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Independent, unbiased and fair news about the Leasing Industry



Monday, July 30, 2012

Today's Equipment Leasing Headlines

Mazuma Takes Exception on Being on Evergreen List
   Classified Ads--- Collections/Controller
  Lease-$mart joins
   Companies who notify lessee in advance of lease expiration
    and require their discounter to also notify lessee in advance
       You can watch the Olympics live here
Career Crossroad—
 "Next cubicle always complaints about her job."
   Classified Ads---Help Wanted changes it claim
     ---Not number #1
  Leasing 102 by Mr. Terry Winders, CLP
   “What is a SWAG residual?”
     Top Stories July 23--July 27
  Bank Beat
   --Ninth Bank to Close in Georgia, 2nd in Jasper
     Leasing Conferences--ELFA/NEFA “Early Bird” to Expire
     ---Plus up-date on exhibitors and speakers
       America’s Biggest Advertisers
       24/7 Wall St. Wire
     Setter/English Border Collie
     Atlanta, Georgia Adopt-a-Dog
       Poem by Barry S. Marks, Esq.
        Classified ads—Accounting / Aircraft / Appraisals
News Briefs---
 FDIC sues insiders at failed Georgia bank
  TD Bank, Royal Bank, Bank of Nova Scotia dimmer outlook from S&P
   Eastern Bank will merge with Brockton-based Community Bank
    CNN chief throws in the towel
     In India Companies Q1 net profit falls 12% since last quarter
      Military drafted in to fill empty seats at London Olympics

Broker/Funder/Industry Lists | Features (collection)
Top Ten Stories Chosen by Readers | Top Stories last six months

  You May have Missed---
   SparkPeople--Live Healthier and Longer
    Sports Briefs---
     Baseball Poem
      California Nuts Brief---
       "Gimme that Wine"    
          This Day in American History
           Daily Puzzle
               Weather, USA or specific area
                 Traffic Live----

######## surrounding the article denotes it is a “press release” and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer. It is considered “bias” as it is the writer’s viewpoint.

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Mazuma Takes Exception on Being on Evergreen List

Letter from H. Jared Belnap,
President & CEO, Mazuma Capital Corp.

“Mazuma Capital Corp., hereafter (“Mazuma”) is represented by the Firm Prince, Yeates & Geldzahler, with Glenn Bronson as outside counsel. We are actively looking into a matter for a possible Trade Libel concerning the article posted on the Leasing News site titled “Companies who do not notify Lessee regarding termination” which was posted on July 12, 2012.

“We believe that you have crossed a line in by posting known ‘allegations’ and ‘claims’ in the context of proven ‘fact’ by stating that Mazuma was actively engaged in ‘taking advantage of…using evergreen clauses...and not providing notice’ to our clients. The use of this information in this manner may have opened you up to potential liability for Libel.

“Mazuma is willing to not pursue this issue any further if you will honor your commitment to me in your last correspondence by posting a full retraction of the article, remove reference to Mazuma Capital in the original post and release the following response in its current form and entirety from Mazuma;

“No attempt to contact Mazuma Capital was ever made prior to the posting of this article by Leasing News, its employees or agents concerning the subject matter of the article. Mazuma Capital vehemently denies ALL of the allegations that were presented in the suit brought by Anderson Dairy and the matter was settled out of Court.

“Mazuma has never been found liable for any allegations of any kind that are in any way similar to the claims and allegations that were made in that lawsuit. In fact the amended claims made in that lawsuit were identical in nature to claims made in another case brought by Worldwide Printing and Distribution, Inc. against defendant Tetra Financial Group, LLC., by the same law firm representing this client. Which by the declaration of James R. Moore, as a matter of public record, in this case were stated as ‘We now realize the allegations and counterclaims alleging fraud, civil conspiracy or other tortious conduct we made were based on inaccurate assumptions about the underlying facts and speculation of our counsel at Parsons Behle & Latimer.’

“Mazuma Capital is actively engaged in policies and procedures that require their salespeople to contact Lessee’s prior to the End of Term notification as called for in the Lease documents, to discuss the Lessee’s options at the End of Lease. Furthermore, we have always prided ourselves as being proactive in the marketplace in an effort to exceed customers’ expectations and provide transparency

“Mazuma Capital has never had the policy or used any document or form in any manner or context that contains an ‘evergreen clause’ as falsely stated in this article.”

H.Jared Belnap
President & CEO
CC: Glenn Bronsen


There are a number of issues brought forth in this letter. Let's take the main reason for the letter ((a copy of the “Companies Who Do Not Notify Lessee regarding termination nor have such a standard for their discounters listing follows (1)). The Tetra and Mazuma case was "settled;" however the reason for the listing is in the court documents, as included in the article, and so stated in the article: It is the actual Mazuma Capital "purchase option."

Specifically, the basis of most of the litigation, an angst over the use of the Evergreen Clause, is found in Paragraph 21(k) of the lease, which sets forth three so-called “options” at the end of the lease. The paragraph in my opinion is quite confusing, I believe even for a trained legal mind to discern.

Mazuma Capital Purchase Option

“Lessee’s Option at Maturity Base Period. At the maturity of the Base Period of any Lease, Lessee shall, provided at least one-hundred and twenty (120) days prior written notice is received by Lessor from Lessee via certified mail do one of the following: (1) purchase the Property for a price to be determined by Lessor and Lessee; (2) continue the Lease for twelve (12) months additional months at the rate specified on the respective Schedule, or (3) terminate the Schedule and return the Property to Lessor at Lessee’s expense to a destination within the continental United States specified by Lessor, provided however, that for option (3)to apply, all accrued but unpaid late charges, interest, taxes, penalties and any and all other sums due and owing under the Schedule must first be paid in full, the provisions of Sections 8a, 8b and 9c hereof must be specifically complied with and Lessee must enter into a new Schedule with Lessor to Lease property which replaces the Property based on the old Schedule. With respect to options (1) and (3), each party shall have the right in its absolute sole discretion to accept or reject any terms of purchase of any new Schedule if applicable. In the event Lessor and Lessee have not agreed to either option (1) or (3) by the maturity of the Base Period or if Lessee fails to given written notice of its option via certified mail at least one hundred twenty (120) days prior to the maturity of the Base Period, or if an Event of Default has occurred under any Lease, then option (2) shall apply at the maturity of the Base Period. At the maturity of the continued period provided for in option (3) above, the Lessee shall continue in effect at the rate specific in the respect Schedule for successive period of six (6) months each subject to termination at the maturity of any such successive six month continuation period by either Lessor or Lessee giving the other party at least thirty (30) days prior written notice of termination."
     Paragraph 21(k)

The first option is to purchase the equipment for a price to be determined by Lessor and Lessee. This sounds like a fair market purchase option, but the “price to be determined” language means that the Lessor can set any price it wants. This option is illusory in my opinion.

The second option is to continue the lease for an additional 12 months, the “Evergreen” period. No notice of this provision is given to the lessee either in advance of signing or prior to exercising this option. Republic Bank purchases these 12 month extensions in advance of their exercise. How would the bank know that the lessee is going to exercise this option, unless everyone knows it is the only practical option for the lessee to exercise? Republic Bank President Boyd Lindquist confirmed in a telephone call that he “buys” these extensions from Mazuma and has for quite some time.

The third option is to return the equipment, but the clause is draped with the condition that the lessee has to re-lease identical equipment for a similar term. So what is the point of exercising this option? At the end of this re-lease, there would be the same three identical options, so the lessee would be required to re-lease and re-lease. It’s just like Groundhog Day.

