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Friday, October 31, 2014

Today's Equipment Leasing Headlines

Pictures from the Past
  1991—The Wild Kingdom of SIGs
   Classified Ads---Legal
CIT Survey: Voice of the Middle Market
  Pawnee Leasing Simplifies Sales Processes
   with DocuSign and eOriginal
Leasing News - Help Wanted
  EverBank Financial Corp Announces
   Third Quarter 2014 Financial Results
New Hires---Promotions

   in the Leasing Industry
Failed banks, class of 2014
  SNL Report
Chart: LinkedIn Revenue
Leasing News: Fernando’s View By Fernando Croce
  Special Halloween Edition, Part Two
    Daschund Mix
      Tallahassee, FL  Adopt-a-Dog
News Briefs---
ICBA Urges Balanced Approach to Proposed Expansion
 of Mortgage-Data Reporting Rules
   Judge approves Stockton’s plan to repay creditors, leaving pensions intact
     GDP takeaways: It could be as good as it gets
   Members of the world’s richest club make half-a-million bucks per minute
Hazmat-suit maker’s shares jump on Ebola orders
  GM spokesman becomes 'Chevy Guy' thanks to 'technology and stuff'
   Apple CEO says he's 'proud to be gay'

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Pictures from the Past
1991—The Wild Kingdom of SIGs

“Ring Master” C. Michael Baker, CLP, the April 17-21, WAEL Spring Conference Chairman, introduces the “ Wild Kingdom of SIGs”—(Special Interest Groups) during the 1991 WAEL Spring Conference.  Baker, President  of Pacific States Leasing, Fresno, CA, was responsible for keeping three rings going with presentations from the SIGs representing Brokers, Funders, and Lessors during the four day event.  

SIG chairmen pictured here are (l to r)
Lion- Funders SIG-Mike Wing, President, Fleet Credit/Denrich Leasing Group;
Fox- Brokers SIG—George Davis II, President, Fortune Financial; and
Bear- Lessors SIG—Rick Wilbur, President, Charter Equipment Leasing



Classified Ads---Legal

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

San Diego , CA 
Experienced in-house corporate, equipment leasing and financial services attorney seeks position as managing or transactional counsel. Willing to relocate.
Cell Phone: 760-533-4058; | Resume

Free Posting for those seeking employment in Leasing:

All “free” categories “job wanted” ads:


John Kenny 
Receivables Management

• End of Lease Negotiations & Enforcement
• Fraud Investigations
• Credit Investigations • Asset Searches 
• Skip-tracing • Third-party Commercial Collections | ph 315-866-1167|

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


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

CIT Survey: Voice of the Middle Market


Middle market executives have a positive outlook for their businesses with nearly two-thirds (63%) indicating that their companies are better off today than last year, while 62% expect the size of their workforce to increase in the coming year. These are some of the key findings found in the third annual Voice of the Middle MarketTM study ( released today by CIT Group Inc. (NYSE:CIT), a leading provider of commercial lending and leasing services. However, this optimism is tempered by concerns related to continued economic uncertainty, costs associated with complying with the Affordable Care Act, regulations and tax increases.

“Middle market companies represent the backbone of the American economy, leading innovation and growth that has been vital to the recovery of the U.S. economy,” said Tom Hobbis, Co-Head of CIT Sponsor Finance. “Our study has found that while middle market executives are upbeat about their own prospects and are looking to grow as a result, they believe it’s important that elected officials bring forth policies that support the middle market.”

Jeff Kilrea, Co-Head of CIT Sponsor Finance, added, “As a leading provider of financing to the middle market, it’s important for CIT to understand the views of middle market executives on the key issues that affect their companies. This annual study offers us the opportunity to hear directly from this important sector of the U.S. economy.”


  • Economic Uncertainty; Affordable Care Act Costs; Taxes and Regulations Top Concerns: While expressing much optimism for their own companies, there are still several issues that cause trepidation among middle market executives. Those areas of top concern include: continued economic uncertainty (76%); costs associated with complying with the ACA (75%); regulations (71%) and tax increases (70%).
  • Tax Reform Should Top Congress’ Agenda: Tax reform is a top priority for respondents with 84% saying they want Congress to take action on this issue. Additionally, about three-fourths want changes to healthcare reform, investments in infrastructure, and increasing domestic energy production. Less than half (40%) think raising the federal minimum wage should be taken up by the 114th Congress.
  • Workforce Expansion Expected: Over half the middle market companies (55%) have experienced workforce growth over the past 12 months. Sixty-two percent say they expect the size of their workforce to increase in the coming year. More than half (58%) report that business demand and opportunities will lead to an increase in workforce.
  • Growth on the Horizon: Fifty-eight percent of respondents expect to enter other regions within the U.S. over the next 12 months, while 62% expect to increase their range of products and services in the next 12 months.
  • Optimism around Local Economies Trump National and Global Economic Outlooks: While expressing concern around continued economic uncertainty, executives are gaining confidence in the national and global economies. Twenty seven percent of executives, up from 15% in 2013, feel that the U.S. economy is performing strongly, while 14% describe the global economy as strong, compared to only 7% percent last year. Executives continue to express significant optimism when it comes to the strength of their local economy with more than half (51%) describing it as strong.
  • Talent Management Top of Mind: Sixty-eight percent of executives are concerned about their ability to retain top talent and 65% are concerned about their ability to hire top talent. Middle market executives are also facing challenges around data security, with 67% saying this is a concern for the coming year.
  • Middle Market Look To Republicans To Lead Congress: The majority of middle market executives (55%) say a Republican-controlled Congress would be good for their company, while only one in five think a Democrat-controlled Congress would be better for their firm (21%).
  • Satisfied With Financing: Ninety percent of respondents said they are satisfied with their company’s access to financing, up almost 10 points from 2013. Ninety four percent report being satisfied with their current financial lender, and more than four out of five say they are satisfied with the variety of financing alternatives available to them and the cost of financing.
  • Dissatisfaction with Congress and the President: Congress received low marks with 84% of executives disapproving of Congress’ job performance, while roughly two-thirds disapprove of President Obama’s job performance. In addition, the vast majority believe Congress is doing too little to support both small (86%) and middle market (77%) businesses.
  • Majority Support GOP Presidential Candidate in 2016 Election: Just over half would like the next president to be a Republican (54%).The three most popular Republican candidates are New Jersey Governor Chris Christie, former Florida Governor Jeb Bush, and former Massachusetts Governor Mitt Romney. On the Democratic side, former Secretary of State Hillary Clinton generates the greatest support.

About the Survey
KRC Research, on behalf of CIT, fielded an online survey among 301 U.S. middle market executives representing a range of industries. Fieldwork was conducted in August of 2014. In order to be eligible to participate in the survey, respondents had to be in a leadership role at firms with revenues between $25 million and $1 billion, the majority of whose employees were based in the United States. Researchers defined leadership roles as: Owner, Board Member, C-Suite Executive (Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, Chief Information Officer, Chief Investment Officer, or other C-Suite title), or SVP/VP/Director.

