Friday, November 17, 2006 Dancing with the Stars Headlines--- Marlin One Day Volume: 588,365 ######## surrounding the article denotes it is a “press release”
------------------------------------------------------------------------ Marlin One Day Volume: 588,365
One Day Volume: 588,365
### Press Release ########################### Marlin Business Services Corp. Announces Pricing of Offering by Selling Shareholder
MT. LAUREL, N.J., -- Marlin Business Services Corp. (Nasdaq: MRLN) announced the pricing of a public offering by Primus Capital Fund IV Limited Partnership and its affiliate, of an aggregate of 870,000 shares of its common stock at $22.00 per share. The Company will not receive any proceeds from the sale of the shares of common stock being offered by Primus Capital Fund IV Limited Partnership and its affiliate. Piper Jaffray & Co. is the sole manager for the offering. Primus Capital Fund IV Limited Partnership and its affiliate have granted the underwriter a 30-day option to purchase up to 130,000 additional shares of common stock. The offering is expected to close on November 21, 2006, subject to the terms and conditions of the purchase agreement. About Marlin Business Services Corp. Marlin Business Services Corp. is a nationwide provider of equipment leasing solutions primarily to small businesses. The Company's principal operating subsidiary, Marlin Leasing Corporation, finances over 60 equipment categories in a segment of the market generally referred to as "small-ticket" leasing (i.e. leasing transactions less than $250,000). The Company was founded in 1997 and completed its initial public offering of common stock on November 12, 2003. In addition to its executive offices in Mount Laurel, NJ, Marlin has regional offices in or near Atlanta, Chicago, Denver, Philadelphia and Salt Lake City. For more information, visit http://www.marlincorp.com or call toll-free at (888) 479-9111. The registration statement relating to the common shares has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of such common shares in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The offering of these securities will be made only by means of a prospectus, copies of which may be obtained from Piper Jaffray & Co. SOURCE Marlin Business Services Corp. Contact: Lynne C. Wilson, Senior Vice President and Chief Financial Officer of Marlin Business Services Corp., 1-888-479-9111, ext. 4108, lwilson@marlincorp.com November 16th SEC filing (45 pages:) ### Press Release ########################### Classified Ads---Senior Management
These job-wanted ads are free. We also recommend to both those seeking a position and those searching for a new hire to also go to other e-mail posting sites: In addition, those seeking employment should go to the human resource departments on company web sites for funders, captive lessors, and perhaps “broker-lessors.” To place a free “job wanted” ad here, please go to: Atlanta, GA Atlanta, GA Baltimore, MD Denver, CO Hope, NJ Irvine, CA Lawton, OK. Long Island, NY New York, NY, NJ, Ct Tri-State Philadelphia, PA Salt Lake City, UT San Francisco, CA Sausalito, CA Syracuse, NY Tampa, FL Wilmington, DE For a full listing of all “job wanted” ads, please go to: * http://www.yellowhawkcellar.com/ ---------------------------------------------------------------- Small Ticket Business Off by Christopher Menkin
Several observations lead me to write that the Small Ticket equipment leasing business appears off. This not only comes from sales personnel who are leaving companies, telling us the reasons why, but also from owners of companies who specialize in small ticket-application only, plus the Security Exchange Commission financial filings. For instance, NetBank Business Finance: While the press release did not have all these numbers, the SEC did, and putting them together you can see the pace has slowed down for Marlin Leasing:
Coupled also with what other companies are telling us, including many in Southern California, there seems to be a downward trend among those who “telemarket” for small ticket leasing business. Many believe there are just too many “broker/lessors” competing in this marketplace, while captive vendors grow, plus regional banks and large funders seek more inside house sales personnel. Generally November and particularly December, like other "retailers," are very good sales months. While it is too early to make a prediction, the Equipment Leasing and Finance Association Monthly Leasing and Finance Index was "up" comparing August to September. It should be noted the mix includes middle and large ticket leasing, whose numbers inflate the comparison. October will be interesting to see. Wal-Mart, the merchandise leader, came out early with a "discount" program, slashing prices early, and stating they will go "cut deeper" to make sales. Certainly their competitors will follow. It's now secret that the season started early again, but the fact ads are working on the "Christmas Spirit" of buying may be significant. It no longer