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Leasing News is a web site that posts information, news, and
entertainment for the commercial bank, finance and leasing industry

Friday, September 19, 2014

Today's Equipment Leasing Headlines

Steve Crane, CLP, Joins BSB Leasing
   as Commercial Division Manager
          Classified Ads---Credit
Illinois Voids Loan Because Lender Was Unlicensed
   By Tom McCurnin, Leasing News Legal Editor
         Leasing Industry Ads---Help Wanted
New Hires—Promotions in the Leasing Industry
    Leasing News "The List”
            August 2014
Commercial & Industrial loans at US Banks & Thrifts
      Remain Source of Lending Strength
Status of Community Banks Report Highlights
    by Howard Lothrop, Echo Partners
The Chart That Has VCs Ringing Alarm Bells
  About Startups Burning Too Much Cash
   Success Leasing Salesman Sentenced for $945,000 Fraud
Inc. Magazine Names Channel Partners Among Fastest
   Growing Private Companies for 2nd Consecutive Year
Enverto Investment Group Closes a $100mm Equipment
  Financing Credit Facility with Guggenheim Securities
The Drop/Starred Up
Godzilla/Elmer Gantry/The Great Train Robbery
  At the Theater/Amazon-Netflix by Fernando Croce
   Norwich Terrier/Mix
West Los Angeles, California  Adopt-a-Dog
United States and World Wide Leasing Conferences
   Note: ELFA Conference Deadlines Approaching
News Briefs---
Mortgage rates rise as Fed meets
 End of Era: Ellison Steps Asides as Oracle CEO
  Failed Bank’s Broken Vows Mean Little
   Leading Equipment Lessor Selects eOriginal
     for Digital Transaction Management
Air Lease urges Boeing, Airbus caution on raising jetliner output
 New York AG & San Francisco D.A. Commend Apple
  New iOS 8 Operating System Kill Switch by Default

Broker/Funder/Industry Lists | Features (writer's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months (Be Careful of Doing Business)
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Steve Crane, CLP, Joins BSB Leasing
as Commercial Division Manager

In a very brief retirement from Bank of the West as Vice President & Marketing, Manager Indirect Equipment Lease Origination, Steve Crane, CLP, said he could not pass up the opportunity to become Vice President and Manager of BSB's newly created Commercial Division, providing funding to brokers for financial statement transactions.

Don Myerson
President, BSB Leasing

"He will be focused on developing transactions for A, B and C credits, with an emphasis on the B and C segment," BSB Leasing President Don Myerson said. "We feel the creation of a Commercial Division underlines our commitment to being a leading company in the industry, and we’re fortunate to find someone of Steve’s caliber to lead this initiative.”

Steve was active in several leasing associations, and is looking forward to rejoining them. He spent 19 years with Bank of the West.  Prior, he held positions at Westinghouse Credit, Ingersoll Rand Financial, CIT, and Taylor Financial; he also was an independent third party originator. 

“I am excited to start a new challenge within BSB and look forward to expanding their already extensive product line," Steve Crane, CLP, said. "My experience with financial statement lending will complement their existing business and provide the broker marketplace a viable choice to place their larger equipment financing transactions.”

"Steve will be working with BSB’s existing brokers as well as developing new relationships to source commercial business," Don Myerson added. "He will also be tasked with developing relationships with additional lenders serving the commercial marketplace."

BSB Leasing has created a new web site, highlighting its two primary funding programs, BSB Direct and BSB Capital Access, leveraging their best funding sources, specialty lenders, along with their own lines of credit.


Classified Ads---Credit

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

Credit, syndication, workout experience
Exceptional work ethic, common sense coupled with practical experience in equipment finance, consumer, commercial. Can interact with all levels of borrowers and intermediaries. Not an originator – but can help sales team close – great up sell ability. Will relocate for the right opportunity AND can work

Orlando, Florida
As a Commercial Credit Analyst/Underwriter, I have evaluated transactions from sole proprietorships to listed companies, across a broad spectrum of industries, embracing a multitude of asset types. Sound understanding of balance sheet, income statement and cash flow dynamics which impact credit decisions. Strong appreciation for credit/asset risk.
407 430-3917

Free Posting for those seeking employment in Leasing:

All “free” categories “job wanted” ads:



Illinois Voids Loan Because Lender Was Unlicensed
By Tom McCurnin
Leasing News Legal Editor

Lender Failed to Procure Mortgage License, Therefore, Illinois Court of Appeas Voided Mortgage.  Case Underscores Necessity of Lenders and
Equipment Lessors Obtaining Proper Licenses

First Mortg. Co., LLC v. Dina 2014 IL App (2d) 130567, 11 N.E.3d 343 (Ill.App. 2014).

Today’s case is a bit of a disaster for those lenders (or brokers) that think they can write loans while being unlicensed.  The result may be that the lease or loan may be void and the result is that the borrower gets to keep the money, the creditor has no security interest, and the whole transaction is void.  The facts, such as they are, follow: 

First Mortgage Company of Idaho was not licensed in Illinois to make loans.  Nevertheless it loaned Daniel and Gratziela Dina $ 985,000 to purchase a home in North Barrington Illinois.  Although the opinion is unclear, it appears as though First Mortgage assigned the mortgage to First Mortgage Company, LLC.  The Dinas defaulted.  First Mortgage LLC filed a foreclosure complaint relating to the property. 

The Dinas raised the issue that First Mortgage Company of Idaho was not licensed to make mortgage loans at the time the loan was made.  Since First Mortgage was unlicensed, the court considered the consequences of a violation of the License Act, and agreed with the Dinas that the violation results in a void mortgage. 

The Court held that courts will not aid a plaintiff who bases his cause of action on an illegal act and the Court further held that it would not enforce a contract involving a party that is unlicensed where the legislation was enacted for the protection of the public. 

The obvious lesson for lenders and equipment lessors, and their brokers, is that one needs to procure the necessary licenses before going into business.

When did Noah build the Ark?  Before the rain. 

First Mortgage Case

Tom McCurnin is a partner at Barton, Klugman & Oetting
in Los Angeles, California.

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Visit our web site at
Previous Tom McCurnin Articles:

Previous Tom McCurnin Articles:




Leasing Industry Help Wanted


Collector, Atlanta, GA

Experienced, calling 11-90 day delinquent customers, assisting Asset Re-marketer with delinquency reporting, weekly reporting to home office.

Sales, Chicago, Atlanta

Work out of main office and satellite. Heavy phone sales calling on both independent dealers and end users (cold/warm calling), marketing, weekly reporting to management. Outside territorial salespeople will also be considered.

Contact: Michael Testa 312-881-3133
Financing for Commercial Truck & Trailer, Exotic, High Line, Vintage & Classic Automobiles, Taxi, Livery & Paratransit



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

Please see our Job Wanted section for possible new employment



New Hires—Promotions in the Leasing Industry


Bryan Byers was promoted to Vice President, Aircraft Financing, First Source Bank, South Bend, Indiana.  He joined the firm and his last position was Sales Officer in the Aircraft Division of the 1st Source Specialty Finance Group. Previously, he was Regional Service Manager, Cessna Finance Corporation (May, 1997 – January, 2001); Intern, United Express Airlines (May, 1996 – August, 1996). He is active in several industry associations, including the Citation Jet Owners and Pilots Association, Phenom Jet Pilots Association, TBM Owners and Pilots Association, Great Lakes Aviation Association, and the Canadian Business Aviation Association. Education: Indiana State University,
Aerospace Administration (1993 – 1997). Activities and Societies: Alpha Eta Rho, AAAE, Sigma Pi, Private Pilot.

Chris Cooling was promoted to Credit Underwriter at Agricredit Acceptance LLC, Des Moines, Iowa.  He joined the firm as Credit Analyst II, May, 2011.  Previously, he was in Sales, Crown Trophy (March 2011– May 2011); Finance Intern, Cedar Rapids Kernels (April 2010– February, 2011_. Education: University of Iowa - Henry B. Tippie College of Business, Bachelor of Business Administration (BBA), Finance and Management (2007 – 2011).

