Leasing News - information, news, education and entertainment for the commercial bank, finance and leasing industry

######## surrounding the article denotes it is a press release, it was not written by Leasing News nor has the information been verified, but from the source noted. When an article is signed by the writer, it is considered a byline. It reflects the opinion and research of the writer.

New Hires/Promotions in the Leasing Business
and Related Industries

Furloughed
Christine DeWitt Murname, was let go in a "large furlough" by Canon Financial Services, Mt. Laurel, New Jersey. She is located in Palmyra, New Jersey. "After 23+ years of hard work and dedication with Canon, I along with many amazing colleagues, were affected by a large furlough last week." She joined Canon April, 2001, as Senior Account Specialist, promoted Supervisor, Dealer Sales (February, 2018 - July, 2024). Previously, she was at Advanta, starting 1996, Account Representative, Special Finance, 1996; promoted Account Executive (1996 - 2015).
https://www.linkedin.com/in/christine-dewitt-murnane-7a164811/

Shannon Harames was promoted to Vice President, Power & Utilities Division, First American Equipment Finance, Rochester, New York. She joined First American February, 2020, Financial Specialist, promoted Assistant Vice President, Power & Utilities Division (September, 2021 - July, 2024). Full Bio:
https://www.linkedin.com/in/shannonelynch/details/experience/
https://www.linkedin.com/in/shannonelynch/

Clean Israel was hired as Sales Manager, Hilfinancial, Kirkland, Washington. He is located in Cle Elum, Washington. Previously, he was Vice President of Sales, Partners Capital Group (August, 2019 - July, 2024). Full Bio:
https://www.linkedin.com/in/clean-israel-80b7194/details/experience/
https://www.linkedin.com/in/clean-israel-80b7194/

Paul Marcoe was promoted to Chief Operating Officer, Orion First, Gig Harbor, Washington. He is located in the Greater Seattle Area. He joined the company December 2015, Chief Technology Officer, (December, 2015 - July, 2024); Chief Technology Officer, Mintaka Financial (December, 2015 - January, 2021); Vice President, Information Systems & Security, Financial Pacific Leasing (June, 1995 - December, 2015). https://www.linkedin.com/in/paulmarcoe

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Commercial Finance/Leasing Finance
Conferences and Forums

2023 Broker Forum Expo. This year Nov.6, New York City

Sept. 4-5: AACFB Commercial Financing Expo, New Orleans, LA
https://expo.aacfb.org/home
Registration Now Open - click here
Carla Freberg, Vice President of Sales, Vendor Services Group, Balboa Capital will be covering the conference for Leasing News.

Sept. 10-12: CFLA Conference, St. John's, NL, Canada
https://cfla-acfl.ca/cfla-annual-national-conference-2024.html
Hugh Swandel, President, Meridian OneCap Commercial Credit, will be covering the conference for Leasing News

Sept. 23 - 24: B2B Finance Expo, Wynn, Las Vegas, NV
https://www.b2bfinexpo.com/
It also features Poker Game for 50, Sunday, Sept. 22, 2024
https://www.b2bfinexpo.com/page/3932469/poker-party

Oct. 16-18: NVLA Conference, Clearwater Beach, Florida
https://www.nvla.org/page/2024conference
Early Bird Special:
https://leasingnews.org/archives/Jul2024/07_12.htm#nvla
Sloan Schickler, Esq., Schickler & Schickler, will be covering the conference for Leasing News. She is also presenting there.

Oct. 27-29: 63rd ELFA Annual Convention, Austin, TX
Convention detailsh
Early Bird Registration Available, Plus Hotel
https://www.elfaonline.org/education-networking/2024/annual-convention
Bruce Kropschot, Senior Managing Director, The Alta Group, will be covering the ELFA Convention, as he has done for Leasing News for many years.

Nov. 6, 2024, Brokers Expo New York City
https://brokerexponewyorkcity.com/
Super-Early-Bird-Pricing-Announced
https://reg.eventmobi.com/BENY24/register

Nov. 11-14: NEFA Fall Conference, Indianapolis, Indiana
https://www.nefassociation.org/events/upcoming
Don Cosenza, CLFP, Senior Vice President of North Mill Equipment Finance, will be covering the conference for Leasing News

To be listed, email: kitmenkin@leasingnews.org

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Leasing and Finance Industry Help Wanted
Excellent Compensation/Marketing Support
Plus other openings for successful, growing funders

Work Hard
By Ken Lubin, ZRG Partners, Managing Director

Where has the notion gone that hard work is no longer necessary? Have we created a society that has minimized hard work? Have we created a society of entitlement?

Recently, I have witnessed multiple generations of people that think everything should be handed to them: from 14 year olds to 50 year olds, I don’t get it! Mediocrity is a disease that stems from the lack of hard work. Where has the notion gone that we don't have to work hard?

