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.

"Buckle Up!"
Tri Counties Bank Equipment Finance
Department Shut Down

Leasing News received this email from Sales and Operations, Equipment Financing:

"The Equipment Finance Department at Tri Counties Bank was shut down after 20+ years in business. As a result - I'm a free agent in the job market."

Calls to knowledgeable sources confirmed this. One funder said they had cut Tri Counties off two years ago. It appears they also were "Super Brokers," laying off paper that didn't fit their parameters or were extended as much as the bank wanted to extend to them.

"Buckle up!"

The expression comes from Randy Haug, EVP/Co-Founder LTi Technology Solutions article titled, "Please Fasten Your Seat belts!"

He writes in conclusion to the article: "As they say - "Please fasten your seat belts as we could encounter some upcoming turbulence. Flight attendants, please take your seats!"

Randy was not a pessimist as he has been writing about the changes in banking and began his article:

"The resiliency and financial innovation of the Equipment Finance marketplace continues to amaze. The different and diverse funding options available today are changing a bit. In most cases, rates will be higher because the risk and costs of that capital demand it."
https://leasingnews.org/archives/Mar2024/03_11.htm#please

PS. Any interest in this key equipment finance department person's employment, please email kitmenkin@leasingnews.org. I will refer him to contact you.

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New Hires/Promotions in the Leasing Business
and Related Industries

Scott Brandt was hired as Senior Vice President, Credit & Risk Management, 36th Street Capital Partners, Morristown, New Jersey. Previously, he was Vice President, Risk, SLR Equipment Finance (May, 2022 - March, 2024). Full Bio:
https://www.linkedin.com/in/scott-brandt-376761b5/details/experience/
https://www.linkedin.com/in/scott-brandt-376761b5/

Brian Jankins was announced as Sales Manager/Vice President, Horizon Bank's Equipment Finance Division, Michigan City, Indiana. He received the position January, 2024. He is located in Greater Boston, Massachusetts. Previously, he was Senior Regional Sales Manager, TCF Equipment Finance (September, 2018 - December, 2019); Senor BD Officer, Midland States Bank (January, 2018 - September, 2018). Full Bio:https://www.linkedin.com/in/brian-jankins-681aa711/details/experience/
https://www.linkedin.com/in/brian-jankins-681aa711/

Joe Warner was hired as Business Development Manager, Jupiter Equipment Finance, Tequesta, Florida. He is located in Berlin, New Jersey. Previously, he was Business Development Account Manager, NewLane Finance, (May, 2022 - March, 2024). He joined BDC Pros March, 2019, Sales Manager, promoted Sales Director (August, 2019 - May, 2022); Sales Acceleration Manager, Stream Companies ( (December, 2017 - May, 2019); Internet Sales Specialist, Turnerville Jeep (October, 2016 - November, 2017).
https://www.linkedin.com/in/joe-werner-b77b08169/

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Leasing and Finance Industry Help Wanted

Top Ten Leasing News Read by Readers
March 11 to March 15

(1) "Buckle Up!" Quality Equipment Finance
Not Funding Transactions Internally
https://leasingnews.org/archives/Mar2024/03_15.htm#quality

(2) Brian Bjella
Then and Now
https://leasingnews.org/archives/Mar2024/03_11.htm#brian

(3) Why You Should Hire Athletes
By Ken Lubin, ZRG Partners, Managing Editor
https://leasingnews.org/archives/Mar2024/03_15.htm#why

(4) Funders Looking for Broker Business
Updated
https://leasingnews.org/archives/Mar2024/03_13.htm#looking

(5) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Mar2024/03_11.htm#hires

(6) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Mar2024/03_15.htm#hires

(7) FBI agents take Lamborghini, Porsche, Ferraris
in new raid at CEO's Queensbury mansion
https://www.timesunion.com/business/article/fbi-raided-home-albany-loan-broker-roglieri-

(8) Please Fasten Your Seatbelts!
By Randy Haug, LTi Technology
https://leasingnews.org/archives/Mar2024/03_11.htm#please

(9) The Commercial Real Estate Exposure
of the Largest U.S. Banks
https://leasingnews.org/archives/Mar2024/03_13.htm#cre

(10) The sneaky reason supermarkets put fruits
and vegetables at the front of the store revealed
https://nypost.com/2024/03/09/lifestyle/the-secret-ways-grocery-stores-keep-you-shopping-finally-exposed/

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Gender Pay Gap Visualized
By Katharina Buchholz, Statista.com

Women in the U.S. had to work all the way through 2022 and into March of 2023 to earn the equivalent of the 2022 wages of U.S. men. When looking only at full-time, year-round work, this means that on average, American working women are paid 84 cents for every dollar that working men make.

