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Available by e-mail
in a text format, sent out at 3:00am, free:
http://www.leasingnews.org/addme-mailing-list.htm
Headlines---
Bridge
Capital-Third Bulletin Board Complaint
"Looking
Ahead--by Ron Caruso, EFJ
Bank
of the West Implements WorkforceLogic
Greater
Community Bancorp Declares Dividend
Fitch
Upgrades First Sierra Equipment
######## surrounding the article denotes it is a “press
release”
Classified Ads---Credit
Credit: Atlanta, GA. VP Credit/Operations/Sr. Credit
Officer. 15yrs exp. in equipment leasing. Strong financial analysis
and management skills. Experience developing and maintaining profitable
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Credit: Atlanta, GA.
Senior Credit Officer in middle-market equip. finance, vendor,
3rd party, specialty, flow credit to the fortune 1000. Team builder,
originations capable, strong work ethic, ability to multi-task.
Email: kyletrust@hotmail.com
Credit: Atlanta, GA.
10 yrs experience in credit/collections/recovery/documentation
in the leasing industry. P&L responsibility, team builder &
strong portfolio mgnt skills. email: mortimerga@adelphia.net
Credit: Boston Ma.
Challenging position where my skills, professional experience,
organization, leadership, strategic thinking, creativity, energy, passion,
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Credit: Corona, CA.
VP credit Consumer Credit prime/sub prime Auto lending/leasing/mortgages.
20+yrs exp. If you are looking for someone to affect the bottom line
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Skilled in team building, management & training.Seasoned
credit, portfolio and risk management professional. Experienced in developing,
implementing underwriting, portfolio management policies & procedures.
email: vgjmoro@aol.com
Credit/Documentation: Fort Lee NJ
3 Years Experience. Looking in NJ/NY. Email: angitravis@mail.com
Credit: Long Beach, NY. Credit officer w/more
than 20 years of experience. Seeking position in which I
can utilize my credit-collections, communication &management skills.
Email:michaelschaubeck@webtv.net
Credit: Los Angeles, CA
Over 15 years experience in Credit/Operations with Small
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Credit: Mill Valley, CA
Senior corporate officer with financial services credit background.
M and A, fund raising and workout expertise. Email:nywb@aol.com
Credit: New Jersey, NJ
Credit Analyst with 10+ years experience in small-ticket
lending up to $500,000. Experience with both vendor-direct and with
brokers.Email: b.leavy@worldnet.att.net
Credit: New York, NY
3+ years of leasing credit / contracts experience. Currently
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source and broker. Email: lease4you@mail.com
Credit: New York, NY.
V.P. Credit & Collections w/23 years exp.looking for
a situation where I can utilize my varied & extensive knowledge
of credit/ collections/risk-management & leasing. Email:rcouzzi@yahoo.com
Credit: New York, NY Credit officer with banking and leasing
background; strong analytical and communication/PC skills with lending
and portfolio management experience. Email: michaelschaubeck@webtv.net
Credit: San Francisco, CA. 10+ years Credit Analyst experience
underwriting for a direct lessor, regional bank and vendor leasing company.
Have CLP and will make decisions ( won't rely on a FICO score for enlightenment.)
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Credit Manager: Westlake, OH
7+ years Credit/Underwriting experience Comp lit. Please
email me for copy of job description at mgallo@comfingrp.com
Full classified
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---------------------------------------------------------------------------------
Economic Events This Week
March 24
Wednesday
Durable Goods Orders: February
New Home Sales: February
March 25
Thursday
G.D.P.4th Quarter final
Weekly Jobless Claims
March 26
Friday
Personal Income: February
---------------------------------------------------------------------------------------------------------
Bridge Capital, Lake
Forest,CA---Third Bulletin Board Complaint
Two complaints have been posted after determining the complaints
were valid. Here is a third:
TINSELTOWN VIDEO, INC.
a BLOCKBUSTER VIDEO franchisee
February 20, 2004
Kit Menkin
Leasing
News, Inc. 346 Mathew Street
Santa Clara, CA 95050
Complaint
Against:
Bridge Capital Leasing, Inc.,
Lake Forest, California
Dear Mr.
Kit Menkin:
Our complaint is against Bridge Capital
Leasing for violation of equipment leasing Standards of Professional
Practice "We will at all times adhere to the specific terms of
our funding commitments, commission agreements, and/or purchase orders."
They did not meet the monthly payment terms, they did not meet the length
of lease terms, they did not give us credit on advance lease payments
or documentation fees from the commitment money paid to them, and they
refused to refund the commitment money of $4,915.59.
Proposal: We signed a financing proposal with
Bridge Capital Leasing in Sept 2, 2003 for $140,000 with terms of 36
months and monthly payments of $4,515.59, the interest rate is 9.9723%.
We gave them a check for $4,915.59 for the Commitment Payment which
may be applied to the 1St and documentation.
Lease #1: On Oct
9,2003 we received from Bridge Capital a lease with Axis Capital in
the amount of $22,151.14 for 36 months with the following terms:
Lease amount:
$22,151.14
Monthly
payment: $ 838.90
Term: 36 months
Interest
is: 21.382%
Advance payments (2 x 838.90): $1,677.80
Documentation
fee: $125.00
Check to
Axis for: $1,802.80
The interest is 21.382% or over twice the amount
on the proposal of 9.973%.
None of the $4,915.59 was credited to the 1st payment
or the documentation fee.
We signed this lease and were assured
by Bridge Capital that they would finance the next one in-house with
rates consistent with the proposal.
Lease #2: On Oct 23, 2003 we received a 2nd
lease from Bridge Capital with Financial Pacific Leasing in the
amount of $36,334.40 with the following terms:
|
|
Lease amount:
$36,334.40 Monthly
payment: $2,063.43 |
|
|
Term: Interest is: |
24 months 31.697% |
|
|
|
Advance payments (2 x 2,063.43): |
$4,201.86 |
The interest is 31.697% or
over three times the amount on the proposal of 9.973%. None of the $4,915.59
was credited to the 1st payment or the documentation fee.
The term was for 24 months and not 36 months as in the
proposal.
We refused to sign this lease and requested a refund of our
$4,915.59 — THEY REFUSED.
Letter to Bridge: On Nov 13, 2003 we sent
a letter to Patty Warner, Comptroller of Bridge Capital Leasing requesting
they return the $4,915.59, they responded with a letter dated Nov 17,
2003 and refused to return our funds.