Mark Farlin was announced as Senior Vice President at HFG Healthcare Finance Group, Flowood, Mississippi; working out of San Diego, California "...covering healthcare providers in California and the southwest, including Texas and Oklahoma, and on medical device and other healthcare manufacturers throughout the western U.S. He joined the firm May, 2014.  Previously, he was Director-Sales & Corporate Accounts, Olympus (August, 2008 – May, 2014); Vice President- CitiCapital Healthcare & Energy Division, Citigroup (June, 2004 – August, 2008); Vice President-Senior Account & Business Development Manager, GE Healthcare Financial Services (March, 2003 – June, 2004); Vice President- Financial Services Account Manager, GE Healthcare Financial Services (October, 2001 – March, 2003); Western Region Sales Support Manager, GE Healthcare Financial Services (July, 2000 – October, 2001). Education: California State University-Fullerton, MBA, Management and International Business (2000 – 2001); University of Southern California, Marshall School of Business, BS, Marketing and Minor in Communications (1992 – 1997). Activities and Societies: USC Football Letterman. Manhattan High School (1988 – 1992).

Christian Hyek was hired as Senior Managing Director for Corporate Banking and Healthcare in TD Equipment Finance, Cherry Hill, N.J. He is relocating from Cincinnati, Ohio. "He is responsible for expanding equipment finance opportunities in the large corporate and healthcare commercial segments." Previously, he was Vice President, Team Leader, Affiliate Bank Group, Fifth Third Bank (June, 2003 - September, 2014); Vice President, National City Bank (January, 1999 – June, 2003); Account Executive, GE Capital (1996 – 1999). Education: Stonier Graduate School of Banking, University of Pennsylvania, GSB, Banking and Financial Support Services (2006 – 2008); Webster University, Master of Arts, Finance (1993 – 1996).
Mission Viejo High School. 

Charles Lietz was announced SVP, Director of Dealer Services Group at U.S. Bank, Portland, Oregon. "(He)...will lead and oversee all operations of the newly formed Dealer Services Group, which serves automobile, material handling and construction equipment dealers and distributors nationwide. The combined group will continue to provide dedicated products and resources to these important industry sectors including floor plan financing and the full range of banking and financial services."  He joined the bank November, 2005, and rose to SVP, Director of Operations & Technology, then April, 2014, SVP, Director of Dealer Services Group.  Prior, he was Business Office Director, Precision Interconnect, Tyco International (February, 1999 – November, 2005). Education: Washington State University, MBA, Business Administration (2004 – 2006). University of Portland,
MS, Accounting (1987 – 1990).

Paul Newman was hired as Senior Finance Officer, Fleet Financing Resources, LLC, Riverside, California.  He formerly was Commercial Sales Manager, A2Z Bus Sales. "In his new role, Newman will work to develop leasing and financing opportunities to commercial operators, manufacturers, and dealers of all types of buses, livery-related transportation equipment and specialized vocational vehicles. In 2013, Newman was awarded the President’s Club honor and was on track to exceed both sales and profit goals for the year.  Paul also serves on the advisory board for the local Salvation Army.  He is married with a daughter and three sons and coaches youth basketball."

Andy Phelps hired as Senior Vice President of Business Development for Healthcare Finance Group, Flowood, Mississippi; "...located in Charlotte, NC and is responsible for managing the business development effort in the Southeast. He is focused on originating transactions directly from healthcare companies and through intermediaries. Phelps has over 20 years’ experience managing, underwriting, structuring and originating a wide variety of corporate senior debt transactions, with a specific focus in healthcare and extensive experience in the southeast. He joins HFG from PNC Bank where he was a Vice President and Senior Relationship Manager in Healthcare Corporate Banking. Previously, Phelps worked at Fifth Third Bank and Wells Fargo (Wachovia).

Adam Schoebel hired as Vice President, Business Development, Nations Equipment Finance, Norwalk, Connecticut; "...responsible for Nation’s lease and loan origination activities in California, Washington and Oregon."  Previously, he was Senior Account Executive, Harbor Capital Group (January, 2014 – September, 2014); Regional Account Manager, First National Capital Corporation (January, 2013 – January, 2014); Manager - Equipment Finance, Partners Capital Group (January, 2009 – January, 2013); Education: University of Wisconsin, Oshkosh, Marketing. Fox Valley Technical College, Associate of Arts and Sciences (AAS), Marketing (2006 – 2008).

Vanessa Siringi was hired as Account Manager at Vyrian, Inc.,
Houston, Texas.  Previously, she was Sales Representative,
Ascentium Capital (March, 2013 – September, 2014); Retail Assistant Manager, AA Concepts (August, 2011 – February, 2013). Education:
University of Houston, Bachelor of Arts (B.A.), Communications (Public Relations) (2007 – 2011). Huntsville High School (2002 – 2006).

Anthony Zambon was hired as Sales Manager, Canada at Wells Fargo EF Canada, Toronto, Ontario, Canada. Prior, he joined PayNet, September, 2009, as Strategic Sales Director, Canada, PayNet, and was promoted January, 2012, to Director, Market Development, PayNet. Previously, he was Principal Zambon Consulting Services Inc., (2008–September, 2009); VP Operations and CSO (Chief Sales Officer), CIT (1998–2007); National Sales Manager, Vendor Finance, GE Capital (1993–1998). Languages: English, French. Organizations: The Risk Management Association (RMA), Canadian Finance and Lease Association (CFLA). Education: Concordia University, Bachelors




Leasing News "The List”
August, 2014

--- Mergers, Acquisitions & Changes
"The Good, the Bad and the Ugly"-

Navitas Lease Corp. dba Navitas Leasing, Ponte Verde Beach, FL. (RLC Leasing Division, Columbia, South Carolina) (08/14) Reaches Three Year Growth 1,124%; Makes Inc. 500

Balboa Capital, Irvine, California (08/14) Settles $36,454 Attorney Fee Complaint After Getting Suit Dismissed Against Regents Capital.

Ascentium Capital, Kingwood, Texas (08/14) Surpasses $2 Billion Credit Application Milestone since its inception, August 10, 2011.

CapitalRelay, Overland Park, Kansas (08/14) Expands “On Line Third Party Origination, reports: “Current Network Broker Group" to 707,”118 "Current Network Lenders"

Marlin Leasing, Mount Laurel, New Jersey (08/14) Marlin’s lease volume was down at $88,928 for second quarter of 2014, compared to second quarter of $91,448 in 2013 (dollars in thousands.) The number of leases were also down: 6,423 in 2014 compared to 6,931 in 2013.


Alphabetical Order

Chronological Order



Commercial & Industrial loans at US Banks & Thrifts
Remain Source of Lending Strength

SNL Financial Report
By Kevin Dobbs and Robin Majumdar

The U.S. banking industry continues to benefit from gains in commercial-and-industrial lending.

For commercial and savings banks, C&I lending in the second quarter rose to $1.66 trillion in the aggregate from $1.52 trillion in the second quarter of 2013, an SNL analysis shows.

Twenty-three of 25 major lenders that file Y-9C forms with regulators produced year-over-year increases in C&I loan balances.

"The industry has been benefiting for some time from C&I," Matthew Schultheis, an analyst at Boenning & Scattergood Inc., told SNL.

Indeed, second-quarter C&I lending has grown from a year earlier in each of the past four years.

Among major lenders, commentary in the wake of second-quarter earnings reports has been mostly positive on C&I lending, though most bankers have been careful to note they are typically producing only low single-digit growth from quarter to quarter, and most signaled they expect more of the same — continued modest advancements.

"Generally, the phone is ringing a bit more — generally better pipelines," JPMorgan Chase & Co. CFO Marianne Lake, speaking at a conference this month, said. But, she added, "it's still very fragile, and the reasons that have been leading to limited loan growth over the last several quarters are still there," notably including "very cautious sentiment" among commercial customers when it comes to the economic outlook.