About CIT
Founded in 1908, CIT (NYSE:CIT) is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lendingfactoringretail and equipment finance, as well as aerospaceequipment and rail leasing. CIT’s U.S. bank subsidiary CIT Bank (Member FDIC),, offers a variety of savings options designed to help customers achieve their financial goals.

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



Pawnee Leasing Simplifies Sales Processes
with DocuSign and eOriginal

eOriginal, Inc., the experts in eAsset Management services, and DocuSign, Inc. (DocuSign®), The Global Standard for Digital Transaction Management (DTM), have collaborated to deliver a seamless DTM solution to empower Pawnee Leasing Corporation to streamline its leasing sales process. eOriginal and DocuSign are helping Pawnee to accelerate time to funding for faster speed to revenue, lower costs, and a better customer experience.

The joint solution from eOriginal and DocuSign allows Pawnees broker and lessor customers to seamlessly originate and electronically execute sales contracts with the company in minutes. The all-digital sales process eliminates the hassles, costs and lack of security in printing, faxing, scanning and overnighting documents to complete transactions.

The joint solution allows Pawnee Leasing to: 

  • Reduce cost and time by eliminating printing, scanning, faxing or mailing paper contracts.
  • Manage risk using eOriginals eAsset Management Services, there is a secure path to manage Electronic Original® documents throughout their lifecycle, ensuring the ability to pledge, sell, and securitize eAssets.
  • Improve customer experience with the convenience of DocuSigning anytime, anywhere, on any device, while empowering digital asset management.

The powerful combination of DocuSign and eOriginal allows Pawnee to manage chattel, loan documents and any negotiable instrument or critical assets 100 percent electronically. eOriginal and DocuSign will dramatically reduce time to close while enabling financial compliance for Pawnee as the complete DTM solution that mitigates risk of human error in contract management, which cuts costs and increases efficiency.

Brian Schonfeld

  • "We've been very pleased with the joint DocuSign and eOriginal solution thats helped us take our sales organization fully digital," said Brian Schonfeld, Project & Information Manager for Pawnee Leasing. "We now have partners that are looking out for our customers best interest with an innovative technology integration that speeds business processes and provides the security and compliance that Pawnee and our banking partners demand. Digital Transaction Management has accelerated our sales cycles while eliminating risk and inefficiencies from our business."

  • "We believe the most successful companies will be fully digital by the end of the decade," said Neil Hudspith, Chief Revenue Officer, DocuSign. "By partnering with eOriginal, were helping organizations like Pawnee Leasing achieve its digital transformation faster."

  • "Pawnee Leasing is moving into a new era with a complete DTM solution," said Stephen Bisbee, President and CEO of eOriginal. "The company will soon realize new levels of efficiency, compliance, security and asset flexibility that will strengthen its sales and business processes."

About eOriginal, Inc. 
Founded in 1996, eOriginal is the trusted expert in electronic transaction management solutions, specializing in the post-execution management of financial asset documentation. eOriginals eAsset Management Services allows fully electronic transactions to be managed with the highest levels of security and compliance throughout their lifecycle. By treating every transaction as having assets that must be verifiably secure, legally compliant and enforceable, eOriginal provides its customers and partners with eCertainty. For more information, please visit eOriginal®, eAsset, and eCertainty are trademarks of eOriginal, Inc. and are registered or pending registration in the United States or in other jurisdictions.

About DocuSign Inc. 
DocuSign® is The Global Standard for Digital Transaction Management. Global enterprises, business departments, individual professionals, and consumers have standardized on DocuSign, with more than 40,000 new users joining the DocuSign Global Network every day. Today, that network includes millions of users in 188 countries. DocuSign's DTM platform supports legally compliant electronic and digital signature processes tailored to meet requirements globally with localization in 43 languages. Companies and individuals DocuSign to accelerate transaction times to increase speed to results, reduce costs, increase security and compliance, and delight customers across nearly every industry from financial services, insurance, technology, healthcare, manufacturing, communications, real estate, retail, and consumer goods to higher education, non-profit and others as well as every business department, including sales, finance, operations, procurement, HR/staffing, legal, and customer support. For more information, visit or call 877.720.2040. Visit the DocuSign blog at and follow DocuSign on Twitter, LinkedIn and Facebook.



Leasing Industry Help Wanted

Rosemont, Illinois

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Leasing Experience, knowledge LeasePlus preferred,
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STRADA Capital recently moved into its new facility and is hiring Top Sales Producers to work in our Equipment Financing and Working Capital Divisions.

High Level Performance, Collaborative Creativity, Integrity and Transparency define our Culture. The Company offers generous commission plans, industry leading support and benefits.

Email your resume to:
The Place where Professionals Prosper


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


EverBank Financial Corp Announces
 Quarter 2014 Financial Results

EverBank Financial Corp (NYSE: EVER) announced today its financial results for the third quarter ended September 30, 2014.

Total commercial banking loans and leases HFI increased $284 million, or 4%, compared to the prior quarter and $1.3 billion, or 23%, year over year to $7.0 billion. Commercial real estate and other commercial loans increased $95 million, or 3%, to $3.3 billion, equipment financing receivables increased $262 million, or 17%, to $1.8 billion and lender finance increased $53 million, or 8%, to $678 million. Mortgage warehouse finance outstanding balances decreased $125 million, or 10%, compared to the prior quarter, to $1.2 billion.

"We are pleased with our third quarter performance as we delivered strong earnings, achieved robust portfolio loan growth and benefited from our deposit growth initiatives," said Robert M. Clements, chairman and chief executive officer. "We remain focused on executing our core strategies designed to enhance the long-term value of our franchise and serve the needs of our consumer and commercial banking clients."

GAAP net income available to common shareholders was $41.0 million for the third quarter 2014, compared to $32.3 million for the second quarter 2014 and $30.6 million for the third quarter 2013. GAAP diluted earnings per share were $0.33, a 27% increase from $0.26 in the second quarter 2014 and a 32% increase from $0.25 in the third quarter 2013.

Third Quarter 2014 Key Highlights

  • Return on average equity (ROE) was 10.6% for the quarter.
  • Portfolio loans held for investment (HFI) of $16.6 billion, an increase of 8% compared to the prior quarter.
  • Retained originations of $1.7 billion in the quarter; year to date retained originations of $4.3 billion.
  • Total assets of $20.5 billion, an increase of 4% compared to the prior quarter.
  • Total deposits of $14.5 billion, an increase of 4% compared to the prior quarter.
  • Tangible common equity per common share increased 8% year over year to $12.36 at September 30, 2014.
  • Strong capital position with bank tier 1 leverage ratio of 8.5% and bank total risk-based capital ratio of 14.0%.
  • Adjusted non-performing assets to total assets1 improved to 0.50% at September 30, 2014. Annualized net charge-offs to total loans and leases held for investment remained low at 0.09% for the quarter.