Enclosed please find the following to support our complaint:
1) Bridge Capital Proposal for $140,000
2) Copy of check to Bridge Capital for
$4,915.59
3) Axis Lease for $22,151.14 and amortization
chart
4) Copy of check to Axis for $1,802.80
5) Financial Pacific Lease for $36,334.40
and amortization chart
6) Copy of letter to Bridge Capital
to return funds
7) Copy of letter from Bridge Capital
refusing to return funds
Thank you for you help to resolve
this complaint.
The interest is 31.697% or
over three times the amount on the proposal of 9.973%. None of the $4,915.59
was credited to the 1st payment or the documentation fee.
The term was for 24 months and not 36 months as in the
proposal.
We refused to sign this lease and requested a refund of our
$4,915.59 — THEY REFUSED.
Letter to Bridge: On Nov 13, 2003 we sent
a letter to Patty Warner, Comptroller of Bridge Capital Leasing requesting
they return the $4,915.59, they responded with a letter dated Nov 17,
2003 and refused to return our funds.
Enclosed please find the following to support our complaint:
8) Bridge Capital Proposal for $140,000
9) Copy of check to Bridge Capital for
$4,915.59
10)
Axis
Lease for $22,151.14 and amortization chart
11)
Copy
of check to Axis for $1,802.80
12)
Financial
Pacific Lease for $36,334.40 and amortization chart
13)
Copy
of letter to Bridge Capital to return funds
14)
Copy
of letter from Bridge Capital refusing to return funds
Thank you
for you help to resolve this complaint.
Gary Leonhard
CEO
Tinseltown Video, Inc.
Enclosures
1354
NORTH COAST HIGHWAY 101, SUITE D
LEUCADIA, CA 92024
(760) 944-9808 (760)
944-9805 FAX
Here is a copy of the agreement:
http://two.leasingnews.org/temporary/bridge_capital-tinseltown_video.pdf
In correspondence with both Bridge Capital Leasing President
Paul Behechti
and counsel Val Stiefel, they provided this letter:
November 17, 2003
Gary Leonhard
TinselTown
1354 North Coast Highway 101 Suite D
Leucadia, CA 92024
RE: TinselTown Video Dear
Mr. Leonhard:
We are in receipt of your letter dated
November 11, 2003 and wish to respond in kind.
First, your company's payment of $4,915.59 was consideration for the arrangement of financing by
Bridge Leasing. When Tinseltown accepted and agreed
to the lease proposal presented via the letter agreement dated September
2, 2003 (and paid $4,915.90), all that was required in order to fulfill
the agreement was full performance by Bridge Capital Leasing. Under
the terms of the agreement, Bridge Capital's obligation wasto provide
a final approval related to the transaction. Bridge Leasing performed
and fulfilled its obligation when the underwriting department issued
final approval of a financing package to Tinseltown on June 24.
Consequently, and again in accordance
with the terms of the letter agreement dated September 9, once this
final approval was given, "all money paid
to BCL (was) deemed earned "
The fact
that the proposed lease applied the initial payment towards first and
last months' payments does not excuse Tinseltown from performing
his obligations under theagreement, nor does it allow for refund of the payment in
the event Tinseltown no longer wishes to proceed with the financing.
In the course of acquiring final
financing terms, based on our underwriting criteria and the overall
and actual credit worthiness
of your client, Bridge Capital offered available competitive lease terms
issued by industry lenders, and therefore fulfilled its obligations
under the agreement. At no point was Tinseltown offered or guaranteed
a 10% rate.
Consequently, and as explained above, the money was deemed earned once
Bridge Capital performed its obligation to present the final financing
approval and terms. As such, Bridge Leasing has earned the
money for services rendered, and there still stands a competitive financing
package that your client is welcome to enjoy. Based on conversations with your account reps, if you were to proceed
with the financing of both financings,
you would enjoy a "blended rate" that would be in the 10% neighborhood. We would still be amenable to
securing this or finding
alternative financing packages for your client, in which case the payments
already made to Bridge Leasing would apply to any other financing package we
would offer.
25391 COMMERCENTRE DRIVE, FIRST FLOOR, LAKE FOREST, CA 92630
TEL: 949.206-6855 ext. 227 FAX: 949-727-8322
VSTIEFEL@BRIDGECAP.COM
The November 17th letter acknowledges the agreement, which
basically states the terms and conditions, and should the lease not
occur, Bridge Capital is entitled to the documentation fee.
In a telephone conversation with Mr. Paul Behechti and counsel Val Stiefel
the November 17,2003 letter was discussed. There were several
other conversations, e-mail, and fax correspondence, with the stipulation
not for publication.
Since this was the third complaint, we contacted the President
and CEO
of Bridge Capital, Mike
Aharmi, both by e-mail, fax, and telephone.
This is their website:
Their information:
http://www.bridgeleasing.com/html/index.html
Here is a video from Mr. Aharmi on the web site
http://www.two.leasingnews.org/video/mikeahmari.wmv
Leasing News asked Mr. Aharmi for a statement
several times, and this
is what we received:
BRIDGE
Capital Leasing
March 18, 2004
Kit Menkin Leasing News
Via fax: 800-727-3851
RE: Complaints
against Bridge Capital Leasing
Dear Mr.
Menkin
It was a pleasure speaking with you on the phone today, and
we thank you for bringing to our attention the complaints about Bridge
Capital Leasing. In accordance with company policy, at this time Bridge
Capital Leasing will make no statement regarding these complaints in
a public forum. We are prepared only to discuss these matters with individuals
or entities authorized by proposed Lessees, and qualified to make legal
arguments on their behalves.
Furthermore, since youalso
are the principal of a leasing company, we find that the publishing
of complaints and "responses"
hardly constitutes an unbiased forum, and may be perceived by some as
a. conflict of interest in obtaining information on the inner workings
of other leasing companies.
Although neither motivenor malice need to be proved in order
to have a claim for slander, we will be keeping a close eye on your
publication to ensure the accuracy of your reporting.
As general
counsel for Bridge Capital Corporation and all its subsidiaries, I request
that you direct all communiqués, including but not limited to emails,
phone calls and letters, through myself only,
This letter may only be published
by leasing News in its entirety without any additions or deletions.
25381 COMMERCENTRE DRIVE, FIRST FLOOR, LAKE FOREST, CA 92630
TEL: 949.206-6855 ext. 227 FAX: 949.727.8322
VSTIEFEL@BRIDGECAP,COM
This is from our Leasing News Policy,
stated in every newsletter,
plus on our web site:
“American Leasing is a separate company than Leasing News and
does not receive any remuneration or “leads” or “business” in any
manner
from Leasing News.