The economy, while growing and adding jobs over the course of the past year, has proven bumpy. GDP, for example, advanced more than 4% in the second quarter, according to a late-August estimate from the U.S. Department of Commerce. But that followed a poor first quarter in which the economy contracted in part because of harsh winter weather early in the period. Job growth levels, too, have varied. After average monthly growth of 226,000 jobs during the first seven months of 2014, employers added only 142,000 jobs in August, according to the U.S. Department of Labor. It marked the smallest increase of the year.

"The economic recovery remains uneven by industry, by geography, by household type," Wells Fargo & Co. CFO John Shrewsberry said while speaking at a conference this month. That, he said, has bred caution and helped keep industry loan growth modest overall.

Schultheis agreed. He said C&I growth — and lending generally — "has been a little lumpy." He said that, in a given quarter, it may be strong in one part of the country while slow in another, then shift by geography the following quarter. This has generally followed the uneven recovery of the economy.

He also said the fierce competition for creditworthy customers, still in short supply relative to the number of banks pursuing loan growth, adds to the choppiness.

"The competition is brutal," Schultheis said. "Everybody I talk to, they are shaking their heads" at the level of pricing pressure on loans. For many banks, that pressure, when it heats to an irrational level, forces them to pull out of loan deal negotiations, minimizing their C&I growth, he said.

Raymond James analyst Daniel Cardenas painted a similar picture. "It's extremely competitive," he said.

He said community banks are increasingly trying to beef up C&I lending, adding to a competitive arena in which bankers are aggressively pursuing loan customers but primarily only customers with strong credit histories. Following the last financial crisis and recession, few are willing to go after customers that pose any significant risk, he added, leaving lenders to vie for business within a small pool of potential clients in many markets.

Sound credit quality data supports this thinking. The aggregate percentage of noncurrent C&I loans to total C&I loans peaked in the third quarter of 2009, and since then has consistently fallen, dipping to about 0.58% in the second quarter of 2014.

Cardenas, too, said C&I demand appears to move up and down with economic activity that has ebbed and flowed in many parts of the country. "Depending on who you are speaking with and when you are speaking, the commentary on [C&I] will vary," he said.



Status of Community Banks Report Highlights
by Howard Lothrop, Echo Partners

Doreen Eberley, Director of the FDIC Division of Risk Management Supervision, testified on the status of community banks to the Senate Committee on Banking, Housing and Urban Affairs. 

Here are a few highlights on the importance of community banks:

  • While accounting for only 14% of industry assets, community banks account for 45% of all small loans to businesses and farms.
  • Almost 20% of all U.S. counties would have no physical banking presence at all if not for community banks.

And a few updates (most obvious to us) about community bank financial performance:

  • Net interest income has been squeezed.
  • Regulatory expenses have increased.
  • Traditional community banks (relationship lending funded by stable core deposits) performed well during the banking crisis
  • Fast growth, risky assets and volatile funding were associated with higher rates of failure.

Current financial performance illustrates these points:

  • Community bank loan balances grew 7.6% in the past year, outpacing the 4.9% industry growth.
  • Over 75% of increase in small loans to business was driven by C&I and nonfarm, nonresidential RE loans.
  • Community bank NIM was 3.61%, 46bps above the industry average.
  • Noninterest income and noninterest expense were both down at community banks.
  • Community bank profitability increased 3.5%, less than the industry overall 5.3% growth.
  • Over half (57.5%) of community banks reported higher earnings than a year ago
  • Community banks experiencing losses fell to 7.0% from 8.4% of all community banks

Full Director Doreen Eberley Report (19 pages)



The Chart That Has VCs Ringing Alarm Bells
About Startups Burning Too Much Cash
By Dave Smith, Business Insider

Over the last few days, two prominent venture capitalists have stepped forward to express their concerns about startups burning through so much cash, as they did back in 1999, which was right before the famous "dot-com bubble" burst.

Based on data from PricewaterhouseCoopers charted for us by Business Insider Intelligence, VC investments in seed stage, early stage, and expansion stage companies rose about 55% quarter-over-quarter in this year's second quarter, which is the biggest quarter-over-quarter growth since the fourth quarter of 1999, when investments grew 66% over the prior quarter (and 298% over the same period the year prior). VC funding in the second quarter was also a 124% jump from the same period a year ago.

Numbers like these are likely creeping into VCs minds who are worried about startups burning too much money.


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

Success Leasing Salesman Sentenced for $945,200 Fraud

SPRINGFIELD, Mo. - Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that a Battlefield, Missouri, man has been sentenced in federal court for embezzling $945,200 from his employer.

Travis E. Honaker, 36, of Battlefield, was sentenced by U.S. Chief District Judge Greg Kays on Tuesday, Sept. 16, 2014, to three years and one month in federal prison without parole. The court also ordered Honaker to pay $945,200 in restitution.

On March 18, 2014, Honaker pleaded guilty to wire fraud and money laundering. Honaker admitted that he engaged in a scheme to defraud his employer, Prime, Inc., from Aug. 22, 2007, to December 2011. Through his schemes, Honaker embezzled at least $945,200 over the five-year period of the investigation. The illegally obtained funds were used for Honaker’s personal living expenses and paid for such items as a 2005 BMW SUV, a 2009 Range Rover SUV, a down payment and subsequent mortgage payments on a residence in Battlefield and his wife’s extensive gambling expenses.

Honaker was employed as a salesperson at Success Leasing, Inc., an affiliated company of Prime. Honaker sold used equipment, including auxiliary power units (APUs) and used trucks that had previously been leased by Success to others. After the lease period expired and the trucks and equipment were returned to the company, Honaker was tasked with managing their sale to others.

In December 2011, Prime became aware that Honaker was engaged in illegal activity when they discovered that he was not reporting cash payments for APUs that he sold for Prime. A further audit of Honaker’s activities at Prime revealed that he was also receiving payments for unauthorized “finder’s fees,” “inspection fees,” or “deposits” on trucks owned by Prime that he sold. Honaker charged several of Prime’s largest clients a fee for “finding,” “inspecting,” or “holding” trucks for them. These payments, which Honaker never reported to his employer, typically amounted to $500 or $1,000 per truck, depending on the age or condition of each truck.

Honaker created a shell company, T&H Consulting, LLC, in January 2011 for the purpose of receiving these finder’s fees and deposits. Purchasers wired funds to this account, then Honaker transferred the funds to his personal bank accounts. The creation of the T&H account served to mask the nature of the transactions by creating a layer between Honaker and the purchasers.

This case was prosecuted by Assistant U.S. Attorney Gary Milligan. It was investigated by the U.S. Secret Service, IRS-Criminal Investigation and the Springfield, Mo., Police Department. 

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

((Please Click on Bulletin Board to learn more information))
(Leasing News provides this ad “gratis” as a mean
to help support the growth of Lease Police)



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

Inc. Magazine Names Channel Partners Among Fastest
Growing Private Companies in America for 2nd Consecutive Year

Maple Grove, MN -– For the 2nd consecutive year, Inc. Magazine ranks Channel Partners among the fastest growing companies in America.  After being honored as an Inc. 500 member in 2013, Channel Partners placed in the top 750 growth companies in 2014, joining companies such as Zappos, Microsoft, Oracle, Under Armour, and Lending Club.

Since 2009, Channel Partners has provided working capital loans to over 2,600 small businesses.

Brad Peterson
Managing Member
Channel Partners

 “It is an honor to receive this recognition both of the years we’ve been eligible,” said Brad Peterson, Managing Member of Channel Partners. “Channel Partners continues to receive great support from leasing companies across the U.S., allowing our model of providing working capital loans to small and mid-sized businesses to work.”

The Inc. 500|5000, produced annually by Inc. Magazine, uses revenues and other growth metrics over a 3 year period to calculate the 5000 companies nationwide showing the most rapid growth. Channel Partners joins a very select group of businesses in being honored 2 years in a row, ranking as 203rd fastest growing company since 2009.