"During the quarter, we continued to execute on initiatives designed to deliver improved efficiency and drive operating leverage across the organization," said W. Blake Wilson, president and chief operating officer. "The investments we have made in our origination franchise are resulting in continued portfolio loan growth across our consumer and commercial businesses."




New Hires---Promotions in the Leasing Industry

CIT Business Aircraft Finance, a provider of financing solutions to business jet operators and owners, today shared several key announcements regarding new and existing team members who are assuming new roles in the organization.

“Companies around the world continue to recognize that business aircraft drive growth, save time and facilitate quality face-to-face interaction,” said Mike Kahmann, Group Head and Managing Director, CIT Business Aircraft Finance. “These announcements about our quality team demonstrate our commitment to this crucial sector of the aerospace industry and to delivering the highest level of service to our customers.”

Among the key announcements were:

  • Ron Walls joined as Vice President, Equipment Management. In this role, he is responsible for valuations and management of CIT’s business aircraft portfolio. Walls has been involved in equipment management within the finance industry for almost 30 years, and has worked for a number of top equipment finance institutions across the country, including Wachovia/Wells Fargo Equipment Finance, Banc One Leasing Co., Fleet Capital Leasing, Transamerica Equipment Leasing and GE Capital. Walls is a member of the American Society of Appraisers (ASA) as well as the National Business Aviation Association (NBAA) and the National Aircraft Finance Association (NAFA). He also served on the Jet Aviation Customer Advisory Board from April 2011 to April 2014.
  • Jose Luis Muñoz joined as Vice President, Sales, Latin America. He will be responsible for sales initiatives and strategy for the region and will be based in Mexico City. Prior to CIT, Muñoz spent the last four years in GE Capital’s Corporate Aircraft Finance group, where he originated and structured leases and loans for corporate accounts in Mexico.
  • Nicole Halverson was appointed as Vice President, Aircraft Trading & Syndications. She will be responsible for optimizing the business aircraft portfolio through acquisitions, syndications and divestments. Halverson began her career at CIT Aerospace in 2004, holding positions within CIT Commercial Air and CIT Business Aircraft Finance. Most recently, she was Vice President, Sales, Americas, where she managed CIT’s originations of business aircraft financings throughout Latin America.
  • Michael Francis, Vice President, Sales, North America - East, will be responsible for new business development in the U.S. east of the Mississippi River as well as in the Caribbean. Francis has been with CIT since 2012. Prior to CIT, he managed private aviation for a family office and was a sales manager for a fractional aircraft ownership company.
  • Craig Roy, Assistant Vice President, Sales, North America - West, will be responsible for originations in the U.S. west of the Mississippi River. Roy joined CIT in 2007, and has held several roles in CIT Business Aircraft Finance and CIT Commercial Air. Most recently, he managed indirect originations and syndications for CIT Business Aircraft Finance.


 - National Leasing Group Inc. (National Leasing) is pleased to announce that, on November 1, Tom Pundyk, President, National Leasing, will assume the role of President and Chief Executive Officer. Mr. Pundyk has spent his entire career with National Leasing spanning all aspects of the business, most notably Chief Operating Officer, before taking on the role of President in fall of 2013. He succeeds long serving CEO Nick Logan who will officially retire on October 31, 2014.

“I look forward to continuing to execute National Leasing’s strategy and drive sustainable, long-term growth as we look towards 2020 and beyond,” says Mr. Pundyk. “With our customer-first approach and award-winning corporate culture, we have the building blocks in place for great success.”

Over the past year, Nick Logan has supported a seamless transition within the executive team.

“Tom has been with me since the early days of National Leasing almost 40 years ago. I have every confidence in his abilities and in National Leasing’s future under his leadership,” says Mr. Logan. “I am so proud of everything this company has accomplished over the past four decades. Thank you to National Leasing’s 300 employees for your dedication and to over 50,000 Canadian businesses for choosing National Leasing to help grow your business through equipment financing.”

During Mr. Logan’s tenure, National Leasing has achieved over 100 consecutive profitable quarters, 20 per cent growth rates year-over-year and less than five per cent employee turnover. This has earned National Leasing recognition as one of the Best Small and Medium Employers in Canada by Aon Hewitt and Queen’s School of Business, one of Canada’s 10 Most Admired Corporate Cultures by Waterstone and Achiever’s 50 Most Engaged Workplaces.

Mr. Pundyk’s biography is available here

Other hires:

 - Debbie Solimani was Manager Operations - Financial Services at Olympus. She was formerly Operations Manager since April 2011.

 - Joe Pilson was named Account Representative at Canon Financial Services, Inc.

 - Christopher Szopa was named Vice President, Territory Director at Frost Bank

 - Alexandra Allen was named Property Manager Secretary at Custom Property Management at Bibby Financial Services

 - Cheryl Stammer named Vice President, Senior Business Development Officer at Federal National Commercial Credit

  -Aaron Gerchak named Account Executive at Lease Corporation of America


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)



Failed banks, class of 2014

By Daniel M. Burkard and Divya Lulla and Zuhaib Gull

The OCC shut down Chicago-based National Republic Bank of Chicago on Friday, Oct. 24, pushing the total number of failures in 2014 to 16. In comparison, 22 banks were closed through Oct. 24 in 2013.

SNL Image

The FDIC has relied less on loss-share agreements to complete its failed-bank transactions of late. None of the 16 government-assisted transactions this year included a loss-share agreement, while three of the failures in 2013 included these agreements. In 2012, 20 failures included loss-share agreements.

Failures this year have cost the FDIC's deposit insurance fund less than previous years. The median cost to the fund at the time of announcement as a percentage of the failed banks' assets is 13% in 2014 to date, down from 22% for full year 2013 and 21% in 2012.

SNL Image

Chicago-based National Republic Bank of Chicago ($954.4 million)

National Republic Bank of Chicago was the largest Indian-American-owned bank in the U.S., according to a July 30 article in Crain's Chicago Business. In July, the OCC issued a prompt corrective action directive to the bank requiring, among other things, the dismissal of Hiren Patel as chairman and CEO and Edward Fitzgerald as president. As of June 30, 52.4% of the company's loans were past due or nonaccruing. Most of the company's loans were commercial real estate loans.

SNL Image

Rising Sun, Md.-based NBRS Financial Bank ($188.2 million)

NBRS Financial Bank is the second Maryland institution to close this year after Bel Air, Md.-based Slavie Federal Savings Bank (MHC) failed May 30. Established in 1873, NBRS Financial operated with five branches — four in Maryland and one in Pennsylvania. A purchase and assumption agreement was reached between the FDIC and the acquirer, Howard Bank. The Ellicott City, Md.-based Howard Bancorp Inc. unit agreed to pay the FDIC a 1.19% premium to assume all of NBRS Financial's deposits. Prior to its failure, NBRS Financial had posted assets and deposits of $188.2 million and $183.1 million, respectively, in its June 30 regulatory filing. A $24.3 million cost to the deposit insurance fund was estimated by the FDIC.