“We may refer to a specific company, for instance, if they are looking
for a captive vendor program, or niche equipment. If a broker looking
for a funding source, we may make a referral, but never with any
“strings” or “benefit” to American Leasing. American Leasing is
a small lessor/broker doing business primarily in Silicon Valley.
The company does not have a “broker program” or pay fees
or referrals to a “broker.” We “bend over backwards” to keep both
companies two distinct entities to avoid any journalist conflicts.
“Mr. Menkin sits on several board of directors and advisory boards.
Should there be any conflict, it is so noted in the story. If there
is a financial interest in the company, it is also so noted in the
story
as a “disclaimer.”
http://www.leasingnews.org/policy.htm
from Complaints Bulletin
Board:
http://www.leasingnews.org/Conscious-Top%20Stories/bridge_capital.htm
-------------------------------------------------------------------------------------------------
“LOOKING AHEAD”
By:
Ron Caruso
(Every once and a while this industry leader puts his thumb
on the wrist
of our industry and both feels and counts the heart beat.
Here he has
done it again with great profundity:)
As we near the end of the first quarter, this is an appropriate
time to evaluate where the economy is, where capital expenditures are,
and what to expect for the rest of the year. Let’s look at each subject:
THE ECONOMY:
It’s been a slow but steady pace for the first quarter. Consumer
spending continues to sustain the so-called recovery. It in turn has
been supported by low borrowing costs, significant deficit spending
by the federal government and lower personal tax rates
The anticipated upturn in new hiring is still just that-anticipated.
The economy shows no indication of a consistent, sustained push to increase
employment. Perhaps the best summary for the first quarter is that nothing
very bad occurred, but on the other hand, nothing very positive occurred.
CAPITAL EXPENDITURES:
Domestic major airlines are beginning to come back, but are
facing significant competitive pressures from the so-called discount
airlines. The good news is that more people are flying. The bad news
is that competition is squeezing the air fares, which is wonderful for
you and I, but not so wonderful for the major airlines, still trying
to become cost competitive with their newer siblings. Fleet modernization
is a major issue for some, but so is survival. Major upgrades must defer
to this imperative.
Similarly, the manufacturing sector has not provided any
clear signals of ramping up production, requiring new equipment and
new hires. Office equipment has become a disposable item, but even this
category does not show the dramatic growth which a vigorous economic
rebound would envision.
EXPECTATIONS:
We are in a presidential election year. This will be the
center stage event for the rest of ’04, barring unforeseen circumstances.
We can expect Uncle Alan to keep money costs low, perhaps not moving
them for the rest of the year. Unfortunately, there is not much more
on the horizon that is cause for optimism. There are, also unfortunately,
some grey clouds up there. Take employment- this will be a major campaign
issue. The Bush track record in this regard has not been good. Outsourcing
is becoming a political punching bag in Congress, similar to what the
leasing industry has encountered. The view from here is that neither
Congress, nor the President will be in a pro-active mode. Getting re-elected
will be paramount. Everything else will be deferred or dovetailed into
this priority.
THE LEASING INDUSTRY:
Capital expenditures have not lived up to expectations or
predictions. Moreover, certain types of leasing, e.g., municipal LILO’s
and SILO’s, which have sustained the big ticket sector are “persona
non grata.” Where do big ticket lessors turn for volume? The answer
is (probably) to other market sectors. The result: rate compression.
This will be good news for those acquiring new equipment, but could
lead to a fierce struggle for market share and ultimately survival.
Look for some lessors to fold up their tents, especially among bank
lessors. Look for others to reassess their leasing operations and perhaps
change their focus to becoming a service provided to bank customers,
not a separate profit center operation. This is a year of continued
caution and care-survival for many could become a critical issue. Stay
tuned.
Have you see the latest issue of the EFJ online?
Check out the articles and career opportunities
Please go here:
Classified Ads—Help Wanted
Accounting
 Accounting: PricewaterhouseCoopers seeks individuals with experience in commercial equipment leasing to help clients improve their leasing businesses by designing, developing, and implementing solutions to accounting & operational issues. Email: anthony.g.anderson@us.pwc.com About the Company: PricewaterhouseCoopers, New York, NY. |
Credit and Documentation Administrator
|
About the Company: www.leasingpartnerscapital.com |
Sales Representatives
|
Looking for a company change? SCL is adding to the sales force. We are looking for 8 new sales people. We are a vendor driven company with a large funding portfolio. High Impact commission, 50-65%! We can provide Real Estate Loans to your commercial clients. Profit sharing & Medical. Call 714-573-9804 bgriffith@socallesing.com About the Company: 250 El Camino Real #111 Tustin Ca. 92780. UAEL Member |
|
About the Company: Dimension Funding, LLC Formed in 1979. Located on 17748 Sky Park Circle, Irvine, CA. 92614. Website: www.dimensionfunding.com |
[Top]
Senior Sales Executive
|
About the Company: Balboa Capital. 2010 Main Street 11th Floor Irvine, CA. 92614 www.balboacapital.com |
Letters---We Get eMail
I've been a member of your message board/newsletter over
the past few years.
I am currently in a senior business development role with Business
Development Bank of Canada. Obviously, most of the US-related
items have
great relevance to our market as well. Thanks for your great work.
I have been involved in the Canadian leasing industry for over 10 years
though, in various business development and management capacities.
If there is any help that I can give you on any issues, please do not
hesitate to contact me. I know most of the Leasing and Banking community
in Ontario quite well.
BDC:
Assets $7.8Billion
Customers 21,000
Employees 1,250
Branches 80
Our financial services group provides equipment financing, commercial
real
estate financing and working capital financing to growing Canadian
companies. We also offer venture capital, subordinated debt and
consulting
services (ISO, lean manufacturing consulting, efficiency, R&D tax
credits,
etc.). Our mission statement can be found on our website.
It might be nice someday to highlight the major differences (and there
are
many) between the Canadian and American equipment finance industries...
Regards,
Greg Kealey
Senior Manager, Loans
Business Development Bank of Canada (BDC)
Markham, ON
Website: www.bdc.ca
Email: greg.kealey@bdc.ca
Phone: 905-305-8796
--
(John Semon of Lessors Network and I have been promoting each other since Leasing News started,
a kind of trade agreement, but he wants us to stop
promoting his events.)
