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About the Company: Lease Corporation of America is a well established, 16 year old, national equipment leasing company. |
Tuesday,
September 28,2004
Headlines---
Classified
Ads--- Asset Management
Should
Raeder Reveal the Name or Not?
Goller
Joins Huntington Equipment Finance
AIG
Launches IntelliRisk NetSource-R- 6.0
GE
Rail Services Track Record of Success
Hendershot
Appointed to Lakeland Board
Fitch
Issues Presale CIT Equipment Collateral
Fitch
Upgrades U.S. Bancorp's Ratings; Outlook Stable
######## surrounding the article denotes it is a “press
release”
-------------------------------------------------------------------------------
Classified
Ads--- Asset Management
Austin, TX.
20+ years exper. lease/finance. P & L responsibility, strong credit & collection management, re- marketing& accounting. Computers, construction, auto & transportation. Both commercial/ consumer portfolios.
Email: kmalone@austin.rr.com
Bloomfield Township,
MI.
15+ yrs experience
asset management and credit analyst.
Leadership and training skills. Audited returns, max residual,
lease end
E-mail: cmcozzolino@msn.com
Chicago, IL.
MBA, 15+ years exp. Long history of success in maximizing residual position through outstanding negotiation skills & lease contract management. Third party re-marketing, forecasting etc...
Email: jgambla@aol.com
Oxnard-Hollywood
Beach, CA.
19 Years w/Equity
Analysis/Placement and Residual Forecasting of Computer Assets. Portfolio
Manager for Two Major Lessors and Strong Analyst Background w/Leading
Information Services Firm.
Email: GregoryMLorenz@aol.com
Princeton, NJ.
Asset management/credit/collection
20+ years experience in equipment financing. Last five years in Asset Management including remarketing, end of lease negotiations, equipment and market evaluations
E-mail: bgaffrey@earthlink.net
full listing of all “job wanted” ads at:
http://64.125.68.90/LeasingNews/JobPostings.htm
Post your “free” job wanted ad by going to:
http://64.125.68.90/LeasingNews/PostingForm.asp
------------------------------------------------
Economic
Events This Week
Today
27 September
Consumer Confidence:
September
Thursday
29 September
Personal Income:
August
Weekly Jobless Claims
Friday
30 September
Construction Spending:
August
The
Gazelle Is Back!!!
Thomas
J. Depping Drinking Coca Cola in his Sierra Cities office
Registered for the
October 27th Equipment Leasing Association Conference in
Palm Desert, California:
Mr. Thomas J. Depping MAIN STREET INVESTMENT PARTNERS
Mr. Robert H. Quinn, Jr. MAIN STREET INVESTMENT PARTNERS
Quinn was Depping’s
right hand man as they built up Sierra Cities which was eventually sold
to American Express.
Thomas
J. Depping Looking at Houston from his Sierra Cities office
In the Leasing News
article:
“On the block with
a hoped sale date before October 1, 2000, this company joined Leasing
News "list" due to its Second Quarter loss and the many rumors
from reliable sources that the company is about to be sold. Chairman
Tom Depping has told his employees there will be an announcement before
September 30th.
“Reportedly the man
who originated the First Sierra concept was Bob Quinn, not Tom Depping.
Bob Quinn approached Tom Depping in 1993 after Denrich was purchased
by ATT Capital in December, 1992. Bob did not feel ATT was dedicated
to their Private Label Program so he approached Tom Depping as an old
friend and business acquaintance about forming a new company to do nothing
but Private Label.
(allowing another
to use their name on your contract along with
other “privileges.”)
“From that meeting
in 1993 to April 1994, Tom Depping sold some movers and shakers in Houston to raise the capital to start First Sierra.
When Bob Quinn left ATT in May, 1994, he and Tom along with Fred Van
Etten, Pete Smith and Sandy Ho actually began the operations at First
Sierra.
" ‘SierraCities.com (NASDAQ:BTOB) has harnessed
the power of the Internet to create a totally new way for small business
owners to get the funding they need. The leader in online banking and
financing, we've automated the funding process to offer quick and convenient
access to loans, leases, and a full range of comprehensive banking services.