is just "Happy Holidays." They are pulling out all the stops, which is good for buyers who have cash or credit available. The talk by this large retailer is it will be a profitable season, but the action to cut prices early, indicates they really don't think so---or otherwise, would have held their margins higher. They are running scared. Yes, business does not like to talk negative or even indicate any problem in sales. You won't hear anything but "We want to have the best prices to attract buyers." The same with the equipment leasing industry: "Business could not be any better." It is a well known fact that those in the equipment leasing business are big liars about how well they are doing. Unless they are filling out an association dues form, they often quadruple their sales numbers in letting you know how well things are going. In the release of the Federal Reserve policymaker October 24-25 meeting, the record revealed in their discussions about the economy's health and even as they decided to hold interest rates steady, the Fed members worried somewhat more about the risk of inflation than the danger of the economy cooling down too much. Many pundits believe the Fed will lower rates after the first year, perhaps as early as the end of the first quarter. The low rates create many going after the smaller piece of the pie. There are equipment leasing companies who are expanding, including developing other financial products to sell. Equipment leasing human resource directors who take out ads in our trade publication tells us they are having difficulty in finding "good people." Sales and operation personnel are in great demand. However, it appears the move is into leases over $150,000, which perhaps can be classified as lower-middle ticket sales. Perhaps the marketplace is changing, or has changed. When I started equipment leasing in 1971 we wrote $500 equipment leases with Foothill and AVCO, 1st and ten percent. Maybe businesses like to put equipment leasing on their credit cards to not only get the "points" but pay off the balance in less than 36 months. What the small ticket houses are telling me, off the record, business certainly could be better. Here is the last ELFA-MFLI-25)
---------------------------------------------------------------- EAEL Baltimore Washington Chapter Meeting
The Green Turtle, in Columbia, MD, was the scene of the Eastern Association of Equipment Leasing’s local Baltimore/Washington Chapter meeting on November 14th. The venue was a “Meet and Greet” with about 30 industry colleagues present. The event started at 4:30 and ended about 8 PM. Everyone mingled with one another looking for information about placing current or future transactions and keeping up with the latest industry trends. This was one of the EAEL’s regional events. Each regional chapter typically holds at least two local events annually and there are approximately 7 regions. These events have been gaining in number and in attendance over the last few years.
Sent to Leasing News by:
---------------------------------------------------------------- Classified Ads---Help Wanted Sales
-------------------------------------------------------------- Small Business Survival Index Released
The Washington-based Small Business & Entrepreneurship Council (SBEC) released their 2006 small-business survival study. The results compare states for the tax, spending, regulatory and litigation burdens. According to the Small Business Survival Index, some of the contributions of small businesses that make them the backbone of our economy are listed below: 99.9 percent of all U.S. businesses have fewer than 500 employees, while nearly 17,000 businesses employ greater than 500. Small companies can account for more than 50 percent of nonfarm private GDP. Small firms created 1,990,326 net new jobs, while larger firms employing over 500 lost 994,667 net jobs. Small businesses also produce 13 to 14 times more patents per employee than larger firms and the patents are more likely to be in the top one percent of the most cited patents. In the list of states that are the friendliest, here are the top ten: South Dakota Here is the full report, with the full listing of states to see where your area is (California, New Jersey and District of Columbia were the least friendly to small business, according to the Small Business & Entrepreneurship Council :) http://www.sbsc.org/Media/pdf/SBSI_2006.pdf
--------------------------------------------------------------