“Thanks for your continued support, but I'm going to ask
you to do something you may find hard to believe. I would rather you
not advertise our events as we are already having to turn away to many
asking to attend.
“As you know, we have built our business catering to an ‘exclusive
group’. We keep our events small to enhance the networking benefits
and our "Showcase" format has proven to be very effective
in identifying new business development opportunities for those lucky
enough to attend.
“Feel free to continue your unbiased reporting on the Lessors
Network and our events when you feel if is of benefit to Leasing News
and your readers.
“On another note, how is your project to create standardized
docs for the broker community coming? I may want to help you with that.
Is it still moving forward? “
Thanks as always Kit,
John
(The leasing company generic agreement is under way with
ten leasing
companies contributing their agreements, forms, and experiences,
and
it is being distilled into one generic form that we hope
will work
in most states---and most importantly, will allow the parties
involved
to agree on what expenses or money may be kept in the process
of applying for a lease.
(Here is the official work from the Lessors Network:)
Notice: We are no longer accepting invitation request to
the Lessors Network Broker Showcase. An Attendee Registration Waiting
List has been established and will be used on a first come basis.
Brokers - $100* |
Non Brokers - $400*
(Space is imited and available on a first come basis)
Overview...
No Trade Show Booths - No Appointment Required
If you are a Broker or if you provide funding, products and/or
services to Brokers, this is a showcase event you can't afford to miss.
Lessors Network events are not a series of stuffy lectures or boorish
exhibitor expos, but focus exclusively on new business development within
the equipment leasing community.
This event uses a proven Lessors Network "Showcase"
format to introduce Lease Brokers to Funding Sources and Service Providers
active in the commercial and muni equipment leasing markets.
http://www.lessors.com/Events-2004/Brokers/wait.html
--
NAELB –“Talk the Talk, Not Walk the Walk”
--“I find the By-Line today offensive. I have been
on the Board of
Directors of the NAELB and know how hard it is to be fair and impartial
in any investigation. I think you have not gotten all of your
facts be
fore jumping on your horse and riding off in all directions and
definitely the wrong assumption. But of course you know how to
spell
assume.”
Always,
John Winchester, CLP
( We will continue to print independent, unbiased, and fair
news about the leasing industry. editor )
### Press Release ################################
Bank of the West Implements WorkforceLogic to Manage Its
Contingent Workforce
SONOMA, Calif.----WorkforceLogic announced it has gained
its ninth major corporate client with the implementation of its web-enabled
workforce management system at Bank of the West. Headquartered in San
Francisco, California, Bank of the West is a full-service commercial
bank with over $29 billion in assets and nearly 300 branches in six
western states.
Based on performance
data from other WorkforceLogic clients, Bank of the West expects employees
to realize a much more user-friendly and streamlined contingent workforce
management as a result of implementing WorkorceLogic's on-site service
technology solution. Over the next two years, Bank of the West predicts
it will save between ten and fifteen percent of its total annual contingent
workforce expense by using this solution.
WorkforceLogic
is an enterprise-wide, vendor-neutral, web-based workforce management
application and service offering. This robust Workforce Management System
(WMS) puts all contingent workforce management activities -- from job
requisitions to payrolling -- on the desktop giving corporate users
unprecedented real-time access and control over this vital supply chain,
and generating substantial savings in the process. WorkforceLogic will
also provide an on-site management team to facilitate the contingent
workforce hiring and management process for Bank of the West.
"Bank of the
West's goal was an enterprise implementation of WorkforceLogic, including
integration to all financial and HRIS business systems, in eight to
ten weeks. Our implementation was successfully completed in less than
nine weeks, we've been operating without a hitch ever since," explained
Amy Young -- Vice President and Manager, Staffing -- Bank of the West
Human Resources. "WorkforceLogic will enable the Bank to better
manage our contingent workforce and annual spend in a swift and automated
fashion. This new process has already been well received by our employees
and contingent workers alike. This was not surprising, as the implementation
of this management tool was seamless to our internal users, and will
make all of our lives simpler in the long-run."
"Bank of the
West employs a large number of contingent workers to handle significant
fluctuations in workload," explained Mark Robinson, COO of WorkforceLogic.
"These skilled professionals are critical to the success of Bank
of the West's business, and with a mandate to improve business process
and better manage costs, Bank of the West was the ideal WorkforceLogic
client."
About Bank of the
West
With $29 billion
in assets, Bank of the West (www.bankofthewest.com) currently operates
nearly 300 branches in California, Oregon, Washington, Idaho, Nevada
and New Mexico and is the third largest commercial bank headquartered
in California. Bank of the West now serves 1.5 million retail and commercial
customers including national specialty business lines such as equipment
leasing, religious institution lending, agribusiness lending and SBA
lending.
About WorkforceLogic
WorkforceLogic
(www.workforcelogic.com) is the leader in producing e-business solutions
for the staffing industry. Its corporate parent, the Nelson Family of
Companies, has 34 years of knowledge and experience in providing contingent
workforce solutions. WorkforceLogic combines a flexible, state-of-the-art,
software application with deep on-site staffing experience to create
an efficient and sustainable contingent worker procurement process within
a client company.
CONTACT:WorkforceLogic David Lee, 866-296-3343 Vice President,
Client Services dlee@workforcelogic.com
### Press Release ################################
Greater Community Bancorp Declares First Quarter Cash
Dividend
TOTOWA, N.J.----At its regular meeting held March 16, 2004,
the Board of Directors of Greater Community Bancorp (Nasdaq:GFLS) declared
a first quarter cash dividend of $0.11 per share on its common stock,
payable April 30, 2004, to shareholders of record as of April 15, 2004.
Greater Community
Bancorp, with $753 million in assets at December 31, 2003, is a financial
holding company headquartered in Totowa, New Jersey. The Company operates
fifteen branches in the northern New Jersey counties of Bergen, Passaic
and Morris through its three state-chartered commercial bank subsidiaries:
Greater Community Bank, Bergen Commercial Bank and Rock Community Bank.
They provide traditional commercial and retail banking services to small
businesses and consumers in New Jersey. The Company also owns two subsidiaries:
Greater Community Financial and Highland Capital Corp., an equipment
leasing and financing subsidiary.
CONTACT:Greater Community Bancorp
Anthony M.
