part of Marlin as he was hired as a consultant for one year, not to go over 35 hours per month.

Leasing News received no comment from either Mr. Dyer or the
interim CEO Mr. Siciliano.

The Marlin consultant agreement is a type of a one year non-compete in New Jersey law, according to a well-known attorney. (3)

In addition, the other terms of resignation, are pretty strong, and may be considered may be consider "common" for a top executive, although the terms were not published in the resignation of Chief Financial Officer Lynne Wilson on April 30, 2015, or Executive Vice President, General Counsel George D. Pelose on November 7, 2013. The terms are very strong. He can't talk, write, complain, or breathe any comment regarding his term or experience at Marlin. (4)

But then again, maybe it is a health agreement, and someone was trying to tell this to Leasing News.  The first photo is the Leasing News file photo of Mr. Dyer, used on the web site and ELFA pages. The second was on his Linkedin.com site, but was removed:

 

(If a reader sees him at the ELFA Conference, please take either a selfie or photo so we can find out which is the correct photo above as could not get a response from Marlin Business Services.)

But then again for a third time, in the press release announcing the retirement, Dyer concludes in his statement, “I look forward with anticipation to pursuing new opportunities of a personal and career interest." (5)  If this statement is true, Dyer will be attending the ELFA San Antonio Conference, which now has close to 1,000 registered.

What is going on, and will Marlin continue the Evergreen Clause game, particularly used on copier leases?  Has competition by FinTech companies and the growth of Ascentium Capital as well as Financial Pacific changed the marketplace? Or is it an issue of health, but then why the non-compete one year consultation and strong separation agreement?

1. https://management-change.com/marlin-ceo-dan-dyer-ousted-rough-departure/
2. http://www.dakotafinancialnews.com/marlin-business-services-corp-receives-consensus-recommendation-of-strong-buy-from-brokerages-nasdaqmrln/530638/
3.  Consulting Agreement
   http://www.leasingnews.org/PDF/CONSULTINGAGREEMENT2015.pdf
4. Separation Agreement
   http://www.leasingnews.org/PDF/SeparationAgreement.pdf
5. Marlin Press Release
   http://www.leasingnews.org/PDF/MarlinPressRelease2015.pdf

In a Surprise Move, Marlin Business Co-Founder/CEO Daniel P. Dyer Resigns
http://leasingnews.org/archives/Oct2015/10_21.htm#dyer

 

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State Bank & Trust Acquires Patriot Capital
The Alta Group Served as Financial Advisor

Bruce Kropschot, Senior Managing Director and Mergers & Acquisitions Advisory Practice Leader for the Alta Group told Leasing News the Alta Group served as a financial advisor to Patriot Capital Corporation in the acquisition of its equipment finance origination platform by State Bank and Trust Company, Atlanta, Georgia. Barry Marks, Esq. served as Legal Counsel to Patriot Capital.

Patriot Capital is a privately owned company that finances fueling and related convenience-store and commercial fueling equipment throughout the continental United States. Founded in 2000, it has grown from a regional financing firm to a leading provider of equipment financing for equipment such as gas pumps, LED lighting, underground storage tanks and related equipment.

Chris Santy, founder and president of Atlanta-based Patriot Capital Corp., will join State Bank as president of the newly created Patriot Finance Division.

“I am excited to be joining State Bank and look forward to expanding our lending capabilities through the resources of a larger institution.” Santy said. “Our two companies align very well from a cultural perspective. We believe the strength and power of State Bank with the industry knowledge of Patriot Capital will help make us a more formidable competitor in the equipment finance space.”

Patriot’s customer base includes fuel jobbers, convenience-store operators and commercial fueling sites.

Tom Wiley
CEO, State Bank & Trust

“Equipment financing is a business we have long wanted to enter, and we have found a great fit with Patriot, one of the largest equipment lenders in the retail fueling industry,” said Tom Wiley, CEO of State Bank & Trust. “Patriot Capital Corp. has, under Chris Santy’s leadership, developed a nationwide footprint, being recognized in the industry for the strength of their sales and management teams, strong customer partnerships and customer focus.

He continued, “We believe this acquisition is an attractive use of capital that will broaden our asset generating capabilities through additional growth and diversification of our loan portfolio. In addition, we believe we can efficiently generate significant scale by leveraging the established Patriot Capital distribution platform with greater value through the utilization of our existing programs and products.”

“An increasing number of banks have become attracted to the additional commercial loan volume that can be achieved through an equipment financing business,” said Kropschot.

“The Alta Group was pleased to be able to help Patriot Capital founder and President Chris Santy complete this transaction with a strong bank whose financial resources should enable the Patriot Capital organization to continue its rapid growth.”

Kropschot stated that buyers and sellers often have difficulty in determining how they should value a leasing business that is for sale.  “This panel brings together individuals who have had a wide variety of experience in the equipment leasing and finance M&A market, and they will share their knowledge as to various methods of valuing a business in an acquisition.”

Bruce Kropschot

The announcement came as Kropschot was en route to San Antonio, Texas, for the annual Equipment Leasing and Finance Association (ELFA) Convention, where he will be reporting on the conference for Leasing News. He will be presenting on Sunday the Leasing News 2015 Person of the Year Award to Valerie Jester, Past President of ELFA and its first female president.  Kropschot will also serve as moderator for a session on Tuesday, Oct. 27, on Valuing a Business in an Acquisition. Other session presenters will include Eric Hanson of Macquarie Capital (USA), Hernan Hernandez of City National Bank, Lawrence A. Marsiello of Pine Brook Road Partners, and Paul Menzel of Financial Pacific Leasing. 

