Archives
for the Month of October
October
31, 2000
-- No News on Unicapital, Sierra Cities, El Camino Leasing today.
Most
likely things will go to November 6, the extension given Unicapital
by
Bank of America...Sierra Cities has been talked about for sale for months,
maybe
since the first of the year, and the latest I heard, Washington Mutual,
was
to take place last Friday and now I am told: "my lips are sealed," so
we
are all in the dark. It does seem the negotiations are for real. If
not,
this company should get an A+ for "public relations"....and El Camino Leasing
does
not walk to talk either... October
30, 2000 -- GE Enters Internet Fray
eOriginals
with Electronic Secured Documents
Sherman
and Associates/APPRO Alliance
LeasePoint
Announces Board of Directors
CIT
Expands Dell Line of Credit October
26, 2000 -- Unicapital--No "inside" Public Relations
Interland
$50 Million Vendor Lease Lines
eBank
Expands
Ikon
Leasing Up 26% ( Vendor financing )
(
these are examples that there is an increase in captive leasing, and
as
evidenced by other "press releases" in the last few weeks, an increase in on line
internet
transactions, as the leasing industry moves not only into a new
cycle,
but an electronic processing plateau---editor ) October
25, 2000 -- Sierra Cities/Washington Mutual
Unicapital
Unwinding
The
List Up-dated
LeasePoint
and Private Label Program
NetDecide
Launches Wealth Decisions October
24, 2000 -- Up-dates on Copelco/Unicapital
IBUI
On Line Has Loss of $2.6 million in Lending and Leasing ( their press release
)
Netbank
Reports 10th Succesful Quarter ( internet bank continues to grow )
Smaller
Banks Across Country Report 3rd Quarter Profits--Oregon to Alabama, including
a large
SBA lender, Goleta National Bank October
20, 2000 -- Unicapital Gets Two Week Repreive
Unicapital:
Is the Verdict In?
Copelco
Closes Down Broker Business
BSB
Makes Offer to their Parent Unicapital
Heller
First Nine Months up 28%
Humboldt
Bank up 99%--Wow!!!
The
List is Up-Dated
Employee
Jitters at Many Leasing Companies October
19, 2000 -- Unicapital Employee E-Mail
Application
Signatures On Line/Roger Marce/Bob Rodi
Total
Funding and Go Public
Capitalworks
and eLease
Irwin
Bank UP, but leasing shows "pre-tax loss of $0.6 million during the third quarter.
"
Charter One UP in all Departments
US
Bancorp UP in Third Quarter
AmBank,
Alabama Expands On Line Presence October
18, 2000 -- "El Camino Leasing Was a Good Company--" List is now 50 "
SierraCities.com
(BTOB) hit with a fraudulent posting"
"We
are not just going through another cycle, Mr. Bonnano!"
"We
simply need to weather this trough out"--Bruce McCormick
"
How are most funding sources facing the issue of signed applications?"
List
at Bottom of Report---Now 50 October
17, 2000 --Unicapital Extension Until This Friday as "Process" Continues
( read in between the lines/feel
compassion for Unicapital employees )
Capital.com
and Textron "Partner" On Line
Joe
Bonnano/Bob Rodi On "Brokers Today and Business Today" October
16, 2000 -- Cragin Wins for CIT and Agilent!!!
Broker's
Lament---More Reactions
Allco
Discontinues In House Sales Force
Netbank
"Connects" with Microsoft Money Software October
12, 2000 -- Orix "long-term Outlook has been revised from Stable to Negative"
by Fitch
Cyberloan Tops $1 billion in Real Estate
Loans On Line in September
Lakeland
Bank ( and leasing ) Reports 25% Increase/Issues Increased Dividend
(
note .06% allowance of total assets for bad lease debt ).
Broker's
Lament---Redux, from brokers,presidents of National Association
of
Equipment Leasing Brokers, United Assocation of Equipment Leasing Brokers
---List
Up-dated: Now 49 Major Changes in Last Two Years---
new
statement by editor October
11, 2000 -- Broker's
Lament---------
AccessLease with New "Private Label"
On Line Program
( stops
25% mark-up fee--read the release to see this claim and others )
Dow
Jones Newspapers Says "Finova Having More Problems" ( oh, really--editor--see
List ).
Marhsall-Isley Report Third Quarter Profit
$90.6 Million compared to Last Year $90.8 million
Patton
Joins LeasePoint
US Bancorp Reports Earning
$16.7 million versus last year $16.2 Million ( full report ) October
10, 2000 -- Netbank
Continues to Grow ( 60% bank business in a few years will be via W.W.W )
Equipment
Leasing Association New Funding Data Base ( excellent service )
Hartcourt
Expands China Connections/Invites Potential Investors On Trip
San
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 ) October
09, 2000 -- Advanta Expects Lower Earnings ( Their Leasing Company is "for
sale." )
" 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 )
eLease
Says "Senior Management Change Only"; List Up-dated.
Access
Lease Teams with Planetary Network for "Real Time" Leasing
Access
Lease Raises $6.5 Million for Online Business
GE
Puts Loan/Lease Pricing On Line
Scripps
Financial and USBancorp being purchased/merged by Firstar
Stocks
Still Flow in Silicon Valley/Money Still Loose, newspaper reports
Cisco/Microsoft
Pay No Federal Tax ( stocks to employees shelter their earnings )
The
List--Up-dated October
05, 2000 -- Latest News on Sierra Cities
Unicapital
(
"The rumors you have heard are credible about the possible sale of
UniCapital
companies" is all I could get, except we may not know until next week...
Sierra
Cities Yahoo Stock Message Board guesses a "gag order" must be in place.
But
my insider told me a new announcement date was given to one of the branches:
October
19th. Management is reportedly very upbeat and branches are being told
to
"sit tight" that good news is coming. )
side
note: BSB Leasing Business is Going Very Strong
Comdisco
Says In Good Shape, Despite Stock Drop Earlier This Week
Look
for Sterling Bank to Become More Aggressive as "Financial Holding Company"
NAELB
Workshop October 20, Irvine California
Another
Complaint About Gibraltor Financial goes to Bulletin Board October
04, 2000 -- US
Bancorp Merges with Firstar
Sierra
Cities
Reaction
to Ray Williams No Longer at UAEL
First
International Bank and Siemens Financial Services Partner On Private Label Equipment
Leasing Program
Firstar
Buys U.S. Bancorp
Fitch
Downgrades ICON Capital Equipment Lease Securitizations
Peachtree
Makes Offer for Phoenix Leasing
The
List Up-dated
The
Bulletin Board Up-dated
October
03, 2000 -- Ray Williams Terminated at United Association of Equipment
Leasing
UniCapital "No Word" until October 4, 2000
BSB Healthy and Growing,
Says President Myerson
Bancorp
Financial Services, Sacramento, California
Martin
Barteske Complaint about Leasing News Bulletin Board 10/02/2000
The
List is Up-dated
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