Ultimately, because the first and third “options” are illusory, everyone knows the lessee has no choice but to sign a 12 month extension, and hence, Republic Bank purchases these extensions prior to their existence.

The letter from H. Jared Belnap raises two issues

First, is the statement that they never use “Evergreen Clauses.” Given the very clear forced renewal charges set forth in Para 21(k) of their lease, I believe that Mr. Belnap may be confused as to what an “Evergreen Clause” is or isn’t. In my judgment, Paragraph 21(k) is the classic “Evergreen Clause,” albeit draped in confusing language. Leasing News would invite Mr. Belnap to explain how he defines an “Evergreen Clause.”

The second issue is that assuming there is an Evergreen Clause, Mazuma gives the lessee advance notice of the provision. That may be true, but there is no practical way to avoid the forced renewal because the other two end of lease options are, in my opinion, illusory. It is a forced renewal, as evidenced by Republic Bank purchasing the renewal contracts in advance of the exercise of this option. Leasing News would invite Mr. Belnap to confirm or deny that Mazuma actually assigns these contracts prior to the exercise of the renewal option.

There are other court cases, including one in Maine, "House of Flavors," that Tetra Financial Group lost due to the same type purchase option (2).

As to the issue of not communicating with Mazuma, the facts are for over eight months I have attempted to reach officers, at first on the position regarding Evergreen Clauses. I also communicated with Mazuma PR & Marketing Jewls (Julie) by telephone, email, and LinkedIn about joining the Leasing News "Funder" list and sent her the form several times (requires bank or investor verification to be listed). This went on for at least 45 days, and then on December 17, 2011, I decided to run some states’ UCC on Mazuma (4); then I called a few bankers from the assignments noted on the UCC and the transactions were all non-recourse that I contacted. The issue if not recourse, then by IRS rules, as I understand it, is not an "operating lease," especially if the 12 month extension are pre-sold. I am not a CPA, but certainly would question the transactions for tax purposes.

While it is not uncommon for banks to discount "purchase options," in this case it is a 12 month extension or "Evergreen clause," in my opinion. The involvement Mike Lee, ex-member of the board of directors of Mazuma Capital Corp., now US Senator Mike Lee, in these transactions with Republic Bank is unknown at this time.

I consider the “funder” definition (5) investigation that I started over eight months ago as an "active story" under development, continuing to seek public information.

My reply did not contain any retraction offer, but was basically to request a comment or statement to be printed in Leasing News. I appreciate your response to set forth your opinion.

Kit Menkin, editor

(1) Companies Who Do Not Notify Lessee regarding termination
nor have such a standard for their discounters

(2) House of Flavors

(3) US Senator Mike Lee

(4) “To qualify for this list, the company must be a "funder" and not a "Broker/Lessor" or "Super Broker/Lessor". The company may sell off its portfolio from time to time, but the definition is for a company or financial institution where 50% or more of its business is from actually "funding" transactions themselves, where they are on "recourse." Every non-public company' banker and/or investor(s) are contacted to verify this. “

(5) Copy of December 17, 2012 first page:

Note: Complete 86 UCC Filings State of Utah
(Type in Mazuma Capital Corp.—click view to see all information)

• Contract Negotiations • Fraud Investigations
• Credit Investigations • Skip-tracing
• Third-party Commercial Collections
John Kenny
Receivables Management

For flat fee or commissions basis | ph 315-866-1167|

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




Classified Ads--- Collections/Controller

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


Port St Lucie, FL
20+ yrs exp. commercial collection/late stage specialist. 
Prefer to work from home based office or transfer to Sarasota | Resume


Chicago, IL
experienced in lease accounting, operations, management, and Sarbanes-Oxley. Seeking position with equipment lessor. Would consider contract assignments or relocating. 
Southeastern, MI
Controller & Management experience w/ equip lessors &broker. MBA, CPA w/ extensive accounting, management, securitization experience with public and private companies. Willing to relocate. 

Southern CA
20 years exp. as hands-on leasing CFO, managing accounting, treasury, FP&A, including securitizations, Great Plains/FRx, budgets, risk management.  MBA.  Also available as interim Controller/CFO, consultant. 

Free Posting for those seeking employment in Leasing:

All “free” categories “job wanted” ads:



Companies who notify lessee in advance of lease expiration
and require their discounter to also notify lessee in advance

Lease-$mart, Oro Valley, Arizona

"We have our own portfolio of leases on which we ALWAYS notify our Lessees of their upcoming lease-end and give them options for purchase or renewal at a reduced rate. The renewals are invoiced every month INCLUDING A REMINDER that the minimum term has been satisfied and they can purchase at any time. We do not use any automatic 12-month renewals, nor any similar 'gotcha' clauses.

"In addition, we make great effort to monitor our various brokered transactions to make sure that they do not blindly go into a continuing rental, unless the Lessee specifically intends for that result. Our transaction management system alerts us to follow up with our Lessees 3 to 6 months before the scheduled lease termination date so that OUR clients are not subject to this abuse by unethical lenders.

"I have personally spent countless hours and fought hundreds of battles on behalf of my Lessee-customers to make sure that they get what they were promised. We always keep every approval, every quote and every signed document in connection with our leases, so that we always have proof in support of our clients claims for $1 purchase options, or other fixed-price residuals. This is key, because our Lessee customers don't always have perfect record-keeping and filing systems. I estimate that simply having complete documentation in our archives has saved our customers in excess of $100,000 in abusive assessments by Lessors who are lacking in moral conscience and basic business ethics. They sometimes attempt to take advantage of the unsuspecting good businessmen and women we work with, but we come prepared - armed with the facts of the transactions - and the 'tickler' system to protect our customers from their schemes.

"We strongly support what you and Leasing News are doing to shine a light on this unethical practice which blemishes our entire industry. Keep up the good work!"

Gary Greene, CLP BPB


Companies who notify lessee in advance of lease expiration 
and require their discounter to also notify lessee in advance

ABCO Leasing
Advantage Funding
Agility Ventures LLC
Allegiant Partners
American Leasefund, Inc. 
Balboa Capital Corp. 
BancLease Acceptance Corporation 
Bank of Ozarks Leasing 
Bankers Capital
Bank of the West, Indirect Equipment Finance 
Black Rock Capital
BSB Leasing
Capital Technology & Leasing, LLC
Cobra Capital, LLC
Commerce National Bank
Dakota Financial, LLC
Direct Capital

Financial Pacific Leasing 


Five Point Capital, In
Forum Financial Services, Inc. 
Gonor Funding
GreatAmerica Leasing
Innovative Lease Services, Inc.
Madison Capital
Manufacturer's Lease Plans, Inc 
Marquette Equipment Finance
Mesa Leasing
Maxim Commercial Capital
Mount Pleasant Capital
National Machine Tool Financial Corporation
Navitas Lease Corp. 
Northwest Leasing Company
P&L Capital Corporation 
Pacifica Capital 
Pawnee Leasing Corporation

Southern California Leasing, Inc 
Standard Professional Services, LLC
TEAM Funding Solutions
Vehicle Lenders Group, LLC





You can watch the Olympics live here

There is a live schedule you can click to see the actual schedule, not planned printed schedule.

You can get information, too, and look upper right for “Watch the Olympics Live.”

Carson Daily describes how to set it up---It seems you push “get started” and then your cable connection—select TV provider.

Then sign in. I believe using your email address and password to send email if Comcast or whatever connection you are using for your digital device.