March 12 marks Equal Pay Day in the United States. But the day is only the first in a row of equal pay days for different races and ethnicities published by AAUW, also including Asian, Pacific Islander & Native Hawaiian women's equal pay day on April 3, 2023, Black Women's equal pay day on July 9, Latina's equal pay day on October 3 and Native American Women's equal pay day on November 21 of 2023. Black women working full-time, year-round earn 69 cents for every dollar white, non-Hispanic men make, while that number is 66 cents for Pacific Islander & Native Hawaiian women, 59 cents for Native American women and only 57 cents for Latina women in the United States. As Native American women work part-time or seasonally more often, their equal pay day comes even later than that of Latinas, however.

Asian-American women outearn the average woman in the U.S. and they currently earn 99 cents for every dollar white, non-Hispanic men make when looking at full-time, year-round work only.

The money females in the U.S. earn compared to men has been increasing slowly in recent years, especially for Asian women. However, at a rate of one or two cent of increase per year, women would still wait decades in many instances for pay parity in full-time work.

News Briefs

World’s first major act to regulate
AI passed by European lawmakers
https://www.cnbc.com/2024/03/13/european-lawmakers-endorse-worlds-first-major-act-to-regulate-ai.html

Boeing 737 Max engine issue will take up
to a year to fix, embattled company reveals
https://nypost.com/2024/03/16/us-news/boeing-737-max-engine-issue-will-take-up-to-a-year-to-fix/

Opinion: Inflation isn’t the real problem of
US economy. The housing shortage is.
https://www.eastbaytimes.com/2024/03/16/opinion-inflation-isnt-the-real-problem-for-the-us-economy-the-housing-shortage-is/

Airfares have dropped. Here’s why they
could go even lower in 2024
https://www.eastbaytimes.com/2024/03/15/airfares-have-dropped-heres-why-they-could-go-even-lower-in-2024/

This Hawaii family business sells
100 million of these per year
https://www.sfgate.com/hawaii/article/honolulu-cookie-co-hawaii-18949986.php

European Union announces $8 billion
package of aid for Egypt
https://www.bostonglobe.com/2024/03/17/business/european-union-announces-8-billion-package-aid-egypt/

In Boston 'Drinks-to-go' could become permanent,
but liquor stores are pushing back
https://www.bostonglobe.com/2024/03/15/business/massachusetts-drinks-to-go/

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Americans Invested Billions in Chinese Companies.
Now Their Money Is Stuck
https://www.nytimes.com/2024/03/16/business/dealbook/china-zombie-companies-tiktok.html

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Sports Briefs---

NFL considers rule changes that
include challenges for penalties
https://www.pressdemocrat.com/article/sports/nfl-considers-rule-changes-that-include-challenges-for-penalties/

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California News Briefs---

Four Seasons Hotel downtown San Francesco
Stops making Loan Payments in December
https://www.sfchronicle.com/sf/article/another-downtown-san-francisco-hotel-stops-loan-19097818.php

California’s largest new reservoir
in 50 years gains momentum
https://www.eastbaytimes.com/2024/03/17/largest-new-reservoir-project-in-50-years-in-california-gains-momentum/

San Francisco Bay Area job market suffered
‘mini-recession’ in 2023: new stats
https://www.eastbaytimes.com/2024/03/17/bay-area-job-economy-san-jose-oakland-layoff-covid-recession-tech-hotel/

California’s property insurer of last resort
adds record number of policies in February
https://www.pressdemocrat.com/article/news/californias-property-insurer-of-last-resort-adds-record-number-of-policies/

Brentwood man’s homemade smash burgers
an instant success
https://www.eastbaytimes.com/2024/03/15/brentw

Radio station nabs San Francisco's
last unclaimed FM frequency
https://www.sfgate.com/sf-culture/article/bff-fm-station-sf-internet-radio-18936216.php

United Airlines sees 9th incident in two
weeks: Plane from SFO lands with missing panel
https://www.sfchronicle.com/bayarea/article/united-airlines-plane-sfo-lands-oregon-missing-19085603.php

'Star Wars' prop sells for nearly
$1M at California auction
https://www.sfgate.com/sf-culture/article/star-wars-prop-sells-nearly-1m-california-19034478.php

Oakland police break up sideshow
involving more than 50 vehicles
https://www.sfchronicle.com/crime/article/oakland-sideshow-police-19167293.php

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Gimme that Wine

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

A California grape-growing legend has died
Ron Mansfield wasn’t a household name
https://www.sfchronicle.com/food/wine/article/ron-mansfield-california-grape-grow-18890418.php

Oregon Winery Wins 2024 Winery of the Year
in California Dominant Competition
https://www.winebusiness.com/news/article/284696

Growers are pulling out grapevines
- but not fast enough
https://www.winebusiness.com/news/article/284711

How Do Wineries Thrive by
Going Sustainable?
https://www.winebusiness.com/news/article/284713

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