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

Enverto Investment Group Closes a $100mm Equipment
Financing Credit Facility with Guggenheim Securities

Announces release of IMCA Express Tool

LOS ANGELES,  -- Enverto ("to change, alter") Investment Group, an equipment financing company that connects small business owners with investors, announced today that it closed a $100mm credit facility with Guggenheim Securities. The transaction reflects investors' confidence in Enverto's team, strategy and innovative, technology-driven business-equipment funding model.

Charles Anderson
CEO, Enverto Investment Group
CEO, IMCA Capital, LLC

"The partnership with Guggenheim confirms our commitment to leverage technology to solve the equipment financing needs of small business owners" said Charles Anderson, CEO. "The capital raised will enable accelerated expansion into the small and medium ticket equipment leasing space, including partnerships with vendors covering a broad spectrum of the market."

Guggenheim Securities, LLC is a diversified financial services firm with more than $200 billion in assets under management. Guggenheim has extensive experience in the equipment leasing sector and in 2013 served as sole, lead, or co-lead manager on 48.54% of all new issue EQ ABS deals issued by independent equipment leasing companies.

Special thanks to Matthew Perkins (Senior Managing Director and Head of ABS and RMBS Banking at Guggenheim Securities) and his team for arranging the transaction.

In conjunction with the Guggenheim closing, and 2+ years of development, Enverto is excited to release its new lending tool IMCA Express.

Wesley Lones
Chief Revenue Officer
Enverto Investment Group
Partner, IMCA Capital, LLC

"IMCA Express is achieving in 3 minutes what has traditionally taken the industry a week or more to complete. We expect this to be a major windfall for the equipment vendor community, as well as other companies and individuals using our technology" said Wesley Lones, Chief Revenue Officer.

IMCA Express tool enables equipment vendors and lessees to do the following online within 3 minutes:
•Complete the application process
•Obtain an immediate approval
•Choose their own payment, term, and buyout
•Issue leasing documents
•Execute the documents electronically
•Enter our funding queue

Blake Johnson
Chairman & Founder
Enverto Investment Group
Prime Marketing
IMCA Capital

"IMCA Express is a vision which has been in our development pipeline for over 2 years. We are excited to leverage our partnership with Guggenheim to bring this powerful tool to market, with a singular focus of simplifying and expediting the lending process for vendors and business owners alike" said Blake Johnson, Chairman.

About Enverto Investment Group:
Enverto Investment Group is an equipment finance company based out of Los Angeles that provides businesses with fast and easy access to common sense capital.

For more information regarding Enverto, please visit

For more information regarding IMCA Express, please visit



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


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)


Fernando's View
By Fernando F. Croce

A double-bill of taut drama ("The Drop," "Starred Up") comes to theaters, while DVD releases offer blockbuster action ("Godzilla") and a pair of powerhouse older rediscoveries ("Elmer Gantry," "The Great Train Robbery").

In Theaters:

The Drop (Fox Searchlight Pictures): Tom Hardy continues his string of powerful performances in this gritty crime drama, set in Brooklyn. Hardy plays Bob Saginowski, a lonesome bartender whose establishment doubles as the place for local gangsters to drop off shady money. The operation goes from stable to unpredictable, however, when a botched robbery points the authorities to Bob, who suddenly becomes a problem to his family, particularly his crooked cousin Marv (the late James Gandolfini, in his final performance). As he struggles with underworld connections and a blooming romance with Nadia (Noomi Rapace), he comes face to face with a life-or-death decision. Assuredly directed by Michael Roskam with a screenplay from acclaimed author Dennis Lehane ("Mystic River"), this is a solid morality play told with tension and welcome bits of humor.

Starred Up (Tribeca Films): A brutal prison tale doubles as an affecting family portrait in this explosive drama from British director David Mackenzie. The story kicks off as Eric Love (Jack O'Connell), a teenager with a very violent fuse, is transferred to an adult prison where he quickly finds that only the strong survive. While adapting himself to the ugly environment, he realizes that his own father Neville (Ben Mendelsohn) is doing time among the inmates. If they are going to stay alive, however, the two men will have to deal with their equally volatile tempers as well as with their trouble past together. Mackenzie handles violence with sharp skill, though it's the unexpectedly emotional moments (and the two excellent performances at the center) that make this film such a gripping experience. One of the year's best.

Netflix Tip: "Starred Up" director David Mackenzie has had a brief but intriguing career, so before checking out his latest film visit his powerful earlier efforts. These provocative titles include "Young Adam" (2003), "Asylum" (2005) and "Spread" (2009).


Godzilla (Warner Bros.): The screen’s most beloved, city-stomping gargantuan reptile, Godzilla returns in this terrifically crafted blockbuster update. Beginning in 1999 with a prologue that establishes the monster’s radioactive origins, the story quickly jumps to present day, when obsessive scientist Joe Brody (Bryan Cranston) and his estranged son Ford (Aaron Taylor-Johnson) are reunited as Japanese authorities accidentally release a slew of creatures onto the world. The race to save the planet takes the characters to San Francisco, where Ford’s wife (Elizabeth Olsen) awaits and the mythical Godzilla finally makes his much-awaited entrance. Though an outline suggests a standard mega-budget demolition derby, director Gareth Edwards (“Monsters”) keeps the spectacle grounded with a genuine gravity that the 1998 “Godzilla” never had. The result is a smash hit that both compels and thrills.

Elmer Gantry (Kino): Burt Lancaster won a deserved Best Actor Oscar for his electrifying portrayal of the titular character in this powerful 1960 classic. Lancaster's Elmer Gantry is a shady traveling salesman infuses uses his charisma with Biblical fervor in order to con people out of money. As he wanders through the American South, he meets and is immediately drawn to Sister Sharon Falconer (Jean Simmons), a revivalist whose honest, beatific demeaner is everything the fraudulent Gantry is not. As he becomes a specialist in fiery sermons at Sister Sharon's congregations, could his attraction to her lead to his redemption? Directed by veteran Richard Brooks ("The Blackboard Jungle," "Cat on a Hot Tin Roof") from a Sinclair Lewis, this is a rousing drama with a cast that also includes Arthur Kennedy, Dean Jagger and, in an Oscar-winning role, Shirley Jones.

The Great Train Robbery (Kino): Sean Connery and Donald Sutherland team up in this comedy-adventure from 1978, directed by popular author Michael Crichton ("Jurassic Park"). Set in England during the mid-1800s, the brisk plot follows a daring plan from Edward Pierce (Connery), a suave thief determined to do what's never been done before: robbing a shipment of gold from a moving train. With the help of his pick-pocketing old friend Agar (Sutherland), he sets out to bring the caper to life through a wide array of minute preparations which, it goes without saying, go awry as reality sets in. Combining action with a comedic touch and featuring a sly derring-do performance by Connery that recalls the best of James Bond, the movie is a crowd-pleaser that deserves be better known.


Norwich Terrier/Mix
West Los Angeles, California  Adopt-a-Dog

Animal ID: 23871470
Breed: Terrier, Norwich/Mix
Age: 10 months 28 days
Sex: Female
Size: Small
Color: Tan
Declawed: No
Housetrained: Unknown       

Site: NKLA Pet Adoption Center
1845 Pontius Avenue
West Los Angeles, California
Phone: 424-208-8840

(Just off Santa Monica Boulevard and the 405 Freeway,
 minutes from Century City Mall)

On Line Contact Form:

Adopt a Pet



United States and World Wide Leasing Conferences
Note: ELFA Conference Deadlines Approaching


October 9 -10
Eurostars Grand Marina
Barcelona, Spain

Booking of rooms at the Grand Marina is to be done by filling in a Hotel Reservation Form, which can be downloaded from the Annual Convention website at:

Last year's event was a resounding success with more than 500 participants from across Europe as well from Australia, Canada, China, Morocco, South Korea and the USA.