Since 1994, SierraCities.com has funded over $2.5 billion in small business
loans.’"
The above quote was
from their web site. For the full story about Thomas J. Depping and
Sierra Cities, please go to:
http://www.leasingnews.org/articles.doc/newsletter3.htm
For the full story
of the $20 million law suit against RW Professional
Leasing and their
role with Sierra Cities, the private label debacle,
“Take the Money and
Run,” please go here:
http://www.leasingnews.org/Conscious-Top%20Stories/moneyandrun1.htm
(parts II, III, and the up-date are included )
Thomas
J. Depping at his Sierra Cities office in Houston
Gazelle---that is
the word he used to describe himself in
his letter of resignation
to employees ( that he was going
out like a Gazelle.
He told the parable, which is on several
motivational posters, about the lion and the gazelle both
co-existing in the same jungle, and how each start each
morning running,
either to eat or avoid being eaten.
Should Raeder Reveal the Name or Not?
Leasing News asked
readers to give us their opinion as to whether Jim Raeder should reveal
the name of the culprit, and his company, who sent several derogatory
e-mails to CapitalWerks funders , leasing associations, leasing “on
line newspapers,” various print newspapers, and leasing leaders.
Due to technical
difficulties, we are making the questionnaire available
again. You may only vote once, and this form does
not allow a second
vote. Several people did not understand this. Others said they had
trouble with the
form.
Leasing News received
over 400 responses to date, many with comments.
For those that did
not receive the story or are unfamiliar:
http://www.leasingnews.org/#should
Leasing News also
printed Mr. Raeder’s biography:
http://www.leasingnews.org/articles.doc/Raeder_bio.htm
Both Jim Raeder and
Mark McQuitty sold their company
to Sierra Cities,
and their story about what happened
to them is in this
article written by Mr. McQuitty:
http://www.leasingnews.org/articles.doc/newsletterMcQuitty.htm
This image will open
up the Questionnaire form. If
you have voted, it
will not open. It will recognize
your e-mail address.
 |
Classified Ads---Help ‘Wanted
Brokers
|
About the company: SCL has been in business for 12 years. We are contracted with multiple funding sources which enables us to provide more competitive rates and flexible terms and conditions. |
Funding/Loan Processor
|
CFO / Leasing Sales Leader
|
Dealer Credit Finance Analyst / Dealer Credit Finance Services Supervisor
|
Dealer Credit Fin. Services Supervisor, Torrance, CA. Click here for full descrip. & to apply. To learn more about us, please visit: www.toyotafinancial.com/careers |
Vendor Account Executive
|
About the Company: Lease Corporation of America is a well established, 16 year old, national equipment leasing company. |
-------------------------------------------------------------------------------
Letters---We get eMail
(Comments that do not include a legitimate
e-mail address or
“The culprit, I'm sure you know who it
is and I know who it is deserves to be exposed. That piece of trash
has ruined my book of business and has allowed other brokers to use
slime ball tactics against me to win deals. I average $30-40K a month
and because of this idiot I have dropped to 60% of those numbers. I
know hate is a strong word, but I have never hated someone so much in
my entire life. I have friends that hate ******** for ripping them off,
but for what this coward did I will have no remorse for him when his
company is out of business. I work 12-14 hours a day Kit and feels almost
useless working at times because of what's gone on. Please do not post
my name because Jim and Mark would probably get mad.”
--
“I hope Jim agrees to making the name public.
I like the cartoon that you made last week. Do you think people can now figure out who it is? If Jim agrees
to announce the culprit, what do you think it will do for this company. The guy is a paranoid freak anyways. I know
a person that works there and the guy is just going nuts right now.”
---
“I wish we as employees could start a class
action lawsuit against the guy and his company.”
--
“I very much enjoy reading your articles.
I've been reading them since I worked at *****.
I can personally tell you that working for Mark and Jim has been
a pleasure. They are the 2 best bosses I have ever had, especially Mark.
They like people who work hard and they reward them for their hard work.
I am probably the #2 guy in the company, but the #1 hardest working
guy in the industry. As you can see I am in here early pounding the
cold calls out hoping that I don't run into those ******** brokers that
are using the past emails as a tool to win deals.”