Chicago-based GreenChoice Bank fsb ($70.3 million)

GreenChoice Bank was the fourth Illinois institution to fail this year after regulators shuttered Moline-based Valley Bank on June 20. Established in 1910, GreenChoice Bank operated three branches, all in Illinois. The savings bank failed to post a profit in any quarter since the end of 2008 and had a Texas ratio of 551.04% on June 30. South Holland, Ill.-based Providence Bank LLC assumed the bank's deposits, which stood at $68.7 million at the end of the second quarter. Providence Bank also purchased $67.7 million of GreenChoice Bank's assets. The FDIC retained the remaining assets for later disposition.

Conyers, Ga.-based Eastside Commercial Bank ($173.9 million)

Eastside Commercial Bank was the first Georgia bank to fail since regulators shuttered Valdosta, Ga.-based Sunrise Bank on May 10, 2013. Established in 2005, Eastside Commercial Bank operated two branches, both in Georgia. The institution posted a profit in only two quarters since the start of 2010. Atlanta-basedCommunity & Southern Bank assumed all of Eastside's deposits, which stood at $166.9 million at June 30. The Community & Southern Holdings Inc. unit also entered into an agreement with the FDIC to buy $104.7 million of Eastside's assets. In a separate deal, the FDIC agreed to sell $42.6 million of the failed bank's loans to Macon, Ga.-based State Bank and Trust Co., a subsidiary of State Bank Financial Corp. The regulator has retained the remaining assets for later disposition.

Freedom, Okla.-based Freedom State Bank ($22.8 million)

Freedom State Bank's closure June 27 marked the second failure in Oklahoma this year, after regulators closed Bank of Union on Jan. 24. Established in 1919, Freedom State Bank operated a single branch in Oklahoma before it was shut down. The FDIC had issued a prompt corrective action directive to the bank May 2.

Moline, Ill.-based Valley Bank ($456.4 million)

Valley Bank, one of two River Valley Bancorp Inc. subsidiaries to fail June 20, operated 13 branches in Illinois before its closure. The bank's nonperforming loans ratio stood just shy of 24% at March 31, and the institution posted $51.3 million in total losses from 2010 through March 31. Valley Bank was also operating under acease and desist order from Jan. 15.

Fort Lauderdale, Fla.-based Valley Bank ($81.8 million)

Established in 1974, Valley Bank operated four branches in Florida before its closure June 20. This was the first Florida failure since Graceville-based Bank of Jackson County closed Oct. 30, 2013. Valley Bank was operating under a cease and desist order dated Dec. 18, 2013, and had lost $17.9 million from 2009 through March 31. The Seminole Tribe of Florida had expressed an interest in acquiring Valley Bank but subsequently withdrew its application.

Bel Air, Md.-based Slavie Federal Savings Bank (MHC) ($140.1 million)

Founded as a community bank in 1900, Slavie Federal Savings Bank (MHC) marks the ninth failure in Maryland since 1998. This was the first failure in the state since regulators closed HarVest Bank of Maryland on April 27, 2012. Prior to its closure, the OCC issued a cease and desist order to Slavie on Jan. 7. The institution had struggled to improve its capital position as its Tier 1 risk-based ratio fell to 3.83% in the first quarter from 11.92% two years prior. Furthermore, the bank failed to earn a profit in its last 11 quarters, incurring an aggregate net loss of $16.4 million over that period.

Cincinnati-based Columbia Savings Bank ($36.5 million)

Established in 1892, Columbia Savings Bank operated out of a single branch in Cincinnati. The failure marks the first in Ohio after regulators closed Milford-basedBramble Savings Bank in 2010. The FDIC issued a prompt corrective action directive to Columbia Savings Bank on March 13, ordering it to either increase its capital levels or accept an offer to be acquired by another bank. Prior to its failure, the institution had incurred a net loss in 22 of its last 24 quarters. The aggregate loss for those quarters totaled $5.36 million.

Berwyn, Ill.-based AztecAmerica Bank ($66.3 million)

The bank was established in 2005, focusing on the Latino community in Chicago, according to Crain's Chicago Business. In an SNL analysis, AztecAmerica was ranked fifth on the list of banks and thrifts with the highest adjusted Texas ratio in the first quarter. The bank had incurred net losses for 22 of its last 25 quarters for an aggregate loss of $13.8 million.

Fairfax, S.C.-based Allendale County Bank ($51.5 million)

The bank was established in 1937 and operated five branches in South Carolina. This represents the first bank failure in South Carolina since Carolina Federal Savings Bank in June 2012. The FDIC had issued a cease and desist order to Allendale County Bank in July 2013. At the end of 2013, about 56% of the company's loan portfolio consisted of consumer loans. Due to a substantial rise in its loan loss provision, the bank incurred a net loss of $3.1 million in the quarter ended Dec. 31, 2013.

Horsham, Pa.-based Vantage Point Bank ($63.5 million)

The bank was formed in 2007 and operated one branch in the Philadelphia-Camden-Wilmington MSA. This marks the first failure in Pennsylvania since Nova Bank in October 2012. The FDIC had issued a consent order to Vantage Point on Dec. 9, 2013. The bank had also recently experienced turnover in senior management.

Sterling, Va.-based Millennium Bank NA ($130.3 million)

Established in 1999, the bank had two branches in Northern Virginia. It was the first failure in Virginia since Bank of the Commonwealth in September 2011. The bank had incurred net losses for 23 consecutive quarters for an aggregate loss of $52.1 million. Millennium topped the list of banks with the highest adjusted Texas ratio for the quarter ended Sept. 30, 2013, according to an analysis conducted by SNL.

Boise, Idaho-based Syringa Bank ($153.4 million)

Established in 1997, the bank had six branches in Idaho, five of which were in the Boise City-Nampa MSA. This was the first bank failure in Idaho since April 2009. Syringa Bank's parent, Syringa Bancorp, had received TARP funds in January 2009. Syringa Bank had incurred net losses for 19 consecutive quarters for an aggregate loss of $40.0 million. Total loans and leases were $119.8 million at year-end 2013, down from $260.2 million five years earlier.

El Reno, Okla.-based Bank of Union ($317.2 million)

Established in 1900, Bank of Union had two branches in central Oklahoma. This was the first bank failure in Oklahoma since First Capital Bank in June 2012. The FDIC issued Bank of Union a consent order in June 2013. More than half of the bank's loan portfolio was nonperforming as of Sept. 30, 2013.

West Chicago, Ill.-based DuPage National Bank ($53.5 million)

The bank was established in 1891 and operated three branches in the Chicago MSA. DuPage National was the first bank failure in Illinois since Covenant Bank in February 2013. The bank had incurred net losses for 25 consecutive quarters for an aggregate loss of $17.7 million. As of Sept. 30, 2013, 17.41% of its gross loans were past due or in nonaccrual status







Leasing News: Fernando’s View
By Fernando Croce

Special Halloween Edition, Part Two

With Halloween just around the corner, we’ve put together a two-part catalog of classic frightfests to go with your pumpkin treats. So check out these indelible horror tales and have a safe, hearty holiday.