Bruno, Jr., Chairman and CEO
(973) 942-1111
Ext. 1001
anthony.bruno@greatercommunity.com
### Press Release ############################
Fitch Upgrades First Sierra Equipment Contract Trusts,
Series 1999-2 & 2000-2
Fitch Ratings-Chicago-Fitch Ratings upgrades the following
classes of securities for First Sierra Equipment Contract Trust 1999-2
(First Sierra 1999-2) and First Sierra Equipment Contract Trust 2000-2
(First Sierra 2000-2).
In its review of the First Sierra 1999-2 transaction, Fitch
noted increasing levels of credit enhancement available to all classes
of notes. The continued increase in credit enhancement is a result of
better than expected portfolio performance. As of January 31, 2004,
30+ day delinquencies equal 3.14%, cumulative net losses are 1.80%,
and the recovery rate on previously defaulted contracts is 55.40%. In
addition, all classes benefit from over-collateralization ($4,697,854),
in the form of an issuer interest and a cash reserve account, and class-specific
credit enhancement floors.
Similarly, in its review of the First Sierra 2000-2 transaction,
Fitch noted increasing levels of credit enhancement available to all
classes of notes. The continued increase in credit enhancement is a
result of better than expected portfolio performance. As of January
31, 2004, 30+ day delinquencies equal 6.44%, cumulative net losses are
1.13%, and the recovery rate on previously defaulted contracts is 73.79%.
In addition, all classes benefit from over-collateralization ($5,840,265),
in the form of an issuer interest and a cash reserve account, and class-specific
credit enhancement floors.
The underlying equipment contracts in both transactions were
originated under the private label source, broker, and vendor programs
of First Sierra Financial, Inc., which was later renamed SierrraCities.com
Inc. SierraCities.com Inc. was acquired by a division of American Express
Company (long-term rating of 'A+') in April 2001. Consequently, both
transaction have also benefited from a more financially sound servicer
with increased collections and servicing-related resources.
First Sierra Equipment Contract Trust 1999-2 (First Sierra
1999-2)
--Class B Equipment Contract Backed Notes are upgraded to
'AA' from 'A';
--Class C Equipment Contract Backed Notes are upgraded to
'A' from 'BBB';
--Class D Equipment Contract Backed Notes are upgraded to
'BBB' from 'BB';
--Class E Equipment Contract Backed Notes are upgraded to
'BB+' from 'B'.
First Sierra Equipment Contract Trust 2000-2 (First Sierra
2000-2)
--Class B Equipment Contract Backed Notes are upgraded to
'AA' from 'A';
--Class C Equipment Contract Backed Notes are upgraded to
'A' from 'BBB';
--Class D Equipment Contract Backed Notes are upgraded to
'BBB' from 'BB';
--Class E Equipment Contract Backed Notes are upgraded to
'BB' from 'B'.
The class A-4 Equipment Contract Backed Notes of First Sierra
1999-2 and First Sierra 2000-2 are also affirmed at 'AAA'.
Fitch will continue to closely monitor these transactions
and may take additional rating action in the event of changes in performance
and credit enhancement measures.
Contact: Joseph Tuczak +1-312-368-20 83 or Du Trieu +1-312-368-2091,
Chicago.
Media Relations: Sandro Scenga +1-212-908-0278, New York.
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##### Press Release ###################################
News Briefs---
Unemployment state by state
http://money.cnn.com/pf/features/lists/state_unemployment/
Viruses are becoming sneakier and more complex all the time
-----------------------------------------------------------------------------------------------
“Gimme that Wine”
Napa Valley Adds Its 14th Subappellation
http://www.winespectator.com/Wine/Daily/News/0,1145,2388,00.html
Vintners get new name, new logo to unite programs under one
banner
Wente Vineyards remains leader of the pack
http://www.oaklandtribune.com/Stories/0,1413,82~1726~2020647,00.html
Three New Master Sommeliers Earn Their Wings
http://www.winespectator.com/Wine/Daily/News/0,1145,2387,00.html
Vintners' advocate The new Oregon Wine Board soon will pick
a director to lead efforts to regain the state's cachet and uncork its
full potential
http://www.oregonlive.com/business/oregonian/index.ssf?/base/business/1079701073142430.xml
---------------------------------------------------------------------------------
This Day in American History
1526-The
first North American Slave Revolt: Nearly 40 years before the first
permanent European settlement in North America, Spanish explorers bring
enslaved Africans to what are now the Carolinas. The Africans escape
in what is the first recorded slave revolt in North America. In 1501-
Spanish settlers brought slaves
from Africa to Santo Domingo (now the capital of the Dominican Republic). There
was a slave revolt in 1522 on
the Caribbean island of Hispaniola, which now comprises Haiti and the
Dominican Republic. Most of Columbus bounty were Indian slaves as this
was large commerce for basically “free labor.”
In 1562, John Hawkins, the first Briton to take part in the slave
trade, makes a huge profit hauling human cargo from Africa to Hispaniola.
http://www.nationalgeographic.com/features/99/railroad/tl.html
1621-A peace treaty
and defensive alliance between the Wampanog Indians and the Pilgrims
was concluded at Strawberry Hill, Plymouth, Mass.
Arranged by Squanto, an English-speaking Indian, it was one of
the earliest recorded treaties between Europeans and Indians in North
America. Squantohad been kidnapped and sold as a slave
in Spain. He escaped to England, where he learned English, and lived
in Newfoundland for a time before returning to Massachusetts in 1916.
http://www.night.net/thanksgiving/massasoit-treaty.html
1622- The first
Indian massacre, led by Powhatan’s brother, almost wiped out the settlements
outside
Jamestown, Virginia, which was itself heavily fortified.
347 colonists out of a population of 1,240 were slain. In 1644,
another Indian uprising, led by Opechancanough,
threatened Jamestown, but
was surprised by the colonists, and resulted in a treaty
which forced the Indians to cede additional territory and effected a
peace until 1675. Remains of
the successful English settlement were found in
1996, including wood stains showing where the original wall
was, the skeleton of a settler, and glass beads used for trading with
the local Indians.
1630 - The first
legislation prohibiting gambling was enacted in Boston, Massachusetts.
1765- Britain
enacted a requirement to buy revenue stamps for every pair of dice,
every pack of playing cards, and every newspaper, document, and pamphlet. The purpose of the tax was to raise funds to
pay for the upkeep of the British army in America. Colonists mounted a sustained boycott of British goods until the
tax was repealed.1862-the Confederate cruiser built in England the Oneto,
set
sail from Liverpool, bound for the Bahamas. The ship was
transferred to Captain John Newland Maffitt of the Confederate Navy,
who took rank as commodore. The
guns and stores were sent in another ship that followed.