Work when your competition is sleeping, work when others are partying, and work towards your goals! (Assuming you have some, if not get some)

If you want to be great, you have to work harder, learn more, and be willing to delay instant gratification; that is what makes the great ones great! Work your ass off and be the best you can be, don’t stand for status quo! Be the 1% who does, versus the 99% who don’t!

Ken Lubin, Managing Director
ZRG Partners, LLC
Americas I EMEA I Asia Pacific
C: 508-733-4789
https://www.linkedin.com/in/klubin

If you are not a Certified Leasing and Finance Professional, now is the time to take the step to becoming a CLFP.

Academy for Certified Lease & Finance Professionals
Six Scheduled to Date: July - November
https://leasingnews.org/archives/Jul2024/07_15.htm#clfp

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Top Ten
July 15 - July 19

(1) Why You Should Not Ignore Disclosure Laws
Ken Greene, Leasing New Emeritus
https://leasingnews.org/archives/Jul2024/07_15.htm#why

(2) Funders Looking
for Broker Business
https://leasingnews.org/archives/Jul2024/07_15.htm#looking

(3) These Industries Allow Working from Home
Finance & Insurance Top the List
https://leasingnews.org/archives/Jul2024/07_15.htm#these

(4) Commercial Finance/Leasing Finance Conferences
2024 Updated
https://leasingnews.org/archives/Jul2024/07_15.htm#conf

(5) Academy for Certified Lease & Finance
Professionals
Six Scheduled to Date: July - November 2024
https://leasingnews.org/archives/Jul2024/07_15.htm#clfp

(6) Ameris Bancorp, Owner of Balboa Capital,
to Transfer Listing to New York Stock Exchange
https://leasingnews.org/archives/Jul2024/07_19.htm#ameris

(7) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Jul2024/07_19.htm#hires

(8) The Broker’s Limited Disclosure Law Obligations
Ken Greene, Esq., Leasing New Emeritus
https://leasingnews.org/archives/Jul2024/07_19.htm#limited

(9) Latest News on Canada-based Chesswood
Credit Facility Action Plan
https://leasingnews.org/archives/Jul2024/07_19.htm#cw

(10) License and Registration United States
A State-by-State Analysis of License Requirements
for Lenders and Brokers
https://leasingnews.org/archives/Jul2024/07_19.htm#lic

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

CLFP Foundation Announces Release of
10th Edition of CLFP Handbook

The Certified Lease & Finance Professional (CLFP) Foundation is pleased to announce the release of the 10th Edition of the Handbook, which has been updated to reflect the profound impact of the COVID-19 pandemic on our industry and the expansion of the Uniform Commercial Code.

The updated Handbook is more than just a text update. It now comes with a long-awaited Audiobook version, narrated by Leonard Lane, CLFP, available on Google Play. This new format provides an additional resource that can be used as a supplement to the Handbook, making it more accessible and convenient for industry professionals.

Reid Raykovich, CLFP, CAE CEO of the Foundation, commented on choosing Leonard for the audiobook saying, “With his rich background as a disk jockey, he brings a unique and engaging voice to the narration of our Handbook.

“His deep understanding of the industry gained from his professional career, contributions to the Handbook, and his frequent instruction in Academies for Lease & Finance Professionals, as well as his work with students at Historically Black Colleges and Universities (HBCUs) and leading our Foundations for Commercial Equipment Finance course, all made him the perfect choice for this role.

“Leonard’s expertise and passion for the industry shine through in his narration, making the content enjoyable for our audience.”

In addition to the Audiobook, the CLFP Foundation has also released a comprehensive study guide. The guide includes summaries of each chapter in the Certified Lease & Finance Professionals Handbook, sample questions, and a suggested weekly study timeline. This resource is designed to assist professionals in their preparation for the CLFP Exam and is available for free on the CLFP Foundation’s website.

Reid Raykovich, CLFP, CAE, concluded, "We are committed to providing the most relevant and comprehensive resources for professionals in the leasing and finance industry. These updates and new additions reflect that commitment,” states Ms. Raykovich.

For more information and to access these resources, please visit http://www.CLFPFoundation.org; the study guide may be found in the CLFP Toolbox at https://clfpfoundation.org/toolbox/.

The CLFP Foundation is a certification institute for the leasing and finance industry. It promotes the highest standard of professionalism within the industry by providing an objective, rigorous, and comprehensive certification program. The CLFP designation identifies an individual as a knowledgeable professional to employers, clients, customers, and peers in the commercial equipment finance industry. There are Certified Lease & Finance Professionals and Associates located throughout the United States (including Puerto Rico), Canada, India, Pakistan, Africa, and Australia. For more information, visit http://www.CLFPFoundation.org.