-------------------------------------------------------------- Story Credit Lessors—Up-Date Story Credit Lessors (for Broker/Lessors List "A," please click here, for list "B," pleae click here, These companies specialize in "C" and "D" credits, often news businesses, or businesses where the principal(s) have Beacon score around 600 or previous difficulties; meaning to become comfortable with the credit and financial situation you need to learn the "story" to make a positive decision, often requiring further security, shorter term, or additional guarantors. Many of these companies may also be a "B," but appear otherwise without the "story" to understand the full financial picture. (To qualify for this list, the company must be a funder and not a "Broker/Lessor" or "Super Broker/Lessor", along with an acceptable Better Business Bureau Rating and no history of complaints at Leasing News. We reserve the right to not list a company who does not meet these qualifications.) We encourage companies who are listed to contact us for any change or addition they would like to make. Adding further information as an "attachment" or clarification of what they have to offer would be helpful to readers is very much encouraged. Business Reports: Companies listed may make any netiquette comment about their company or reports or other information in the footnote section of their listing. Leasing News recommends readers also view the footnote as well as the section itself or searching reports on the business. It also should be noted that if a BBB report listing is found by a reader, as there may not have been one when this was last up-dated, please send the link to maria@leasingnews.org so Leasing News may up-date this section. Leasing Associations: All non-profit leasing associations are abbreviated. To see the full name and learn more about the association, please click here. BBB - Better Business Report | CBB - Leasing News Complaint Bulletin Board ( To apply to be listed, please fill in this form and fax to 408.374.3843 or you
Business Reports: Companies listed may make any netiquette comment about their company or reports or other information in the footnote section of their listing. Leasing News recommends readers also view the footnote as well as the section itself or searching reports on the business. It also should be noted that if a BBB report listing is found by a reader, as there may not have been one when this was last up-dated, please send the link to maria@leasingnews.org so Leasing News may up-date this section. BBB - Better Business Report | CBB - Leasing News Complaint Bulletin Board ------------------------------------------------------------------------ (A) Pawnee Leasing Corporation; Some times we go higher than $30,000, but our marketplace is from $1,000 to $30,000. Broker Qualify - One year time in business (B) * Allegiant Partners has expanded their maximum transaction size from $250,000 to $500,000 for the 5 western states of California, Oregon, Washington, Nevada and Arizona. (C) Mesa Leasing, Inc., Industries served: Titled vehicles (Trucks, trailers, OTR, etc.), Construction, Restaurants, and all the other "hard to get approved" industries. Broker Qualify - NAELB Members preferred but not required (D) ABCO Leasing, Inc. in Seattle area has been operating since 1974 serving the broker community. We required full financial disclosure on every transaction. We do story transaction, but do not like to refer to them as "C" of "D" credits. We think of therm as "A" type credits that have not been discovered yet. In actuallity, we do not really like to look at what most describes as "D" credits. Broker Qualify - Broker Qualification, contact: Rowan Clark, Credit Manager (E) Black Rock Capital comment: We book anywhere between $15 to 20 million per year. We do no "app only" business and require a full financial package for each transaction. Our average size transaction is approximately $250k and, although, we concentrate in printing, packaging (steel rule die industry) and road construction equipment we do not rule out anything that makes sense. More information can be found at www.blackrockcapital.com. Broker Qualify - Please Call (F) Black Rock Capital (Ireland) Limited and Black Rock Capital (UK) Limited provide the same services for small to middle market corporations in the European Economic Community and the United Kingdom. (G) Cobra Capital, LLC. Comments: Our registered trademark "Making impossible possible" is our central marketing tagline for both strong and weak credits. I have developed a 10 year history, (from Cobra and my prior company GALCO), with specialty, non-conforming transactions (story credits) and have a solid reputation for candidly responding to our originators and lessees and working diligently to mitigate deal risk rather than making excuses to turn deals down. Our originators prefer our underwriting approach to non-conforming transactions since unlike most non-conforming funders, we prefer to mitigate risk versus jacking our return. Both Originators and Lessee's prefer our candid approach as we are also frequently asked to advise lessee's and lessors on the best way to structure their bank loans and raise capital due to our 25+ year banking and accounting backgrounds as my partner and I are both former bankers and CPA's. (H) Barrett Capital Corporatio: Broker Qualify - Please Call (I) (J) Boston Financial & Equity Corporation, most of our leases are venture capital backed startups and turnarounds. We require full financial disclosures, CPA