1812-Birthday of Stephen
Pearl, author, born in Templeton, Massachusetts ; died in New York City,
21 May 1886. He was an ardent abolitionist, and in 1839 removed to Texas,
where he converted many of the slave-owners, who were also large land-owners,
by showing them that they would become rapidly rich from the sale of
land if immigration were induced by throwing the country open to free
labor. Here he acquired considerable wealth in the practice of his profession.
He also had a dedicated following around a “universal” philosophy and
language.
http://www.famousamericans.net/stephenpearlandrews/
1820-
Naval hero Stephen Decatur died from a duel. One of Decatur's colleagues,
Commodore James Barron had been the subject of scandal in 1807 when
he commanded the frigate Chesapeake and failed to prepare it for battle
to British warship Leopold. Barron's disgraceful defeat lead to his
court martial in 1808. One of Decatur's naval duties was to sit on the
trial of Barron's court martial. Although Decatur and Barron had been
friends, Decatur agreed to a verdict that expelled Barron from the Navy
for five years. This event began the thirteen year dispute that would
end on the dueling grounds in Maryland. Barron was overseas at the end
of his five year expulsion from the Navy and did not return to help
defend his country during the War of 1812. Upon Barron's return to the
United States in December 1818, Decatur challenged his absence during
the war. In his defense, Barron claimed he had no money, and therefore
could not get back to his country. Back and forth over four years, letters
were written and both men stood their ground. Eventually, the quarrel
became a fatal battle of honor.
Although dueling was illegal in the city of Washington, it was still
common for naval officers to challenge one another. On March 22, 1820,
Commodore Stephen Decatur and Commodore James Barron met on the dueling
ground in Bladensburg, Maryland. Both men were shot, but Decatur was
mortally wounded. He was brought back to his home on Lafayette Square
and died several hours later. The nation mourned the death of a great
naval hero.
http://www.decaturhouse.org/museum/history2.htm
1822- Birthday
Rosa Bonheur, born in France, her paintings were celebrated in
her home country, but her paintings were the rage in the Golden Age
of American History. Her father was a minor painter and by an early
age, she showed an aptitude for sketching live animals. Before long
she dressed in boys' clothing so she could go into the fields and stockyards
to study animals (in the days of skirts to the ground). By the time
she was 19, two of her paintings were exhibited in the annual Parisian
Salon and at 23 she received her first medal. Although radical in the
way she lived her personal life, Bonheur was politically and artistically
conservative. She worked in a very traditional way, making sketches
and studies in preparation for larger, final paintings. This is an oil
study for her most famous painting, The Horse Fair. The study
is quite small; the final painting is 8 x 16 feet. Bonheur believed
in direct observation of nature and was determined to be accurate in
all details. To this end, she dissected animal parts, sketched from
life, and attended horse fairs, which were opportunities for dealers
of horses to show off their stock to potential buyers. This was not
the type of event normally attended by women. To avoid the taunts and
comments a woman could receive if she were seen at a horse fair, Bonheur
applied for permission from the prefecture of police to dress in men’s
clothing, and received authorization to do so in 1852. She reportedly
did live in an acknowledged lesbian relationship for most of her life.
Her paintings were the rage of the 19th century in America.
One of her finest and most famous painting, The Horse Fair (1853), was
purchased by Cornelius Vanderbilt, it was brought to the U.S. (where
her artistic abilities and personality "meshed with American interest
in innovation and bravura") and now hangs in the Metropolitan Museum
of Art
http://www.artcyclopedia.com/artists/bonheur_rosa.html
1842-publisher
/ abolitionist Josiah Warren (1798-1874) opens 2nd Time Store in New
Harmony. Warren founded several “equity” stores, founded three utopian
colonies, and wrote True Civilization. These stores based sales on the
hours of labor and worked on the trade of these goods for the time of
labor, utilizing a “clock” formula. He is considered America’s first
anarchist.
http://www.famousamericans.net/josiahwarren/
http://www.kat.gr/kat/history/Txt/Gl/Anarchism/JosWarren.htm
http://faculty.evansville.edu/ck6/bstud/warren.html
http://faculty.evansville.edu/ck6/bstud/nh.html
1862-The Confederate
cruiser built in England was the Oneto, which sailed this day from Liverpool,
England, bound for the Bahamas. The ship was transferred to Captain
John Newland Maffitt of the Confederate Nay, who took ran as commodore.
He is considered one of the best known naval
commanders of the Confederate navy. The guns and stores were
sent in another ship that followed.
Maffitt organized blockade-running operations from the West Indies. The
high point of his career, however, was his captaincy of the commerce-raider
C.S.S . Florida. In only two cruises, Maffitt took 57 prizes, wreaking
over $4 million worth of damage to Union shipping. Reassigned to blockade-running
in 1863, Maffitt continued to baffle Yankee captains and bring vital
military cargoes into Southern ports until nearly the end of the war.
http://nautarch.tamu.edu/PROJECTS/denbigh/Maffitt.htm
http://www.civilwar-photos.com/monthly.htm
http://www.history.navy.mil/photos/pers-us/uspers-m/j-maffit.htm
http://www.amazon.com/exec/obidos/ASIN/0872499863/inktomi-bkasin-20/ref%3Dnosim/104-0082188-8675910
1872-the State
of Illinois was the first to pass a law banning sex discrimination in
employment: “ no person shall be precluded or debarred from any occupation
or employment ( except military) on account of sex” was one of the provisions. 100 years later the Senate passed the passed
a law
to prohibit sex discrimination, but it required ratification
by 38 states, which even when the
deadline was extended, it never received the necessary passage
so did not become the law
of the land. Ironically, only 35 states ratified the 1972
amendment. Among the ones that
ironically did not was Illinois:
Alabama
Arizona
Arkansas
Florida
Georgia
Illinois
Louisiana
Mississippi
Missouri
Nevada
North Carolina
Oklahoma
South Carolina
Utah
Virginia
1874-The Young
Men’s Hebrew Association originated in the 1840s as the Young Men’s
Hebrew Literary Association. The first YMHA opened in Baltimore, MD,
in 1854, but was unsuccessful The first permanent YMHA was founded this
day in 1874 by a group of German-Jewish businessmen and professionals
headed by Dr. Simeon Newton Leo. The first president was Lewis May.
