Archives
for the "Current Month"
January
31, 2001 Feds
Cuts Rates 1/2 Point ( Only People Living on Mars Did Not Expect This ) Leasing
Group Gets First $10 Million Venture Fund--Major Player Textron/Finova--New
Technology Finance Division Comdisco
Best Ever Earnings Quarter CIT
Overcomes "Letter of Credits" Tice,
Knoxville, Tennessee, Acquires Two North
Coast Funding A-1 Rating LeasePoint
Updates Credit Rating System VenServe
Purchases MacArthur Business Credit
Orix--major change of direction and
personnel to be announced soon. We have not gotten anyone at Orix to confirm or
deny, as our information comes from another very highly reliable source. Please
stay tuned. News at 11pm.
January
29, 2001 -- Advanta--inside
reports UAEL Symposium e-mail www.adcritic.com
It Was Menkin on Yahoo re: Sierra Cities
Tech Data/Financial Services
eMarket/Professional
Services eFinance/Syntex
January
26, 2001 -- Jim
Lahti's & Richard Galtelli's "Affiliated" Merges with First Commerce Leasing
Advanta Leasing--Closing is Not Smooth as PR "Spin" Would
Lead You to Believe Royal Bank of Canada/Centura
Banks--Atlanta Connection-Loans and Leases On Line Brokers
Lament------
The Chronological List is Up-dated
January
25, 2001 -- Rodi on "eLease"
February Meetings Up-Date Credit
Acceptance reports net auto leasing losses$820,000/$1,489,000 3 months/year
Trinity Industries, Dallas, Texas,reports net loss of $42.4 million
Record 4th for CIT/ Reports 13th Consecutive Year of Income Growth
(The commercial delinquency trend reflected higher past dues in the Equipment
Financing and Leasing segment, report also states. )
eFin Enters Internet Fray with Auto and Equipment Lease for Dealers
People's Bank Declares Dividend of $0.32 Per Share
Fleet, North Fork Prepare Bids for EAB/American Banker
( sent in by reader Chuck Dixon <cldixon@mindspring.com> , thank
you ) January
24, 2001 -- Mellon Leasing for Sale?
Correction: Saddleback Does Not Accept Broker Business
Equifax/UAEL Announcement "Now Official"
Penske Truck Leasing Commences Tender Offer
Heller Puts "Spin" on Being Downgraded to "Stable"
by Fitch
also adds," (the economy) faces a credit crunch that could impair
smaller lessors' ability to compete effectively,"
Merill-Lynch Says "Rocky Road" and It Tastes Like Ice Cream for
Bond Buyers
Progress Finance Declares Divident ( yes, there are a number of leasing
companies doing very well today.editor )
New Wireless Management to Revolutionize Biz January
23, 2001 -- Advanta Closes Its Door to New Business
February Association Meetings
CapitalStream Names Walter Demaree New Senior Vice President
CIT Commercial Backs Comfin.com/Enters Internet Fray
Yodlee raises $52 million for online account venture
Confirmation: Union Bank Severly Cuts Down Leasing
Textron Up 14% even after Writing
of Internet Losses
The List: Now in Chronological Order January
22, 2001 --Sierra Cities/Vertical Net
Fitch Lowers Comdisco Rating due to Venture Leases/Loans
Equifax/UAEL Announcement "recalled."
Leasing Association Dues Comparison/Analysis January
19, 2001 -- Saddleback Financial Prez. Warren Emard Announcement Capital
Stream Streamlines Their Operation for New Round of Financing Heller
Makes a Lot of Money--So What Else is New? CapitalStream
Signs Netlease.com---70 Vendors On Line Now EAB/United
Capital/El Camino Insider News On
Line from Canada: Mortgage/Loan/Leasing Battle
Brewing over Your Money/US News.Com
January
18, 2001 -- Dimensional Funding Lake Tahoe Office Break In Correction The
List---Is Up-dated Leasing
Statesman Bob Teichman Speaks Out Bob
Rodi Passes the Gavel to Chuck Brazier U.S.News
Zuckerman on the Economy Rob
Day/Pawnee "Why?" January
17, 2001 -- El Camino Leasing Winding Down?