and internal statements, no tax returns. We do not required additional collateral, no PG's or RE needed. Do not send deals with large tax liens, especially if they are payroll taxes. Broker Qualify - A deal in hand and a full package (K) Dakota Financial is a collateral-based direct funding source that specializes in C & D level transaction for customers who are unable to receive funding from traditional sources. Our nationwide program provides funding for start-ups as well as credit profiles that have prior bankruptcies, judgements, tax liens, repossessions or slow pays. I would say that the average credit score of our transactions is in the mid 500s. We have done many deals in the sub 500 range. Although we do all kinds of equipment, we specialize in trucks (including over the road owner operators), trailers, yellow iron and logging equipment. I encourage you to go to our website, www.dakotafinancial.com to find out more information including examples of recent funded transactions. Broker Qualify - Call or visit www.dakotafinancial.com/ broker.html (L) IFC Credit Corporation also services on a regular basis "A" and "B" credits, but it also considers "story credits." "As you say, we need to become comfortable with the credit and financial situation and learn the "story" to make a positive decision, often requiring further security, shorter term, or additional guarantors. I would describe the B and C type credits we fund as companies having 'checkered earnings'." Broker Qualify - Please Call (M) Creative Capital Leasing Group: "We are able to fund tough deals, bad credits, BK's, past tax liens, start ups, used equipment, etc., because we look outside the transaction for real estate, and marketable securities to take as additional collateral." Broker Qualify - Please call Broker Manager, Todd or Jason (N) Blackstone Capital Partners, L.P. lends up to 50% of verified auction value for working capital and/or equipment financing requests (we of course include equipment to be acquired in our valuation). Using this formula, allows Blackstone to approve deals on the assets rather than the credit or cash flow that other lenders desire. Also being an asset lender, we are looking for hard assets i.e. yellow iron, machine tool, manufacturing lines, textile etc... We do not care for soft assets such as computers, furniture, restaurant, or "white elephants" (equipment that is too specific to the clients needs and was specially built for them - there would be no resell available and our liquidity if repossessed would be in jeopardy). If you have any questions, please feel free to call, we will do our best to help or seek the answer for you. Broker Qualify - Please Call (O) Bankers Capital " We will do ANY Type of Equipment, in ANY industry, in ANY state. We especially like 6-figure transactions with full financial packages no matter how good or bad they look. We look to structure the story C&D credits with any kind of additional collateral that makes sense. It could be with 2nd or 3rd mortgages on residential or commercial Real Estate, additional equipment, cash value life insurance, security deposits, vendor agreements. We look for any way to make the deal work instead of looking for any way to decline the deal." Broker Qualify - Please contact Larry LaChance (P) Financial Pacific Leasing supports a nationwide network of Brokers and Lessors. We specialize in "B" and "C" credits for established companies as well as companies under two years in business. Broker Qualify - Please Call or see "Prospective Broker" section on website (Q) American Leasefund, Inc. funds small hard to do transactions under $50,000.00. Most of the transactions are "app only". We look for additional collateral or larger first payments to help the weaker credits. We maintain and service our own portfolio. All of our lessee billings are done via ACH. Broker Qualify - Please Call (R) Dolsen Leasing has served the 11 Western States since 1958 and specializes in B & C Credits for established and new companies. We require a full financial package and offer both leases and financing for new and used equipment in the range of $10,000.00 to $250,000.00. Specialties include titled vehicles for both existing and new owner operators. Story credits are considered as long as credit has been reestablished and trends are positive. Credit decisions are based on old fashioned common sense, not credit scores, allowing us a very quick turnaround-often the same day. We accept broker business and also have in house salesmen. Broker Qualify - Please call or visit www.dolsenleasing.com (S) We at Summit Leasing consider ourselves to be primarily "B" credit lenders, working almost exclusively through brokers. Broker Qualify - Contact us (T) TechLease - due to previous experiences, TechLease is vertically focused on three primary sectors: Semiconductor, Media and Aerospace. We fund all deals and hold paper an all equipment under $250,000. Deals over $150,000 we typically want to meet the Lessee face-to-face. We