A second club was started in Philadelphia in 1875.
1882-The Edmunds
Act is passed by Congress, making polygamy a felony offense, disenfranchising
polygamists and barring them from public office. Apparently the only
US law to deprive citizens of their civil rights without trial. More
than 1,300 men were imprisoned under the terms of this measure.
It was specifically enacted to halt the growth of the Mormon
religion in Utah.
http://www.u-s-history.com/pages/h734.html
http://www.vermonthistory.org/educate/Edmunds/gEdmunds.HTM
1893-The first
women's collegiate basketball game was played at Smith College at Northampton,
MA. Senda Berenson, then Smith's director of physical education and
"mother of women's basketball," supervised the game, in which
Smith's sophomore team beat the freshman team 5-4.
1899-Ruth Page,
American dancer and choreographer Ruth Page was born at Indianapolis,
IN. She was a leading figure in Chicago dance with the Lyric Opera of
Chicago, the Chicago Opera Ballet and the Chicago Ballet. She died Apr
7, 1991, at Chicago, IL. http://www.ruthpage.com/
1907-trumpter
player Rex Stewart born Philadelphia, PA http://www.dnai.com/~lmcohen/BOOKS/dc801590.htm
1908 -- Birthday of Louis L'Amour (1908-1988) lives.
American writer of western fiction. After the 1950s L'Amour published,
at the peak of his career, several westerns a year. Best known is Hondo.
http://www.kirjasto.sci.fi/lamour.htm
1908-guitarist/violinist
Claude Williams born Muskogee, OK http://shoko.calarts.edu/~chung/artists/ClaudeWilliamsBio.html
1915-tenor sax
player Buddy Tate born Sherman, TX
http://elvispelvis.com/buddytate.htm
1919-guitarist
Charlie Christian Birthday http://www.duke.edu/~asr2/charlie.html
1922-trumpter player
Joe Wilder born Colwyn, PA
http://www.lpb.com/eveningstar/joe2.htm
1928-guitarist
Johnny “Texas” Brown born Chotaw City, MS
http://bioc09.uthscsa.edu/~seale/tjbrown.html
1931-yesterday
Day in History had James T. Kirk birthday; today is William Shatner’s
birthday, Montreal, QC, Canada.
1936 -great floods
were at their crest on rivers from Maine to Ohio. Pittsburgh, Pennsylvania
reached 6.1 feet, Harrisburg hit 3.5 feet, and Hartford hit 8.6 feet,
a depth greater than ever before. 107 lives were lost and damage was
placed at $270 million.
1943-singer/guitars/song
writer George Benson born Philadelphia, PA. Benson began as a jazz guitarist,
playing and recording with organist Brother Jack McDuff, and recording
a series of mainstream jazz LPs on his own for several labels. In 1975,
Benson signed with Warner Brothers, where he was encouraged to sing.
The result was "Breezin'," which became the biggest-selling
jazz album of all time. His hit singles, all vocals in the Stevie Wonder
and Donny Hathaway mold, include "On Broadway," "This
Masquerade," "Give Me the Night" and "Turn Your
Love Around."
1943-Birthday of Keith Relf, vocalist, guitarist and harmonica
player with the legendary British band, the Yardbirds, was born in Richmond,
England. The group gave birth to three major guitar heroes of the 1960's
- Eric Clapton, Jeff Beck and Jimmy Page. For his part, Relf is credited
with being one of the first to use guitar feedback. After the Yardbirds
broke up in 1968, Relf and another member of the group, Jim McCarty,
formed a duo called Together. Relf then organized a classical rock band,
Renaissance, and a heavy rock group, Armageddon. In 1976, Keith Relf
was found dead in his London home with a guitar in his hands. He had
died of an electric shock.
1945—Top Hits
A Little on the Lonely Side - The Guy Lombardo Orchestra
(vocal: Jimmy Brown)
Accentuate the Positive - Johnny Mercer
My Dreams are Getting Better All the Time - The Pied Pipers
There’s a New Moon Over My Shoulder - Jimmie Davis
1948- Andrew
Lloyd Webber birthday, composer of such smash musicals as "Jesus
Christ, Superstar," "Evita," "Cats," "Phantom
of the Opera," "Starlight Express" and "Aspects
of Love" was born in London. Webber, the son of a composer, studied
music at the Guildhall School and the Royal College, as well as attending
Oxford. With lyricist Tim Rice, Webber was asked to write a children's
show for EMI Records. The result was a version of an Old Testament story,
"Joseph and the Amazing Technicolor Dreamcoat," which was
a moderate success.With manager David Lands underwriting their efforts,
Webber and Rice started work on a rock opera, "Jesus Christ, Superstar,"
which tells the story from the viewpoint of children who might have
known Christ. The recording of the opera was released on two LP's in
October, 1970, and four years later had sold 5.5 million copies.
"Jesus Christ, Superstar" opened on Broadway in 1971
and in London a year later. . A film version, directed by Norman Jewison,
was made in 1973.
1953—Top Hits
Till I Waltz Again with You - Teresa Brewer
Don’t Let the Stars Get in Your Eyes - Perry Como
Doggie in the Window - Patti Page
Kaw-Liga - Hank Williams
1955-Disc Jockey
Alan Freed joins the staff of Coral records as an A&R man. His two
year deal calls for him to work with Coral's parent Company, Decca,
as a producer.
1956 - Sammy Davis,
Jr. starred in the play, "Mr. Wonderful", in New York City.
The critics were unkind, saying that they didn’t care for the production.
Audiences, however, gave it ‘thumbs up’ and the show went on to be one
of Broadway’s more popular musicals, catapulting Davis into the limelight.
He appeared with Frank Sinatra in Las Vegas, as Sinatra was also making
a comeback, having won the Academy Award in 1954 as best supporting
actor in “From Here to Eternity.” They
became fast friends. The public
black and white relationship was ahead of its time.
1956 - Perry Como became the first major TV
variety-show host to book a rock and roll act on his program. The ‘Incomparable
Mr. C.’ booked Carl Perkins for the show and Perkins sang "Blue
Suede Shoes".
1958 - Movie producer
Mike Todd and three other passengers were killed when the Lockheed Lodestar
aircraft they were in exploded while in midair. Mike Todd was Elizabeth
Taylor's third husband, and she took his untimely death very hard. It
was reported that Taylor had planned to be on board as well, but her
husband discouraged her from the trip due to an illness she was getting
over. Todd produced the Oscar- winning movie from two years earlier,
Around the World in 80 Days, and introduced innovative methods of filming
to the industry.