---------
Nigerian E-mail:
“We just got our 3rd Nigerian Letter today!
We
are having similar problems with the SPAM filters, Anti-Virus and Firewall
Software. I was advised by America On Line that it would be a "good
idea" to have someone spend "several hours a day" updating
the anti-spam, anti-viral, firewall and anti-spyware software!"
“
If it continues, we may have to "do without" and return to
the pre-PC and pre-Internet way of doing business!”
Sincerely,
Joseph leslie
President
FCI Financial Services, Inc.
(We just migrated to our third server,
this time a Unix service,
where they will keep us more up-to-date.
More expensive in
cash, but not in our time in trying to
combat all the e-mail,
spoofing, and hacking problems.editor)
--
“It was interesting to read your leasing
news this morning in which you wrote about all those e-mail scams that
we receive. Here is one that I received from an employee of Great Basin
Bank of Nevada, Elko, NV. When I received it I called the security department
at Great Basin Bank and told them about it. They asked me to forward
the e-mail to them, which I did, claiming that they did not have an
employee by the name mentioned in the message and that they were going
to turn it over to the FBI. I don't know if they did turn it over as
I have not heard from them since. Since all of the previous scam messages
that I have received were supposedly initiated in a foreign country,
I was surprised to see one with a US origination and to actually name
an existing US bank.”
Fred Anderson
-----Original Message-----
Subject: PARTNERSHIP!!!
Fax: 1-800-379-0240 (Direct) Email: treasurydivision@bankofnevada.net
Dear Friend, This letter may come to you as a surprise because we have
not met but was borne out of my sincere desire to establish a business/mutual
relationship with you. I got your contact through the International
Trade and Commerce Chamber (ITCC) in Nevada. I am Mr. Athur F. Price,
the Director of Treasury, Great Basin Bank of Nevada,Elko - Nevada.
We are a highly reputable bank with years of outstanding service.
To be explicit and straight to the point. Sometime in 1997, a customer
of ours deposited the sum of $12,500,000 (Twelve Million, Five Hundred
Thousand US Dollars) in our bank as safe deposit and since then our
customer has failed to come forward to claim his money, which has accumulated
a considerable amount of interest. Consequently, in our bid to contact
this customer to discuss the position of the deposit, we discovered
that the customer was one of the victims of the Pan Carribean Airline
disaster of 2000 in Hawaii.
Since the death of our client who happened
to be an expatriate from France (he worked for Consolidated Oil Inc,
Nevada) none of his benefactors has come forward to claim the money.
This means that none of his relatives or aids had any knowledge of this
money. I also found out from enquiries that our late client siphoned
a lot of money from Consolidated Oil, which led to the liquidation and
eventual sale of the company. It is my conviction that the money in
our bank is part of the money that our customer siphoned, and now that
he is dead there is no trace to it. By the virtue of my office, I stumbled
on this goldmine and decided to keep it for my retirement. I am now
soliciting your unreserved assistance to assist me in transferring this
money into your account anywhere in the world for immediate investment.
In the course of this transaction, you will be required to act as the
benefactor or a relative of the dead depositor. I will furnish you with
all necessary information that will be required from you by our bank.
As a serving senior bank officer, I am not permitted to run a private
business enterprise or maintain a foreign bank account. You will be
entitled to a considerable percentage of the money after transfer and
20% of the investment profit. If you are honest, trustworthy, capable
of investing this huge amount of money and interested in the above proposal,
contact me immediately through the numbers indicated above for more
details.
For my safety, you must maintain absolute
confidentiality to ensure success. Please, indicate your personal Tel./Fax
nos. when replying. Yours Faithfully, Mr. Athur F. Price PLS. NOTE THAT
THIS MESSAGE IS NOT A SCAM. YOU MAY DISREGARD IT IF YOU WISH BUT HELPS
TO ACKNOWLEDGE THE RECEIPT. THANKS FOR YOUR UNDERSTANDING
(The gimmick is when you open a bank account,
you will need to
put sufficient money in it to make the
transfer not so obvious...editor)
--
“Kit, you did a great job collecting the examples listed on your website on Nigerian type e-mail,
but to become a true master of the craft you need
to attend their convention:”
http://j-walk.com/other/conf/index.htm
Larry Sherman
--
“Just wanted to update you on the happenings
of A.E.L.A.