prefer business in California, however we will fund nationwide. Broker Qualify - Please Call (U) Radiance Capital, LLC specializes in start-up business. These are the northern states we do business in AK, AZ, CA, CO, ID, OR, WA. Click here to read our Product overview (V) Agility Solutions; we fund all equipment used by Wireless Internet Service Providers. (W) Forum Financial Services, Inc., prefer venture capital backed start-ups and middle market to large corporate turnaround companies including companies in bankruptcy and post bankruptcy. Our absolute minimum sales for an established business with financial problems are $10.0 million. (this does not include venture capital backed start-ups). Broker Qualify - Please visit our website (X) Advantage Funding - While we also consider quality equipment leasing as a funder, in the title vehicle leasing business, we consider all types of situations and credits and speciality vehicles for commercial use. We have a history of understanding all types of title vehicle leasing. Broker Qualify - Please Call (Y) Gonor Funding specializes in hard to fund leases with D credit. Collateral based with good rates and commission program. Broker Qualify - Please Call (Z) "TEAM Equipment Leasing is a structured lender for brand new businesses or for older companies with previous credit problems. We do not credit score. The secret to producing an approval for C-Credits starts with interviewing your customer." Broker Qualify - Click here for Broker Enrollment Form
--------------------------------------------------------------
--------------------------------------------------------------
-------------------------------------------------------------- SEC's Full-Text Search Tool Now Live
Just last week, SEC Chairman Christopher Cox broke communication precedent by posting a letter on Sun Microsystems CEO Jonathan Schwartz's blog. Now Cox has again broken new ground, announcing that the contents of electronically-filed financial statements can now be searched using a full-text search tool on the SEC's Web site. Users can sort through the full text of EDGAR filings from the last four years by entering a keyword or other search query. They can also search SEC filings by type. The feature is still being developed, but the SEC has earmarked roughly $50 million to transform the financial statements in its EDGAR database into interactive information over the next three years. The searches by SIC will bring up the latest information chronologically, and specific information on specific companies are easier to obtain: The Main SEC Search Page: ### Press Release ########################### BusinessFinance.com Now Provides 317 Sources For Equipment Financing BusinessFinance.com, home of the largest funding directory and capital source in America, is announcing that they now have 317 sources for equipment financing available in their funding directory. Foothill Ranch, CA--(BusinessFinance.com, home of the largest funding directory and capital source in America, is announcing that they now have 317 sources for equipment financing available in their funding directory. They have found that equipment financing can benefit businesses in multiple ways. It gives businesses access to the equipment they need right away to either expand or startup, while also providing excellent tax benefits for businesses. On their website, www.businessfinance.com, their funding directory made up of 4,952 business capital sources can be searched free of charge. Detailed information on equipment financing and how to go about obtaining equipment financing is available at www.businessfinance.com. Related information found on the topic of equipment finance includes equipment leasing, equipment sales and leasebacks, and the general equipment loan. Businesses like an equipment loan because it allows them to write off up to $25,000 of an items value on their first year of taxes. Financing for equipment can include special machinery, software, computers, or even office furniture. "Our funding directory includes over 317 sources for equipment financing lenders," says Corey Pierce, CEO of BusinessFinance.com. "You will also find many other financing options available to your business on our website." To complement their information on equipment financing and other financing options, BusinessFinance.com offers the Business Finance Coach which shows businesses step-by-step how to build their business credit to ensure financing. They also provide information on establishing five vendor lines of credit, three business credit cards, and one business bank loan that will all work together to help businesses increase their credit scores. The Business Finance Coach can be found at www.businessfinancecoach.com. "We take businesses step-by-step through the process of building business credit, while also helping put businesses in contact with quality lenders," says Pierce. Further information on BusinessFinance.com can be obtained through their website www.businessfinance.com.