1958- At the urging
of his mother, Hank Williams Junior makes his stage debut in Swainsboro, Georgia. he is the eight year
old son of the late country singer (who past away New Year's Day 1953)
and his wife, Audrey Williams. It would take years and a near-fatal
accident before he could develop a style of his own and come to terms
with being the son of one of country music's greatest performers
1960-the first
patent for a laser (light amplification by stimulated emission of radiation)
granted to Arthur Schawlow and Charles Townes.
1961—Top Hits
Surrender - Elvis Presley
Where the Boys Are - Connie Francis
Dedicated to the One I Love - The Shirelles
Don’t Worry - Marty Robbins
1961- industrial
designer Raymond
Loewy made this sketch of a futuristic sports car at the request
of Sherwood Egbert, the recently appointed president of the ailing Studebaker
Corporation. Egbert charged Loewy to design a new car bold enough to
capture the popular imagination and boost the company's sagging fortunes.
Loewy and his team of designers produced a prototype in record time,
and the Avanti debuted
in the spring of 1962 to rave reviews.
My parents liked it so much they sold their Olds to get a red
Avanti. http://memory.loc.gov/ammem/today/mar22.html
1962 - The play, "I Can Get It For You Wholesale",
opened on Broadway. It featured a 19-year-old named Barbara Streisand.
She stopped the show at the famed Shubert Theatre in New York City.
Streisand starred as Miss Marmelstein. Audiences kept coming back for
more of Barbara for 300 performances. 1969 - UCLA defeated Purdue 92-72
to win the National Collegiate Athletic Association (NCAA) basketball
championship. The Bruins were the first team to win three consecutive
championships -- all under legendary head coach John Wooden. UCLA went
on to dominate the college basketball title through the 1973 season.
1969 - UCLA won the National Collegiate Athletic Association (NCAA)
basketball championship after defeating Purdue 92-72. The Bruins were
the first team to win three consecutive championships, while under head
coach John Wooden. Until the 1973 season, UCLA went on to dominate the
college basketball title.
1968 -- For the real
trivia buffs: President's daughter, Lynda Bird Johnson, ordered off
cable car for eating ice cream cone, of course, only in San
Francisco.
http://www.sfmuseum.org/hist1/rock.html
http://www.sfheart.com/SF_History.html
http://www.sfgate.com/sf/howe/1115.html
1969—Top Hits
Dizzy - Tommy Roe
Traces - Classics IV featuring Dennis Yost
Indian Giver - 1910 Fruitgum Co.
Only the Lonely - Sonny James
1972- the Senate
passed the 27th Amendment, prohibiting discrimination on the basis of
sex, sending it to the states for ratification. Hawaii led the way as
the first state to ratify and by the end of the year 22 of the required
states had ratified it. On Oct 6,1978, the deadline for ratification
was extended to June 30, 1982, by Congress. The amendment still lacked
three of the required 38 states for ratification. This was the first
extension granted since Congress set seven years as the limit for ratification.
The amendment failed to achieve ratification as the deadline came and
passed and no additional states ratified the measure. http://www.equalrightsamendment.org/
1972- The Yankees
trade first baseman Danny Cater to the Red Sox for lefty reliever Albert
Walter Lyle. Over the next seven years, Sparky will pitch in 420 games
in relief with 57-40 record and a 2.41 ERA notching 141 saves as he
helps the Bronx Bombers to appear in three World Series.
1976-Presidential candidate Jimmy Carter tells the audience
at the National Association of Record Merchandisers' Scholarship Foundation
Dinner that Bob Dylan, the Grateful Dead, Led Zeppelin and other bands
inspired him while working late nights when he was the Governor of Georgia.
To prove he would never lie to them, he quoted lines from the Beatles'
"Yesterday" and Dylan's "Blowin' in the Wind.
1977-a blockbuster
coastal storm lashed New York and New England. Norfolk, Connecticut
was buried under 33 inches of snow. 24 inches was reported at Pittsfield,
Massachusetts and 18 inches piled up at Gardner, Massachusetts. Snow
amounts exceeded 30 inches in the Catskills in southeastern New York.
3 to 5 inches of rain deluged south coastal New England and wind gusts
reached 60 to 90 mph. A 450 foot radio tower in Framingham, Massachusetts
was toppled by the high winds.
1977—Top Hits
Love Theme from "A Star is Born" (Evergreen) -
Barbra Streisand
Fly like an Eagle - Steve Miller
Rich Girl - Daryl Hall & John Oates
Southern Nights - Glen Campbell
1977 - Comedienne
Lily Tomlin made her debut on Broadway, as "Lily Tomlin on Stage"
opened in New York.
1977-Stevie Wonder
releases the single, "Sir Duke." The tune was a tribute to
Duke Ellington and would spend 3 weeks at #1
1982-Diana Ross'
first solo album for RCA, "Why Do Fools Fall in Love," goes
platinum less than three months after its release.
1985—Top Hits
Can’t Fight This Feeling - REO Speedwagon
The Heat is On - Glenn Frey
Material Girl - Madonna
Crazy for Your Love – Exile
1988 - Rain and
high winds battered the Northern Pacific Coast Region, with wind gusts
to 78 mph at Ocean Shores WA. The high winds uprooted trees and down
power lines. Ten cities in the northeastern U.S. reported new record
low temperatures for the date. Eight cities in the central U.S. reported
record highs. Southerly winds gusting to 60 mph helped push the mercury
at Ottumwa IA to a record warm reading of 83 degrees
1989-Dick Clark
announces he'll no longer host "American Bandstand," ending
a 33-year run.
1989 - Six cities
in the Great Lakes Region, and three in southern Texas, reported new
record low temperatures for the date, including Alpena MI with a reading
of 9 above zero, and Brownsville TX with a reading of 38 degrees
1999---Top Hits
Believe- Cher
Heartbreak Hotel- Whitney Houston Feat. Faith Evans
Angel Of Mine- Monica
I Still Believe- Mariah Carey
2002- After a
poor spring trying to make the Dodgers as a bench player, 38-year-old
Dante Bichette (.299, 274, 1,141) announces his retirement. The four-time
All-Star played with the Angels, Brewers, Rockies, Reds and Red Sox
during his 14-year major league career.
NCAA Basketball Champions
This Date
1958 Kentucky
1969 UCLA
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