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Debbie Monosson of Boston Financial & Equity is
still
celebrating Boston's Win over the "D" Yankees.
Hooray for Debbie, a real fan, and let's hear
it for the Red Sox in the World Series!
|
About the Company: Lease Corporation of America is a well established, 16 year old, national equipment leasing company. |
Thursday,
October 21,2004
Headlines---
Classified-Leasing
Industry Attorneys
Pictures
from the Past---Peter Eaton Goes to Monterey
Van
Etten Hitting Home Runs at SilverMark Capital
The
History of UAEL---Part III
EDS/Vodafone
Introduce Global BlackBerry Service
GATX
Elects Brian Kenney as President of GATX
Phil
Smith Lakeland Bank’s Equip. Leasing Div. VP
Pacific
Capital Bank Equipment Leasing Division
Collection
Problems, Solutions at ELA Convention
McCue
Systems Welcomes National City Commercial Capital
CIT
Captures Top SBA Volume Lender Ranking 5th Year
CIT
Announces Quarterly Dividend 3rd Quarter
Baseball
Poem –The Curse of the Bambino
######## surrounding the article denotes it is a “press
release”
(The
above is a quote from his partner Mark McQuitty, when asked
if he thought Jim Raeder would ever reveal the culprit
who set him up with the New York Times and sent
defaming e-mails about their company to their funding
sources. Jim, if you have any complaints, see your
witty partner.
(A special thanks to Patrick Byrne of Balboa Capital
for being such a good sport in this running gag.
Under Mr. Byrne’s leadership
at Balboa, the positive changes
he has made at his company, including bringing back a sense
of humor, plus making serious changes, such as giving a
key position to Curt Lynse--- business has increased
over 25% and morale has never been higher. Thank
you again, Pat, for you good sense of humor. Odds are 1-to-10
business will continue to improve under your
company’s new leadership. Look out Marlin Leasing! editor)
-------------------------------------------------------------------------------
Classified-Leasing
Industry Attorneys
In an effort to increase
the number of attorneys who specialize
in equipment leasing,
Leasing News is removing the requirement
of belonging to a
leasing association.
In order to serve
the many readers who are seeking representation or small to medium size
lessors looking for geographic representation, we will now accept those
firms who qualify for specializing in equipment leasing.
Here are present
law firms for readers to contact:
California - statewide:
CA "ELA"
5-attorney creditors rights law firm, in biz 25 yrs +, specialize all aspects of creditor representation. Primarily represent equipment lessors & funders, plus collection and creditor rep. in bankruptcy.
Email: phemar@hemar.com
Website: www.hemar.com
California - statewide:
Encino, CA. "ELA"
24 Attorney AV-rated Law firm representing the Leasing Industry for over 25 Years. We specialize in Lease-enforcement, collection and representation in Bankruptcy Court.
Email: sjenkins@hemar-rousso.com
Website: www.hemar-rousso.com
Connecticut, Southern New England:
EVANS, FELDMAN & BOYER, LLC Collections, litigation, documentation, portfolio sales and financing, bankruptcy. We represent many of the national and local leasing companies doing business in this state. Past chairman EAEL legal committee. Competitive rates.
Email: rcfeldman@snet.net
EAEL
Law Firm - Service,
Dallas, TX. ELA
Mayer regularly practices
in leasing, secured financing, project development and finance and corporate
finance.
Email: dmayer@pattonboggs.com
Website: www.pattonboggs.com
Los Angeles, Statewide: CA. "ELA"
Aggressive creditors rights law firm specializing in equipment leasing handling collection matters on a contingency, fixed fee or hourly basis.
Email:
RGarwacki@prodigy.net
Los Angeles -statewide:
CA "ELA "
Practice limited to collections, bankruptcy and problem accounts resolution. Decades of experience. 10-lawyer firm dedicated to serving you. Call
Ronald Cohn, Esq.
(818)591-2121 or email.
Email: rrcohn@aol.com
National:
Full staff of attorneys and legal assistants work with Group Leader Barry S. Marks to ensure prompt, cost-effective responses to client needs:
Email: poetbarry@aol.com
Website: www.leaselawyer.com
National:
Coston & Lichtman:
Business attorneys serving the lease-finance industry since 1980. Transactional,
documentation, corporate; workouts, litigation, bankruptcy. Chicago
& Florida offices. Jim Coston, CLP (Members: ELA/UAEL/MAEL)
Email: Jcoston@costonlaw.com
Website: www.leaselawyer.com
Northern California - Statewide: CA "EAEL" "ELA"
San Francisco expertise at Marin County prices; practice limited to equipment leasing and finance with 22 years experience, testimonials.