We just started our 2nd year with a successful
mixer held at the Radisson Hotel in Phoenix. It was attended by approx. 20 members and non
member, newbie's and long experienced, funders and brokers. Most in attendance were from AZ, but we did
have attendees from NY, TX and Calif. It allowed us to find out what
is happening in our industry, on the local and national level.
“Thank you for your support!”
Bernice Truszkowski
"your equipment finance specialist"
P.O. Box 985
Scottsdale, AZ 85252-0985
480 949 0710
480 949 7012 FAX
efl1@prodigy.net
480-949-0710
--
“The Hurricanes have come and gone and
I'm thankful and relieved to inform you that my family and my home are
safe and sound. My office however,
was not quite so lucky with Hurricane
Frances. AMSTAT'S roof did not survive and because of it we sustained extensive
water damage. Fortunately we
removed our computers and most of our files (the rest were in water
proof cabinets) before we evacuated, making the job of opening a temporary
office so much easier.
“I am hoping to back at the office sooner
than later but in the mean time here is my contact information:
“Phone:
321-452-4459
Cell: 321-480-9159
Fax: 321-452-7715
email: ljennings@amstatcapital.com
“Thank you for your patience and understanding
and I hope this will not cause you too much of an inconvenience.
“Take care,”
Louise Jennings
AMSTAT Capital
--
“We leased an Elephant
in 1984, it cost $84,000, 20 yrs of inflation
has really raised their prices. We also thought that 3 points then was
a
great commission!”
Leo Timmerman
Timmerman Leasing Inc
--
“In regards to Norvergence, Steve Nardi
of Ramsgate makes the point that our lessees are businesses engaged
in commerce and not subject to consumer protection laws. While this
may be true in fact there is a difference between what is law and what
is justice. In the small ticket arena most of our lessess
are basically consumers who happen to own small businesses. The leases they sign are boilerplate documents
written in favor of the lessors and not subject to negotiation. I'm not saying that's bad, Lessors need protection
from default, fraud, etc., and yet in a situation like Norvergence where
clearly the lessee's have been defrauded (and it appears that all or
most of the lessor's have also been defrauded), if we say to all of
the 11,000 lessee's that it is your fault for signing that lease document
then they and all of their supporters will rise up and impose legislation
on the leasing industry to make sure these small businesses have increased
protection in the future. Is
that what we really want?
“While there will only be pain in the Norvergence
resolution, perhaps the major lease associations might consider involving
themselves in trying to find a negotiated settlement that is fair to
both lessees and lessors. The
alternative is we let the lawyers and the courts dictate events that
could change the landscape for all of us.”
Joe Schmitz, CLP
F.I.T. Leasing
--
“I found out the correct name for the magic
funding source. It is Delphi! Delphi is located in the Chicago suburbs
and the credit application consists of the applicant's name, address
and social security number! There is a 15 minute turn around!”
Sincerely,
( name with held )
( Rockford in the old days would take such
an application on the medical profession and approve deals. In reality, if the consumer credit is very
good, many industrial companies have finance arms that will approve
in such a manner. There is a trend for brokers to set
themselves up as “dealers” in order to
obtain access to these
funding sources.
There is a Delphi automotive company: Delphi Automotive Systems- spun
off by General Motors last February, Delphi
Financial, a Delphi Islamic bank group, a large Swedish company seeming
to specialize in aircraft leasing, plus other European finance, and
Delphi Capital Corp., Chicago, Ill.: (773) 248-8875. editor.)
--
“I have a question - When the truth comes
out about what really went on at Norvergence and Robert Fine is found
not to have known what the owners of the company were doing - Will you
post an apology in your newsletter??????????
“I really don't know where some of your
information comes from but you should do some research because Mr. Fine
was not a Corporate officer or a Boss in any way. He actually did have
a Boss and I find it very funny that his name is never mentioned .”