Career Crossroad
"Next cubicle always complaints about her job."

I have a colleague that is consistently complaining about her job. I sit in the next cubicle and it has become very annoying. How do you suggest I handle?

It is inappropriate, unprofessional and counterproductive. I would ask her to join you for lunch and have a candid but friendly conversation. Express to her that you prefer being in a positive work environment and though there may be “issues” and she may need to vent, request that she keep it to herself. Keep your conversation friendly and non-threatening.

If it continues, try a second private conversation.

If that does not work, you might want to quietly approach your boss to move your physical location – no “tattling” unless you truly feel it’s effecting the overall well being of the company. Just be aware, this may result in your colleague’s termination. Even worse, she might stay and tell other employees you went to the boss...

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone: 954-885-9241
Cell: 954-612-0567
Twitter: @RIIInfo
Invite me to Connect on LinkedIn
& Follow RII on LinkedIn

Career Crossroads Previous Columns


Leasing News Help Wanted

Exp. only, 1 Southeast, 1 West Coast
Looking to Expand Your Career
Base Salary & Commission
resumes to :
Stable, profitable independent lessor, 30 years in business,
Chicago suburbs

For information on placing a help wanted ad, please click here:

Please see our Job Wanted section for possible new employees.



-------------------------------------------------------------- changes it claim
Not number #1

I emailed John Semon, publisher of he was not being "honest" by stating was the most visited leasing web site by leaving out the Leasing News Alexa rating.

He didn't add Leasing News, but changed it to: "The Lessors Network attracts the largest equipment lease finance community on the Web (Learn More)

"IMPORTANT: A low Alexa Ranking should not be your only consideration. Advertisers need to visit and view the site's content to ensure the site attracts prospective customers. Blogs and Sites publishing wine and movie reviews, pet adoptions, etc. to artificially influence their Alexa Rankings are therefore not included in the above comparison. Sites listed above are "professional" vertical equipment lease finance sites with a proven track record of attracting a professional equipment finance audience."

(The lower the ranking, the higher the
amount of visitors in comparison to all web sites).
Rank: 176,205
Links in: 184
Rank: 271,433
Links in: 80


Kit Menkin, editor


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




Leasing 102
by Mr. Terry Winders, CLP

What is a SWAG residual?

It is difficult to place a value on equipment that is new to the marketplace and has not been around long enough to establish an end of lease value. This means you need to contact the manufacturer and request information on the use, maintenance requirements, and possible technological life span. Many of the new medical machines fall into this category along with data process equipment. But there are many markets that bring new equipment that completely changes the value of old technology. Trying to be competitive in these markets may require you to take residuals that are hard to back up and therefore are risky.

All of the rules are focused on the purchase options and not the residual taken by the lessor. Therefore many lessors assume very low residuals and place purchase options at the anticipated future value of the new equipment.

The purchase option needs to be backed up by recording conversations with outside experts, manufacturers, and competitors in the secondary market because guide books only reflect equipment that has been around long enough to establish a value. The more contacts you can make the better your information will be. Try to get the names and contact information on companies that have taken delivery of the same type of equipment to see how it is functioning and their attitude on its use.

There needs to be a minimum 20% difference between the residual and the purchase option to avoid the tax rule stating that if the total funds required to obtain title of the leased equipment equal what funds required to be paid on a sales contract with a balloon then it fails the tax test. Sometimes no purchase option is stated on new equipment to avoid any problems.

One of the real problems is the lease term. If the new equipment renders some existing equipment obsolete or lowers its value considerably then you should question when it will happen to this equipment. Therefore, the longer the term, the stronger the required credit.

The current value may be elevated because of the need to recover development costs and this could cause the future value to be reduced very rapidly. In addition if it is new technology it value may be effected by refinements or additional advancements in the near future so having a conversation with someone in the same industry that writes articles or is an expert in that field may become a necessity the higher the equipment cost becomes.

What is a SWAG residual? Once you have all the information you can gather and the competition forces you to a lower number by increasing the size of your residual then you make a “Scientific Wild Ass Guess” as to the residual amount and pray you are in the ball park. Scientific because you have done your homework and a “wild ass” guess as to the value.

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at or 502-327-8666.

He invites your questions and queries.

Previous #102 Columns:

Mr. Terry Winders available as Expert Witness. 35 years as a professional instructor to the top equipment leasing and finance companies in the United States, author of several books, including DVD's, as well as weekly columnist to Leasing News. He also performs audits of leasing companies as an expert on documentation, and has acted as an expert witness on leasing for litigation in legal and tax disputes, including before the IRS. He also has taught the senior bank examiners, how to review a bank leasing department, for the Federal Reserve in Washington D.C. and has trained the examiners for the FDIC on how to prepare a lease portfolio for sale.

Mr. Winders received his Master of Business Administration and his Bachelor of Science degrees from the College of Notre Dame.


(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP


Top Stories July 23--July 27

Here are the top ten stories opened by readers

(1) Archive July 27, 2009
Confirmed: IFC Credit Files Chapter 7 --Over $100 million

(2) Archives July 23, 2007
Parker Brothers get 20 and 11 years in Federal Prison
(Famous Advance Fee Case)

(3) Archives---July 25, 2000
---Equilease Goes On Line with "Free Decision" for Brokers

(4) Lessor Escapes NY Evergreen Clause Class Action
by Tom McCurnin, Esq.

(5) Cartoon—Dip in Sales

(6) Leasing 102 by Mr. Terry Winders, CLP
Vehicles Section 179 for 2012”

(7) Countries Where People Work Least

(8) Proposed Changes in Lease Accounting
Lease Project Pain Part of Larger Frustrations
---by Shawn Halladay, The Alta Group

(9) Largest remaining TARP investments in banks & thrifts
By Aarti Kanjani, SNL Financial

(10) (Tie) New Hires---Promotions

(10) (Tie) Cartoon---Who Forgets?




Bank Beat
--Ninth Bank to Close in Georgia, 2nd in Jasper


Jasper Banking becomes the nation’s 39th banking failure and the ninth in Georgia which leads the nation in banking failures.

The three branches of Jasper Banking Company, Jasper, Georgia, were closed with Stearns Bank National Association, St. Cloud, Minnesota, to assume all of the deposits.


According to, "Including Jasper Banking Company, Stearns Bank has now acquired a total of 8 failed banks since October 2008 as well as a $730 million failed bank loan portfolio from the FDIC. Stearns Bank is an example of a superbly run bank that did not engage in reckless lending during the real estate lending mania. Lead by super banker Norman C. Skalicky, Stearns Chairman and CEO, the Bank has profited by feasting on the remains of failed banks.

"In 2009, Mr. Skalicky said 'We have been preparing for opportunities, such as this, since late 2006. We began to curtail lending and increase our capital ratios and really focused on this beginning in August 2007. One of our main strategies during that time was to be prepared to capitalize on opportunities prior to the end of this banking cycle.' Too bad the rest of the banking industry did not share Mr. Skalicky’s views on properly assessing lending risks."

"Stearns Bank, N.A., was founded in 1912, is one of the best capitalized banks in the nation with a Tier One Leverage Capital ratio of over 16% and has over $1.3 billion in assets."

Jasper Banking was founded March 12, 1945, the bank had 44 full time employees as of March 31, 2012 at there three branches in Jasper; through December 31, 2009 had 65 full time employees, which fell to 55 year-end 2010 and 45 year-end 2011.