Ken Greene, Esq.
Vox: 415 461 3777
Email: keng@kengreenelaw.com
Website: www.kengreenelaw.com
If you are interested
in posting a “free” listing,
please go here to place your information:
http://64.125.68.90/LeasingNews/PostingFormAttorney.htm
---------------------------------------------------------------------------
Pictures
from the Past---Peter Eaton Goes to Monterey
1991- "Peter
Eaton, CLP, First National Leasing Palo Alto, California, took his role
as Chairman of the Western Association of Equipment Lessor’s Crystal
Anniversary Conference in Monterey, California, to heart.
He is shown above catching a few waves—still sporting a tuxedo
jacket and bow tie.”
“Don’t get lost in
the New World of Leasing”
May 12-15,1994, Hyatt Regency, Monterey, California
No picture would
be complete with Peter on his motorcycle.
Missing from our collection, Peter as the horseman
(his
and his new love, golf. If you have one, send it and we will
print it, especially
|
Your One stop solution for training and reference material for the Leasing Professional
|
------------------------------------------------------------------------
Van
Etten Hitting Home Runs at SilverMark Capital
Pictures
from the Past
Featured
on Leasing News: 6/05/2003
---1997---
Fred Van Etten
http://two.leasingnews.org/imanges_uael_wael/Fred_Van_Etten.jpg
“The
man” in Houston, Texas. He recently
left Redstone Bank. News at Eleven.
The
group at First Sierra/Sierra Cities considered him the “best boss”
and
was very popular, according to his peers such as Charlie Lester, Mark
McQuitty, and whatever happened, Van Etten was well respected by
all
sides.
February
6,2002 about Mr. Van Etten:
http://www.leasingnews.org/Conscious-Top%20Stories/whateverFred.htm
Fred Van Etten, CEO
of SilverMark Capital, says they are doing very well in the small ticket
market, particularly in the short amount
He also says SilverMark
Capital, a division of Sterling Bank of Houston, Texas, will continue
to grow its lease portfolio by acquiring equipment leasing and loan
contracts through the end of the year.
“The leasing acquisition
program is designed to help address the capital and liquidity needs
of independent leasing companies, bank leasing operations, captive leasing
programs, and established lessors serving the small-ticket leasing market,
Van Etten said. “In addition, Rick
Anderson is doing a great job in acquiring leasing portfolio’s.”
Andersen, Chief Operating
Officer of SilverMark Capital, said that the division has closed a number
of acquisitions and is in various stages of completing several more.
“We are pleased to
see that interest in the program has been significant,” he added, wanting
leasing news to mention if
About SilverMark
Capital
SilverMark Capital is a division of Sterling Bank, which was named to FORTUNE Magazine's 2004 List of the 100 Best Companies to Work For in America. With assets of more than $3 billion, Sterling Bank operates 37 offices in Houston, Dallas, and San Antonio. The bank’s holding company is Sterling Bancshares, which trades its common stock through the NASDAQ National Market System under the symbol SBIB. For more information about SilverMark Capital and Sterling Bank,
please visit
___________________________________________________
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About the Company: Lease Corporation of America is a well established, 16 year old, national equipment leasing company. |
--------------------------------------------------------------------------
The
History of UAEL---Part III
by
Kit Menkin
|
Introducing |
 Dr. Raymond M. Williams, CAE |
ransitions
'93 
on
C. Bednerik, CAE, WAEL's executive vice president for the past four
years, packed up his sloop, "Persuasion," recently and sailed toward
the sunny Caribbean. Well, something like that. Actually, he moved to
another position as executive director of the Florida Pool & Spa Association,
headquarters in Sarasota, Florida.
Before Bednerik came aboard WAEL, the association had been run by MAS, a multi-association management form headed by Art Schwartz. In 1988, the WAEL Management Selection Task Force recommended Bednerick, a 20 year association executive for the job. Chosen form a filed of more than 400 candidates, he assumes his post on December 5, 1988, and left December 31, 1992.
According to WEAL President Gordon Roberts, "Jon was deeply committed to WAEL and contributed significantly to our growth as a mature, independent organization. We told Jon that we wanted to be member-driven, and he helped us learn how to do that, while also providing us with a strong, professional staff."