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

Jim Alek was hired as Managing Director by Philips Medical Capital, Greater Philadelphia area. He joined De Lage Landen Financial Services, 2002, and was promoted to Global Chief Risk Officer, Clean Technology & Healthcare (2006-September, 2015). Education: Temple University - James E. Beasley School of Law, JD, law (1979 – 1982). Penn State University, BS, Economics (1973 – 1977).
https://www.linkedin.com/pub/jim-alek/7/ba2/18b

Nick Cicerone was hired as Technician, Fleming Consulting, LLC; based in Philadelphia, Pennsylvania. Previously, he was Administrative Clerk, LEAF Commercial Capital, Inc. (October 2002 – September 2015 Education: Franklin Towne Charter High School (2000 – 2004).
https://www.linkedin.com/pub/nick-cicerone/22/15a/47b

Janet Cooksey was hired as Regional Sales Manager for Advantage Funding, Lake Success, New York. She will "...capitalize on her transportation financial services experience in over-the-road (OTR), regional-haul and vocational trucks as well as trailer financing, in the company’s Mid-South Region...(she) served as Regional Sales Manager for Charlotte-based Commercial Credit Group, Inc., where she sold more than $20 million in truck financing (June 2015-October 2015). She also handled Volvo Construction Equipment, averaging $110 million in total annual sales (November 2000–June 2014);” District Finance Manager, Mack Financial Services (2000–2008); Credit Manager, Mars Petcare (November, 1999 – November, 2000); Manager of Credit & Collections, Republic Services, Browning Ferris Industries (October, 1998 – November, 1999); Credit Manager, American Color Graphics (1993 – 1998); Asset Base Recovery Rep., The Associates (March, 1986 – January, 1992). Education:  Chadwick University, 1 course, Economics (1987 – 1989). Middle Tennessee State University, Finance, Greenbrier High School (1980 – 1984).
https://www.linkedin.com/in/janetcooksey

Rahul Kapur was hired as Managing Director, ZRG Partners, Rochelle Park, New Jersey, "to support growth in the Payments and Retail Banking sector.  Rahul will be part of the firm’s global financial services practice and bring specific expertise to clients in the payments and banking space. “Previously, Director, Advisory, Banking and Payments. PwC (April, 2014 – July, 2015); Senior Director, Management Consulting, Banking, Cards, and Payments
Cognizant Technology Solutions (April, 2012 – April, 2014); Principal,
Capgemini (November, 2010 – April, 2012); Managing Principal, Capco (November, 2005 – November, 2010); Vice President, Consulting Services, MasterCard Advisors (June, 2004 – November, 2005); Principal Consultant, Infosys Technologies (November, 2002 – March 2004); Director, Consulting, Bowne Global Solutions (April, 2000 – November, 2002); Manager, Deloitte Consulting (September, 1998 – April, 2000); Manager, PriceWaterhouse (August, 1991 – August, 1996); Manager, PriceWaterhouse (August, 1991 – August, 1996). Education: Darden Graduate School of Business Administration, University of Virginia. MBA, General Management (Strategy) (August, 1996 – May, 1998). Carnegie Mellon University, BS, Applied Mathematics/Operations Research (Minor in Industrial Management)
(August, 1987 – May, 1991). East Brunswick High School (1983 – 1987).
https://www.linkedin.com/pub/rahul-kapur/0/b9/12b

Laura Heft was announced as Associate Attorney at Askounis & Darcy, PC, Chicago, Illinois.  She joined the firm August, 2015. "Ms. Heft concentrates her practice in transactional and litigation matters with a special focus on aircraft related issues.  Ms. Heft is licensed to practice in the States of Illinois and Indiana." Previously, she was Attorney Intern, Regional Office, Federal Aviation Administration (June, 2015 – August, 2015); Attorney, Clutch Group (March, 2015 – August, 2015); Attorney, Hagens Berman Sobol Shapiro LLP (October, 2014 – March, 2015); Judicial Law Clerk, Elkhart County (May, 2012 – August, 2014); Administrative Law Judge, Judge Clinic, Indiana University (August, 2011 – May, 2012); Research Assistant, Indiana University Maurer School of Law (August, 2011 – May, 2012); Database Project, Student Coordinator, Indiana University (April, 2011 – May, 2011); Intern, Helsinki Foundation for Human Rights (February, 2011 – May, 2011); Research Assistant, University Maurer School of Law (June, 2010 – August, 2010); Research Department Intern, 2nd District Court of Appeals of Illinois (June, 2010 – August 2010); Manager, Heft Enterprises Inc. (January, 1995 – May, 2010). Organizations: United States Hang Gliding and Paragliding Association, H2 Pilot, Starting June, 2010. Illinois Bar Association, Member, Starting October, 2012. Chicago Bar Association, Member (2012 – 2013). South Bend Civic Theatre, Actress, Starting January, 2012. Elkhart Civic Theatre, Actress, (August, 2013 – November, 2013). American Bar Association Business Law Section, Starting February, 2015. Volunteer: Board Member, Elkhart County Family Services (February, 2014 – August, 2014). Volunteer, Wausau Area Events (2011). Arts and Culture, Volunteer, Habitat for Humanity, 2009.
Social Services, Camp Leader, Camp Adventure, 2007. Volunteer,
Les Restos du Coeur, Civil Rights and Social Action, 2007. Languages: French. Education: University of Mississippi School of Law L.L.M., Master of Laws in Air and Space Law, 3.90 (2014 – 2015). Indiana University Bloomington, Doctor of Law (JD), Law (2009 – 2012). Activities and Societies: Indiana Law Journal, Managing Editor. Journal of Law and Social Equality, Executive Notes and Comments Editor.  Law and Drama Society. Phi Alpha Delta Legal Fraternity. Cornell College, Bachelor's Degree, International Relations; French
(2006 – 2009). Nicolet Technical College, Associate's Degree, Culinary Arts (2001 – 2004).
https://www.linkedin.com/pub/laura-heft/43/b15/43b