The bank was the second to fail in Jasper, the first being Crescent Bank and Trust company on July 23, 2010. According to the Atlanta Journal-Constitution Newspaper, "Crescent was a heavy lender to subdivision developers, strip retail centers and builders of vacation homes. From 2004 to 2008, Crescent doubled in size from $500 million in assets to $1 billion, fueled by a diet of real estate development loans.”

Problems started in 2007 with the collapse of the housing market."

From the March 31, 2009 period to March 31, 2010 the bank had gone from 186 full time employees to 169, net equity had diminished from $56 million to $12.3 million after a loss of $4.7 to a loss of $13.2 with $112.6 million in non-current loans and a charge off of $12.8 million ($9.7 million construction and land development, $1.4 million in 1-4 multifamily residential property, $736,000 multifamily residential property, and $611,000 in non-farm non-residential property, as well as $233,000 in commercial and industrial loans. Tier 1 risk-based capital ratio 1.52%.

The loss share transaction was $617.4 million with the cost to the Deposit Insurance fund of $242.4 million.

In Jasper Banking Company the FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $58.1 million. The FDIC and Stearns Bank National Association entered into a loss-share transaction on $106.0 million of the banks assets. Stearns Bank National Association will share in the losses on the asset pools covered under the loss-share agreement.

The Atlanta Journal-Constitution commented, "The bank, heavily tied to commercial real estate and real estate development loans, tried to pull back but succumbed to borrowers who could no longer pay. The region also has been hard hit by collapses of competing banks and the glut of foreclosed property that has hurt real estate sales and property values.

"Chip MacDonald, a banking attorney at Jones Day in Atlanta, said the bank also had a sizable portfolio of loan participations, or pieces of larger loans it bought from other banks."

The charge offs began in 2009 with $2.3 million, then $3.1 million, and $6.1 million year-end 2011. The first quarter of this year: $2.7 million. Worse were the non-current loans, not being paid, froma jump in 2007 of only $270,000 to $6.4 million in 2008, following each year from $7.9 million, to $19.8 million in 2010 and $25.3 million in 2011. The first quarter saw it at $25 million. Thus the equity had gone from $21 million in 2007 to $3.4 million the first quarter of this year and a Tier 1 risk-based capital ratio 2.65%.

(in millions, unless otherwise)

Net Equity
2006 $19.6
2007 $21.0
2008 $20.5
2009 $17.6
2010 $14.3
2011 $9.5
3/31 $3.4

2006 $1.7
2007 $1.5
2008 $111,000
2009 -$2.3
2010 -$3.1
2011 -$6.1
3/31 -$2.7

Non-Current Loans
2006 $225,000
2007 $270,000
2008 $6.4
2009 $7.9
2010 $19.8
2011 $25.3
3/31 $25.0

Charge Offs
2006 $586,000 ($527,000 commercial and industrial, $59,000 to individuals)
2007 $94,000 ($90,000 loans to individuals, $4,000 commercial and industrial)
2008 $1.0 ($897,000 commercial/industrial, $225,000 loans to individuals, $20,000 1-4 family res.)
2009 $1.3 ($998,000 construction/land, $125,000 loans to individuals, $80,000 commercial/ind.)
2010 $4.1 ($1.4 construction/land, $1.3 nonfarm/nonres.,$1.1 commercial/ind. $252,000 1-4 family, $33,000 loans to individuals)
2011 $1.4 ($1.1 commercial/industrial, $228,000 commercial/ind., $50,000 nonfarm, $17,000 1-4 family, $18,000 indiv., $7,000 other loans
3/31 $738,000 ($392,000 commercial/industrial, $281,000 1-4 family, $$56,000 nonfarm/nonres., $33,000 loans to individuals, $26,000 construction/land development)

Construction and Land, 1-4 family multiple residential, Multiple Family Residential, Non-Farm Non-Residential loans.

As of March 31, 2012, Jasper Banking Company had approximately $216.7 million in total assets and $213.1 million in total deposits. In addition to assuming all of the deposits of the failed bank, Stearns Bank National Association agreed to purchase essentially all of the assets.

List of Bank Failures:

Bank Beat:




Leasing Conference--ELFA/NEFA “Early Bird” to Expire
---Plus update on exhibitors and speakers

Leasing Association 2012 Conferences

2012 Naelb Eastern Regional Meeting
September 7-8
Baltimore, Maryland
Westin Baltimore Washington Airport Hotel

Linda P. Kester
2012 NAELB Eastern Regional Meeting Chair
Institute for Personal Development

Schedule includes:

How to Get Your Deal to the Top of the Pile
Bill Baskerville, Team Funding Solutions
Kim Baughman, First Federal Leasing
Dwight Galloway, CLP, RLC Funding

The Secret to Working with Local Banks
Marketing with LinkedIn, Facebook & Twitter [CLP-CPE Credit]
Finding Leads in a Difficult Economy
Presented by Linda Kester, Institute for Personal Development

Full Schedule:


360 Equipment Finance
Amerisource Funding, Inc.
Axis Capital, Inc.
Bankers Capital
Channel Partners, LLC
CLP Foundation
Dakota Financial, LLC
MicroBilt Corporation
On Deck Capital
Pawnee Leasing Corporation
Preferred Business Solutions
RLC Funding, a Division of Navitas Lease Corp.
Stalwart Contract Finance, LLC
TEAM Funding Solutions
TimePayment Corporation
Varilease Finance, Inc.

Broker Member: 1st Attendee $125
Broker Member: 2nd Attendee $115
Assoc. Member: $260
Additional Mem: $200
Funder Member: $260
Add Attendee: $200
Broker Non-Mem: $200
Assoc. Non-Mem: $360


Hotel Reservations Available


September 12-14, 2012

Canadian Finance & Leasing Association Conference
The Westin Calgary
Calgary, Canada

General Information

Exhibitor Information:



September 13—15
Funding Symposium
Rennaisance Washington, DC Dupont Circle Hotel
1143 New Hampshire Avenue, NW
Washington, DC 20037-1522

Major General William D. Wofford, The Adjutant General, Arkansas National Guard, will speak at NEFA’s Funding Symposium in Washington, DC, Friday, September 14, 2012.

General Wofford will speak about the issues facing active duty military service members and their families both during deployment and upon their return, as well as the benefits to businesses of hiring veterans.

Kyle Gilliam, CLP, President of Arvest Equipment Finance, and a Member of the Board of Directors of NEFA, said “Having had the pleasure of serving on Major General William Wofford's Air Guard Staff, I know his experiences as the acting Adjutant General for the State of Arkansas will provide a great amount of clarity in regards to issues facing today’s veterans and their families.” Gilliam retired from the Arkansas Air National Guard in 2011 after 27 years of service.

Chairperson for 2012 Funding Symposium
Lori A. Dean, CLP,
VP, Equipment Finance Operation Manager
Arvest Equipment FinanceSpeakers


Andy Alper
Frandzel, Robins, Bloom & Csato

Barry Marks
Marks & Weinberg, P.C.

Dwight Galloway
RLC Funding a Division of Navitas Lease Corp

Eric Myers
TAB Bank

Frank Peretore
Peretore & Peretore, P.C.

Geoff Peters
Weltman, Weinberg & Reis Co., L.P.A.

Joe Leonard
Oakmont Capital Services

Roxana Safranek
LeaseTeam, Inc.