Last month, another extensive, national search was conducted by the 1998 WAEL Executive Committee, and Dr. Raymond M. Williams, CEA, was selected to replace Bednerik as WEAL's new executive vice president. He joined the WAEL staff in Oakland on January 4, 1993.
According to 1992 WAEL President Hal T. Horowitz,, CLP, "Ray's is a highly qualified association professional with a solid experience and excellent credentials. Ray's experience in chapter operation and trade show and convention planning will serve our organization well as we continue to grow nationally."
Williams, 50, brings 10 years of association management experience to WAEL, plus and additional five years' sales and marketing management experience in the private sector. He received his doctorate in education form Claremont Graduate School in 1979, having already received his master's in educational administration for California State University, Long Beach in 1972. Williams also holds a bachelor's in English/rhetoric. In short, he is smart guy. But he also has a sense of humor and laughs easily. When asked about a meaning of life he replied, "it's true, life is difficult, but it gets a lot easier if you don't take yourself too seriously."
Williams describes himself as "a people person who can get things done." And the proof, as they say, is in the pudding. He's authored several books on topics such as sales fundamentals, financial management, merchandising, credit and collection, management, and general business principles. While holding such positions as director of marketing and education for the National Association of Music Merchants (NAMM) and as executive vice president of the Associated Builders & Contractors, Inc. (ABC), he handled staff administration, sales, promotion, fund-raising, budget control, membership, recruitment and retention, government relations, group insurance, and record maintenance.
A Certified Association Executive (CAE), he also holds an ASAE Association Management Certificate from American Society of Association Executives, a Blanchard Management/Leadership Certificate, a Dale Carnegie Sales Management Certificate, and several teaching and education credentials.
In fact, a good deal of his career has focused on education. When asked what motivated him to move from education to association management (he was assistant high school principal of Los Angeles city school in the early seventies), Williams replied, "I still consider education an important part of my job. I don't think education necessarily has to happen in a classroom. Education is usually one of the mail reasons a person is to network and the two really go hand in hand. When you meet someone at a WAEL workshop or seminar, you have an opportunity to learn something form your presenters. You also have the opportunity to start conversations with people enrolled in the workshop. you might learn more from them than you do the presenter. Or, you might even close a deal."
His goal for '93?
"I'll be involved in making sure the Certified Lease Professional (CLP) program becomes an even more attractive certification, and I hope to encourage more people to take advantage of it. I am fortunate to have inherited a highly professional staff and a well-run office. My predecessor did an excellent job helping WEAL put itself 'on the map,' so to speak along the same path."
Regarding his style of management, Williams replied, " I try to encourage a participate rather than dictatorial workplace. Basically, nobody is more important that anybody else. With such a small office, we all need to help each other. We can't afford specialists--people who just do one thing.' In addition to Williams, the WEAL staff includes Sharon Ortiz, director of administration, Julie McLean Knight, ABC, director of publications, and Estarlita B. Green, administrative assistant.
So, what does he think of WAEL so far? "I am very encourage by the talent and support of my staff because it will be through them and our volunteers that WAEL's goals are reached. And, I've never seen such an enthusiastic and well-educated membership. WEAL members and its leadership are extremely proactive in meeting the challenges of the future. WAEL members generally want to give back something to their industry. My position as executive vice president is to help members nurture their industry grows and prospers right along with WAEL membership."
WAEL membership, unfortunately, dipped slightly in '92, along with the economy. How will Williams address membership recruitment and retention?
"The key to membership growth is to retain current members. If you can retain 90-95 percent of your members, you are going to grow. It's not just the leaderships volunteers who have to be committed to WAEL. Each member has to support WAEL and help it become more responsive to their own needs. I'll be encouraging their continuing support. They have to realize that joining WAEL not only helps them and their business, but it also helps them and their business, but it also helps the whole industry. The stronger we are in membership, the stronger our voice will be on legislative matters. WAEL is a home for small-to-medium-ticket equipment leasing professionals. I also plan to send hand written thank-yous to those folks who have rejoined. I want to remind members that this is their association. If we aren't meetings members' needs, then we aren't meeting members needs, then we aren't doing our job, and they need to let us know."
As far as membership recruitment goes, "That's really something every member can do. People listen to their competitors and their peers when it comes to joining a professional association. What I can do is help the WAEL leadership to develop an overall marketing plan and make sure the Association stays on curse."