Matthew Kelley was hired as Senior Credit Analyst at Deutsche Leasing USA, Chicago, Illinois.  Previously, he was Senior Credit Risk Analyst, West Suburban Bank (January, 2015 – October, 2015); Finance Program Officer, VP & Portfolio Compliance Officer, National Finance Associates, LLC (April, 2006 – October, 2014); Credit and Collections Analyst, Bowe Bell + Howell (April, 2005 – April, 2006); Risk Analyst, Bank of America, Fleet Capital Leasing (April, 2003 – April, 2005); Transaction Analyst, Bank of America, Fleet Capital Leasing (April, 2000 – April, 2003); Lease Negotiations Representative, Heller Financial (July, 1995 – April, 2000); Vendor Finance Program Officer, Inventory Control Analyst, Staff Accountant, Forsythe Technology (1990 – 1995). Volunteer: Arlington Heights Park District, Coach of Youth Athletics (August, 2006 – Present). Education: Northern Illinois University, College of Business, Bachelor of Science, Finance (1985 – 1989). Minor in Economics. Activities and Societies: VP of Finance, Campus Activities Board
https://www.linkedin.com/in/matthewfkelley

Blake Kennedy was promoted to Senior Vice President, Business Development at Bibby Financial Services USA, Greater Atlanta Area. He joined the firm September, 2008 as Vice President of Sales & Marketing; promoted, January, 2014 to Head of Sales-South. Previously, he was Account Manager/Business Development UPS (1996 – 2006). Education: Elon University, Political Science (1990 – 1994).
https://www.linkedin.com/pub/blake-kennedy/b/130/695

Mike Larson was hired as Regional Sales Manager, Balboa Capital, Irvine, California; he is based out of Seattle, Previously, he was Vice President, National Accounts, TIP Capital (March 2014–October 2015); Regional Sales Executive, Key Bank (December 2011–March 2014); Vice President, Sales, Puget Sound Leasing (2004–2010); Regional Sales Manager, American Express Business Finance (2001–2004); Regional Vice President, First Sierra Financial (1997–2001). Education: Portland State University, BS, Business Administration and management, General (1978 – 1982).
www.linkedin.com/pub/mike-larson/21/6b5/807

Brian Lowe was announced as General Manager, Equipment Finance at Summit Funding Group, Inc., Dallas, Texas. He joined the firm August, 2015. He began his career at Legg Mason in the Private Client Group (July, 201-August, 2003); Originator/Account Manager, Bottcher America Co. (June, 2003-May, 2007). July, 3008, he joined GE Capital as Experienced Commercial Leadership Program (ECLP); promoted August, 2009, Credit/Risk, Associate Franchise Finance; promoted, May, 2010, National Sales Manager - Vendor Financial Services (‘NACCO Program’); promoted, January, 2014, Managing Director, Business Development, Vendor Finance, Irving, Texas.
“At GE Capital, Brian managed a team focused on originating new programmatic relationships across the Construction, Industrial, Machine Tool, and Energy industries. Before that, Brian was the National Sales Manager for a Vendor Program with major forklift manufacturers helping them increase sales through financing from their independent dealer network and direct sales team.” Volunteer: Florida Citrus Sports Bowl Selection Committee, Florida Citrus Sports (January, 2012 – Present), Poverty Alleviation Volunteer Experience & Causes. Education: Emory University, Goizueta Business School, MBA, Marketing (2005 – 2007). Activities and Societies: Entrepreneurship, Marketing Club, 'Doing Business in Argentina' Program, Washington Campus, Volunteer Activities. Virginia Polytechnic Institute and State University, BA, Finance, Risk Management (1999 – 2003). Activities and Societies: Kappa Sigma, Intramural Sports (Basketball, Football, Water Polo, Lacrosse), Wine Club, Hokie Football, Pamplin Business School study abroad program in Riva San Vitale, Switzerland. John Carroll High School (1995 – 1999).
https://www.linkedin.com/in/brianlowe

Victoria McManus was promoted to Executive Vice President and Chief Strategic Officer for the Greenbrier Companies. "McManus has more than 20 years’ experience in the finance industry, with emphasis on the rail equipment sector. She was head of Babcock & Brown’s North American Rail Group from its founding in 1999 until mid-2008." She became a director, June, 2009.  Previously, she was President, The CIT Group (1989-1999).
https://www.linkedin.com/pub/victoria-mcmanus/a/11a/5a0

Kim Simmons was hired as Assistant Vice President of the newly established Celtic Bank Leasing & Equipment Finance Group, Salt Lake City, Utah. Previously, she was Senior Marketing Assistant, TAB Bank (June, 2015 - September, 2015); Director of Operations and Marketing, Stalwart Contract Finance, March, 2010; promoted to Syndication Manager, January, 2013.  Prior, Director of Intermediary Relations, ACC Capital Corporation (March, 2002 – November, 2010); Operations Manager, Union Capital Partners, LLC (April, 2007 – March, 2009). Organizations: National Association of Equipment Brokers, Davis County Horse Council, 4-H. "She has served on the Membership Committee for the National Association of Equipment Leasing Brokers (NAELB) and hosted several "Women in Leasing Luncheons" at NAELB's annual conference." Education: Weber State University, Assoc., Business/Finance (1997 – 1999).
https://www.linkedin.com/pub/kim-simmons/19/7b8/454

John Sparta rejoins DLL, Wayne, Pennsylvania, as VP Healthcare Americas. Previously, he worked at Phillips Medical Capital, September, 2011, as Vice President Global Business Development Vice President Global Business Development; promoted January, 2013 to Managing Director. Prior, he was at De Lage Landen, starting out September, 2004, as Director Program Management; promoted, February, 2006, Vice President, Sales; General Manager (March, 2013 - September, 2015). Education: Cabrini College, BS, Business Administration (1987 – 1991). Devon Preparatory School (1984 – 1987).
https://www.linkedin.com/pub/john-sparta/9/94b/780

 

Leasing Industry Help Wanted

 

Press Release

WE'RE HIRING at Our Minneapolis Headquarters Credit Manager This position will be responsible for underwriting small ticket working capital applications up to $250,000 in a fast paced and high volume environment. The candidate will make independent decisions on commercial credit applications through evaluation of business and personal credit reports, financial statements and other credit information. More Collections Representative This position will function as the primary contact for customer concerns regarding loan collection issues. The candidate will act as a liaison between the customer, Channel Partners Capital and 3rd Party Collection Agencies. More Please email cover letter and resume to: careers@channelpartnersllc.com

For information on placing a help wanted ad, please click here:
http://www.leasingnews.org/Classified/Hwanted/Hwanted-post.htm

Please see our Job Wanted section for possible new employees.