Skip Wehner
Pinnacle Capital

Terey Jennings
Financial Pacific Leasing, LLC



Allegiant Partners Inc
Bank of the West
Bryn Mawr Funding
Boston Financial & Equity Corporation Capital Access Network, Inc.
Channel Partners, LLC
CLP Foundation
Dakota Financial, LLC
Diversified Lenders, Inc.
ECS Financial Services, Inc.
EquipmentEngine Financial Services Company, LLC
Financial Pacific Leasing, LLC
Great American Insurance
GreatAmerica Portfolio Services Group, LLC
LeaseTeam, Inc.
Maxim Commercial Capital, LLC
Monitor Daily
NEFA Newsline
On Deck Capital
PacTrust Bank Equipment Finance
Pawnee Leasing Coporation
Quiktrak, Inc.
RLC Funding
RTR Services, Inc.
TAB Bank
Varilease Financial, Inc.

More about Exhibitors:


October 21-23
ELFA 51st Annual Convention
JW Marriott Desert Springs
Palm Desert, California

Keynote Speakers
19th Chairman of the Federal Deposit Insurance Corporation

Member, Financial Accounting Standards Board

Expert in Branding and Marketing

Convention Brochure, Register, Community Service Projects

Wednesday, August 1, 2012: Deadline for early-bird discount on convention registration fee. Note: To take advantage of the discount, you must also reserve your accommodations at the JW Marriott Desert Springs.

Monday, September 17, 2012: Last day to receive the special ELFA convention rate for your accommodations at the JW Marriott Desert Springs.

Tuesday, October 9, 2012: Last day for mail-in and online registrations. After this date registrations can be made on-site. Please note: There are no refunds of registration fees after this date.


November 4-5
2012 Expo NJ Super Regional Meeting
Teaneck Marriott at Glenpointe


November 7 - 9, 2012

32nd Annual Fall Conference
Hilton La Jolla Torrey Pines
La Jolla, California


November 14-16
67th Commercial Finance Conference
JW Marriott Hotel
Phoenix, Arizona


April 18-20, 2013
Annual Conference
Las Vegas, Nevada


To view Leasing Association Events-Meetings Open to All, please click here.




America’s Biggest Advertisers

24/7 Wall St. Wire

2011 Total Ad Spending: $2.1 billion
2011 Revenue: $40.9 billion
Brand With Biggest Ad Spending: Disney movies
Industry: Media

2011 Total Ad Spending: $2.1 billion
2011 Revenue: $28.3 billion
Brand with biggest ad spending: L’Oreal Paris
Industry: Cosmetics

American Express
2011 Total Ad Spending: $2.1 billion
2011 Revenue: $30 billion
Brand With Biggest Ad Spending: American Express
Industry: Financial Services

2011 Total Ad Spending: $2.1 billion
2011 Revenue: $136.3 million
Brand With Biggest Ad Spending: Ford
Industry: Cars

JPMorgan Chase & Co.
2011 Total Ad Spending: $2.4 billion
2011 Revenue: $97.2 billion
Brand With Biggest Ad Spending: Chase
Industry: Financial Services

2011 Total Ad Spending: $2.4 billion
2011 Revenue: $126.7 billion
Brand With Biggest Ad Spending: AT&T
Industry: Telecommunications

2011 Total Ad Spending: $2.5 billion
2011 Revenue: $55.8 billion
Brand With Biggest Ad Spending: Comcast Universal
Industry: Telecommunications/Media

2011 Total Ad Spending: $2.5 billion
2011 Revenue: $110.9 billion
Brand With Biggest Ad Spending: Verizon
Industry: Telecommunications

General Motors
2011 Total Ad Spending: $3.1 billion
2011 Revenue: $148.9 billion
Brand With Biggest Ad Spending: Chevrolet
Industry: Auto


Procter & Gamble
2011 Total Ad Spending: $5 billion
2011 Total Revenue: $82.6 billion
Brand With Biggest Ad Spending: Olay
Industry: Consumer Goods

Full story by
Douglas A. McIntyre, Ashley C. Allen, Michael A. Sauter, Samuel Weigley and Lisa Uible


Send Leasing News to a Colleague. We are free!!!


Setter/English Border Collie
Atlanta, Georgia Adopt-a-Dog

Animal ID :14331605
Breed: Setter, English/Border Collie
Age: 11 months
Sex: Female
Size: Large
Color: White/Black
Declawed: No

Site : Atlanta Humane Society: 981 Howell Mill Road
Location HM-Adoption
Intake Date: 7/22/2012
Adoption Price: $100.00

Hi there! My name is Skyla, and I came to the Atlanta Humane Society to find the home of my dreams! I would love to find a family who will be able to spend plenty of time with me every day and give me all the love, care, and attention I need. I will also need a patient owner, who understands that all new pets take some time to adjust to a new home. Please be ready to work with me as I learn all the do's and don'ts of being the perfect pet! Don't forget to ask about the great obedience classes offered right here at the AHS! If you think you have the time and commitment to give me the kind of life I deserve, then drop by for a meet and greet, and find out how to adopt me today! Previously altered.”

This pet also is eligible for 30 days of pre-paid pet health insurance. For more information please visit or call 1-866-375-PETS.

Email Contact:

Visit for discounted prices on pet medication and supplies! Low prices on Flea/Tick, Heartworm & more! Receive a 10% discount on your first order.

Adopt-a-Pet by Leasing Co. State/City

Adopt a Pet




Poem by Barry S. Marks, Esq.

The nice lady in the grief group asked me,
To pray is to admit that there is someone
bigger than yourself
who listens.

To bargain is to believe
that there are values,
someone capable of making changes.

To argue and rage is to know
that what is right matters.

Lady, I cannot share your golden gates,
cloud palaces,

I have only this:
I prayed, bargained,
and raged my best arguments
against the mistake that was made.

That is all I have.


The poem is from Barry's new poetry book

$15.95 at Amazon

Also available direct from the publisher:

Barry Marks, Esq. Poetry Book of the Year in Alabama

Poems by Barry Marks, Esq.
Possible Crocodiles--collection at

A few of Barry's Poems




Classified ads—Accounting / Aircraft / Appraisals

Leasing Industry Outsourcing
(Providing Services and Products)

Accounting / Aircraft / Appraisals

Appraisals: 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. 


Appraisals: National Equipment Appraisal prepares Certified Machinery and Equipment Appraisals. IRS qualified, USPAP Compliant. Nationwide - fast turnaround.
Visit or
call 714-282-1525.”
Accounting: Dallas, TX
Provide cost effective Sales and Use Tax and Property Tax consulting and administration Services to the leasing industry. Many leasing industry referrals available.
Accounting: National Property Tax Compliance Services to the leasing industry. Over 60-years experience and fifty Lessors as clients. References and free quotes available, (216) 658-5618,
Aircraft Delivery: Seattle, WA 
Global Aircraft Delivery ferries all types of aircraft all over the world. We are a unique ferry company moving your aircraft with our expert turnkey
Asset Management: Canada 
Cease Bailiff Services Incorporated:
Asset Investigation/Tracing; Asset Recoveries; Asset Protection/Security
Asset Liquidations/Sales; Ottawa, Canada;; Phone 613 898 7376 ; Fax 613 225 2452

Asset/Recovery & Collections:
Charlotte, NC
IRTC Continencies: Commercial Collections-Skip Trace- Repossessions-judgment enforcement-Investigations- Asset Re-marketing& No Cost Warehousing East Coast USA. Call 336-877-3077 ask for Robert or
E-mail to

Nationwide Seasoned anfair priced workforce is at your service for all lease collections, repossessions, and asset liquidations, appraisals.  Call Nassau Asset Management800-462-7728  

Asset/Recovery: NorthWest 
Sequent provides collateral recovery, remarketing, and storage services to lenders with assets located in the greater Pacific Northwest. Professional services at reasonable pricing.
Asset Marketing/Recovery: Remarking solutions for big rigs assets and trucking related companies including collections, recovery, repair and re-sales. North South Leasing cell #
Appraisals/Asset Recovery
Melville, New York
Auctions, Appraisals, National Repossessions.  ALL asset classes. 20+ year team works for you. Spend less, Net More… Fast!
Ed Castagna

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News Briefs----


FDIC sues insiders at failed Georgia bank

TD Bank, Royal Bank, Bank of Nova Scotia dimmer outlook from S&P

Eastern Bank will merge with Brockton-based Community Bank

CNN chief throws in the towel

In India Companies Q1 net profit falls 12% since last quarter

Military drafted in to fill empty seats at London Olympics



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Sports Briefs----

Dutch field hockey gains worldwide attention for reasons beyond field hockey (oh-la-la!)

