2013 December Navitas Lease Corp. dba Navitas Leasing, Ponte Verde Beach, FL. (RLC Leasing Division, Columbia, South Carolina) (12/13) Opens New Equipment Manufacturer Financing Division--http://leasingnews.org/archives/Dec2013/12_20.htm#navitas Mesa Leasing, San Diego, CA. (12/13) Mesa Leasing Back in Business--http://leasingnews.org/archives/Dec2013/12_10.htm#mesa
November Balboa Capital, Irvine, Ca. Irvine, California (11/13) Gets Tagged For Alleged Dummy Docs Healthcare Partners Group, LLC, Chesterfield, Missouri (11/13) Alleged leasing company takes Pulaski Bank for $7 million for non-extant leases. De Lage Landen Financial Services, Wayne, Pennsylvania (11/13) Leaves Lessor to hang re: Evergreen Clause Marlin Leasing, Mount Laurel, NJ (11/13) Announces Retirement of George D. Pelose, Exec. VP/General Counsel/Corporate Secretary
October Heritage Pacific Leasing, Fresno, CA (10/13) Court Upholds Ruling Surviving Spouse Liable, ---Kathleen Otto Responsible for Debt Proviso Financial Services, Coquitlam, British Columbia (10/13) $618.00 Bulletin Board Complainthttp://leasingnews.org/archives/Oct2013/10_29.htm#provisoa Integrity Financial Groups, Murray, Utah (10/1) Dallin Hawkins Second Arrest within 25 dayshttp://leasingnews.org/archives/Oct2013/10_29.htm#third Balboa Capital, Irvine, California (10/13) settlement made, undisclosed, but documents indicate $5 million plus will cost Balboa (10/13) Looks like mass fax class action case will cost Balboa $5 million. Settlement not to be disclosed; hearing set. CIT Group, New York (10/13) CIT Third Quarter Net Income $200 Million Five Point Capital, San Diego, CA (10/13) moves main operation over to National Funding, Dave Gilbert's second company as well as third company he is involved with: Quick Bridge Funding, direct working capital loans. First National Capital, Foothill Ranch, California (10/13) class action case to be dismissed regarding recording salesmen on company telephones. Windset Capital, Salt Lake City, Utah (10/13) Part of Chesswood Group, following Pawnee in working capital loans in United States. LEAF, New Jersey (10/13) Refinances. De Lage Landen Financial Services, Wayne, Pennsylvania (10/13) Sues Element Financial Corp. for Activities of Former Employee Who After Accepting Employment with Competitor and While Still Employed by DLL, Turned Over His Laptop to the Competitor.
September Sterling Finance, Spokane, Washington (9/13) Umpqua Bank purchases Sterling bringing Financial Pacific and Commerce National Leasing together as one unit. NorVergence, New Jersey (09/13) Thomas N. Salzano pleads guilty to five felony counts of theft over $500 and was sentenced to three years’ supervised probation. He also is to reimburse the District Attorney's Office for the cost of prosecution; ends case that began in 2009. " I was to be one of their witnesses. During the preparations, I was informed that the attorneys Mr. Salzano had hired were not cheap. I asked how he was able to afford his attorneys and was told by the state investigator that they weren't allowed to ask that question. It seemed, however, that Mr. Salzano had access to the money he needed to pay them." Scottrade Financial Services, Saint Louis Missouri (09/13) Division has already approved more than $120 million in equipment finance transactions; hires more industry veterans. http://leasingnews.org/archives/Sep2013/9_05.htm#scottrade Innovative Lease Services, Carlsbad, California (09/13) surpasses their 1,500th customer in 2013 with processed applicant requests in excess of $95 million in Small Business Equipment Financing and Working Capital, doubling figures from the previous year. Balboa Capital, Irvine, California (9/13) Settling mass fax class action case for $5 million? August Leasing Innovations, Solano Beach, California (8/13) $800,000 Bulletin Board Complaint. http://leasingnews.org/archives/Aug2013/8_29.htm#bbc Matrix Business Capital, Long Beach, California (8/13) $3,435.60 Bulletin Board Complaint http://leasingnews.org/archives/Aug2013/8_26.htm#bbc Blue Start Capital, Long Beach California (8/13) Suit regarding defamation of character re: Bulletin Board Complaint. http://leasingnews.org/archives/Aug2013/8_26.htm#lawsuit Ascentium Capital, Kingwood, Texas (8/13) Hits hit $1 Billion Credit Applications July Integrity Financial Groups, Murray, Utah (07/12) New complaint Cole Taylor Equipment Finance, Towson, Maryland (07/12) Edward A. Dahlka, Jr., leads new bank finance division. Balboa Capital, Irvine, California (07/12) $20,543.22 Bulletin Board Complaint, Alleged “Bait and Switch” Ability