 

Leasing News Reaches Your Audience! My Answer to Why a “Help Wanted” Ad in  Leasing News Attract Those with a Job by Christopher Menkin Our competitors still use a "classified ad" section, which basically is the company's full job description. It often is "hidden," meaning you have to search for the section. This does not attract attention because you must go to the classified ad site to find the jobs listed. The advertiser is basically missing those who are employed, not actively looking for a job. This is the group the advertiser should be looking for as a primary target. There are at least one hundred websites that offer the same approach, and work great for general jobs, but not the leasing and finance niche, especially for those already employed who may want to improve their position. http://www.leasingnews.org/Classified/Posting_sites.htm http://www.leasingnews.org/Classified/open_funder.html Leasing News puts a "help wanted" on top of the "masthead" so it is the first thing that a reader sees when they open the news edition or go to the website. The ad is changed in each news edition. It is designed to be a "display ad," not a "classified ad." In addition to the masthead position, the "help wanted" ad also appears in the "news briefs" section, the second most-read section, and it is rotated in each news edition. It is not hidden. It is clearly visible. The full section of "help wanted ads” also appears in each news edition, in each edition, as well as appears on the web site. It also is not “hidden.” The idea of the ad is to draw attention, and have the reader interested in what the company offers from the advertisement rather than a "job description." Most ads then direct the reader to their website for a full job description, if interested, or to a separate flyer. The main idea is to get the reader to make an inquiry. Oh, yes, Alexa states Leasing News is read eight times more than our competitors, and they stay on our website longer to read industry news stories. The “help wanted” ad does not hide. kitmenkin@leasingnews.org Cost Logo on top is free, as well as the web address and information about the address at the bottom. Lines are $595 for the first four and $40 for each additional line or space. The ad will appear for 21 days. For returning advertisers during the year, Leasing News offers 30 days and a reduced rate. Contact: kitmenkin@leasingnews.org Leasing News reserve the right to refuse advertising, particularly to a company that has appeared in the complaint bulletin board or evergreen abuse list.

[headlines]
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Credit/Collections #102 by Ben Carlile

Managing Risk amid High Competition

Help! It’s Quarter 4!  Competition in our lending space is getting tough. Other lenders are approving transactions that we won’t approve and they are pushing down rates and easing approval terms. We have a mandate to grow our new bookings this year by 20%, but through September we’ve only grown by 16%. We’re struggling to book enough volume to achieve our 20% goal. What considerations should guide us as we make the final push to meet our target of 20% and earn our year-end bonuses?

The best answer to that question−from a credit point of view−is found in a company’s Risk Appetite Statement, a far-sighted practice recommended by the Financial Stability Board. A RAS is essentially a formal written description of the amount and types of risks an organization is willing to incur to achieve its business goals. It is an essential part of a lender’s strategic plan because it keeps the firm from unintentionally veering into higher risk areas when encountering the temptation to do so…as when we’re not meeting our year-end volume goals!

Ask yourself: Does my firm have a RAS? Do I know what it says? Do I understand it? Does it adequately measure the risks I see in our business? Does it serve to guide the decisions I make and those of my superiors?

A RAS is typically broad in scope, encompassing many aspects of enterprise risk.  But let’s focus on what it means to us on the ground in the credit department, making credit decisions in our lending segment. Here are a few examples of credit characteristics that should be governed and measured by our RAS:

• Scoring thresholds
• Minimum financial ratios
• Maximum exposure amounts
• Maximum portfolio concentrations
• Approval terms & rates
• Residual assumptions
• Documentation requirements
• Origination sources
• Portfolio acquisition & sale criteria
• Credit decision signing authorities
• Underwriting, verification, auditing & funding practices
• Fraud detection processes
• Compliance protocols

The idea here is that the criteria established for these attributes should not be tampered with unless the changes conform to the RAS parameters.

Management’s tweaks to any of these and similar credit rules should remain set within the defined parameters of the RAS, unless specific exceptions or RAS revisions are justified, properly authorized and documented.

Thus, the RAS serves as a structural tool to keep our well-thought-out credit rules on track throughout the economic cycle and especially during times of fierce competition, when the pressure mounts to loosen our approval criteria. Long term, a RAS is an integral part of establishing an appropriate and sustainable risk culture that should help enable the company to survive and thrive during a severe financial crisis.

To be effective, senior management must appropriately communicate a clear RAS to all applicable employees and stakeholders. In fact, stakeholders and management levels that deal with risk should provide formal input into developing and refining the RAS. After the RAS is approved by a well-informed board of directors, management will implement the RAS across the enterprise, and actively monitor and enforce our compliance with it.

Thereafter, working with the board, senior management will revise the RAS periodically according to established guidelines. Management compensation and performance incentives should be aligned with RAS targets.

As Equipment Leasing and Finance Association members meet next week to discuss the state of our industry, the importance of having a well-executed RAS in a highly competitive environment will be an important topic of discussion. Let’s promote the wide-spread adoption of this commonsense practice to strengthen our industry’s performance and reputation. Additional information regarding implementing an effective RAS can be obtained from various sources, including the Financial Stability Board (FSB):

http://www.financialstabilityboard.org/

Ben Carlile
bencarlile9@gmail.com
www.linkedin.com/in/bencarlile
415.209.3271

Credit and Collections 102 Previous Articles
http://www.leasingnews.org/Conscious-Top%20Stories/credit_collections102.htm

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Leasing Conference –Updates
ELFA Board Retires at the Conferences Natural End
and New Chairman takes over/Sutton to leave End of Year

 

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

“The current Convention count is 978 registered. Online registrations are now closed. However, those who wish to register may fill out the printable registration form (available at http://www.elfaonline.org/events/2015/ac/reg.cfm) and fax it to 202.478.0980. Otherwise they may register on-site in San Antonio.”