### Press Release ########################## ### Press Release ########################### IBM Expands Vendor Financing Options for Manufacturers and Suppliers
ARMONK, NY -- -- IBM (NYSE: IBM) announces that it is expanding its vendor financing scope by offering financing capabilities to non-IBM manufacturers and suppliers in fast-growing industries. IBM Global Financing (IGF), the lending and leasing arm of IBM, will work with these companies to develop working capital financing, inventory financing and extended payment agreements to improve their access to and use of capital to drive incremental customer sales. It is one of the largest extensions of IBM's Global Financing business since the company first began offering equipment leases on IBM PCs and servers in the mid-eighties. "As companies become more globally integrated and trade efficiencies become more critical, IBM is making a difference by helping manufacturers and suppliers more actively manage their working capital to unlock money trapped in their supply chains," said John Callies, general manager of IBM Global Financing. "IBM is expanding its business scope to provide a platform of commercial and client financing offerings to business partners and other companies to achieve their business goals in both our primary IT domain and in adjacent market spaces." According to IDC Research Director, Technology Financing & Management Strategies Joseph Pucciarelli, as IT technology continues to grow in sophistication, other types of equipment have become increasingly IT-centric such as point-of-sale devices, medical imaging equipment, and communications hardware. Together, he says they fuel a worldwide-wide leasing and financing market that exceeds $125 billion annually -- an incredible market opportunity by every measure. Some of the key areas currently being investigated by IBM Global Financing include the Industrial, Communications and Distribution sectors. Through these vendor financing arrangements, IGF will work with manufacturers, suppliers, resellers and other companies to help them create further competitive differentiation and increased business value for their customers. IBM Global Financing's expansion is representative of similar moves in other parts of the business that are earning the company its leadership position as the "innovator's innovator." IBM is focused on helping clients unlock value across their entire enterprise: For example, through its IBM Global Business Services and IBM Global Technology Services divisions the company is aligning with its business partners to diagnose, design, build and operate business processes for its customers, including supply chain optimization and financing. IBM Global Financing has traditionally provided financing to resellers and business partners for non-IBM hardware, software and services as part of an IBM solution. In contrast, these new deals extend the reach of IBM's financing arm above and beyond IBM solutions, leveraging the company's multitude of client relationships to add financing offerings that appeal to a wider variety of businesses looking to maximize returns on invested capital, drive sales and provide budgeting flexibility for their clients. IBM signaled its expansion strategy to the industry recently, through a rapid succession of deals that offer working capital, inventory financing, and end-user leasing to a broader range of non-IBM technology equipment manufacturers and distributors. The deals include agreements with Tech Data, AbsoluteSKY, Juniper Networks and Symbol Technologies. IBM is best positioned to provide financing expertise to its business partners because of its position as the world's largest IT financier. IBM Global Financing has a worldwide asset base of nearly $31 billion, serving 125,000 clients in more than 40 countries. Since the launch of this division in the mid-eighties it has focused exclusively on helping companies manage their capital structures through leasing, lending and IT disposition initiatives. "Many existing financiers approach the market from either a customer or supplier viewpoint," says Pucciarelli. "IBM Global Financing, by virtue of its requirement to provide financing for customer solutions, brings a new focus to this marketplace -- solutions financing. This new orientation will undoubtedly challenge the status quo and likely result in a broader range of leasing and financing options for commercial companies worldwide." About IBM Global Financing IBM Global Financing (IGF), the financing business segment of IBM and the world's premier single-source provider for multi-vendor IT financing solutions, serves commercial clients ranging from small businesses to more than 90% of the Global Fortune 100. With assets of $31 billion worldwide, IGF provides project financing, commercial financing and asset-recovery services to 125,000 clients in more than 40 countries. Additional information can be found at Contact: ### Press Release ########################### ATEL Capital Names Regional Vice President, Northeast
ATEL Capital Group is pleased to announce that John McEwen has joined the company as regional vice president. In this role, McEwen will be responsible for lease originations in the Northeastern United States. McEwen’s background includes a wide range of direct sales and vendor experience with Comdisco Electronics Group, General Electric Capital, Mellon US Leasing, Textron Financial as well as equipment finance sales and management positions with several regional banks. McEwen will be located in West Long Branch, New Jersey. TX, to take advantage of the large Fortune 1000 customer base with capital equipment needs. "John's track record in providing FAS qualified and IRS tax-advantaged operating leases is one of the best in the industry. His experience with all equipment types and lease structures combined with his enthusiastic and aggressive commitment make him a perfect fit for ATEL”, commented ATEL's Senior Vice President, Bill Bullock ### Press Release ########################### Popular Leasing Celebrates 10-Year Anniversary
St. Louis, MO – This November, Popular Leasing USA (PLUSA) celebrates ten years of operation beginning in its infancy in 1996 from three employees to nearly 100 at its peak. There have been growing pains, successes and lessons learned. The one thing that has been consistently evident, however, has been the passionate value added service our sales organization, support staff and management team have brought to our customers, vendors and business relationships. "As we celebrate the accomplishments of our first ten years," noted president, Fred Van Etten, "I want to thank all of our current and former employees who helped build PLUSA and create the solid foundation we now have.