Fired-up Harbaugh forsees I-told-you-sos for 'clueless' critics of first-round pick

Thousands come run in 35th S.F. Marathon

Risky plan for USA men's freestyle relay backfires in an ironic twist




Baseball Poem


A Baseball Game (Free verse)

The ump showed up early.
Sharply dressed
His pants, meticulously creased.
His gold watch glinting in the 4 o'clock
End of March southern California sun.
He held a sour look
It was his first line of defense.

The manager of the Astros
Was what you might call
An easy going type.
A long-time bachelor, and a slob to boot.
He always had a quick sly grin
Popped his gum unceasingly.
His face like an old first-baseman's glove;
Tanned brown with wear,
The stitching undone,
Staggeringly wrinkled from so much daily use.

He strolled over to home,
Tugging at the bottom of his extra-large shirt
Which barely covered the expanse of his girth,
Slapped the ump on the back
and announced that the teams
were a little behind getting the field ready
and could we start the game at a quarter past?

The ump looked at his watch without saying a word
Held up his right hand for a moment,
Then brought it down like an ax,
"Play Ball!" he shouted
2 inches from the Astros manager's leathery face.




California Nuts Briefs---

$2B accounting gap in California special funds

California Finance Department's audit highlights how hard it is to reconcile budget numbers

First Sonoma-Marin Area Rail rail car should arrive in the fall of 2013


“Gimme that Wine”