The New ELFA Board of Directors begins immediately after the Convention. 
As well as Robert J. Rinaldi, Commercial Industrial Finance, Inc. will become
Past Chairman and William F. Stephenson, DLL, will become Chairman.

It will be the last conference for President and CEO William G. Sutton, CAE, Ret. Rear Admiral. April 27, 2010, Sutton was announced to the position. He retires on December 31, 2015.

Ralph Petta, now COO, takes over as President and CEO on January 1, 2015. He has been with ELFA since 1987. He was named Chief Operating Officer in 2010 and previously served as Vice President of Research & Industry Services. Before joining ELFA, he worked for nine years in the office of U.S. Senator Sam Nunn.

 

Bruce Kropschot

Bruce will be reporting on the conference for Leasing News as well as presenting on Sunday the Leasing News 2015 Person of the Year Award to Valerie Jester, Past President of ELFA and its first female president.  He  will also serve as moderator for a session on Tuesday, Oct. 27, on Valuing a Business in an Acquisition. Other session presenters will include Eric Hanson of Macquarie Capital (USA), Hernan Hernandez of City National Bank, Lawrence A. Marsiello of Pine Brook Road Partners, and Paul Menzel of Financial Pacific Leasing. 

Attendees
http://www.elfaonline.org/events/2015/AC/attend.cfm

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

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

ELFA President and CEO Woody Sutton invites you 
to connect, engage and grow in San Antonio! (1:43)

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

Registration:
https://aglf.memberclicks.net/aglf-fall-conference

Conference Information
Co-Chairs Message
Schedule at a Glance
Keynote Bio: Michael Robinson
Keynote Bio: Adam M. Montella
Keynote Bio: William Sutton 

Registration
Register Online Now!
Print Registration Form 
Sponsorship
Sponsorship Opportunities 
Thursday Night Event
Livin’ in the Moment! Beach Event
Print Purchase Form
Purchase Form Online
(separate payment required) 
Hotel & Travel
Hotel Information
(Please scroll to the bottom of hotel site 
and click on "Book Now")
Travel Information
Things to do in St. Pete Beach

 

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

To reserve your room, visit
http://doubletree.hilton.com/en/dt/groups/personalized/S/SNACCDT-WRC-20151105/index.jhtml

Registration Now Open:
http://www.naelb.org/NAELB_Docs/2015%20Regional%20Meetings/
Western%20Regional%20Registration%20Form%202015.pdf

Exhibitors to Date
(Note: Hall is “Sold Out”)
360 Equipment Finance
Amerisource Funding
Ascentium Capital LLC
Banc of California, N.A.
Bryn Mawr Funding
BSB Leasing Inc.
Capify
Channel Partners LLC
Dakota Financial, LLC
Financial Pacific Leasing, Inc.
Fora Financial
Funding Circle
Go Capital
Huntington Technology Finance
instaCOVER
LeasePath
LoanMe
Marlin Business Services Corp.
Maxim Commercial Capital
NCMIC Finance Corporation
North Mill Equipment Financing LLC
OnDeck
Orange Commercial Credit
RapidAdvance, LLC
Pacific Western Equipment Finance
Paradigm Equipment Finance
Pawnee Leasing Corporation
Preferred Business Solutions
TEAM Funding Solutions
VFI Corporate Finance

 

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

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

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

Register: Early Bird Price $199.00

https://nefassociation.site-ym.com/events/register.aspx?id=625126&itemid=479fa046-18b5-4a6c-8aca-6c60fbade37a

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

Event Schedule
http://www.nefassociation.org/events/Sessions.aspx?id=625126

Registration List
http://www.nefassociation.org/events/RSVPlist.aspx?id=625126

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

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

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

CIT Group Announces Senior Management Succession Plan
Four Major Changes

• CEO John Thain to Retire on March 31, 2016; Will Continue as Chairman of the Board of Directors

• CIT Board Member Ellen R. Alemany to Become Vice Chairman Effective November 1, 2015 and Chief Executive Officer Effective April 1, 2016

• Vice Chairman Steven Mnuchin to Step Down from Management Effective March 31, 2016; Will Remain a member of the Board of Directors

• CIT Corporate Controller Carol Hayles to Become Chief Financial Officer Effective November 1, 2015

NEW YORK—The Board of Directors of CIT Group Inc. (NYSE:CIT), a leading provider of commercial lending and leasing services, today announced that Chief Executive Officer John A. Thain will retire effective March 31, 2016, and will continue to serve as Chairman of the Board of Directors, and that CIT Board Member Ellen R. Alemany will become a member of the management team as Vice Chairman effective November 1, 2015, and upon Mr. Thain’s retirement become Chief Executive Officer. The Board also announced that Vice Chairman Steven Mnuchin will step down from Management effective March 31, 2016, and will remain as a member of the Board of Directors. The Company announced the appointment of CIT Corporate Controller Carol Hayles as Chief Financial Officer effective November 1, 2015.

John R. Ryan
Ret. Vice Admiral, US Navy
Former Superintendent, US Naval Academy
CIT Lead Director

Vice Admiral John Ryan, CIT Lead Director, speaking on behalf of the Board of Directors, said, “John has been a pivotal leader during one of the most challenging times in CIT’s more than 100 year history. Under his leadership he has overseen the successful corporate and financial restructuring of CIT. Since taking the helm in 2010, he returned CIT to profitability; rebuilt its management team; eliminated or refinanced approximately $31 billion of high-cost debt; oversaw the termination of the Company’s Written Agreement with the Federal Reserve; returned more than $1.7 billion to shareholders; established a premier Internet Bank, and completed the acquisition of Direct Capital and OneWest Bank. On behalf of the Board, employees and shareholders we extend our gratitude to John for his success and commitment to CIT.”