WAEL's national growth is another thing Williams is looking forward to. "I'm very encouraged be the direction of the WAEL leadership is expanding to different regions in the U.S. I believe WAEL membership is a product that will be bought by leasing professionals from New York to Sacramento. I also feel good about the production of the CLP Home Study Course. It provides a great opportunity for many more leasing professionals to achieve the CLP designation."
His long-term goals?
Williams
concluded, "I look forward to a long and fulfilling career working with
commercial finance and equipment leasing professionals and helping to
established WAEL as one of the most prestigious and best trade associations
in the industry."
The 1995 Western
Association of Equipment Leasing Staff: (back row, left to right) Raymond
Williams, Ph.D.,CAE, 1995 President Jim Merrilees, Sharon Ortiz; Front
row, left to right) Estarlita Green, James Geluz, Loretta Lowe.
“1995 brings numerous
changes to the WAEL Staff. Executive VP Ray Williams, PH.D., CAE, has
earned a re-certification from the American Society of Association Executives.
Congratulations are
in order for Sharon Ortiz. She was recently promoted to VP of Operations.
This new positions puts her in charge of the day-to-day activities of
the office. Formerly Director of Administration, she has been with WAEL
for nearly five years.
“Additional congratulations
go to Loretta Law, WAEL's Meeting Planner. She earned her Certified
Meeting Planner (CMP), which is administered by Convention Liaison Counsel.
WAELOPOLY: Ken Greene
to the Rescue
“ I am not certain where Barry Dubin was involved though I recall
that he was, perhaps as a Board member at the time.
“I remember receiving a frantic phone call from Ray Williams.
He had been contacted by counsel for Parker Brothers, which makes
Monopoly. The company had somehow
obtained a copy of Waelopoly. Ray had created
the board game as a conference souvenir, in connection with the
conference theme.
Ray had made all kinds of plans. I think that Jim Lahti was going
to be Mr. MoneyBags, if I remember
the name of the principal character correctly, and the conference was
essentially based on the game theme.
“Parker Brothers
was not happy with us. They contended
that WAEL was infringing on their copyright, and threatened to
bring suit in federal court back east, seeking an injunction and treble
damages for copyright and trademark infringement, and attorneys' fees.
“I contacted their
counsel, who demanded that we stop
distribution of the game, and anything else with relating to
it, and that we change the theme of the conference.
“We settled. We agreed
to stop production and/or distribution of the board game and to send
all outstanding copies to be destroyed by the company.
“We agreed not to
use any characters. I think in the end Parker Brothers agreed we could use the game as the conference theme,
but could not directly use any characters names or likenesses. No money
changed hands. They did not get their $200, as we did not pass go. At
least we did not go directly to jail.
I don't recall exactly how this played out, as it was
some time ago, and I am undoubtedly getting senile.
“If any has a different
recollection, I would love to hear from them, as it was quite and adventure.”
Ken Greene
Law Offices of Kenneth C. Greene
938 B Street
San Rafael, CA 94901
---
“Hi Kit, Great to
hear from you! To attempt clarification. Barry Dubin was on the Board
at the time. As such, he was the appropriate person to sanction the
"Waelopoly" theme.
“ Actually, at the
beginning, Barry was very involved, spending a full Saturday w/ the
WAEL staff helping to assemble several thousand packages.
“ It was later when
we received the ‘cease and desist’ order that Ken generously agreed
to help ( pro bono) and eventually saved our
bacon. Ken is very accurate in his recollections, except on one
point- it was the Hasbro Co. which was up in arms.
“As an aside, I'd
like to say that Ken was typically unselfish w/ his time and efforts.
Without his expertise, WAEL definitely would've experienced a significant
loss.
“Once again, thank
you, Master Greene, for help above and beyond the call of duty in a
most noble and memorable adventure!”
Whoelsebut,
Ray
Tallest person, Ken Greene, Esq-Ken Green and Associations, 2000 United Association of Equipment Leasing (UAEL) Spring Conference Chairman---In front of him, left to right:
Alan Collier, TotalFunding.com, Trish Williams and UAEL Executive Vice-President
Dr. Ray Williams.