Meet the Wine Fixer

One Grape At a Time

August 11th Monterey Wine Country Major Celebration

Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

Winery Atlas\

Leasing News Wine & Spirits Page



This Day in History

        1619 - The first representative assembly in America the House of Burgesses, became the first legislative assembly in America when it convened at Jamestown, Va. Composed of the governor and 21 other members, 17 of whom were elected by the land-owning males, this body enacted laws for the colony. Among these would be rules regulating the militia, from its arming and training to who could serve. For instance slaves and indentured servants were forbidden to bear arms but “free negroes” were expected to serve and, like their white counterparts, even furnish their own weapons.
    1729 - The city of Baltimore was founded.
    1733--- Society of Freemasons opens first American lodge in Boston 
    1839 - Slave rebels took over the slave ship Amistad
    1851- Gail Borden of Norwich , NY , obtained a patent on a “preparation of portable soup bread.” He called it a “meat biscuit” as he baked flat, brittle cakes from concentrated meat extract combined with vegetable flour or meal. To make soup, the consumer added hot water and seasoning to the biscuit. He developed this in Texas , moved to New York and obtained a patent. It was a failure. He then tried his hand a producing condensed milk, and his company floundered, with two plants in Connecticut going broke. At the outbreak of the Civil War, where condensed milk was needed in great supply, he found success, and is recognized today as the founder of the Borden Company. After the Civil War, he moved back to Texas and founded the City of Borden , Borden County , Texas . 
    1863- Industrialist Henry Ford, whose assembly-line method of automobile production revolutionized the industry, was born at Wayne County, MI, on the family farm. His Model T made up half of the world's output of cars during its years of production. Ford built racing cars until, in 1903, he and his partners formed the Ford Motor Company. In 1908 the company presented the Model T, which was produced until 1927, and in 1913 Ford introduced the assembly line and mass production. This innovation reduced the time it took to build each car from 12-1/2 hours to only 1-1/2. This enabled Ford to sell cars for $500, making automobile ownership a possibility for an unprecedented percentage to the population. He is also remembered for introducing a $5-a-day wage for automotive workers and for his statement: “History is bunk.” He lowered the workday to eight hours, gave paid vacation, and benefits; way ahead of his time. Died Apr 7,1947 at age 63 at Dearborn, Ml, where his manufacturing complex was located. 
    1863 - Pres. Lincoln issued his "eye-for-eye" order to shoot a rebel prisoner for every black prisoner shot.
    1863 - The Shoshone chief Pocatello signs the Treaty of Box Elder, bringing peace to the emigrant trails of southern Idaho and northern Utah. 
    1864- Petersburg Campaign- 
Grant's writings on Petersburg and the Crater: “ The effort was a stupendous failure. It cost us about four thousand men, mostly, however, captured; and all due to inefficiency on the part of the corps commander [Burnside] and the incompetence of the division commander [Ledlie] who was sent to lead the assault.” Battle of the Crater. With the desperate situation in the crater, the racism of white Union soldiers became blatant. Knowing that the Confederates would give no quarter to black troops if taken prisoner, white soldiers feared that they would suffer the same if caught with black soldiers. They thus began to bayonet their own comrades in arms. By 2 PM, Confederate forces, who had been told that the black troops holding the crater had fought with the battle cry, "No quarter for rebels!" began their final assault on the crater. Many black soldiers who tried to surrender were killed by the Confederates. Union officers, in fear of "rebel vengeance," ripped off their unit insignias. Out of the 180 black prisoners taken, only seven survived the prison camps. The numbers are staggering. Union casualties totaled 3,475. Of the 4500 blacks that fought, 1327 were killed or wounded. More casualties came from the black division than from any of the white divisions, even though the white divisions had been fighting for an hour and a half prior to the entry of the colored troops 
    1890-Birthday of Charles Dillon “ Casey” Stengel, Baseball Hall of Fame outfielder and manager born at Kansas City , MO. Stengel played the outfield for several teams and earned a reputation for goofiness. He carried this over into his career as a manager, but his success with the New York Yankees ( ten pennants and even World Series titles in 12 years ) made him one of the game's enduring starts. Inducted into the Hall of Fame in 1966. died at Glendale , CA , September, 29, 1975.
    1903-Birthday of alto player Hilton Jefferson, born Danbury , CT.
   1903-Birthday of guitarist/songwriter George “Buddy” Guy, Lettsworth , LA 
    1909 - US Army accepts delivery of first military airplane.
    1928-Birthday of drummer Vernal Fournier, New Orleans , LA. Died November 4,2000. 
    1932 - The Olympic Games opened in Los Angeles , CA . The Games would revisit Los Angeles -- and the same venues of the Los Angeles Coliseum, the Rose Bowl, -- in 1984. (lower half of: 
    1933- Birthday of actor-singer Edd Byrnes, famous for his 1959 duet with Connie Stevens, "Kookie, Kookie, Lend Me Your Comb," born in New York . Byrnes and Stevens both starred in the hit TV series "77 Sunset Strip." "Kookie" was the name of the character Byrnes played. (My father Lawrence Menkin was story editor, plus wrote several of the episodes). 
    1937-Birthday of sax player James Spaulding, Indianapolis , IN. 
    1937 - The American Federation of Radio Artists (AFRA) was organized. It was part of the American Federation of Labor. The union was for all radio performers except musicians. The union later became The American Federation of Television and Radio Artists (AFTRA) to include TV performers. 
    1941-Birthday of singer/songwriter Paul Anka , Ontario , Canada . He began his career as a teen idol in the late 1950's, but unlike most teen idols he wrote a lot of his own material. "Diana," his first single for ABC-Paramount in 1957, became one of the most successful records in pop music history, hitting number one on the Billboard chart and selling more than five-million copies. Anka's audience at the time consisted mainly of screaming teenage girls, and he was as popular in Europe as in North America . His other hits included "Lonely Boy," "Puppy Love" and "Put Your Head on My Shoulder." When Anka's recording career waned with the coming of the Beatles, he turned to songwriting. Among his many credits are "My Way" for Frank Sinatra, "She's a Lady" for Tom Jones and the theme for Johnny Carson's "Tonight Show." Anka's popularity as a singer rose again at the beginning of the 1970's. His controversial duet with Odia Coates, "You're Having My Baby," went to number one in 1974. 
    1942 - Frank Sinatra recorded the last of 90 recordings with the Tommy Dorsey Orchestra on Victor Records. His last side was "There are Such Things", which became number one in January of 1943. Sinatra moved on to Columbia Records (1943-1952) as a solo singing sensation.
    1942-Benny Goodman Band records Mel Powell's “ Mission to Moscow .
    1942- German SS kills 25,000 Jews in Minsk , Belorussia 
    1942 - The WAVES were created by legislation signed by U.S. President Franklin D. Roosevelt. The members of the Women's Auxiliary Voluntary Emergency Service were a part of the U.S. Navy.
    1942 - The US passenger-freighter Robert E. Lee with 268 passengers was sunk by the German U-166 submarine. 15 crew members and 10 passengers died. In 2001 wreckage of the U-166 was found in the Gulf of Mexico and it appeared that it was sunk by Coast Guard PC-566 right after the attack. U-166 had 52 crew members.
    1944--OZBOURN, JOSEPH WILLIAM Medal of Honor
Rank and organization: Private, U.S. Marine Corps. Born: 24 October 1919, Herrin, Ill. Accredited to: Illinois. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty as a Browning Automatic Rifleman serving with the 1st Battalion, 23d Marines, 4th Marine Division, during the battle for enemy Japanese-held Tinian Island, Marianas Islands, 30 July 1944. As a member of a platoon assigned the mission of clearing the remaining Japanese troops from dugouts and pillboxes along a tree line, Pvt. Ozbourn, flanked by 2 men on either side, was moving forward to throw an armed handgrenade into a dugout when a terrific blast from the entrance severely wounded the 4 men and himself. Unable to throw the grenade into the dugout and with no place to hurl it without endangering the other men, Pvt. Ozbourn unhesitatingly grasped it close to his body and fell upon it, sacrificing his own life to absorb the full impact of the explosion, but saving his comrades. His great personal valor and unwavering loyalty reflect the highest credit upon Pvt. Ozbourn and the U.S. Naval Service. He gallantly gave his life for his country.
    1945—July 30, David Sanborn, Tampa , FL. 
    1945- Duke Ellington records his son Mercer's “ Things Ain't What They Used to Be.”
    1947---Top Hits 
Peg o' My Heart - The Harmonicats 
I Wonder, I Wonder, I Wonder - Eddy Howard 
Chi-Baba, Chi-Baba - Perry Como 
Smoke! Smoke! Smoke! (That Cigarette) - Tex Williams 
    1949 - The state record for Connecticut was established when the town of Greenville registered an afternoon high of 102 degrees. 
    1953-Although books bound in soft covers were first introduced in 1841 at Leipzig , Germany , by Christian Bernhard Tauchnitz, the modern paperback revolution dates to the publication of the first Penguin paperback by Sir Allen Lane at London in 1935. Penguin Number 1 was “Ariel, a life of Shelley” by Andre Maurois. 
    1954- Elvis Presley made his professional debut at Overton Park in Memphis , as the opening act for Slim Whitman. Elvis's recording of "That's All Right," made several weeks earlier, was on its way to becoming a hit in the Memphis Area. 
    1954--- Elvis Presley makes his first official concert appearance as a solo act, opening for Slim Whitman at Memphis' Overton Park Shell outdoor auditorium, billed third as "Ellis Presley" and performing "That's All Right, Mama," "Blue Moon Of Kentucky," and "I'll Never Let You Go (Little Darlin')." In the middle of the first song, a badly stage-frightened Elvis unconsciously begins to duplicate a move he usually made in the studio, shaking his leg in time with the music. The crowd of (mostly) girls goes absolutely wild, confusing Elvis and his band. "That's All Right," made several weeks earlier, was on its way to becoming a hit in the Memphis Area.