The Black Cat (Edgar G. Ulmer, 1934): Bela Lugosi and Boris Karloff were meant to outcreep each other on screen, and what better opportunity to pair up these two horror icons than with an adaptation of an Edgar Allan Poe story? Set in the more malevolent corners of Hungary, the story follows a couple of American newlyweds (David Manners, Julie Bishop) as they wander into a dark mansion run by the enigmatic Hjalmar (Karloff). What they don't suspect is that their host is really the head of a satanic cult, and that their lives are in grave danger. Luckily for them, along for the ride is Dr. Vitus (Lugosi), a former architect with a vengeful bone to pick with Hjalmar. Directed with a surplus of macabre style by genre specialist Edgar G. Ulmer, this frightful little fable remains a treasure trove for fans of Universal Studio chills.

Horror of Dracula (Terence Fisher, 1958): No Halloween marathon is complete without an appearance by Christopher Lee, so why not go for his signature role in this robust version of Bram Stoker's classic tale? Lee stars, naturally, as Count Dracula, the ancient and deadly vampire who, after an encounter with new employee Jonathan (John Van Eyssen), travels from his castle to the man's village. There, the creature preys on Jonathan's bride Mina (Melissa Stribling) until he runs into vampire hunter Van Helsing (Peter Cushing). Directed by Terence Fisher, the film is a superb showcase of the qualities of Hammer Studios, namely strong, atmospheric visuals (with an emphasis on deep reds) and suggestive hints of dread and passion lurking underneath staid British surfaces.

Don't Look Now (Nicolas Roeg, 1973): A fierce and versatile stylist, British filmmaker Nicolas Roeg reached an unsettling peak with this unforgettably eerie vision, based on a story by Daphne Du Maurier. Laura (Julie Christie) and John Baxter (Donald Sutherland) are a married couple whose life takes a tragic turn after the death of their child. To deal with their grief, they travel to Venice, where they turn their attention to the ancient art surrounding the canals. Soon, however, they begin to experience strange, even psychic signs as they wander through the city. Could it be that the dead daughter is trying to contact them, or could it be a path to something more horrific? Creating a matchless atmosphere of mortality, Roeg's classic gets under the audience's collective skin and builds up to a jaw-dropping revelation.

The Shining (Stanley Kubrick, 1980): A director famous for creating descents into cinematic madness, Stanley Kubrick adapts the Stephen King novel and in the process turns a haunted-house yarn into an unsettling meditation on how evil can renew itself through the ages. Jack Torrance (Jack Nicholson) is a writer who brings his wife (Shelley Duvall) and son (Danny Lloyd) for a stay at the Overlook Hotel. The family has the enormous place all to themselves, but, as Jack’s mind becomes frighteningly erratic and Danny encounters strange visions in the corridors, it becomes clear that they are not alone. Though it hardly lacks shocks, it is Kubrick’s masterful combination of music, mood and camera movement that makes it so indelibly creepy.

The Corpse Bride (Tim Burton, 2005): The creative force behind the Halloween stop-motion favorite "The Nightmare Before Christmas," Tim Burton directed his own bit of animated magic with this inventive, delightfully unearthly story. Taking place during the Victorian 1800s, the plot follows the misadventures of timid Victor Van Dort (voiced by Johnny Depp), whose arranged marriage to Victoria (Emily Watson) is derailed by a ghostly turn of events. Suddenly, Victor finds himself in the underground realm of the dead, where he's engaged to the fetching and temperamental Corpse Bride (Helena Bonham Carter). Stuck between two brides in different worlds, what's an anxious groom to do? With richly dark visuals and a standout Danny Elfman score, Burton creates a beguiling love story in the most unlikely setting.



Dachshund Mix
Tallahassee, FL  Adopt-a-Dog

Lucy is a precious 7 month old mostly Wire-Haired Dachshund/terrier mix. She loves to sit in your lap, watch TV and fall asleep. She plays well with other dogs and her toys. Lucy is crate trained. Like any puppy she picks up everything on the floor to chew, particularly likes to find paper towels, tissue and toilet paper rolls (her favorite).

My approximate weight is:  20 lbs

My approximate age is:  7 months

My adoption fee is: $250

Like all Leon County Humane Society dogs, this one is already spayed or neutered, up-to-date on vaccinations, microchipped, and tested free of heartworms.


Adopt a Pet


News Briefs----

ICBA Urges Balanced Approach to Proposed Expansion of Mortgage-Data Reporting Rules

Judge approves Stockton’s plan to repay creditors, leaving pensions intact

GDP takeaways: It could be as good as it gets

Members of the world’s richest club make half-a-million bucks per minute

Hazmat-suit maker’s shares jump on Ebola orders

GM spokesman becomes 'Chevy Guy' thanks to 'technology and stuff'

Apple CEO says he's 'proud to be gay'

STRADA Capital recently moved into its new facility and is hiring Top Sales Producers to work in our Equipment Financing and Working Capital Divisions.

High Level Performance, Collaborative Creativity, Integrity and Transparency define our Culture. The Company offers generous commission plans, industry leading support and benefits.

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The Place where Professionals Prosper



--You May Have Missed It

15 songs that define Boomers (Slideshow)


SparkPeople--Live Healthier and Longer

Get Fit before You Feast: A November Challenge!


Football Poem

This is the football Season it is that time of year
When men in the pub talk football as they enjoy their beer
And look forward to September when one club will fly the winner's flag
The team that wins the Premiership gives their fans the right to brag.

Their wives nicknamed the footy widows their husbands at the football club
Or after work talking football with their mates down at the local pub
They take football so seriously 'tis their passion in life
The footy fan loves his football club as much as his children or his wife.

And if their team lose at the weekend they feel and look so sad
What's known as football addiction they seem to have it bad
They feel sad for their football team and the chance of four premiership points gone
But they cheer up and look forward to next weekend's game as the working week wears on.

This is the football Season football has gone to their head
And their football scarves and beanies they even wear to bed
About their team they feel so passionate as if to them it did belong
And 'tis with delight and pride in victory that they sing the club song. 