What followed were
years of growth, including the expansion
of the organization
into a national effort, growing to equal
representation on
both the East and West Coast, strong
regional representation
and involvement, actually changing
the name and creating
a logo to become the United Association
of Equipment Leasing. They key thrust was education, as evidenced
by the March/April
1996 UAEL Newsline (edited both
for
space, but also CLP
functions, once under this committee,
grew to becoming
independent supported by other leasing
associations: www.clpfoundation.org )
(((((((((((((
“Just over three
years ago, the Education Committee seemed to have ceased activity. Now,
under the leadership of Chair Robert Teichman, CLP, it’s become a healthy,
dynamic force for the association. For Teichman, providing lease education
has become …”
March/April 1996 UAEL Newsline
The Heart of the
Matter
UAEL was formed with a very clear purpose. The Association pledges
to "provide and promote programs which enhance business opportunities" for
its members. And at the heart of this pledge is the Education Committee.
"The Association
exists to provide education," Robert Teichman,
CLP, Education Committee Chair, said.
Off-Again, On-Again
But the Education Committee's
activity wasn't always so well-defined. Indeed, as recently
as 1993, the Education Committee had no activity at
all. "The committee pretty much dissolved in 1993," Teichman, Senior VP, Belvedere
Equipment Finance Corporation, recalled.
With Teichman's appointment, however,
the Education Committee enjoyed a revival. Teichman performed this resuscitation
by providing the committee with a direction. "The Education
Committee functions as a clearinghouse for ideas, taking suggestions from our members
and turning them into programs,"
Teichman explained, detailing his organizational operation. In addition,
the committee became responsible for administering the CLP program,
following a directive from the Board of Directors.
Creating a Higher Standard
This new-found direction has translated into high levels
of energy and success for the association's
educational body. Having developed
programs gathered by the "clearinghouse of ideas," the Education Committee
can offer UAEL's regions any of 21 different programs. Teichman
points out that the programs
fall into three distinct categories.
At the end of 1994, there were 34 CLP designates, representing the 10 years the pro-gram had existed. Since then, that number has grown to 52, adding 18 new designates in just over a year. "The certification program is something I'm particularly proud of, "
Teichman beamed.
In addition, the committee published
The Leasing Professionals' Handbook,
a comprehensive text detailing
leasing practice.
Looking to the future,
he sees the Education Committee staying at the forefront of UAEL activity.
Not only has education become a primary function of the association, it also plays a major role in improving the industry itself. "The
committee will play an important role as long as there is a need for continuing education and certification."
---
Perhaps explaining
the change from WAEL to UAEL is best from this
written by then President
Jim Merrilees in the Summer, 1995 UAEL
Newsline:
Setting the Course
Our 20th year has brought a number of changes
- a name change, growing membership diversity increased activity. But many have wondered how this changes UAEL's direction.
UAEL President Jim Merrilees shows us the way.
By now, you have no doubt heard about our name change from WAEL, which had stood for Western Association of Equipment Lessors, to UAEL, the United Association of Equipment Leasing. By just looking at the two names, it's readily apparent that UAEL better represents our members. We have nationwide membership, not just "western." Our members include brokers, lessors, funders, and suppliers. I believe that, in our 20th year, it is no accident that our members gave us the approval to address such an important issue - an issue that has been discussed for a long time. But, having approved the new name, many members have had questions: "What is the meaning of this change? Does this change the direction of the association?" In this column, I want to relate to you my thoughts, in addition to the Board of Directors ideas, on our name change and what effect it has, if any, on the direction of UAEL. These thoughts will be expressed in more detail in the Fall Edition
of Newsline
The most evident sign of change is the
Board's approval of the Task Force's recomendation
to give full membership rights to what were our "Associate Members."
The category; now called Services Members,
will allow every UAEL member
to participate with votes. Final approval
of this proposal will be determined by the members at the Annual Conference.
Much of your association's
energy will he spent on going further in the
direction we have al-ready set. I believe we must up-hold the tradition
of providing members with valuable educational
resources at various levels. We
will expand seminars for every member. Programs will be offered
that "keep things interesting" for our experienced members. Conversely; we will offer entry-level leasing skills presentations for our members who just entered
the industry. By offering this
variety; we can embrace new members from all over the country But, in order to achieve this, our regions must remain active and strong.
Several years ago,
the Board of Directors faced a tough decision: should we let the regions
take on more responsibility or not? As with any decision, the hoard was split: sonic were for "decentralizing" and letting
the regions have more control; others were for asserting more
"centralized" control.
Decentralizing won out. And it looks
like we made the right decision.