(name
with held )
(Leasing News made no accusations. We quoted attorneys, other newspapers,
and listserve ex-employees on several
list serves. When we quoted them, we attributed the quote
to the party who
made them.
(April 26,2004 Robert
C. Arnold was named CFO for Norvergence Capital, a wholly owned financial
services subsidiary of Norvergence Inc; Chief Operating Officer Alexander
L. Wolf. Whether Mr. Fine
was the president
or not, he was involved directly with the financing
as per NorVergence
press releases and advertisements, such as:
http://www.elaonline.com/news/MembersOnly/IndNewsWkly/012104.htm
(In an October 16,2003
e-mail, Mr. Fine stated in an e-mail to Leasing News, which we printed:
"“On a personal note, I can assure you
that my twenty-seven years of experience in the equipment leasing industry,
primarily working for commercial banks have impressed upon me the need
to know the people with whom you are conducting business. Norvergence
is an exciting and fast-paced company and I am very happy to be a part
of this organization and look forward to its bright future."
(The Norvergence
web site is no longer up; however, links show he was "president
with full profit and loss responsibility.”http://www.t1matrix.com/rentals.htm
(The Norvergence
press release, printed in Leasing News on June 2,2003:
(“NORVERGENCE is
pleased to announce that Robert J. Fine has been named as Director of
Bank Relations. In his new role Mr. Fine will be responsible for managing
all aspects of the company’s non-recourse, third-party relationships
as well as developing new funding relationships."”
(Perhaps as important,
for the last year and a half, I have personally communicated directly with
him by telephone and by e-mail and through the NorVergence public relations
persons regarding various complaints about service, the equipment, and
what was going on. He denied what readers were saying about the
value of the equipment or the separate service agreements on many occasions.
He had made
Leasing News very
unpopular with his friends and associates because
we were asking questions,
printing what readers were telling us. He was the key point man in the
NorVergence private label program.
(As the bankruptcy
hearing proceeds, perhaps by the first of the year, many of these things
will be further documented in court papers available to the public.
Attorneys have been trying to serve him, but two have told me they have
not located to serve him personally.
They believe he is
also "personally" responsible as well as a "corporate
officer."
(If you have any
information that you could pass along, I will gladly look into it. We look forward to any comment Mr. Fine would
like
to make to Leasing
News or any apology readers may want to
make to him because
he did not know what was going on
at NorVergence or
NorVergence Capital. editor.)
from October 9,2003 Leasing News
Robert J. Fine
#### Press Release ########################
HUNTINGTON EQUIPMENT FINANCE NAMES GOLLER
TO SALES FORCE
Indianapolis, Indiana – Huntington Equipment
Finance, a division of Huntington National Bank that provides both tax
and non-tax financing solutions for company’s purchasing capital equipment,
has appointed Daniel Goller as Vice President of sales for Indiana Region.
In his new capacity, Goller will focus on understanding our client’s
business, structuring the right financial solution to meet their needs
and delivering superior customer service.
“Successful growth in the Equipment Finance
business line at Huntington, combined with the strong and continuing
commitment of Huntington Bank to its local markets, created a need for
local representation across our footprint,” said Rob Allanson, Huntington’s
Equipment Finance Division President. “We are very pleased to have added
such a capable, experienced and talented individual to our team.”
Prior to joining Huntington, Goller served
as a vice-president at Key Equipment Finance of Indianapolis, IN, where
he was responsible for new business development and marketing. Daniel
Goller earned his bachelor’s degree in business administration and finance
from Indiana University.
Huntington Equipment Finance, which began
operation in late 2001, provides a strategic opportunity for Huntington
to add value to its business clients and equipment vendors who have
both large and small financing needs. The team offers financing solutions
for assets that include construction, manufacturing, metal working,
printing and technology equipment as well as railcars, marine transportation
and corporate aircraft.
About Huntington
The Huntington National Bank is the principal
subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN), a $30
billion regional bank holding company headquartered in Columbus, Ohio.
Through its affiliated companies, Huntington
has more than 138 years of serving the financial needs of its customers.