    1955—Top Hits 
Rock Around the Clock - Bill Haley & His Comets 
Hard to Get - Giselle Mackenzie 
Sweet and Gentle - Alan Dale 
I Don't Care - Webb Pierce 
    1963-Birthday of Christopher Paul “Chris” Mullin, basketball player, born New York , NY . 
    1956 - Singer Brenda Lee recorded her first hit for Decca Records. "Jambalaya" and "Bigelow 6-500" started a new career for the petite 11-year-old from Lithonia , GA (near Atlanta ). Brenda Mae Tarpley (Brenda Lee) had been singing professionally since age six. She recorded 29 hit songs in the 1960s and became a successful country singer in 1971. Brenda Lee had a pair of number one tunes with "I'm Sorry" and "I Want to be Wanted". She recorded a dozen hits that made it to the top 10. 
    1956 - The phrase “In God We Trust” was adopted as the U.S. national motto. 
    1959 - Willie McCovey stepped to the plate for the first time in his major-league baseball career. McCovey of the San Francisco Giants batted 4-for-4 in his debut against Robin Roberts of the Philadelphia Phillies. He hit two singles and two triples, driving in two runs. It was the start of an all-star career that landed McCovey in baseball's Hall of Fame in Cooperstown , NY . 
    1963--_Top Hits 
Surf City - Jan & Dean 
So Much in Love - The Tymes 
Fingertips - Pt 2 - Little Stevie Wonder 
Ring of Fire - Johnny Cash 
    1965 - The temperature at Portland, OR, reached 107 degrees to equal their all-time record high. 
    1965- the health insurance plan was enacted by Congress as part of the federal Social Security system, to help pay the cost of medical care for people aged 65 and over. Payments are made from a fund made up of mandato9ry contributions from employers, employees, and the self-employed as well as contributions from the general revenue of the federal government. The first payments were made on July 1, 1966. The first payments for skilled nursing facilities, made under the extended care benefit provision of the statute, were made on January 2, 1967. The first Medicare identification cards were presented to former President Harry S. Truman and his wife, Bess Wallace Truman, by President Lyndon Baines Johnson at the Truman Library, Independence, MO, on January 20, 1966. 
    1967 -Race riot in Milwaukee (4 killed) 
    1968 - Ron Hansen of the Washington Senators made the first unassisted triple play in the major leagues in 41 years. The shortstop speared a line drive by Joe Azcue, doubled up the runner at second by stepping on the bag and then tagged out the runner who was moving in from first base. The Senators still lost the game to Cleveland by a 
score of 10-1. 
    1969- Braves' catcher Bob Tillman hits three consecutive home runs. 
    1969--- The Beatles, producer George Martin, and the Abbey Road engineers assemble the first rough cut of the proposed Abbey Road medley. Paul McCartney, feeling that the song "Her Majesty" distracts from the flow of the medley, has it removed and orders it erased. Second engineer John Kurlander, not wanting to destroy a Beatles song, instead appends it to the end of the medley tape, adding 15 seconds of leader to make sure it's kept separate. When he finds out, Paul likes the effect so much that he leaves the ending of the album just that way
    1971---Top Hits 
Indian Reservation - Raiders 
You've Got a Friend - James Taylor 
Mr. Big Stuff - Jean Knight 
I'm Just Me - Charley Pride 
    1974-Three articles of impeachment were voted against President Richard Nixon by the House Judiciary Committee: for blocking the investigation of the Watergate affair, for abuse of presidential powers, and for hindering the impeachment process by not complying with the committee's subpoena for taped White House conversations. 
    1975- Former Teamsters Union leader, 62-year-old James Riddle Hoffa was last seen on this date outside a restaurant in Bloomfield Township, near Detroit, MI. His 13-year federal prison sentence had been commuted by former President Richard M. Nixon in 1971. On Dec 8, 1982, seven years and 131 days after his disappearance, an Oakland County judge declared Hoffa officially dead as of July 30, 1982. From 1935 to 1971, he has held positions of president of the Detroit local, vice president of the Teamsters union, and president of the International Brotherhood of Teamsters. Hoffa was accused of corruption on various occasions and convicted of mail fraud and mishandling funds in 1964. He was imprisoned from 1967 to 1971 with the sentence commuted by Pres. Richard Nixon. Hoffa disappeared from the parking lot of the Machus Red Fox restaurant in Bloomfield Township on July 30, 1975 and is presumed murdered. Despite one of the most intensive FBI investigations in history, Hoffa's disappearance remains a mystery. Federal investigators believe that mob bosses killed Hoffa because he wanted to recapture the union presidency he lost when he went to prison in 1971. Blocked by the courts and top union officials from running for the presidency, Hoffa had threatened to go public with the mob's involvement in the Teamsters, and how various organized crime figures had taken millions of dollars in unsecured loans from the union's pension funds. Hoffa's daughter, Barbara Crancer, a circuit court judge in St. Louis, sued the federal government in 1987, demanding that the investigative files in the Hoffa case be made public. But the U.S. Justice Department successfully blocked access to the reports, claiming that opening them would divulge informants and investigative techniques the government must keep confidential. Hoffa was declared "legally dead" in 1982. Thirteen years later, this date in 1995, Jimmy Hoffa's son and daughter finally put their father to rest. The memorial service was held in Detroit, exactly 20 years after the Jimmy Hoffa disappeared. 
    1979 - A forty-minute hailstorm bombed Fort Collins, CO, with baseball to softball size hail. Two thousand homes and 2500 automobiles were damaged, and about 25 persons were injured, mainly when hit on the head by the huge stones. A three month old baby died later of injuries.
    1979---Top Hits 
Bad Girls - Donna Summer 
Good Times - Chic 
Gold - John Stewart 
You're the Only One - Dolly Parton 
    1984 - Reggie Jackson hit the 494th home run of his career, passing the Yankees' Lou Gehrig and taking over 13th place on the all-time home run list. Larry Sorenson was the victim who gave up Reggie's milestone homer. 
    1985 - Gerry Cooney retired from professional boxing. Cooney had only one loss in a championship match with Larry Holmes (boxing's biggest money-making fight to that time). Cooney had a record of 27 wins against the 1 loss and 24 knockouts. 
    1986- The show business newspaper Variety reported that RCA dropped singer John Denver from its roster after the release of his single, "What Are We Making Weapons For." Variety said the record upset the record company's new owner, General Electric, one of the largest defense contractors in the US. GE sold RCA two months later. 
    1987---Top Hits 
Alone - Heart 
Shakedown - Bob Seger 
I Still Haven't Found What I'm Looking For - U2 
The Weekend - Steve Wariner 
    1987- Def Leppard's "Hysteria" was released. The album spawned six hit singles, and sold more than one-million copies in Canada alone. Worldwide sales totaled more than 11-million. 
    1987 - NBC's "L.A. Law" was nominated for 20 Emmy Awards, one shy of the record for nominations. "Hill Street Blues" was the record holder (in the 1981-1982 season). "L.A. Law" had only been on the air a year when it earned four out of the 20 Emmys. 
    1987 - Afternoon highs of 105 degrees at Aberdeen SD, 102 degrees at Bismarck, ND, and 102 degrees at Pueblo, CO, were records for the date. Pueblo, CO, reported just .09 inch of rain for the first thirty days of the month. 
    1988--Former member of The Spencer Davis Group and Traffic, Steve Winwood had the number 1 song in the US this week with "Roll With It". It stayed at the top for four weeks, making it the number one song of the year. In the UK however, the record stalled at #53. Winwood's next release, "Don't You Know What the Night Can Do?" also made it into the US Top Ten, while the following singles, "Holding On" and "One and Only Man" cracked The Top Twenty.
    1988 - A dozen cities in the north central and northeastern U.S. reported record high temperatures for the date. Downtown Baltimore, MD, hit 103 degrees, marking a record eight days of 100 degree heat for the month, and ten for the year. The high of 101 degrees at Billings, MT, marked a record seventeen days of 100 degree heat for the year. Thunderstorms produced severe weather in the northeast, with nearly fifty reports of large hail or damaging winds in Pennsylvania and New York State. A tree fell on a car at Erie, PA, injuring four persons.
    1990- 5 Bank of Credit & Commerce members found guilty of money 
    1997 - San Francisco 49ers quarterback Steve Young signed a 6-year contract extension worth $45 million, making him one of the NFL's highest-paid players. 
    1998 - A world-record Powerball jackpot of $295.7 million was won by a group of 13 machinists who worked together in Westerville, Ohio. The group chose the cash option, and received a lump-sum payment of $161.5 million dollars. 
    1999 - Richard Gere (Ike Graham) and Julia Roberts (Maggie Carpenter) star in "Runaway Bride", which opened this day. The romantic comedy scored big with movie crowds, doing $35.06 million during its first weekend.
    1999-United Airlines agreed to offer domestic-partner benefits to employees and retirees worldwide following a 2-year legal struggle against the SF domestic-partners law.
    2003-- In order to prove that the city is still safe to visit after a recent SARS outbreak, Toronto, Canada puts on the largest concert in the country's history, a massive open-air extravaganza featuring The Rolling Stones, The Guess Who, Rush, The Isley Brothers, The Flaming Lips and Justin Timberlake, among others. Total attendance is somewhere around 450,000
   2006- Eighteen individuals, the largest number ever selected, are inducted into the Hall of Fame. The group consists of 17 persons, including the first woman to enter the Hall, who had participated in the pre-Negro Leagues or Negro Leagues and Bruce Sutter, the fourth reliever to be enshrined in Cooperstown.
    2007 - In front of a record crowd of an estimated 75,000 fans and unprecedented number of 53 members of the Hall of Famers, Cal Ripken and Tony Gwynn are inducted into the shrine at Cooperstown. Joining the ballplayers on the dais are Denny Matthews, the longtime radio voice of the Royals, the recipient Ford C. Frick Award given to outstanding broadcasters, and Rick Hummel, beat writer for the Post-Dispatch, the J.G. Taylor Spink Award honoree for his outstanding coverage of the Cardinals.




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