for the Month of October
-- No News on Unicapital, Sierra Cities, El Camino Leasing today.
likely things will go to November 6, the extension given Unicapital
Bank of America...Sierra Cities has been talked about for sale for months,
since the first of the year, and the latest I heard, Washington Mutual,
to take place last Friday and now I am told: "my lips are sealed," so
are all in the dark. It does seem the negotiations are for real. If
this company should get an A+ for "public relations"....and El Camino Leasing
not walk to talk either...
30, 2000 -- GE Enters Internet Fray
with Electronic Secured Documents
and Associates/APPRO Alliance
Announces Board of Directors
Expands Dell Line of Credit
26, 2000 -- Unicapital--No "inside" Public Relations
$50 Million Vendor Lease Lines
Leasing Up 26% ( Vendor financing )
these are examples that there is an increase in captive leasing, and
evidenced by other "press releases" in the last few weeks, an increase in on line
transactions, as the leasing industry moves not only into a new
but an electronic processing plateau---editor )
25, 2000 -- Sierra Cities/Washington Mutual
and Private Label Program
Launches Wealth Decisions
24, 2000 -- Up-dates on Copelco/Unicapital
On Line Has Loss of $2.6 million in Lending and Leasing ( their press release
Reports 10th Succesful Quarter ( internet bank continues to grow )
Banks Across Country Report 3rd Quarter Profits--Oregon to Alabama, including
SBA lender, Goleta National Bank
20, 2000 -- Unicapital Gets Two Week Repreive
Is the Verdict In?
Closes Down Broker Business
Makes Offer to their Parent Unicapital
First Nine Months up 28%
Bank up 99%--Wow!!!
List is Up-Dated
Jitters at Many Leasing Companies
19, 2000 -- Unicapital Employee E-Mail
Signatures On Line/Roger Marce/Bob Rodi
Funding and Go Public
Bank UP, but leasing shows "pre-tax loss of $0.6 million during the third quarter.
Charter One UP in all Departments
Bancorp UP in Third Quarter
Alabama Expands On Line Presence
18, 2000 -- "El Camino Leasing Was a Good Company--" List is now 50 "
(BTOB) hit with a fraudulent posting"
are not just going through another cycle, Mr. Bonnano!"
simply need to weather this trough out"--Bruce McCormick
How are most funding sources facing the issue of signed applications?"
at Bottom of Report---Now 50
17, 2000 --Unicapital Extension Until This Friday as "Process" Continues
( read in between the lines/feel
compassion for Unicapital employees )
and Textron "Partner" On Line
Bonnano/Bob Rodi On "Brokers Today and Business Today"
16, 2000 -- Cragin Wins for CIT and Agilent!!!
Discontinues In House Sales Force
"Connects" with Microsoft Money Software
12, 2000 -- Orix "long-term Outlook has been revised from Stable to Negative"
Cyberloan Tops $1 billion in Real Estate
Loans On Line in September
Bank ( and leasing ) Reports 25% Increase/Issues Increased Dividend
note .06% allowance of total assets for bad lease debt ).
Lament---Redux, from brokers,presidents of National Association
Equipment Leasing Brokers, United Assocation of Equipment Leasing Brokers
Up-dated: Now 49 Major Changes in Last Two Years---
statement by editor
11, 2000 -- Broker's
AccessLease with New "Private Label"
On Line Program
25% mark-up fee--read the release to see this claim and others )
Jones Newspapers Says "Finova Having More Problems" ( oh, really--editor--see
Marhsall-Isley Report Third Quarter Profit
$90.6 Million compared to Last Year $90.8 million
US Bancorp Reports Earning
$16.7 million versus last year $16.2 Million ( full report )
10, 2000 -- Netbank
Continues to Grow ( 60% bank business in a few years will be via W.W.W )
Leasing Association New Funding Data Base ( excellent service )
Expands China Connections/Invites Potential Investors On Trip
Jose Mercury-News Follows AP Story: Cisco, Seibel, Others Pay No Federal Income
Tax ( but they say the employees
do, and would pay more than the company Federal tax )
09, 2000 -- Advanta Expects Lower Earnings ( Their Leasing Company is "for
" The Company
has also implemented its plan to discontinue lease originations from the unprofitable
segments of the broker channel and improve the yields on new originations. In
addition, the Company is actively pursuing strategic alternatives for the leasing
business, including its possible divestiture" ( UAEL Conference Advanta Leasing
Staff knows they are "on the block"--see archives for more---editor )
Says "Senior Management Change Only"; List Up-dated.
Lease Teams with Planetary Network for "Real Time" Leasing
Lease Raises $6.5 Million for Online Business
Puts Loan/Lease Pricing On Line
Financial and USBancorp being purchased/merged by Firstar
Still Flow in Silicon Valley/Money Still Loose, newspaper reports
Pay No Federal Tax ( stocks to employees shelter their earnings )
05, 2000 -- Latest News on Sierra Cities
"The rumors you have heard are credible about the possible sale of
companies" is all I could get, except we may not know until next week...
Cities Yahoo Stock Message Board guesses a "gag order" must be in place.
my insider told me a new announcement date was given to one of the branches:
19th. Management is reportedly very upbeat and branches are being told
"sit tight" that good news is coming. )
note: BSB Leasing Business is Going Very Strong
Says In Good Shape, Despite Stock Drop Earlier This Week
for Sterling Bank to Become More Aggressive as "Financial Holding Company"
Workshop October 20, Irvine California
Complaint About Gibraltor Financial goes to Bulletin Board
04, 2000 -- US
Bancorp Merges with Firstar
to Ray Williams No Longer at UAEL
International Bank and Siemens Financial Services Partner On Private Label Equipment
Buys U.S. Bancorp
Downgrades ICON Capital Equipment Lease Securitizations
Makes Offer for Phoenix Leasing
Bulletin Board Up-dated
03, 2000 -- Ray Williams Terminated at United Association of Equipment
UniCapital "No Word" until October 4, 2000
BSB Healthy and Growing,
Says President Myerson
Financial Services, Sacramento, California
Barteske Complaint about Leasing News Bulletin Board 10/02/2000
List is Up-dated
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