Mr. Ryan continued, “As part of our succession planning efforts, we are pleased to announce the appointment of Ellen Alemany as Vice Chairman of CIT as she transitions to her new role as CEO, a position she will assume on April 1, 2016. As an experienced and well respected leader in the commercial banking sector, she is well suited to assume these responsibilities and lead CIT forward. On behalf of the Board we congratulate Ellen on her new position and look forward to working with her in the future.”

Mr. Thain commented, “It’s been a pleasure to lead an outstanding group of employees over the past five years and oversee CIT’s successful restructuring. Their hard work and commitment were critical to our efforts to rebuild and grow CIT and has helped ensure that CIT continues to play an important role in supporting small and middle market businesses, two sectors that remain the backbone of the U.S. economy.”

BACKGROUND ON ELLEN R. ALEMANY

Ellen R. Alemany has been a CIT Director since January 2014 and is a member of the Audit and Regulatory Compliance Committees. She is also a member of the CIT Bank, N.A. Board of Directors.

She is the former Head of The Royal Bank of Scotland (RBS) Americas, the management structure that oversees RBS’ businesses in the Americas. She also served as Chairman and Chief Executive Officer for RBS Citizens Financial Group, Inc. Prior to RBS, Alemany served as Chief Executive Officer for Global Transaction Services of Citigroup. She held a number of senior positions during her tenure at Citigroup including Executive Vice President for the Commercial Business group, President and CEO of CitiCapital. She also held a number of executive positions in Citigroup’s Global Corporate Bank, including Customer Group Executive of North American markets, Global Industry Head of Media and Communications, U.S. industry Head of Consumer Products, and Executive Vice President of Citibank and Customer Group Executive for the Global Relationship Bank in Europe, based in London.

Alemany received her MBA in finance from Fordham University. She serves on the Boards of Fidelity National Information Services, Inc. (FIS), Automatic Data Processing, Inc. and the Center for Discovery.

BACKGROUND ON CAROL HAYLES

As CFO, Hayles will serve as the Company’s Principal Financial Officer and oversee all financial operations including the Accounting, Planning, Tax, Treasury and Investor Relations departments.

Previously she served as Executive Vice President and Corporate Controller where she was the Company's Principal Accounting Officer responsible for the Company's accounting functions, SEC and regulatory reporting and the associated controls activities.

Prior to CIT, Hayles spent 24 years at Citigroup Inc. where she served as Deputy Controller, leading the SEC and regulatory reporting functions. Before this, she held various leadership positions in Finance, including Senior Analyst in Investor Relations, Chief Financial Officer of Citibank's e-Business, CFO of Citigroup's Global Relationship Bank and CFO of Citibank Canada. During her tenure in Canada, she also worked in internal audit, real estate lending and other finance positions.

She began her career at Price Waterhouse in Toronto, Canada. She received her BBA from York University.

About CIT

Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $65 billion in assets. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more than $30 billion of deposits and more than $40 billion of assets. It provides financing, leasing and advisory services principally to middle market companies across more than 30 industries primarily in North America, and equipment financing and leasing solutions to the transportation sector. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. cit.com

 

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CIT Announces Strategic Initiatives Designed to Further
Its Transition to a U.S. Commercial Bank

• Exploring Strategic Alternatives for $10 Billion
Commercial Air Business
• Exploring Sale of CIT Canada and CIT China Businesses

NEW YORK-- CIT Group Inc. (NYSE:CIT), a leading provider of commercial lending and leasing services, today announced a series of strategic initiatives that are designed to advance the Company’s transition to a U.S. Commercial Bank. The Company announced that it would explore strategic alternatives for its $10 billion Commercial Air business, and sell its CIT Canada and CIT China businesses.

John A. Thain
Chairman/CEO
CIT Group

Over the past five years we have made significant progress in transforming CIT, said John A. Thain, Chairman and Chief Executive Officer. Following the completion of our OneWest Bank acquisition, we have decided to explore the strategic alternatives for our Commercial Air business and to sell our non-transportation-related businesses in Canada and China. These strategic initiatives will position CIT for long-term success by further simplifying our bank-centric business model as we focus on meeting the financing needs of our U.S. small business and middle market customers. We believe these decisions will increase shareholder value.

CIT maintains one of the leading commercial air franchises in the world with one of the youngest and most technologically advanced fleets. It owns, finances and manages a fleet of more than 350 commercial aircraft serving approximately 100 customers in 50 countries. It provides leasing and financing packages, including operating leases and structuring and advisory services, for commercial airlines worldwide.

These announcements will further advance CITs efforts to simplify and realign its business model and will substantially complete its exit from its international businesses.

About CIT
Founded in 1908, CIT (NYSE:CIT) is a financial holding company with more than $65 billion in assets. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more than $30 billion of deposits and more than $40 billion of assets. It provides financing, leasing and advisory services principally to middle market companies across more than 30 industries primarily in North America, and equipment financing and leasing solutions to the transportation sector. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. cit.com

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OnDeck Expands Product Set To Meet
Full Range of Small Business Financing Needs

NEW YORK, -- OnDeck® (NYSE: ONDK), the leader in online lending for small business, today announced a major expansion of its product suite. The company now offers the online lending industry's widest range of term loans and lines of credit, designed to meet the vast and varied financing needs of small businesses.

Small business owners need financing at every stage of their business' lifecycle, whether to take advantage of short-term growth opportunities like buying inventory, make longer-term investments like major equipment purchases, or manage working capital. OnDeck's expanded credit solutions are designed to scale with a business as it matures as well as provide rapid access to capital at competitive rates and with outstanding service.