Huntington provides innovative retail and commercial financial products
and services through more than 300 regional banking offices in Indiana,
Kentucky, Michigan, Ohio and West Virginia. Huntington also offers retail
and commercial financial services online at www.huntington.com; through
its technologically advanced, 24-hour telephone bank; and through its
network of nearly 700 ATMs. Selected financial service activities are
also conducted in other states including: Dealer Sales offices in Florida,
Georgia, Tennessee, Pennsylvania and Arizona; Private Financial Group
offices in Florida; and Mortgage Banking offices in Florida, Maryland
and New Jersey. International banking services are made available through
the headquarters office in Columbus and additional offices located in
the Cayman Islands and Hong Kong.
Sites of Reference:
http://www.huntington.com/GetHomePageServlet
CONTACT:
Inna Gogoua Marketing Specialist
Huntington National Bank
Phone Number: 2165156601
Fax Number: 2165150689
E-mail: inna.gogoua@huntington.com
#### Press Release ######################
AIG Domestic Claims Announces Launch
of IntelliRisk NetSource-R- 6.0
NEW YORK----The Primary Claims division
of AIG Domestic Claims, a division of the AIG Companies(sm), today announced
the launch of IntelliRisk NetSource(R) 6.0, an enhanced version of the
leading web-based claims analysis and inquiry system. Version 6.0 features
the integration of a new reporting tool that will make it easier to
run standard and custom reports.
Version
6.0 enables users to save customized reports to their library or email
them in either PDF, Microsoft(R) Excel, or HTML format. Improved functionality
provides advanced sort and filter capabilities to help customize reports
by key elements such as location coding, line of business, or state
in which the accident occurred. Further, full "bursting" functionality
allows customers to segment and distribute reports by key elements.
For select reports, users can drill down to access more specific claim
details.
"With
the help of the IntelliRisk Advisory Board, we recognized that this
enhancement was an important step in increasing risk management efficiency,"
said Steve Iler, President, Primary Claims. "IntelliRisk NetSource
6.0 reinforces our commitment to expanding our service capabilities
to meet the diverse and dynamic needs of our clients through cutting-edge
technologies."
The
technology behind the new enhancement is WebFOCUS, a fully integrated
enterprise business intelligence suite. WebFOCUS was provided by Information
Builders, a leader in enterprise business intelligence and real-time
Web reporting, and customized according to the objectives set forth
by the IntelliRisk Advisory Board.
For
more information about IntelliRisk NetSource 6.0, please call 800/767-2524.
AIG
is the world's leading international insurance and financial services
organization, with operations in more than 130 countries and jurisdictions.
AIG member companies serve commercial, institutional and individual
customers through the most extensive worldwide property-casualty and
life insurance networks of any insurer. In the United States, AIG companies
are the largest underwriters of commercial and industrial insurance
and AIG American General is a top-ranked life insurer. AIG's global
businesses also include retirement services, financial services and
asset management. AIG's financial services businesses include aircraft
leasing, financial products, trading and market making. AIG's growing
global consumer finance business is led in the United States by American
General Finance. AIG also has one of the largest U.S. retirement services
businesses through AIG SunAmerica and AIG VALIC, and is a leader in
asset management for the individual and institutional markets, with
specialized investment management capabilities in equities, fixed income,
alternative investments and real estate. AIG's common stock is listed
on the New York Stock Exchange, as well as the stock exchanges in London,
Paris, Switzerland and Tokyo.
CONTACT:AIG, New York Andrew Silver, 212-770-3141
### Press Release ##########################
Rail Services Unit of GE Builds on Track Record of Success
with Customers at Global Railway Tech
2004
CHICAGO-- Announces investment in new capabilities
and expansion of railcar fleet in response to growing demand --
The
Rail Services unit of GE Equipment Services announced it will unveil
new capabilities and fleet management technologies at "Global Railway
Tech 2004," the 43rd Annual Convention of the Railway Supply Institute
(RSI) in Chicago, IL.
Rail
Services is demonstrating how it is building on its solid track record
of over 40 years in providing Class I railroads and shippers with fast,
flexible equipment leasing solutions to meet changing market demands.