Today; the regions have proven to he the foundation of strength
of our association, with superb assistance from the UAEL
staff. This focus on regional activity-
has set our course - our direction - for the future.
So far, going in
this direction has paid off. Our staff is second-to-none. We have more regions,
regional meetings, and quality local events than ever before. Our membership
is the most diverse it has ever been. Our conferences are highly regarded
by the leasing industry. Leadership - your Board of Directors - is energetic,
vocal, and truly caring. An exciting sign of the times is younger members
asking me how they can get involved. After reading these signs, I feel truly optimistic about our direction together as
leasing professionals.
Jim Merrilees
October 3,2000, Leasing
News:
" Whoelse, but...is
Gone"
“Raymond M. Williams,
Ph.D. CAE, president of the Northern California Chapter of the American
Society of Association Executives, and for eight years executive vice-president
of UAEL, was terminated by the Board of Directors of the United Association
of Equipment Leasing. He was reportedly asked to resign, but took the
matter to the full board. He thought he had the votes, but did not.
“Previous presidents
were not surprised, but did not want to go on the record although they
did tell me about their term, off the record, and current issues may
concern the costs of two conferences this year, alleged lack of control,
no membership 2000 directory, and a host of issues that now may be considered
innuendo. Dr. Williams did serve for almost eight years, following Jon
Bednerik, CAE. He was very popular among the membership.
“There is speculation
on Dr. Williams' replacement, but with Joan Dalton and Cindy Sprudle
in place, it is perceived management appears to be well under control.
It may be ironic to some that Dr. Williams hired Cindy Spurdle, former
National Association of Equipment Leasing Broker Executive Director,
and she now is "temporarily" helping direct the organization
along with Joan Dalton. Estarlita Green, administrative assistant for
eleven years, left the association last month to continue her gift basket
business, she told me. Stay tuned, as there will be more changes here.”
“The departure came
hot and heavy:
“from Hal T. Horowitz,
Past President:
“It seems to me that
somewhere back around 1989 or 1990 WAEL put
together a long-overdue
strategic planning session. This was chaired by past president Bob Jacobson
and among its committee members were Bill Grohe, Jim Swander, myself
and with apologies to those whom I cannot remember, a handful of others.
There were several meetings of this committee which ultimately presented
a wide range of recommendations to the Board for long term growth of
the Association, among which included becoming a national
“I believe Ray was
hired in 1993. It was, if I recall correctly, at the 1991 planning meeting,
when I was vice president under Bill Grohe, that we were kicking around
name changes (one of the suggested of which was World Association of
Finance and Leasing (WAFL) or something like that). Obviously, that
one was rejected.
“You can check with
Bill Grohe, Gordon Roberts and a few others, but I'm relatively sure
you will find that the ultimate decision to become a
“Bob Rodi's comment
that Ray Williams wanted to be Mike Fleming when he grew up is inappropriate.
The Ray I and others were involved in hiring was charged with providing
an administration, not a leadership. During the time I knew him, be
became passionate about the Association and the friendships he made
and only wanted to see it prosper and do well. Whatever Ray's "concept
for growth" may have led to, the "misdirected and ineffective"
leadership was ours, not his. Ray was an employee, not a leasing professional
and he always admitted that, at least when I knew him and was involved.”
Hal T. Horowitz
Past President”
In the end, a settlement
was made with one of the conditions
by the board to not
reveal the terms of the “golden parachute.”
Dr. Williams accepted
the departure gracefully. The membership
did not. There is no doubt he was extremely popular with
the membership, traveling
to many regional meetings, always
available for a problem
from a member, and if he had one
problem, to quote
him directly,“ too much on my plate.”
His main fault: He
was a workaholic. He always tried to please everybody.
Ray, as president
of the Northern California Chapter of the American Society of Association
Executives reportedly found employment quite easily, and wished the
best to his friends:
“I am very proud
of what was accomplished at WAEL/UAEL during my tenure. Enhancement
of publications, the CLP handbook, the CLP academy, national expansion,
jointly sponsored conferences and the regional funding symposiums: these
were all accomplished by a visionary leadership -- the best that I have
ever had the privilege of working for and with.
“WAEL/UAEL's leaders
were some of the best minds in the industry. Most of these people are
still there and they still have the best interests of the industry at
heart. Because of them, UAEL. will survive and prosper.