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

Wintrust Financial Corporation Reports
Record Year-to-Date Net Income

ROSEMONT, Ill., Wintrust Financial announces record net income of $339.7 million or $5.21 per diluted common share for the first six months of 2024 compared to net income of $334.9 million or $5.18 per diluted common share for the same period of 2023. Pre-tax, pre-provision income (non-GAAP) for the first six months of 2024 totaled a record $523.0 million, compared to $506.5 million in the first six months of 2023.

Timothy S. Crane, President and Chief Executive Officer, said, “We are pleased with our record net income for the first half of 2024 and record quarterly net interest income. Robust loan and deposit growth coupled with a stabilizing margin drove our strong second quarter results. Pre-tax, pre-provision income (non-GAAP) also set the Company’s record for the first half of 2024 and we believe we are well-positioned for strong financial performance as we continue our momentum into the second half of the year.”

Additionally, Mr. Crane noted, “Net interest margin in the second quarter was within our expected range, decreasing seven basis points as compared to the first quarter of 2024. We expect the combination of a stable net interest margin and balance sheet growth to result in continued net interest income growth over the next few quarters. Focusing on growth of net interest income, disciplined expense control and maintaining our consistent credit standards should lead to increasing our long-term franchise value.”

Highlights of Second Quarter, including Summary of Results, along with financial statements and graphics
in full press release:

https://ir.wintrust.com/investor-news-events/press-releases/news-details/2024/Wintrust-Financial-Corporation-Reports-Record-Year-to-Date-Net-Income/default.aspx

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News Briefs

These 10 U.S. states have America’s best
economies in 2024
https://www.cnbc.com/2024/07/18/americas-10-best-state-economies.html

Wall Street’s Masters of the Universe Are
Masters of None in 2024 Race
https://www.nytimes.com/2024/07/20/business/wall-street-republicans-trump-jd-vance.html

Wait, does America really still employ
a ton of news reporters? Yes!
https://www.washingtonpost.com/business/2024/07/12/news-reporters-journalism-jobs-census/

How Jeff Bezos’ ‘two-pizza rule’ made Amazon one
of the world’s biggest companies — and can help
you achieve success, too
https://nypost.com/2024/07/21/lifestyle/how-jeff-bezos-two-pizza-rule-made-amazon-one-of-the-worlds-biggest-companies/

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Rude awakening for thousands of Paris tourists
arriving for Olympics
https://www.sfgate.com/olympics/article/paris-olympics-security-perimeter-causes-chaos-19581623.php

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Sports Briefs---

Xander the Great! Schauffele wins the British Open
for his 2nd major this year
https://www.pressdemocrat.com/sports/?ref=menu

Tadej Pogacar wins Tour de France for the 3rd time
and in style with a victory at time trial
https://navapi.pressdemocrat.com/article/sports/tadej-pogacar-wins-tour-de-france-for-the-3rd-time-and-in-style-with-a-vict/

Jorge Soler hits MLB season-best 478-foot HR,
Birdsong strikes out 12 as Giants beat Rockies 3-2
https://www.sfgate.com/sports/article/jorge-soler-hits-mlb-season-best-478-foot-hr-19587709.php

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California News Briefs---

In a win for street vendors, L.A. agrees to
lift restrictions and cancel fines
https://www.latimes.com/business/story/2024-07-19/in-win-for-los-angeles-street-vendors-city-agrees-to-lift-restrictions-and-cancel-fines

Press Democrat honored as best news organization of its
size in California journalism contest for 2nd year in a row
https://www.pressdemocrat.com/business/?ref=menu

California town grappling with 'highly aggressive'
red fire ant infestation
https://www.sfgate.com/centralcoast/article/california-town-aggressive-fire-ant-infestation-19586188.php

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Gimme that Wine

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

Walk-in-Tasting of Wine
You're in luck in Sonoma County
https://www.pressdemocrat.com/article/lifestyle/bay-area-vintage-baseball-balletto-vineyards-russian-river-valley/

West of Santa RoasaBalletto Vineyards pairs wine tasting
and Bay Area vintage baseball game
https://www.pressdemocrat.com/article/lifestyle/bay-area-vintage-baseball-balletto-vineyards-russian-river-valley/

Festival Napa Valley Raises Record-Setting
$4.5 Million at Arts for All Gala
https://www.winebusiness.com/news/article/290139

Beaulieu Vineyard Announces Multimillion-Dollar
Renovation
https://www.winebusiness.com/news/article/290151

America’s Next Great Wine Destination?
Northern Virginia
https://www.wsj.com/arts-culture/food-cooking/americas-next-great-wine-destination-northern-virginia-d163dc19

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