Registration/Further Information:

October 19-21
2014 53rd Annual Convention
Manchester Grand Hyatt
San Diego, CA

Video Preview of ELFA Annual Convention
ELFA President and CEO Woody Sutton

  • Friday, September 26, 2014: Last day to receive the special ELFA convention rate for your accommodations at the Manchester Grand Hyatt or the San Diego Marriott Marquis & Marina.
  • Tuesday, October 7, 2014: Last day for mail-in and online registrations. After this date registrations can be made on-site. Please note: There are no refunds of registration fees after this date.

Full Information: Speakers, Brochure, Registration:



Cosmopolitan, Las Vegas, Nevada

 It will bring together critical decision makers concerning credit and collections
from all facets of financial services.




November 5, 2014
Latin American Leasing &
Operation Forum
The Alta Group
Intercontinental Hotel Doral
Miami, Florida

Wednesday November 5th the Latin American Legal and Operations Forum will give participants access to the latest advances in the legal and operational practices in the industry. It will be an excellent opportunity to learn about the laws and regulations of leasing in different countries of the Americas.

The event will be simultaneously translated in English and Spanish.


November 5-7
34th Annual AGLF Fall Conference
Tucson, Arizona

Hotel Information

November 7-8
2014 Western Regional Meeting
Hyatt Regency Irvine
Irvine, CA

Registration Now Open


November 7, 2014
XII Latin American Leasing Conference
The Alta Group
Intercontinental Hotel Doral
Miami, Florida

Thursday 6th to Friday 7th the XII Latin American Leasing Conference will be held.  This will provide participants insights regarding developments in the professional practice of the leading rental companies in the Americas.  The conference will also showcase best practices leasing companies and finance teams are now utilizing in strategic planning and implementation of funding strategies as well as risk and asset management.

The event will be simultaneously translated in English and Spanish.



November 11-13

The 2014 Middle East Leasing Summit to be held November 11-13 at the JW Marriott Marquis Hotel Dubai is reported to be strongly supported by leading leasing companies and international leasing association. 

This summit will gather regional government officials, vendor representatives, national organizations and industry leaders to interpret the air finance from the aspect of market situation, regulatory, growth point and second hand aircraft to better understand Middle East air finance market.

The conference promises "Deep insight into Middle East leasing market climate with introduction of Islamic Finance’s application and banks’ involvement. There is no doubt that this summit will provide a premier platform for its delegates to establish strategic cooperative partnerships, expand business. We firmly believe that your outstanding industrial background and broad knowledge would contribute significantly to the quality and scope of this

For more information, please visit the official website at

November 12 - 14
Commercial Finance Association
70th Annual Convention
Washington Marriott Wardman Park
Washington, D.C.


November 16 -17
NJ Expo Regional
Teaneck, New Jersey
(Sunday evening- All Day Monday)


November 18 - 21, 2014
Istanbul, Turkey
The Third Annual Operating Lease Conference

"Three prominent and qualified speakers have been added to the agenda.
They are: Stephan van Beek, Senior Director Sales & Marketing Development - EMEA, Oracle Financing, an expert on software leasing; Arnaldo Rodriguez, President – International Division, CSI Leasing, who is the epitome of having successfully globalized the product; and, Esteban Gaviria, CEO, Leasing Bancolombia, who leads the most successful bank-held operating leasing company in Latin America. I will chair the conference and also teach a two-day seminar preceding the conference."
          Sudhir Amembal

For More Information:

CFA Related Conferences

CFA Network Calendar

ELFA ---2014 Schedule of Conferences, Workshops
and e-Learning Opportunities





News Briefs----

Mortgage rates rise as Fed meets

End of Era: Ellison Steps Asides as Oracle CEO

Failed Bank’s Broken Vows Mean Little

Leading Equipment Lessor Selects eOriginal for Digital Transaction Management

Air Lease urges Boeing, Airbus caution on raising jetliner output

New York AG & San Francisco D.A. Commend Apple
 New iOS 8 Operating System Kill Switch by Default





--You May Have Missed It

Leases of Goods that Become Installed in, Affixed to
 --Uniform Commercial Code explained 


SparkPeople--Live Healthier and Longer

Lunch Strategies for Work
The Best Choices When You Don't Have Time to Pack


Baseball Poem

Love of the Game

by David Michael Chambers


Crack of the bat
Love of the game
This is a picture
That needs no frame

From the pitcher's stance
High atop of the mound
To the cheer of the crowd
What a terrific sound

The ball flies high
Up into the air
When it comes down
Will it be fowl or fair?

The outfielder runs hard
Attempting to catch the ball
But into foul territory
Alas does it fall

Once again
The pitcher comes set
Letting go with a fastball
His fastest yet

The batter then swings
With all his mustered might
Hoping to hit the ball
Clean out of sight

Clearing that outfield fence
Is what he longs to see!
Trotting around the bags
Crossing that plate with glee

A pop the batter does hear
As the ball shoots into the glove like a spike
Followed by the umpire's ringing up
The batter's third and final strike

On his way to the dugout
Smiling without shame
With a heart that's full of love
For this Baseball game




Sports Briefs----

Chris Christie defends NFL commissioner Goodell

The Microsoft Engine That Nailed the World Cup Is Predicting Every NFL Game — Here Are Its Picks for Week 3


California Nuts Briefs---

Sacramento Republic FC releases plans for soccer stadium

Landscape experts say Caltrans water-saving projects could harm trees

UC regents approve new chancellor, raises for four others

High-energy Trombone Shorty to play Russian River Jazz and Blues Festival


“Gimme that Wine”

Harvest hits the halfway point in Sonoma County (w/video)

Washington winemakers deep in grapes with harvest in full swing

A Wine Region Flourishes in Central Washington

Meet the Billionaire Combatting Wine Fraud

Winery Fined $115K Ove Volunteers to Close

Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

Winery Atlas\

Leasing News Wine & Spirits Page


This Day in History

      1676 - Bacon's Rebellion, Jamestown, Virginia. Perhaps the first revolt against the British, who formed an alliance with the Indians. Led by Nathaniel Bacon, a colonist, he was successful, but shortly after winning the town, he caught a disease and died (common in the day, unfortunately).  The rebellion then collapsed and his followers were hunted down, some executed and then property confiscated. Virginia Governor Sir William Berkeley was replaced the next year and peace was restored, so says history. (Full story at the end for those interested).
    1692 – Giles Corey is pressed to death after refusing to plead in the Salem witch trials.
    1737 - Charles Carroll (d.1832), American patriot and legislator, was born. He was the only Roman Catholic signer of the Declaration and his signature read Charles Carroll of Carrollton. He lived in Maryland where, as a Roman Catholic, he was forbidden from voting and holding public office. However, the wealthy Carrolls moved in the highest social circle and entertained George Washington and the Marquis de Lafayette at their estate.
    1777 - Battle of Saratoga, New York. After a series of defeats, American General Horatio Gates has a major victory.
    1849 - First commercial laundry on the West Coast established in Oakland, California. The actual world's first commercial laundry was founded by a Mrs. Steel in New York in the early 1800s, and followed by others: The Troy (New York) Laundry -first of many Troy laundries nationwide; The Cambridge (Massachusetts) Laundry in 1840; the Boston and Roxbury Laundry in 1847; and the Contra Costa Laundry (Oakland, California) in 1849, eventually one of the largest in the west.
    1863 – The second day of the Battle of Chickamauga, TN, near Chattanooga.  They are considered the two bloodiest days of the Civil War.
    1864 - Third Battle of Winchester, Virginia: Union General Phillip Sheridan defeated Confederate General Jubal Early's forces, ending Early's raids on the North. Early's troops were again soundly beaten on September 22 at Fisher's Hill. After defeating Early, Sheridan turned his attention to destroy the food resources of the Shenandoah Valley. The strategy of the North was to cut off supplies from Europe, purchased by the Confederates, and to burn and destroy all food and manufacturing facilities thus cutting off all ammunition, clothing, food and other supplies that supported the Confederate troops. The movie "Gone with the Wind" centers on Sheridan's march through the south. A trivia fact: General George S. Patton's grandfather, who was his namesake, was killed fighting for the Confederacy in this battle.
    1865 - Atlanta University Founded. On July 1, 1988, two private historically black institutions, Atlanta University and Clark College, consolidated to form Clark Atlanta University (CAU). CAU is a comprehensive, private, urban, coeducational institution of higher education with a predominantly African American heritage.
    1873 - Black Friday: Jay Cooke & Co fails, causing a securities panic
(It is said that JP Morgan pulled the country out from bankruptcy by guaranteeing loans from European banks, but I am getting ahead of this terrible day in history as perhaps the worst depression the country has ever seen followed this collapse of the stock market. ).