Key features of the new product set include:

• Expanded term loan range: $5,000 - $500,000 with 3-36 month terms (up from $5,000 - $250,000 with 3-24 month terms)
• Increased line of credit range: Up to $100,000 (up from $20,000) with a low $20 monthly fee and no draw fees
• Lower rates for select customers: Annual interest rates as low as 5.99% and loyalty pricing benefits for repeat customers

 

Noah Breslow
CEO, OnDeck

"Small businesses are the lifeblood of our economy and at OnDeck we are constantly striving to better serve the full spectrum of their varying capital needs," said Noah Breslow, chief executive officer, OnDeck. "This natural expansion lets businesses seek longer terms and larger loans from OnDeck, and provides our existing and prospective customers with more options to finance their growth. Through the power of our fifth-generation OnDeck Score, our economies of scale, and our unmatched customer service, OnDeck now offers credit solutions for virtually any small business financing need."

Since 2007, OnDeck has harnessed its proprietary technology, including the OnDeck Score®, to assess the health and outlook of a business in real-time and deliver streamlined capital access to the largely underserved small business community. As a result, the company has delivered more than $3 billion to small businesses to date. This latest product expansion will provide business owners with ongoing resources and support to grow their businesses with confidence and allows OnDeck to serve an even greater customer base, including larger and more established businesses.

"I received $250,000 from OnDeck to help with the associated construction expenses of my new veterinary practice," said Deborah Perzak, DVM, owner of Woodruff Road Animal Hospital in Simpsonville, South Carolina and recent OnDeck customer. "The two year term and weekly repayment drafts have allowed me to better control cash flow and ease stress. I greatly appreciate all that OnDeck has offered and the fact that the entire process was handled professionally and went very smoothly."

Beyond the enhanced product suite, all OnDeck customers are given access to OnDeck Advantage, the company's benefit program which includes pricing benefits for repeat customers, business credit reporting and credit education tools, dedicated loan advisors, comprehensive small business resources from OnDeck and special access to SCORE, the nation's largest network of free expert business mentors.

"Small business owners need a lender they can trust and grow with, so they can focus on what's most important to them – their own customers. We're delighted to lead the market in helping such an important community thrive," said Breslow.

For more information about OnDeck's expanded products and lower rates, visit www.OnDeck.com.

About OnDeck

OnDeck (NYSE: ONDK), the leader in online lending for small business, is committed to powering Main Street's growth through lending and technology innovation. Using advanced technology, analytics and the OnDeck Score® – the company's proprietary small business credit scoring system – OnDeck makes real-time lending decisions based on thousands of data points and a business' individual needs. By combining its proven credit platform with outstanding customer service, OnDeck offers small businesses a complete financing solution, including a range of term loans and lines of credit as well as a streamlined process that respects a small business owner's time.

OnDeck also partners with small business service providers, enabling them to seamlessly connect their customers to OnDeck financing. OnDeck's diversified loan funding strategy enables the company to fund small business loans from various credit facilities, securitization and the OnDeck Marketplace®, a platform that enables institutional investors to purchase small business loans originated by OnDeck.

Since 2007, OnDeck has deployed more than $3 billion to more than 700 different industries in all 50 U.S. states and Canada. The company has an A+ rating with the Better Business Bureau and operates the website BusinessLoans.com which provides credit education and information about small business financing. OnDeck is a publicly traded company on the New York Stock Exchange.

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

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

Leasing News: Labor Day Special
By Fernando Croce

With Halloween just around the corner, we’ve put together a two-part catalog of classic frightfests to go with your pumpkin treats. Check back next week for even more indelible horror tales.

Frankenstein (James Whale, 1931): Mary Shelley’s timeless cautionary fable gets its definitive screen treatment in this unforgettable version, which turned Boris Karloff into a horror icon. The title of course refers to the driven young scientist (played by Colin Clive) whose obsession with re-animating lifeless tissue culminates with experiments to bring the dead back to life. From his laboratory emerges a lumbering creature (Karloff), who stumbles around the tiny village exuding a sort of monstrous innocence. An inventive and sensitive filmmaker with a marked fondness for outsiders, James Whale brings the story to vivid life, with certain scenes (such as the creation of Frankenstein’s Monster) becoming essential part of cinema’s horror legacy. At the center of it all is Karloff, striking a magnificent balance between horror and pathos.

Mad Love (Karl Freund, 1935): Though not as famous as 1930s horror classics like “Dracula” or “The Mummy,” this atmospheric gem offers several indelibly creepy moments. In his Hollywood debut, the inimitable Peter Lorre stars as Doctor Gogol, a man fixated on a young theater actress named Yvonne (Frances Drake). When he learns that she plans to give up acting to settle down with her pianist husband Stephen (Colin Clive), Gogol takes dramatic action by replacing the husband’s hands with those of a murderer. As Stephen seems to become uncontrollably drawn to knives, the psychotic doctor moves in on his beloved object of obsession. Baroquely directed by the great cinematographer Karl Freund (“Metropolis”), this chilling movie is suffused with an atmosphere that mixes gothic dread and twisted desire.

It's the Great Pumpkin, Charlie Brown (Bill Menendez, 1966): No holiday celebration is quite complete without a special episode of the Peanuts Gang, and this Halloween-themed special ranks high among fans of Charles M. Schulz's beloved animated characters. While Charlie Brown, Lucy and the other kids are busy choosing costumes for their trick-or-treating party night, Linus is more interested in being visited by the Great Pumpkin, the magical creature that he believes brings candy to children on Halloween. As he waits on the pumpkin patch, however, will his belief be enough to make the fantastical real? One of the funniest Peanuts specials, this delightful short is, like their episodes on Christmas and Easter, a humorous and thoughtful rumination on the true meaning behind a holiday.