Rail Services has made significant capital investments in 2004 to build
on what is already the most diverse fleet in the industry and is targeting
up a significant investment program over the next few years. The company
is also developing new products and service offerings to help streamline
maintenance operations. The result is an even stronger ability to help
customers optimize their productivity.
"Rail
Services is committed to the continued growth and diversification of
our fleet in order to meet our customers' current and future demands,"
says Ted Torbeck, President and CEO, GE Equipment Services, Rail Services.
"We're investing significant capital to continue to deliver the
best service in the industry."
In
addition to actively refurbishing current cars as part of its ongoing
upgrade plan, Rail Services is planning to add several thousand cars
to their fleet over the next several years.
"Being
a leader in the industry starts with having the right product to meet
the customer's needs," says Torbeck. "Rail Services has built
our reputation on providing the right cars, with the right lease at
the right time. Now we're taking steps to build on that reputation and
deliver new products and technologies."
The
new Maintenance Max(SM) service, also announced today, helps shippers
better manage maintenance costs while optimizing their fleet operations.
The unique aspect of Maintenance Max(SM) is that it integrates maintenance
costs into a fixed monthly fee to eliminate the annual guesswork associated
with ongoing maintenance needs.
In
addition to investing in new technologies, Rail Services is contemporizing
its intermodal assets to meet customers' needs. Upgraded chasses give
shippers more room to accommodate larger containers and are a less expensive
alternative to investing in new equipment.
Visit
Rail Services in booth 301 in the southeast hall of the Chicago Hilton
and Towers during Global Railway Tech 2004. Rail Services' equipment
can also be seen on tracks 11, 12 and 13 of Section B at the BNSF/METRA
Railyard, Chicago.
About
GE Equipment Services, Rail Services
A unit of the General Electric Company (NYSE:GE) and GE Equipment Services, Rail Services, headquartered in Chicago, Illinois, leases approximately 180,000 railroad cars--including coal hoppers, grain hoppers, refrigerator cars that carry fresh produce and frozen foods, tank cars for petroleum and chemicals, gondola cars for hauling steel and other industrial products, and intermodal flat cars that carry highway semi-trailers and intermodal containers. Additionally, the company leases 150,000 semi-trailers and containers to shippers and railroads.
For further information, visit www.gerail.com.
CONTACT:GE Rail Services Frank Mantero,
312-853-5557 frank.mantero@ge.com or Gibbs & Soell Inc. Jennifer
Gray, 847-519-9150 Mobile 847-530-5755 jgray@gibbs-soell.com
### Press Release #########################
Janeth C. Hendershot Appointed to Lakeland
Bancorp Board of Directors
OAK RIDGE, N.J., -- John W. Fredericks,
Chairman of Lakeland Bancorp has announced the appointment of Janeth
C. Hendershot to Lakeland Bancorp's Board of Directors.
Ms. Hendershot is a Senior Vice President
at Munich-American Risk Partners, and has held various positions at
numerous insurance organizations. Ms. Hendershot is a Director of Newton
Trust Company, a subsidiary of Lakeland Bancorp and a past Director
of Newton Financial Corporation.
Ms. Hendershot, a resident of Washington
Crossing, Pennsylvania, has a Bachelor of Arts degree, Cum Laude in
Economics from Cornell University.
Lakeland Bancorp, the holding company for Lakeland Bank and Newton Trust Company, has a current asset base of $1.9 billion and forty-eight (48) offices spanning six northwestern New Jersey counties: Bergen, Essex, Morris, Passaic, Sussex and Warren. Lakeland Bank, headquartered at 250 Oak Ridge Road, Oak Ridge, and Newton Trust Company headquartered at 30 Park Place, Newton, offer an extensive array of consumer and commercial products and services, including online banking, localized commercial lending teams, equipment leasing, and 24- hour or less turnaround time on consumer loan applications. For more information about their full line of products and services,
visit their website at http://www.lakelandbank.com or,
SOURCE
Lakeland Bancorp
CO: Lakeland
Bancorp
ST: New
Jersey, New York
SU: PER
Web site: http://www.lakelandbank.com