    1876 - Melville Reuben Bissell of Grand Rapids, MI, obtained a patent for a “carpet sweeper.” Although the idea had been introduced earlier, none of the early sweepers worked well. Bissell devised the” broom-action” principle, by which the application of variable pressure on the handle made the sweeper responsive to different grades of floor covering. Bissell organized the Bissell Carpet Sweeper Company in Grand Rapids, MI.
    1876 - Birthday of Vera Charlotte Scott Cushman, U.S. YWCA leader who served on the board of directors 31 years. She was an amazing fund raiser under whose co-direction about $170 million was raised to finance 140 "hostess houses" to house and feed women who were involved in World War I war work. Lodgings for women without a male escort were hard to find as well as dangerous before the modern women's movement.
    1881 - Eighty days after a failed office seeker shot him in Washington, D.C., President James A. Garfield dies of complications from his wounds.  On July 2, 1881, only four months into his administration, President Garfield was shot as he walked through a railroad waiting room in Washington. His assailant, Charles J. Guiteau, was a disgruntled and possibly insane man who had unsuccessfully sought an appointment to the U.S. consul in Paris.  While Garfield was attempting to get well, Vice President Chester A. Arthur generally served as acting president, but there was confusion over whether he had the authority to do so, as the Constitution was ambiguous on the matter of presidential succession. On September 19, President Garfield died of blood poisoning. The following day, Arthur was inaugurated as the 21st President of the United States.
    1911 - Trumpet player Lu Watters birthday at Santa Cruz, Ca. ( I have a collection of his first recorded music on shellac, then later with Turk Murphy)
    1916 - Birthday of jazz singer Helen Ward
    1918 - Birthday of piano player Professor Longhair, Bogalusa, LA
    1921 – Birthday of singer, musician Billy Ward at Savannah, Ga.  He is best known as Billy Ward and the Dominoes or perhaps just, “the Dominoes,” an early rock ‘n’ roll group.  Early Dominoes included Jackie Wilson and Clyde McPhatter.  Their big hit, “Sixty Minute Man” hit #1 on the R&B charts in May, 1951 and stayed there for 14 weeks.  It has arguably been considered among the first true rock ‘n’ roll hits.
full bio:
    1926 - Birthday of Brooklyn Dodger Hall of Famer centerfielder Edwin Donald “Duke” Snider, Los Angeles, CA.
    1928 - Mickey Mouse's screen debut as Steamboat Willie at Colony Theater, NYC.  In 1928, Disney created the character Mickey Mouse in the silent film “Plane Crazy”. That same year, Mickey also appeared in “Steamboat Willie”, a short that initiated the concept of making a separate cartoon for each animated movement. Instantly famous, the film was also Disney's first attempt to use sound using his own voice for Mickey. He also experimented with the use of music (“The Skeleton Dance”), the portrayal of speed (“The Tortoise and the Hare”), three-dimensional effects (“The Old Mill”), and the use of color. Disney produced the first feature-length cartoon, Snow White and the Seven Dwarfs” (1938), which took three years to complete. Additional features included Pinocchio (1939), Fantasia (1940), Dumbo (1941), and Bambi (1942). In Song of the South (1946), he merged live actors and animated figures. During World War II, Disney's studio produced cartoons for the armed services as training tools and morale builders.
    1928—Birthday of Adam West, actor, perhaps best known for the TV
series “Batman,” and “The Last Precinct,” born Walla Wall, Washington.
    1931- Birthday of singer Brook Benton, whose real name was Benjamin Franklin Peay, in Camden, South Carolina. Benton's baritone style showed the influences of Nat King Cole and Billy Eckstine. "It's Just a Matter of Time" and "So Many Ways," a double-sided million-seller in 1959, were the first of nearly a score of top-20 hits for him. Benton also recorded two popular 1960 duets with Dinah Washington, "Baby (You Got What It Takes)" and "A Rockin' Good Way." Benton's last big hit was "Rainy Night in Georgia," which reached number four on the Billboard Hot 100 in 1974. Benton died in 1988.
   1933—Birthday of David McCalllum, actor (“NCIS,” “The Man from U.N.C.L.E., “The Great Escape,” born Glasgow, Scotland.
   1940 - Birthday of Canadian folk singer Sylvia Tyson in Chatham, Ontario. She was still Sylvia Fricker when she started performing with future husband Ian Tyson in 1961. They married three years later. Ian and Sylvia were at the forefront of the '60s folk revival, and performed throughout North America at clubs, colleges and festivals. Ian and Sylvia's hits included "Four Strong Winds," "You Were On My Mind" and "Lovin' Sound." The couple made their last appearances together in 1975. Sylvia continued to perform and record on her own, and was the host for the CBC Radio folk music show "Touch the Earth."
    1934 - Bruno Hauptmann arrested for kidnapping the Lindbergh baby. Historians believe Lindbergh was covering for his sister, who was in and out of mental institutions and had a history of trying to harm her brother's child. It is said that many people were aware of this, and it one of the reasons his family moved to Europe, so authorities could not question his sister or family. It was proven through hard detective work that Hauptmann was the man who wrote the ransom and collected the money, but he maintained he was innocent of the kidnapping itself, which was based solely that he wrote a ransom note and collected the money.
    1941 - Birthday of African-American author James Haskins, Demopolis, AL.
    1941 – Birthday of "Mama" Cass Elliott, born Ellen Naomi Cohen, at Baltimore, MD.  American folk-pop singer with The Mamas & The Papas.  She died of a heart attack, July 29, 1974.
    1945 - Top Hits
“Till the End of Time” - Perry Como
“On the Atchison, Topeka and Santa Fe” - Johnny Mercer
“If I Loved You” - Perry Como
“You Two Timed Me One Time Too Often” - Tex Ritter
    1947 - The eye of a hurricane passed directly over New Orleans, and the barometric pressure dipped to 28.61 inches. The hurricane killed fifty-one persons, and caused 110 million dollars damage. It produced wind gusts to 155 mph while making landfall over Fort Lauderdale FL two days earlier.
    1949 - Birthday of drummer Lenny White, Jamaica, NY