"It is my vision that we will continue to build on the strengths we have created over the last ten years. However, like all successful companies, our products and services will be continuously updated and aligned to the ever changing competitive landscape. I am confident we will be able to meet our Shared Agreements in light of those our teams focused efforts." "I foresee an even brighter future for PLUSA as we transition from an independent company to one that closely collaborates with our parents, Banco Popular North America and Popular, Inc. We will utilize all available delivery channels for our services and leverage Banco Popular’s infrastructure to become more efficient in all areas of our operation.” Popular Leasing is recognized by the St. Louis Regional Chamber & Growth Association (RCGA) and St. Louis Commerce Magazine as one of fifty winners of the 2006 “Greater St. Louis Top 50 Businesses Shaping Our Future” for the second consecutive year. The coveted and prestigious honor puts the company in the ranks with the region’s leading manufacturing, technology, healthcare and financial services companies. Entrants in the competition were judged on the significance of how their employee growth, revenue growth, facility expansion, acquisitions, and community service positively impacted the St. Louis region. More than 100 leading companies applied for the award. For recognition, Popular Leasing will receive a spotlight in the December issue of the magazine with an editorial about its history and what distinguished them as a recipient. Popular Leasing president, Fred Van Etten, will be formally presented the prestigious award by the master of ceremonies at a gala dinner to be held December 14 at the Hyatt Regency St. Louis at Union Station. This award marks a significant milestone in the growth and success of Popular Leasing, its contributions to the local community and visibility as a leading employer in the region. About Popular Leasing: About Banco Popular: ### Press Release ########################### U.S. Bank Equipment Finance names Mark Gerlach Relationship http://www.leasingnews.org/items/USBank.gif GREENFIELD, N.H. — U.S. Bank Equipment Finance has named Mark Gerlach as relationship manager for its machine tool finance group. He covers the northeastern region of the United States from his base in New Hampshire. Gerlach has worked in the financial services industry for more than 20 years in various sales and sales management positions with The CIT Group, Combined Capital I, LLC, Microshare Technology Finance and Mellon US Leasing. He can be reached by phone at (603) 547-2270. “We are excited to have a well respected professional like Mark on board with the machine tool finance group. Mark has consistently proven himself as a high performer in the marketplace and we look forward to having him as a member of our team,” said Matt Morozovsky, regional vice president, and to whom Gerlach reports. U.S. Bank Equipment Finance, one of the largest bank-affiliated equipment finance companies in the nation, has been providing quality equipment finance solutions for 35 years. It’s a major funding source for companies in virtually every industry sector nationwide. The machine tool finance group offers manufacturers and vendors flexible and competitive lease financing for metal cutting, fabrication, plastics and woodworking equipment. Visit U.S. Bank Equipment Finance online at www.usbank.com/leasing. U.S. Bank Equipment Finance is part of U.S. Bancorp (NYSE: USB). With assets of $217 billion, U.S. Bancorp is the 6th largest financial holding company in the United States. The company operates 2,467 banking offices and 4,943 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at www.usbank.com. Sites of Reference: ### Press Release ###########################
News Briefs---- Boeing gets 29 new orders with list price of $5 billion ABN AMRO sets up China leasing business First Leasing Bank provides $100m investment chance Turkey: Islamic Finance Transactions in Turkey Sterling Bancorp Declares $0.19 Dividend on Common Shares Sandy Spring Bancorp Announces 4th Quarter Dividend CIT Opens New Office in Jacksonville, Florida GE Predicts 15% Gain in Sales From Developing Nations HP earnings surge, beating Wall Street estimates Washington Post will cut newsroom jobs Dell shares fall as company postpones Q3 earnings report AMD plans to cut 375 jobs, up to 50 in Silicon Valley Consumer Costs Decline for Second Month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 