Sports Briefs----

Knicks spoil LeBron's return

Sean Payton: Playing Sunday night then traveling for Thursday game in same week is 'crazy'

Cubs get their man

Giants rasie the bar for Bay Area teams


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



California Nuts Briefs---

Google grows with $1.6 billion in Silicon Valley property deals 

Fintech Sandbox Scores a Crucial ‘Lead Sponsor’: Silicon Valley Bank


“Gimme that Wine”

US Faces Wine Tariff Hikes in Trade Dispute

Collector's 2,447 Bottles Headed for the Sink

Sonoma County cracks down on Bella Vineyards

To Kalon: Napa’s First-Growth Vineyard

Passion, determination, drive East Texas winemaker

Mexico’s Burgeoning Wine Scene

Napa Vintners Giddy about 2014 Harvest

A Rare Tour Inside a Thousand-Year-Old High-Tech Winery

Amador couple strives for sangiovese success

Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

Leasing News Wine & Spirits Page


This Day in American History


1517 - German Augustinian monk Martin Luther, 31, nailed to the door of the castle church in Wittenberg a list of 95 theological points he wished to debate, one of the major events in the founding of the new world that was to become the United Colonies (later changed to the United States.) The weakening of the Vatican-controlled religion touched off the Protestant Reformation that lead to seeking of religious freedom in all countries, but none as profound as the “New World.”
    1740 – Birthday of William Paca, signer of the Declaration of Independence as a delegate of Maryland of which he later became Governor.  Paca died in 1799 at his Wye Hall Estate in Queen Anne’s County on Maryland’s Eastern Shore.
     1753 - George Washington was sent by Governor Robert Dinwiddie of Virginia to demand French withdrawal from the Ohio territory. Dinwiddie had been impressed by Washington's achievement as surveyor and fieldsman, and picked him for the commission, although he was only 21 years old. As adjutant general of the Northern Division, Washington set out from Williamsburg, VA. With Christopher Gist as his guide, he made observations of French fortifications and estimations about needed English fortifications. During the expedition, he kept a journal, which Dinwiddie later obtained and had printed. It indicated French intentions for the territory and attributed to a French office the indiscreet admission that “ was their absolute Design to take possession of the Ohio, and by G---they would do it.”
    1832 - American Episcopal scholar George Washington Doane, 33, was consecrated as second Bishop of the Diocese of NJ. Doane is better remembered today as author of the hymn, "Softly Now the Light of Day."
    1860 - Birthday of Juliet Gordon Low, founder of the Girl Scouts of the USA, Savannah, GA.
    1860 – Birthday of Andrew Volstead, Congressman from Minnesota (1903-23); introduced National Prohibition Act, aka the Volstead Act.  Died January 20, 1947.
      1861 - Citing failing health, General Winfield Scott, commander of the Union forces, retires from service. The hero of the Mexican War recognized early in the Civil War that his health and advancing years were a liability in the daunting task of directing the Federal war effort. Scott was born in Virginia in 1786. He graduated from William and Mary College and joined the military in 1808, where he had become the youngest general in the army by the end of the War of 1812. During the crisis of 1861, Scott remained at his post and refused to join his native state in secession. President Lincoln asked Scott to devise a comprehensive plan to defeat the Confederacy. Scott's strategy called for the blockading of ports to isolate the South economically, then an offensive down the Mississippi River. In the optimistic early days of the war, this strategy seemed hopelessly sluggish.  In fact, critics dubbed it the "Anaconda Plan" after the giant Amazonian snake that slowly strangles its prey. Despite initial criticism, it was the basic strategy that eventually won the war.
    1864 - Nevada became the 36th state.  Anxious to have support of the Republican-dominated Nevada Territory for President Abraham Lincoln's reelection, the U.S. Congress quickly admits Nevada to the Union. In 1864, Nevada had only 40,000 inhabitants, considerably short of the 60,000 normally required for statehood. But the 1859 discovery of the incredibly large and rich silver deposits at Virginia City had rapidly made the region one of the most important and wealthy in the West. The inexpert miners who initially developed the placer gold deposits at Virginia City had complained for some time about the blue-gray gunk that kept clogging up their gold sluices. Eventually several of the more experienced miners realized that the gunk the gold miners had been tossing aside was actually rich silver ore, and soon after, they discovered the massive underground silver deposit called the Comstock Lode. The decisive factor in easing the path to Nevada's statehood was President Lincoln's proposed 13th Amendment banning slavery. Throughout his administration, Lincoln had appointed territorial officials in Nevada who were strong Republicans, and he knew he could count on the congressmen and citizens of a new state of Nevada to support him in the coming presidential election and to vote for his proposed amendment. Since time was so short, the Nevada constitutional delegation sent the longest telegram on record up to that time to Washington, D.C., containing the entire text of the proposed state constitution and costing the then astronomical sum of $3,416.77.  Their speedy actions paid off with quick congressional approval of statehood and the new state of Nevada did indeed provide strong support for Lincoln. On January 31, 1865, Congress approved the 13th Amendment to the U.S. Constitution banning slavery.
    1892 - Arthur Conan Doyle publishes "The Adventures of Sherlock Holmes". While not American history, this was my favorite book in junior high school, where I read the completed collection at least three times, as to me, it was the “Harry Potter” of the day.
    1893 - African-American football player William Henry Lewis named All-American. Harvard's football team featured the first black All-American, Lewis, who had been an undergraduate at Amherst College. Lewis had initially attended Virginia Normal (now Virginia State), but moved north in 1889. He was voted as Amherst's captain in 1890. Lewis went on to Harvard Law School and continued his football career. He played in the Crimson's 6-0 loss to Yale in 1892, but so impressed Walter Camp that he was named to Camp's All-America squad. The Crimson center rusher was a repeat All-America honoree in 1893. Lewis became assistant district attorney in Boston following graduation.
    1896 - Birthday of actress Ethel Waters in Chester, PA. Married when she was 13, Ethel Waters began her singing career at the urging of friends. At age 17, she was singing at Baltimore's Lincoln Center, billing herself as Sweet Mama Stringbean. Her career took her to New York, where she divided her work between the stage, nightclubs and films. She made her Broadway debut in 1927 in the revue “Africana”, and her other stage credits included “Blackbirds”, “Rhapsody in Black”, “Thousands Cheer” and “Mamba's Daughters”. Her memorable stage roles in “Cabin in the Sky” and “A Member of the Wedding” (for which she won the Drama Critics' Award) were recreated for film.  Waters was the second African-American, after Hattie McDaniel, to be nominated for an Academy Award, for her role in “Pinky”. She is also the first African-American woman to be nominated for an Emmy, in 1962.  In 1950, Waters starred in the TV series, “Beulah”, but quit after complaining that the scripts' portrayal of blacks was "degrading."  Waters died at age 80 in 1977.
    1912 – Actress, singer, songwriter Dale Evans was born Lucille Wood Smith, later changed to Frances Octavia Smith, in Uvalde, TX.  She took the name Dale Evans in the early 1930s to promote her singing career.  Evans married Roy Rogers in 1947, his second and her fourth and it lasted 51 years until his death in 1998.  Evans wrote the theme, “Happy Trails to You” for their TV show.  She died Feb 7, 2001.
    1913 – The Lincoln Highway, the first transcontinental highway for automobiles, is dedicated.  It ran coast-to-coast from Times Square inn New York City to Lincoln Park in San Francisco, originally through 13 states: New York, New Jersey, Pennsylvania, Ohio, Indiana, Illinois, Iowa, Nebraska, Colorado, Wyoming, Utah, Nevada, and California.  There are a total of 14 states, 128 counties, and over 700 cities, towns and villages through which the highway passed at some time in its history.  The first officially recorded length of the entire Lincoln Highway in 1913 was 3,389 miles.  This is also the first national memorial to President Abraham Lincoln.
    1915 – Birthday of piano player Meade Lux Lewis, Binghamton, NY. Died June 7, 1964.,+Meade+'Lux'
    1922 - Saxophone player Illinois Jacquet Birthday
    1922 - Birthday of saxophonist Ted Nash, Somerville, MA