    1949 - Ralph Kiner of the Pittsburgh Pirates hit his 50th home run of the season to become the first player in National League history to reach the 50 mark twice. After hitting 51 homers in 1947, Kiner finished the year with 54.
    1950---COLLIER, JOHN W.  Medal of Honor
Rank and organization: Corporal, U.S. Army, Company C, 27th Infantry Regiment. Place and date: Near Chindong-ni, Korea, 19 September 1950. Entered service at: Worthington, Ky. Born: 3 April 1929, Worthington, Ky. G.O. No.: 86, 2 August 1951. Citation: Cpl. Collier, Company C, distinguished himself by conspicuous gallantry and intrepidity above and beyond the call of duty in action. While engaged in an assault on a strategic ridge strongly defended by a fanatical enemy, the leading elements of his company encountered intense automatic weapons and grenade fire. Cpl. Collier and 3 comrades volunteered and moved forward to neutralize an enemy machine gun position which was hampering the company’s advance, but they were twice repulsed. On the third attempt, Cpl. Collier, despite heavy enemy fire and grenade barrages, moved to an exposed position ahead of his comrades, assaulted and destroyed the machine gun nest, killing at least 4 enemy soldiers. As he returned down the rocky, fire-swept hill and joined his squad, an enemy grenade landed in their midst. Shouting a warning to his comrades, he, selflessly and unhesitatingly, threw himself upon the grenade and smothered its explosion with his body. This intrepid action saved his comrades from death or injury. Cpl. Collier’s supreme, personal bravery, consummate gallantry, and noble self-sacrifice reflect untold glory upon himself and uphold the honored traditions of the military service.
    1950--JECELIN, WILLIAM R.  Medal of Honor
Rank and organization: Sergeant, U.S. Army, Company C, 35th Infantry Regiment, 25th Infantry Division. Place and date: Near Saga, Korea, 19 September 1950. Entered service at: Baltimore, Md. Birth: Baltimore, Md. G.O. No.: 24, 25 April 1951. Citation: Sgt. Jecelin, Company C, distinguished himself by conspicuous gallantry and Intrepidity above and beyond the call of duty in action against the enemy. His company was ordered to secure a prominent, saw-toothed ridge from a well-entrenched and heavily armed enemy. Unable to capture the objective in the first attempt, a frontal and flanking assault was launched. He led his platoon through heavy enemy fire and bursting shells, across rice fields and rocky terrain, in direct frontal attack on the ridge in order to draw fire away from the flanks. The unit advanced to the base of the cliff, where intense, accurate hostile fire stopped the attack. Realizing that an assault was the only solution, Sgt. Jecelin rose from his position firing his rifle and throwing grenades as he called on his men to follow him. Despite the intense enemy fire this attack carried to the crest of the ridge where the men were forced to take cover. Again he rallied his men and stormed the enemy strongpoint. With fixed bayonets they charged into the face of antitank fire and engaged the enemy in hand-to-hand combat. After clubbing and slashing this force into submission the platoon was forced to take cover from direct frontal fire of a self-propelled gun. Refusing to be stopped he leaped to his feet and through sheer personal courage and fierce determination led his men in a new attack. At this instant a well-camouflaged enemy soldier threw a grenade at the remaining members of the platoon. He immediately lunged and covered the grenade with his body, absorbing the full force of the explosion to save those around him. This incredible courage and willingness to sacrifice himself for his comrades so imbued them with fury that they completely eliminated the enemy force. Sgt. Jecelin’s heroic leadership and outstanding gallantry reflect the highest credit upon himself and uphold the esteemed traditions of the military service.
    1953 - Top Hits
You, You, You - The Ames Brothers
Vaya Con Dios - Les Paul & Mary Ford
Crying in the Chapel - June Valli
A Dear John Letter - Jean Shepard & Ferlin Husky
    1953 - Singer Gisele MacKenzie took over as host on NBC-TV's “Your Hit Parade”. Her biggest hit during that stint, 1953 to 1957, was “Hard to Get” in June of 1955. Ironically, the song was first sung by Gisele in an episode of the NBC-TV show, “Justice”. It became a hit and she performed it again on “Your Hit Parade”. Born Gisele Marie-Louise Marguerite LaFleche, she studied piano and violin at the Royal Conservatory in Toronto. For appearing on her own CBC radio show, ''Meet Gisele,'' she became known as Canada's first lady of song. Died September 5, 2003 of colon cancer.
    1954 - “People are Funny” premiered on television. This half-hour show combined audience participation and stunts. One feature was a Univac computer that played matchmaker for eligible men and women. Art Linkletter hosted the show until 1958; reruns were shown for the next few seasons. The show was revived for a short time in 1984; Flip Wilson was the host.
    1955 - Pat Boone gains everlasting notoriety when his cleaned-up version of Fats Domino's "Ain't That a Shame" goes to the top of the charts, kicking off a string of bland copies of rock and roll hits that will deprive black artists of exposure in the still-segregated world of radio. It was his first US #1 hit with a cover version of Fats Domino's "Ain't It A Shame", re-named "Ain't That A Shame". Boone would continue recording cleaned-up versions of R&B hits and would enjoy a string of five US chart toppers over the next two years.
    1955 - Errol Garner records “Concert by the Sea”, Carmel, CA.
    1955 - Stan Kenton Bank satirizes blues idiom with “Blues in Burlesque,” a two-sided record with drummer Shelly Mann doing one of his rare vocals. The record is quite a jazz collector's item.
    1955 - Eva Marie Saint, Frank Sinatra and Paul Newman starred in the Producer's Showcase presentation of “Our Town” on NBC-TV.
    1955 - Hurricane Ione made landfall near Morehead City, NC with winds over 100 mph. 16.63 inches of rain fell at Maysville, NC. 40 blocks of New Bern, NC were underwater at one point. 7 people lost their lives and total damage was $88 million. This was the third hurricane to cross eastern North Carolina in 5 weeks.
    1960 - "The Twist" by Chubby Checker topped the charts and stayed there for a week.
    1960 - Now at the peak of their popularity, Hank Ballard and the Midnighters become the first artists to have three songs in the Billboard Hot 100 at the same time: "Finger Poppin’ Time," "Let’s Go, Let’s Go, Let’s Go," and "The Twist" recently given more exposure by Chubby Checker's hit version.
    1961 - Top Hits
“Take Good Care of My Baby” - Bobby Vee
“My True Story” - The Jive Five
“(Marie's the Name) His Latest Flame” - Elvis Presley
“Walk on By” - Leroy Van Dyke
    1962 - “The Virginian” premiered on television. My father Lawrence Menkin wrote several episodes. It was TV's first 90-minute western and starred James Drury as The Virginian, a foreman trying to come to terms with the westward expansion of technology and civilization. It was set on the Shiloh Ranch, in Wyoming. Key players included Doug McClure (with Drury, the only cast members to stay for the entire run), Lee J. Cobb, Roberta Shore, Pippa Scott, Gary Clarke, David Hartman and Tim Matheson.  In the last season, the title was changed to “{The Men from Shiloh,’ and Stewart Granger and Lee Majors joined the cast.
    1964 – “A Summer Song" by the British duo of Chad and Jeremy enters the Billboard chart, on its way to #7. Although they would place a total of seven hits in the Top 40, this will be their only Top 10 hit.
    1964 - “Flipper” premiered. An adventure series starring Flipper, the intelligent, communicative and helpful dolphin. The human cast members included Brian Kelly as Chief Ranger Porter Ricks, Luke Halpin as his son Sandy, Tommy Norden as his son Bud and Ulla Stromstedt as biochemist Ulla Norstrand. Although the last telecast of this series was Sept 1, 1968, the series was recreated under the same title in the ‘90's.
    1966 – At the height of their popularity, Herb Alpert and The Tijuana Brass perform for Princess Grace (Kelly) at her Monaco palace.
    1967 - The beleaguered Beatles search desperately for a place in which to wrap filming on their trouble-plagued Magical Mystery Tour film. Having forgotten to book their primary choice, Surrey's Shepperton Film Studios, in advance, the band settles on an abandoned US Air Force station in Kent, filming most of the uncompleted movie on and around the grounds over the next week.
     1967 - Hurricane Beulah deluged Brownsville, TX, with 12.19 inches of rain in 24 hours, to establish a record for that location. Hurricane Beulah made landfall on the 20th near the mouth of the Rio Grande River, where a wind gust to 135 mph was reported by a ship in the port.
    1969 - President Nixon announces the cancellation of the draft calls for November and December. He reduced the draft call by 50,000 (32,000 in November and 18,000 in December). This move accompanied his twin program of turning the war over to the South Vietnamese concurrent with U.S. troop withdrawals and was calculated to quell antiwar protests by students returning to college campuses after the summer.
