June 8, 2000

33 Leasing Companies Major Changes in the last Six Months:

American Business Leasing ( gone )
Bankvest (bankrupt)
Bombadier ( reported having problems, not confirmed )
C&W Leasing ( bankrupt )
Charter Financial ( purchased by Wells Fargo )
Commerce Security ( closed )
Copelco ( sold to Citibank )
Dana ( sold off, active as captive )
DVI Capital ( out of broker )
Fidelity ( acquired by ABN Amro Bank )
Finova ( out of market place )
Franklin Bank ( no more leases )
Imperial ( sold portfolio )
Leasing Corp of America ( for sale below book value )
Leasing Solutions ( bankrupt )
Libery Leasing ( closed )
Linc Capital ( out of vendor and broker business, Nasdaq halts stock sales )
Merit Leasing ( gone )
METWEST LEASING CO. Spokane WA. ( advising brokers that they have run out of funds so they are unable to fund a transaction we have there for funding. )
Nationbank Leasing ( closed )
New England Capital ( sold )
Newcourt ( sold off )
Phoenix ( both divisions )
Prime Capital ( "yes and no" sold off, may be negotiating )
Rockford ( sold to American Express )
SDI ( closed )
T&W ( lost their capital )
Transamerica ( sold )
Unicapital ( reportedly struggling )
United Capital ( reported having problems, very bad quarter )
United Leasing ( out of liquidity )
USA Leasing ( gone )
VGM ( out of business )

 

 

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