Orix In Trouble---Appoints Balilock


by Christopher Menkin


Orix promotes Barry L. Balilock to "senior vice-president and group manger, to over see credit administration as the once influential finance/leasing industry flounders for business and good credits.


Blailock appears to be a "rush to judgment" appoint as the announcement says, "

joined OFS in August of 2001 as vice president/credit manager for the Construction & Transportation Segment (CTS) of EFG. His extensive knowledge of the industry and of credit underwriting standards and procedures has been instrumental in the success of the Group."


Prior to joining OFS, Blailock held various credit management positions with companies within the equipment financing industry including The CIT Group, Concord Commercial Corporation and Commercial Credit Equipment Corporation/McCullagh Leasing Inc.


ORIX Financial Services is an indirect wholly owned operating subsidiary of ORIX Corporation, a leading diversified financial services organization with assets in excess of $49 billion. To say the least, the company has seen better days, but then, havenít we all.

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