    1925 - Record low October temperatures were set in northern New England. Van Buren, ME hit 1 degree, Garfield, VT dropped to 2, Pittsburg, NH to 4 degrees
    1926 – Because this is Halloween, we record this event: Harry Houdini died on this day of peritonitis. Days earlier, between performances at the Princess Theater in Montreal, Canada, as he relaxed in his dressing room, he was visited by a student athlete from Montreal's McGill University. The young man asked Houdini if it was true that he could actually withstand punches to the stomach. Houdini replied in the affirmative, but before he could prepare himself for the stunt by tightening his stomach muscles, the student punched the magician several times in his mid-section. Houdini performed that night and several more, then headed for Detroit where he did one show, then collapsed and was rushed to the hospital. At the time, it was assumed that his appendix had been ruptured by the blows from the student. Current medical knowledge leads experts to believe that Houdini already had appendicitis and only thought that the blows to his stomach were the cause of his pain. Magicians and mediums throughout the world still gather on this night, Halloween, to honor the Great Houdini
    1927 - Hoagy Carmichael records a song he just wrong called “Stardust” (Gennett 6331)
    1929 - A little boy explodes some firecrackers on La Salle Street in Chicago and rumors quickly spread that gangsters who have lost heavily on the stock market are shooting up the street. Squad cars of police arrive to find a very bewildered little kid.  "Despite the fact that there is a cherished legend in American folklore that pedestrians on Wall Street had to scurry out of the way of falling financiers, no such wave of suicides took place. Those (and there were countless) whose life savings had been wiped out were far too stunned and depressed to think of anything so violent as suicide."
— Robert Goldston, The Great Depression
    1930 - In a rare recording, William ‘Count' Basie sang with Bennie Moten's orchestra, "Somebody Stole My Gal.”
    1930 - Birthday of tenor sax player Ervin Booker, Denison, TX, Died August 31, 1970.