Deep Red (Dario Argento, 1975): Known for his almost operatically stylized use of violence and color, Italian frightmaster Dario Argento is in top form in this terrifying whodunit. As a slew of murders take place around Turin, a musician named Marcus (David Hemmings) kicks off a risky investigation of his own. Himself a witness to one of the gruesome killings, Marcus is joined by a brassy reporter (Daria Nicolodi) in interviewing suspects and collecting clues. The closer they get to the black-gloved culprit, however, the more they uncover a web of trauma reaching back decades. Inspired by Michelangelo Antonioni’s Swinging London mystery “Blow-Up,” Argento breaks his story into sharp shards and challenges viewers to piece it back together. The dizzying results would make Hitchcock proud.

The Howling (Joe Dante, 1981): The werewolf mythos gets some welcome new blood in this terrific horror-comedy from director Joe Dante (“Gremlins”). Beginning in Los Angeles, the plot follows reporter Karen (Dee Wallace) as she seeks some therapy at a secluded psychiatric retreat after a traumatizing brush with a murderous criminal. Instead of relaxation, however, she finds a colony of supernatural creatures run by the suspicious Dr. Waggner (Patrick Macnee). Can she find a way to bring the truth to the world before it’s too late? A movie-buff turned moviemaker, Dante injects elements of New Age satire into the story without resorting to derision, instead treating the horror and mystery of his lupine beasties with true fondness. Keep an eye out for inspired in-jokes and tongue-in-cheek cameos.

Poodle Blend
Atlanta, Georgia  Adopt-a-Dog

Bobadook
Male
Age: 2 years
Weight: 8 pounds

"Stunning, just stunning. This boy has personality and looks that are both beautiful. He doesn't let all our praise go to his head. He sat perfectly for his photos and due to his incredible looks, it only took a few minutes to get wonderful pictures. He has been very playful and engaging with the other dogs, truly enjoying their companionship. He is social and friendly with people. It sounds like this boy has it all. Rush on down if you want Babadook for your own!"

Babadook is available for adoption Tuesday through Sunday.

How to Adopt
https://www.atlantapetrescue.org/our-pets/how-to-adopt/

Atlanta Pet Rescue & Adoption
4874 S Atlanta Rd SE
Atlanta, GA 30339
Office: (404)815-6680
Email: info@atlantapetrescue.org

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

News Briefs---

GATX 3rd Quarter Reports Results - 23% Decline
http://www.nasdaq.com/article/gatx-corp-reveals-23-decline-in-q3-earnings-20151022-00681

High times ahead for Canadian rails, No Keystone Pipe Line
halt to expansion of Alberta’s northern tar sands
http://ccrail.com/high-times-ahead-for-canadian-rails-including-via-rail-canada/

Caterpillar Slashes Outlook on Weak Demand
 sees sales falling for fourth straight year in 2016
http://www.wsj.com/articles/caterpillar-slashes-outlook-1445515375

Farm machinery taps into sharing economy trend
things have been quieter at equipment dealerships
http://www.iowafarmertoday.com/news/regional/farm-machinery-taps-into-sharing-economy-trend/article_56426cec-7804-11e5-a1d9-23e991c69a3a.html

U.S. existing home sales surge in September
sales grow to the second-highest pace in eight years
http://www.denverpost.com/business/ci_29008366/u-s-existing-home-sales-surge-september

Amazon’s Jeff Bezos is the third-richest man in the nation
http://nypost.com/2015/10/22/amazons-jeff-bezos-is-the-third-richest-man-in-the-nation/

How to Comply with 2015 FASB Lease Accounting Changes
Michael Keeler and Bruce Conway, LeaseAccelerator (32 pages)

 

 
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--You May Have Missed It

Get used to Amazon being a profitable company
http://www.wired.com/2015/10/get-used-to-amazon-being-a-profitable-company/

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SparkPeople--Live Healthier and Longer

Debunking 4 of the Top Obesity Myths
http://www.sparkpeople.com/blog/
blog.asp?post=debunking_4_of_the_top_obesity_myths

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 WHY BASEBALL WALTZES WITH LETTERS
   by Tim Peeler

A Faulkner sentence is an extra inning game, Simply and finally playing through its Will and exhaustion.
Third Base Coach signals are ee cummings poems-
Gimmicky, sure, but meaningful in their color
When you break the code. 
The prisons play contests of Bukowski prose,
Where a stolen base may be a literal image
And everybody gambles nothing. 
Weird killers load the bases at a
Stephen King Little League field, the sequel,
A grand slam promise at the bank. 
Although Poe would never sit through nine,
His words are a dark season in the cellar,
A team leaving town and the death of a Beautiful groupie. 
Finally, Wolfe who wrote slugfest
Double-headers played to million-footed
Throngs, then flickered like so many other
Stars never meant for extra innings.
-
---  with the permission of the author, from his
book of baseball poetry:
“Waiting for Godot's First Pitch”
    More Poems from Baseball 
Available from Amazon or direct from the publisher at: www.mcfarlandpub.com

 

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Sports Briefs----

Another rivalry dead: Seahawks-49ers just isn't nearly as fun anymore
http://sports.yahoo.com/blogs/nfl-shutdown-corner/another-rivalry-dead--seahawks-49ers-just-isn-t-nearly-as-fun-anymore-035638387.html

Don Mattingly out as Dodgers manager
http://www.latimes.com/sports/la-sp-dn-dodgers-don-mattingly-20151022-story.html

Super Bowl: Santa Clara restaurant stuck in Levi's Stadium
   security zone, shut out of Super Sunday week
http://www.mercurynews.com/49ers-stadium/ci_29002745/super-bowl-santa-clara-restaurant-stuck-levis-stadium 

 

 

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California Nuts Briefs---

CalPERS orders former Loomis fire chief to pay back $450,000
http://www.sacbee.com/news/local/article40764633.html

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“Gimme that Wine”

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

Why this Coors descendant is getting into Napa wine
http://www.bizjournals.com/sanfrancisco/blog/2015/10/coors-brewing-tap-goosecross-winery-napa-tap.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