Dimension Funding Lake Tahoe Office Broken Into---Competitor Accused
NAELB Barry Marks, Esq. on Membership
UAEL Ken Greene, Esq. on Membership
Advice to Lease Brokers on Collecting Commissions
MARTICA ESTRADA At BANCUNION SAYS " It Ain't So! "
Leasebynet Joins the Auto Leasing Internet Fray
TCF Reports Record Earnings
LeasePoint.Com Moves Forward
DocuTouch Forms Strong Alliance
Despite Montgomery Ward Expected $1 Billion Write-Off,
GE Reports Record Earnings/Financial Strength
BT&T On Line Announces Second Year Tie In with Intuit for Tax Refunds
Adrian Bulman Remembered January
16, 2001 -- TCF Leasing Acquires First Commercial Capital Corp. Sierra
Cities "Insider" Comments Broker Needs
Help with United Capital Nations
Capital Credit,Chase Capital/BancUnion Warnings ( not confirmed ) Penske
Truck Leasing to Acquire Rollins Truck Leasing Heller
Commercial Equipment Finance Tops $1 billion New BusinessVolume In 2000 UPS
To Acquire First International Bancor Sterling
Bank Leasing in Formation Mellon
Reports Earning
January 15, 2001 -- Adrian
Bulman Passes Away----
at the age of 53. He is survived by his wife Beth
and sons Aaron (17) and Evan (14). Funeral services will be held at 3:00 PM on
Tuesday (1/16) at Northside Chapel at Crabapple in Roswell, Ga (770-645-1414).
Adrian had been hospitalized on New Year's Day for chest pains. However, the doctors
determined he had ulcers of the esophagus and asthma, but there was very little
heart blockage. Cause of death is not known at this time. May God hold his family
and friends in the palm of his hand during the days to come.
January
12, 2001 -- Sierra Cities---oh-Oh, spaghetti-Oh's! "Leasing
Logic"--Mike Meacher "Plugs" Leasing News Union
Bank of California Joins 'The List'---66 Leasing Companies-- GE
Closes Lays Off 100 in Hawaii and Guam Orange
County Register on "Leasing" Support
Comes in for United Association of Equipment Leasing
January
11, 2001 -- Problems with GrayRock and NationsCredit leases via TEXTRON
United Capital, Austin, Texas Situation Appears to be
Detoriating Sierra Cities--Verticalnet
Merger Falls Apart ! ! ! No Where to Go???? Dell
Hits $5 Billion Lease Mark GE
Capital/Point 2 Mark On Line Charter
One Free On Line Banking with Brokat Electro
Rents Income Up AmericasMart.com
and UPS Capital Launch Co-branded Credit Card Services
January
10, 2001 -- Advanta Leasing Still for Sale Despite Mortgage Division Sale
LeasePoint Gets More Secure Clientek
Finds "Office" Leasing On Line ( maybe that is what we should get into ) Semiconductor
Downturn ( not again!!!! ) Odds and Ends----
Ken Duffy of Sumit National (
You've Got to Read this one ) Bob
Rodi's "Last Word" ( he promises--bring a cup of coffee with you ) Other
UAEL membership comments--Andrew Thorn,Gary W. Psaledas,Annoymous
January
9, 2001 -- United Capital Sells Portfolio with "Vendors Not Paid?" Preferred
Capital, "Yes, it is still not sold." "Recession
Predicted" by Morgan Stanley Economist Advanta
Still Has Leasing Division for Sale, but Sells Mortgage Company "Goodbye,
Chris Ciarrocchi" BSB
Leasing---It is Now Official!!! CoBank
Implements ERisk's Web-based Software eMarket
Expands Senior Staff Copelco
Ex-Prez Establishes Lighthouse Capital Louisana
Gov. Edwards Gets Ten Years (Raiders to beat the Ravens) VerticalNet's
Head Leaves After 5 Months To Become CEO of Newell (
Friday is "the" day for Sierra Cities )
January
8, 2001
-- Charter One Launches Free Online Banking United
Capital---Assigning Leases, Other Vendors Still Not Paid, Bad News to Follow Veteran
Bill Grohe Joins United Association of Equipment Leasing Staff Past
President Bob Rodi on Membership Dues/Joan Dalton -Lease
Capital---Martin Bareske Complaint Added to the Bulletin Board Powerfarm.com
Introduces Real-Time Fertilizer Pricing DocuTouch
Named '50 to Watch' In First Quarter 2001 MicroFinancialCloses
Purchase with Resource Leasing Corporation January
5, 2001 -- LeaseExchange Closing Office, Cutting Staff Joan
Dalton--Interim Manager? UAEL
Membership Fees--Many Complaints New
Leasing Law Web Site------www.leaselawyer.com First
International Bank Goes On Line for up to $5 million per Transaction The
List ( up-dated, thank you readers for your corrections )
January
4, 2001 -- Perferred Capital Exclusive Interview with Mark Seif
Old Kent Financial Good-Bye ( added to the List )
BSB Back in Business Harcourt
Expands eFinance in China with IBM Software Westar
( on line auto leasing ) up 300 percent New
UAEL Exec. Joan Dalton Lacks Experience??? V.C.
Competition for Leasing Companies? Vote
for "Pioneer of Leasing"
January
3, 2001
-- Feds Surprise: Rate Decrease!!!
Sanwa Gets Active in Equipment Leasing
ePlus Scores More Sales
NetBank
Launches New Web Site
GE
Finances Diamonds On Line
Pitney
Bowes Introduces New Product
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