Affinity Leasing, Washington (12/2000) to close and concentrate on Financial Pacific biz

    Banc One Leasing ( 12/2000 Lays Off 60, Closes 5 offices )

    Capital Associates, Denver, Colorado (12/2000) (no longer doing business, filing bk?

    Denis Horner (12/2000) acquired by Sandy Spring Nat'l Bank ans subsidiary of OLNEY, MD dased Sandy Spring Bancorp


    Finantra (11/2000) will eliminate its commercial finance operations in order to focus on its two core finance platforms, consumer finance and services and consumer mortgage lending.

    Metwest Leasing, Spokane Wa. (11/2000) Metwest Leasing Spokane, WA is pulling the plug, confirmed by 5 sources.  ( 9/2000)  Advising brokers that they have run out of funds so they are unable to fund a transaction we have there for funding.

    Resource Leasing, Herndon, Virginia ( 11/2000) MicroFinancial/Leasecomm acquires major portion of the assets.)

    Signature Leasing, Dublin, California ( 11/2000 no longer in small ticket marketplace )

    Transamerica ( 11/2000 for sale, but no buyers, so taken off marketplace, no longer for sale )

    Varilease ( 11/2000 closed down ) Not the same as Varilease Financial, Detroit Michigan  


    Liberty Leasing, Des Moines, Iowa ( 10/2000 closed, selling portfolio, owned by  Commercial Federal Bank, Omaha, Nebraska )


    Bay View Bank (9/2000)  discontinuing all franchise loan and lease production.

    Charter Financial ( purchased by Wells Fargo 9/5/2000 )

    Leasing Solutions, San Jose ( bankrupt ) (9/2000) Files BK (10/1998) stock loses more than 50% of value in a single day with announcement that auditors were forcing LS to write down the residual values of a small portion of equipment returned for remarketing. After a long stream of announcements of ongoing negotiations, forbearance periods, the establishment of an internet strategy (yes, the lenders let them use cash for that rather than apply it against borrowings!)

    Onset Capital ( 9/2000 Irwin buys 87% equity )

    SFC Capital ( 9/15/2000 purchased by Trinity Capital )


    Newcourt ( 8/2000 sold off )


    Lease Acceptance Corp---( ceases broker business 7/26/2000)


    American Business Leasing ( gone ) 6/2000

    Merit Leasing, California ( gone ) 6/2000

    New England Capital ( 6/2000) sold to Network Capital Alliance a division of Sovereign Bank.  Sovereign did hire two people who will run a sales office in CT, doing basically the same deals with the same people as before. Little will change in that aspect.

    Prime Capital, Chicago ( 6/2000 closed )

    Prime Leasing, Minnesota ( no longer doing business) 6/2000

    Scripp Financial ( 6/29/2000 ( purchased by US Bancorp )


    Metrolease--( 5/2000)  reports closing operation, John Blazek at Evergreen Leasing,  Hathcock losing assets, will not confirm nor deny; many serious rumors of serious fraud floating around the marketplace, including debt to Textron Financial, reported to file BK.

    USA Capital Leasing ( 5/2000 ) creditors force Chapter 7 ( 4,2000 ) file chapter 11bk

    Phoenix (5/2000) both divisions closed


    Copelco (4/2000) sold to Citibank (10/2000) stock down rated ceases broker business, many complaints to manner turning off faucet. 

    FMA Financial, CA (4/2000) reportedly closed to brokers

    Fidelity (4/2000) acquired by EAB, a wholly owned subsidiary of ABN AMRO Bank N.V.,  headquartered in the Netherlands, raising funds.


    First Capital Group (3/2000) sold by First State Bancorporation for approximately  $62.5MM. They were acquired by First Banks, Inc. of St.Louis. Since that time they  have grown from $62.5MM to $175MM and are continuing to do business in the middle market arena.,aka David W. Friiede  

    First State Bancorp, Albuquerque, N.M ( 3/2000 sold leasing division-$64 million)

    NIA National Leasing ( 3/2000 purchased by Lakeland Bancorp )


    The Bancorp Group, Inc., Southfield, MI ( 2/2000) Not accepting news business. The BOD of the parent bank is assessing what to do with the Leasing subsidiary.....currently servicing portfolio but not originating. no longer in business.

    Franklin Leasing, Des  Moines, Iowa--owned by Liberty Bank-- (2/2000)-no longer writing lease, limited by regulations and leases are for sale.

    PLM International (2/2000) MILPI Acquisition Corp completes cash offer for outstanding stock.

    Source Capital, Spokane, Washington, (2/2000) Issues $.22 per share cash dividend, $1 million net income, 4% decrease from previous year.  (11/2000) ceases accepting broker applications.


    BankVest (1/2000) files voluntary bankruptcy (12/99) involuntary petition filed by Orix and  2 smaller banks.  (11/99) sales disbanded (10/99) ARB walks from purchase (8/99)  Fleet pulls their credit line.


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