Capital Solutions, Long Beach, California (07/13) CapitalSource, Chevy Chase, MD (07/13) merges with PacWest June CapitalSource, Chevy Chase, MD (06/13) Healthcare Finance No Longer in Business, Readers Respond Why Financial Pacific, Federal Way, WA (06/13) Sold to Umpqua Holdings CapitalOne Commercial Leasing, McLean, Virginia May Sterling Finance, Spokane, Washington (05/13) Purchases Commerce National Bank, Newport Beach, California; leasing division now has opportunity to expand with well capitalized major bank. Newport Financial Partners, Newport Beach, California (05/13) Western Equipment Finance, Devils Lake, North Dakota (05/13 parent Western State Bank, Devils Lake, North Dakota takes over Central Arizona Bank, Scottsdale, Arizona; may be expanding leasing and finance operation as has facility in Arizona Balboa Capital, Irvine, California (05/13) Tagged for stealing corporate secrets. Settles suit with MicroFinancial regarding officers enticing employee to bring lists and protected information. Element Financial, Toronto, Canada (05/13) Sued by De Lage Landen for ex-employees allegedly stealing lists and information. April Balboa Capital, Irvine, California (4/13) Two More Bulletin Board Complaints: Popular Equipment Finance, Rosemont, Illinois (4/13) Dale Kluga to move his operation over to Popular Bank and start-up Popular Equipment Finance. "We will be scaling Cobra's proven business model with the resources of the 36th largest bank in the U.S. which has proven its dedication to Cobra's target small biz market, the key to any jobs recovery and, therefore, any real U.S. economic recovery,” Kluga said. On Deck, New York City (4/13) Opens new headquarters, continues to expand. http://leasingnews.org/archives/Apr2013/4_02.htm#ondeck
March Pacific Western, Midvale, Utah, formerly Marquette Finance, Utah (3/13) MAC Financial Services, Scottsdale, Arizona (3/13) Doesn't return deposit or do lease, not licensed in California, also no Arizona Advance Deposit license. Applicant to hire attorney. Balboa Capital, Irvine, Ca. Irvine, California (3/13) Eighth complaint, Evergreen again! Northern Leasing Systems, New York City (3/13) Northern Leasing Systems Says "It isn't so!" http://leasingnews.org/archives/Mar2013/3_13.htm#nls February Odyssey Equipment Financing, Scottsdale, Arizona (02/03) Merges with Pinnacle Capital, Tacoma, Washington Capital Stream (02/03) acquired by Linedata January Matrix Leasing, Utah (01/13) Now defunct, but those using "Purchase, Renewal or Return Clauses" learned it while working there. http://leasingnews.org/archives/Jan2013/1_30.htm#matrix Pacific Western Bank, Cottonwood Heights, Utah (01/13) Purchaser of Marquette Equipment Finance using same "Evergreen Clause" and routine. http://leasingnews.org/archives/Jan2013/1_30.htm#pac_west Integrity Financial Group, Murray, Utah (01/13) creates leasingnews.info which leads to their website; also buys listing in Google search top of page for Leasing News that looks like leasingnews.org but goes to leasingnews.info. He doesn't know it but readers who use Leasing News as a search in Google go there, when they open it, they contact leasingnews.org complaining about why the “.info.” The Bulletin Board Complaints including the story of the .info are then sent to him. He's not very bright. Key Equipment Finance/American Express/Sierra Cities/Rockford (01/13)KeyCorp posts 4% decline in fourth-quarter net income Commercial lease financing (in millions) Newport Financial Partners, Inc. , Newport Beach, CA (01/13) third Bulletin Board complaint http://leasingnews.org/archives/Jan2013/1_15.htm#bbc(11/12) Second Bulletin Board Complaint http://leasingnews.org/archives/Nov2012/11_21.htm#bbc Scottrade Financial Services, Saint Louis Missouri (01/13) Hires Leasing Icon Fred Van Etten has been named division president of Scottrade Bank Equipment Finance, a subsidiary of Scottrade Financial Services, Inc., where Scottrade, Inc. and Scottrade Bank are separate but affiliated companies. GreatAmerica Financial Services (formerly GreatAmerica Leasing) Cedar Rapids, Iowa (01/13) Tony Golobic, CEO, names 2012 Leasing Person of the Year by Leasing News (11/12) new trade name "GreatAmerica Financial Services." "GreatAmerica is far more than a leasing company today,” said GreatAmerica Chairman and CEO Tony Golobic. “We have always been solution driven. Over the years, this has led to the development of a number of innovative, non-leasing products and services. The evolution of our name simply underscores our commitment to the continued success of our customers.” |