“Thank you for the
opportunity to give credit where it is surely due. “
Whoelsebut,
Ray
Tomorrow----Part IV
------------------------------------------------------------------------
EDS
and Vodafone Introduce Global BlackBerry Service
Bank Technology News
EDS and Vodafone
announced a large-scale global deployment of a mobility service with
the launch of a managed BlackBerry service for ABN Amro Bank of the
Netherlands. EDS says such a global deployment is unprecedented. The
service connects individuals for “anytime anywhere” communications.
It provides access to email, calendars, contacts, task lists, corporate
intranet and the Internet. The solution allows workers to take advantage
of downtime and have more control over how they work, EDS says. In the
ABN Amro pilot, employees worked via their wireless devices an average
of 48 minutes each working day and 40 minutes on weekends.
### Press Release
########################
GATX Board of Directors Elects Brian Kenney as
President
of GATX Corporation
CHICAGO----GATX Corporation announced that its Board of Directors has elected Brian A. Kenney as president of GATX Corporation. Mr. Kenney was also elected to the GATX
Board of Directors.
Mr. Kenney, 45 years old, was most recently the chief financial officer
and a senior vice president of GATX Corporation.
The Board also announced
that it expects that Mr. Kenney will be appointed chief executive officer
of GATX Corporation in conjunction with the Company's annual shareholders
meeting in April, 2005.
Ronald H. Zech, 61
years old, will continue as chief executive officer until that time
and will continue as chairman of the board until his planned retirement
in October, 2005.
Mr. Zech stated,
"The election of Brian Kenney as president reflects the board's
commitment to ensuring a smooth and effective management succession
at GATX. The board reviews succession plans and alternatives on an ongoing
basis, and Brian's appointment is the result of this thorough process.
Since joining the company in 1995, Brian has distinguished himself as
a strong leader in all aspects of our operations. He couples financial
expertise with a deep understanding of our core businesses, strategic
initiatives, opportunities and challenges. Brian was integral to our
success in managing through the recent economic downturn, and the strategic
clarity and decisiveness that he displayed during that period will continue
to serve GATX shareholders well as he assumes this leadership role."
Mr. Kenney will retain
responsibility for financial functions for an interim period until his
successor as chief financial officer is selected.
Mr. Kenney joined GATX Corporation in 1995 as Treasurer, was promoted to vice president of finance in 1998, to chief financial officer in 1999, and to senior vice president in 2002. Prior to joining GATX, Mr. Kenney was a managing director, corporate finance and banking with AMR Corporation, which he joined in 1990. Prior to that, he held management positions with United Airlines and Morton International, Inc. Mr. Kenney received his BBA from the University of Notre Dame in 1981, and his MBA in finance from the University of Michigan
in 1983.
COMPANY DESCRIPTION
GATX Corporation
(NYSE:GMT) is a specialized finance and leasing company combining asset
knowledge and services, structuring expertise, partnering, and capital
to provide business solutions to customers and partners worldwide. GATX
specializes in railcar, locomotive, and aircraft operating leasing.
Investor, corporate,
financial, historical financial, photographic and news release information
may be found at www.gatx.com.
### Press Release
#######################
Phil Smith to join Lakeland Bank’s Equipment
Leasing
Division as Vice President.
On
Monday October 25th, Phil Smith will join the staff of Lakeland Bank’s
Equipment Leasing Division. Phil will be a Vice President and involved
in the general management of the division including credit, operations,
and third-party relations.
Phil
brings with him over thirty years experience in the leasing industry.
He has an extensive background in credit, collections, documentation,
operations and sales. Mr. Smith’s work history encompasses many years
in banking in the third-party side of the business as well as many years
in the direct side of the business working for various leasing companies.
Phil
understands both collateral and non-collateralized financial statement
transactions and has extensive experience in ‘application-only’ business
as well. He will continue our commitment to provide fast and consistent
service, competitive pricing and flexibility in structuring programs
to meet the needs of our account base.
Please join me in
welcoming Phil to our organization.
Steve Schachtel
President
Stephen Schachtel
President, Lakeland
Bank Equipment Leasing Division
Mr. Schachtel joined
Lakeland Bank in April 2000 as President, Lakeland Bank Equipment Leasing
Division. Previously, Steve was the founder and President of NIA Leasing
Co., a nationwide equipment leasing company.
#### Press Release
#######################
Santa
Barbara Bank & Trust
Equipment
Leasing Division
Announces
New Brand Name
(Kit - Please see
attached Press Release. I want to reiterate that this
is merely a name change to reflect our national bank cha