    1931 – Newsman Dan Rather was born in Wharton, TX.
    1936 – Little Joe’s birthday.  Actor Michael Landon was born Eugene Maurice Orowitz in Queens.  He was an actor, writer, director, and producer.  He is best known for his roles as Little Joe Cartwright in “Bonanza” (1959–73), Charles Ingalls in “Little House on the Prairie” (1974–83), and Jonathan Smith in “Highway to Heaven” (1984–89). Landon appeared on the cover of “TV Guide” 22 times, second only to Lucille Ball.  Landon died of pancreatic cancer in Malibu in 1991.
    1937 - Tom Paxton was born in Chicago, Illinois. Folk singer/songwriter. His songs have been recorded by hundreds of artists as diverse as Pete Seeger, Willie Nelson and Placido Domingo. “Ramblin' Boy”, “The Last Thing On My Mind”, “Bottle of Wine”, “Goin' to the Zoo” and “The Marvelous Toy” are just a few of his songs.
“Oh lay me down in Forest Lawn in a silver casket
put golden flowers over my head in a silver basket
While the drum & bugle corps
play taps while cannons roar
while sixteen liveried employees
Sell souvenirs from the funeral store...”
     1938 – As the Great Depression enters its tenth year, in an effort to restore investor confidence, the NYSE unveils a fifteen-point program aimed to upgrade protection for the investing public.
    1939 - Birthday of drummer John Guerin, Hawaii
    1941 - Although incomplete, the Federal Government declared the work over at Mount Rushmore National Memorial, after 14 years of work. First suggested by Jonah Robinson of the South Dakota State Historical Society, work began August 10, 1927. The memorial contains sculptures of the heads of Presidents George Washington, Thomas Jefferson, Abraham Lincoln and Theodore Roosevelt, sculpted into South Dakota’s Black Hills. The 60-foot-tall sculptures represent, respectively, the nation's founding, political philosophy, preservation, expansion and conservation. There were multiple dedications as each President’s likeness was completed. Sculptor Gutzon Borglum died in 1941 and his son, Lincoln, continued the project until funds ran out on this day. Since then, no additional carving has been done, nor is any further work (other than maintenance) on the memorial planned.  The entire project cost $989,992.32. Notable for a project of such size, none of some 440 workers died during the carving.
    1942 - The only pitcher in Major League history to hit a grand slam in a World Series game, Dave McNally, was born in Billings, MT. (Game 3, 1970, a 9–3 Orioles victory over the LA Dodgers).   He won more than 20 games for 4 consecutive seasons (1968 through 1971) and was one of four 20-game winners for the 1971 Orioles with Pat Dobson, Jim Palmer, and Mike Cuellar. He was the only pitcher other than Roger Clemens to win 12 decisions in a row 3 times, including 17 consecutive at one time. After winning the last 2 decisions of the 1968 season, he opened the 1969 season with a 15–0 record.  He is also known for his role in the historic 1975 Seitz decision which led to the downfall of major league baseball's reserve clause and ushered in the current era of free agency. McNally and Andy Messersmith were the only two players in 1975 playing on the one year reserve clause in effect at the time. Neither had signed a contract at the time but both were held with their team under the rule. The two challenged the rule and won their free agency, forever changing the economics of Major League Baseball.  McNally died in 2002.
    1943 - An F4U Corsair accomplishes the first successful radar-guided interception by a USN or USMC aircraft.
    1944 - Birthday of drummer Sherman Ferguson, Philadelphia, PA,,429902,00.html
    1945 - Booker T Washington, educator, inducted into the Hall of Fame for Great Americans
    1947 - Top Hits
Near You - The Francis Craig Orchestra (vocal: Bob Lamm)
I Wish I Didn't Love You So - Vaughn Monroe
I Wonder Who's Kissing Her Now - Perry Como
Smoke! Smoke! Smoke! (That Cigarette) - Tex Williams
    1950 - Earl Lloyd became the first black player in an NBA game when he took the floor for the Wash­ington Capitols in Rochester, NY. Lloyd was actually one of three blacks to become NBA players in the 1950 sea­son, the others being Nat (“Sweetwater”) Clifton, who was signed by the New York Knicks, and Chuck Cooper, who was drafted by the Boston Celtics (and debuted the night after Lloyd).
    1950 - Birthday of TV personality Jane Pauley, in Indianapolis. October 30 marked the anniversary of her first appearance as co-anchor on “The Today Show” in 1976.
    1951 – Football coach, currently at Alabama, Nick Saban, was born in Fairmont, WV.
    1952 - The first hydrogen bomb was detonated, designated as “Mike,” part of Operation Ivy. It was a tower shot with a burst of 20 feet at the Elugelab Atoll at the Eniwetok Proving Ground, Marshall Islands.
    1955 - Top Hits
Autumn Leaves - Roger Williams
Only You - The Platters
Sixteen Tons - Tennessee Ernie Ford
Love, Love, Love - Webb Pierce
    1963 - Top Hits
Sugar Shack - Jimmy Gilmer & The Fireballs
Be My Baby - The Ronettes
Deep Purple - Nino Tempo & April Stevens
Love's Gonna Live Here - Buck Owens
    1963 - An explosion at the Indiana State Fair Coliseum in Indianapolis kills 74 people and injures another 400 during an ice skating show. A faulty propane tank connection in a concession stand is blamed.
    1964 - The Supremes "Baby Love" was the number one single (for four weeks), while Barbra Streisand's "People" was #1 on U.S. album charts (for five weeks).
    1965 - Fort Lauderdale was deluged with 13.81 inches over a two day period, the second heavy rains in two weeks. More road and street damage occurred and some homes were flooded for the second time
    1966 - Bob McKendrick presented "Dance of Death" costume ball at California Hall. The Grateful Dead, Quicksilver Messenger Service and Mimi Fariñia entertained.
    1966 - Ken Kesey's “Acid Test Graduation”.
    1968 - President Lyndon Johnson, trying to get his Vice President  Hubert Humphrey elected to succeed him, orders an end to bombing of North Vietnam.  On November 5, Richard M. Nixon is elected President of the United Sates, defeating his Democratic opponent Vice Pres. Hubert H. Humphrey in a close race. Spiro T. Agnew of Maryland, was elected Vice President. The electoral vote was Nixon, 302; Humphrey, 1919; George C. Wallace, third-party candidate, 45. One Nixon elector later cast his vote for Wallace. The popular vote was Nixon, 31,785,480; Humphrey 31,275,166; Wallace, 9,906.473. There are those who say if Wallace had not run, Humphrey would have been elected President.
   1971 - Top Hits
Maggie Mae/Reason to Believe - Rod Stewart
Gypsies, Tramps & Thieves - Cher
Theme from Shaft - Isaac Hayes
How Can I Unlove You - Lynn Anderson
    1972 - Curtis Mayfield received a gold record for "Freddie's Dead" from the flick, "Superfly".
    1979 - Top Hits
Rise - Herb Alpert
Pop Muzik - M
Dim All the Lights - Donna Summer
All the Gold in California - Larry Gatlin & The Gatlin Brothers
    1984 - "Caribbean Queen" became a gold record for Billy Ocean. It was Ocean's second hit song and the only one of his 11 hits to become a million-seller. He would have two other #1 songs and a pair of #2 hits, but none as big as "Caribbean Queen (No More Love on the Run)". Billy's from Trinidad, you know. His real name: Leslie Sebastian Charles.
    1986 - For the first time, Universal Studios in Hollywood opened at night -- to give fans a scare. Halloween Horror Night included Dracula, the Mummy, King Kong, the Creature from the Black Lagoon, the Wolfman, and Rick Dees.
    1987 - Top Hits
Bad - Michael Jackson
Causing a Commotion - Madonna
I Think We're Alone Now - Tiffany
Right from the Start - Earl Thomas Conley
    1987 - Chris Antley became the first jockey to win nine races in a single day. He won four races in six tries at Aqueduct in the afternoon and five more in eight races at The Meadowlands at night.
    1987 - Running back Eric Dickerson signed a contract with the Indianapolis Colts to complete a complex three team NFL trade. The Colts got Dickerson from the Los Angeles Rams in exchange for one player and three draft choices. The Rams acquired an additional three draft picks and another player from the Buffalo Bills in exchange for the Colts' trading the right to linebacker Cornelius Bennett to the Bills. This started the tradition of making “deals” utilizing draft picks.
    1988 - Paul McCartney made musical history by becoming the first Western recording artist to release an album exclusively in the Soviet Union. Titled “CHOBA B CCCP” ("Back in the USSR"), it comprised the best tracks from his set of live one-take recordings taped the previous year.
    1991 - A severe winter storm dubbed the 'Great Halloween Mega Storm' struck the upper Midwest. Minnesota bore the brunt of the storm. Blizzard conditions occurred with wind gusts frequently to 40 to 50 mph. By the time the storm finally ended on November 2nd, Duluth received 37 inches of snow, Minneapolis 28 inches and International Falls 18 inches. For Duluth and Minneapolis, this set new all-time records for single storm totals. These two cities received nearly half their normal seasonal snows in this one storm. In Wisconsin, 35 inches of snow was reported at Superior and 30 inches at Iron River.
    1992 - Five American nuns in Liberia were shot to death near the capital Monrovia; the killings were blamed on rebels loyal to Charles Taylor.
    1993 - A cold wave set or tied 43 record lows. Corpus Christi, TX dropped to 28 degrees to set the October (and November) record. Brownsville dropped to a monthly record 35 degrees.
    1998 - Iraq announces it would no longer cooperate with UN weapons inspectors.
    1999 – Egypt Air Flight 990, en route to Cairo from New York, crashed off the coast of Nantucket Island, Massachusetts. All 217 people on board died. Some American investigators suspected a relief co-pilot deliberately put the plane into a suicide dive, causing the crash. It is the belief today that Osama Bin Laden got the idea to use airplanes as bombs from this event.
    2001 - For the first time since Philadelphia A's Mule Haas hit a game-tying two-run homer in Game 5 of the 1929 World Series, a team comes from behind to tie a Fall Classic game in the ninth and goes on to win in extra innings. The Yankees’ Tino Martinez sends the game into extra innings with a two-out homer off Diamondbacks' closer Byung-Hyun Kim and Derek Jeter, dubbed Mr. November, wins it after the stroke of midnight with a full count, two-out round tripper that gave giving the Bronx Bombers a 3-2 victory and knotted the Series at two games apiece.
     2002 - A federal grand jury indicts former Enron CFO Andrew Fastow on 78 counts of wire fraud, money laundering, conspiracy, and obstruction of justice related to the collapse of his ex-employer.  At the time of its Chapter XI filing, Enron was the world’s seventh-largest company.  As many of us in EF/L are accountants or accounting-related, read “A Conspiracy of Fools” by Kurt Eichenhwald, the WSJ reporter on this story.  It is amazing in its description of the outrageous schemes of these perpetrators, including President Jeff Skilling and CEO Ken Lay, who in his ignorance, left the leadership void that allowed Fastow and Skilling to sink the company.  The acquiescence of Arthur Andresen is epic.
     2005 - President George W. Bush nominated Judge Samuel Alito to the Supreme Court.
     2011 – The world’s population reached seven billion.



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