    1969 - Top Hits
“Honky Tonk Women” - The Rolling Stones
“Sugar, Sugar” - The Archies
“I'll Never Fall in Love Again” - Tom Jones
“A Boy Named Sue” - Johnny Cash
    1969 - Creedence Clearwater Revival scored their only UK #1 single with "Bad Moon Rising".
    1970 - "Ain't No Mountain High Enough" by Diana Ross topped the charts and stayed there for 3 weeks.
    1970 - She could turn the world on with her smile. "The Mary Tyler Moore Show" was seen for the first time on CBS-TV. It was the first of a new wave of contemporary sitcoms, combining good writing, an effective supporting cast and contemporary attitudes. It was also television’s first sitcom about a single woman.  The show centered on the two most important places in Mary Richard's (Mary Tyler Moore) life—the WJM-TV newsroom and her apartment at Minneapolis. At home, she shared the ups and downs of life with her friend Rhoda Morgenstern (Valerie Harper) and the manager of her apartment building, Phyllis Lynstrom (Cloris Leachman). At work, as the associate producer (later producer) for the “Six O'clock News,” Mary struggled to function in a man's world. Figuring in her professional life were her irascible boss Lou Grant (Ed Asner), levelheaded and softhearted news writer Murray Slaughter (Gavin MacLeod) and self-obsessed, narcissist anchorman Ted Baxter (Ted Knight). In the last episode, the unthinkable happened:  everyone in the WJM newsroom except the inept Ted was fired.  The show ran for 168 episodes with the finale show on March 19, 1977.
    1974 - Eric Clapton received a gold record for "I Shot the Sheriff". The song reached #1 on the pop charts on September 14th
    1974---Birthday of Jimmy Fallon, talk show host, comedian, actor, born Brooklyn, New York.
    1977 - Top Hits
“I Just Want to Be Your Everything” - Andy Gibb
“Float On” - The Floaters
“Don't Stop” - Fleetwood Mac
“Don't It Make My Brown Eyes Blue” - Crystal Gayle
    1978 - Linda Ronstadt's latest release, "Living in the U.S.A." is issued with advance orders of two million units, making it a double platinum LP before it even hit the stores.
    1979 - Singer Elton John, accompanied only by percussionist Ray Cooper, began his first US tour in four years. John had just completed a similar tour of the Soviet Union - the first Western pop star to visit that country.     
    1981 - Singers Paul Simon and Art Garfunkel reunited for a free concert in New York's Central Park. More than 400,000 people gathered to hear Simon and Garfunkel's first full concert in 11 years, although Garfunkel had joined Simon for occasional guest numbers since the duo's breakup in 1970. A double LP, "The Concert in Central Park," and a video of the event were issued. Simon and Garfunkel then launched a six-week European tour. Both Simon and Garfunkel received much-needed exposure at a time when their solo careers seemed to have stalled.
    1982 - Streetcars stop running on Market St in San Francisco after 122 years of service to make way for Bay Area Rapid Transit, which now runs as a subway beneath Market Street.
    1983 - New York City had a record 92 degrees while snows fell out west.
    1983 - 14 inches of snow fell just south of Great falls, MT. Temperatures fall to 6 degrees below zero at West Yellowstone, MT following the snow.
    1985 - Top Hits
“St. Elmo's Fire (Man in Motion)” - John Parr
“We Don't Need Another Hero” (Thunderdome) - Tina Turner
“Money for Nothing” - Dire Straits
“Modern Day Romance” - Nitty Gritty Dirt Band
   1985 - In Mexico City, Mexico, our neighbors, this day will forever be remembered. The first of two killer earthquakes hit the city. This one, 8.1 on the Richter scale, followed the next day by a 7.5er, crumbled buildings (damages were estimated at more than one billion dollars) and killed almost 10,000 people.
    1987 - Michael Jackson's "I Just Can't Stop Loving You" rose to #1 in the U.S. on the "Billboard Hot 100". The single, from Jackson's "Bad" LP, stayed at the top of the hit heap for one week.
    1987 - Dick Clark's "American Bandstand" left the ABC TV network after more than 30 years and went into first-run syndication. ABC had cut the show to half an hour and Clark wanted to return to the program's original hour-long format. "Bandstand" began as a local show in Philadelphia in 1952 before going national five years later.
   1988 - U.S. diver Greg Louganis struck and injured his head on the board in a preliminary round of springboard diving at the Summer Olympics in Seoul, South Korea. Days later, however, Louganis won the gold medal in springboard diving.
   1989 - Showers and thunderstorms produced heavy rain in the Middle and Northern Atlantic Coast Region. Cape Hatteras NC was deluged with nearly 3.50 inches of rain in three hours. Syracuse NY reported 1.77 inches of rain, a record for the date, and Chatham NJ reported an all-time record of 3.45 inches in one day. Hurricane Hugo headed for the Bahamas, and Tropical Storm Iris, following close on its heels, strengthened to near hurricane force.
   1991 - Michael Jackson performed an unaccredited voice-over on "The Simpsons" animated series on the Fox network. He provided the voice for a white mental patient who thinks he's Michael Jackson.
   1991 – While not found in America, perhaps the oldest archeological event, the Iceman, named Ötzi by scientists, was found by a German tourist, Helmut Simon, on the Similaun Glacier in the Tirolean Ötztal Alps on the Italian-Austrian border. The body is that of a man aged 25 to 35 who had been about 5 feet 2 inches (1.6 meters) tall and had weighed about 50 kg (110 pounds).  It is the oldest mummified human body ever found intact -- some 5000 years old. And his few remaining scalp hairs provided the earliest archaeological evidence of haircutting. And, if that's not enough, Ötzi was found to have a number of ‘points' tattooed on his body, 80% of which are considered valid modern acupuncture points and dates acupuncture back to at least 3300 B.C.
   1991 - In Pasadena, an all-star benefit concert honoring Ray Charles features performances of Ray songs by Stevie Wonder, Willie Nelson, Michael McDonald and more. Entitled Ray Charles: 50 Years in Music, Uh-Huh! , the concert (and accompanying TV show) benefits the Starlight and Starbright Pavilion Foundations for terminally ill children.
   1994 - “ER” premiered. This medical drama takes place in the emergency room of the fictional County General Hospital in Chicago. Doctors and nurses take care of life and death patients while conducting their personal traumas as well. Cast includes Anthony Edwards, George Clooney, Sherry Stringfield, Noah Wylie, Laura lnnes, Gloria Reubens, Eriq La Salle and Alex Kingston.
   1995 - The Washington Post publishes the "Unabomber's Manifesto." It leads the brother to realize the bomber is his brother and he notifies authorities.
   1999 - On a warm September afternoon at Wrigley Field, Chicago, Sammy Sosa hit the 60 home-run mark for the second year in row, setting himself above all others in baseball's history books. “A lot of people said at the beginning of the year it would be impossible to hit 60 two years in a row,” Sosa said. “Here I am.”
    2004 - With their latest hit, "You'll Come Around," Status Quo become the artists with the most all-time chart hits in the UK, an amazing 61 charted singles from 1968's "Pictures of Matchstick Men" (their only US hit).
    2012 - Randy Bachman, of Bachman-Turner Overdrive, was named to Canada's Walk of Fame for the second time. He was also inducted in 2001 as a member of The Guess Who.
    2013 - The Recording Academy named Carole King as the MusiCares person of the year. The presentation would be made during the 2014 Grammy Awards week.

***Bacon's Rebellion: In the Virginia colony every adult male could vote. When Charles II was restored to the English throne, he sought to exploit the colony to the fullest. Virginia Governor Sir William Berkeley, supporting the king, adopted new laws to facilitate these efforts including measures allowing only property holders to vote, raising taxes to build up the town of Jamestown and raising the cost of shipping while lowering the price for tobacco. The resulting discontent exploded when the frontier of the colony was attacked by Indians and the governor refused to defend the settlers. Nathaniel Bacon, a colonist on the governor's council, was made leader by the frontier farmers, and his troops successfully defeated the Indians. Denounced by Berkeley as rebels, Bacon and his men occupied Jamestown, forcing the governor to call an election, the first in 15 years. The Berkeley laws were repealed and election and tax reforms were instituted. While Bacon and his troops were gone on a raiding party against the Indians, Berkeley again denounced them. They returned and attacked Berkeley's forces, defeating them and burning Jamestown on Sept 19, 1676. Berkeley again fled and Bacon became ruler of Virginia. When he died suddenly a short time later, the rebellion collapsed. Berkeley returned to power and Bacon's followers were hunted down, some executed and their property confiscated. Berkeley was replaced the next year and peace was restored.



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