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Monday, March 18, 2024


Today's Leasing News Headlines

"Buckle Up!"
  Tri Counties Bank Equipment Finance
    Department Shut Down
New Hires/Promotions in the Leasing Business
    and Related Industries
Leasing and Finance Industry Help Wanted
    Excellent Compensation/Marketing Support
Top Ten Leasing News Read by Readers
    March 11 - March 15
Gender Pay Gap
    Visualized
Beagle Mix
    Louisville, Kentucky
Exhibit Hall Filling Up
  2024 AACFB Annual Conference
    Glendale, Arizona April 15 - 18

News Briefs ---
World’s first major act to regulate
    AI passed by European lawmakers
 Boeing 737 Max engine issue will take up
    to a year to fix, embattled company reveals
Opinion: Inflation isn’t the real problem of
    US economy. The housing shortage is
Airfares have dropped. Here’s why they
    could go even lower in 2024
This Hawaii family business sells
    100 million of these per year
European Union announces $8 billion
    package of aid for Egypt
In Boston 'Drinks-to-go' could become permanent,
    but liquor stores are pushing back

You May Have Missed ---
Americans Invested Billions in Chinese Companies
    Now Their Money Is Stuck

Broker/Funder/Industry Lists | Features (wrilter's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months
Sales Make It Happen

Sports Briefs
   California News
    "Gimme that Wine"
 This Day in History
  SuDoku
   Daily Puzzle
    GasBuddy
     Weather, USA or specific area
      Traffic Live----
       Wordle

######## surrounding the article denotes it is a press release, it was not written by Leasing News nor has the information been verified, but from the source noted. When an article is signed by the writer, it is considered a byline. It reflects the opinion and research of the writer.

[headlines]
--------------------------------------------------------------

"Buckle Up!"
Tri Counties Bank Equipment Finance
Department Shut Down

Leasing News received this email from Sales and Operations, Equipment Financing:

"The Equipment Finance Department at Tri Counties Bank was shut down after 20+ years in business.  As a result - I'm a free agent in the job market."

Calls to knowledgeable sources confirmed this. One funder said they had cut Tri Counties off two years ago. It appears they also were "Super Brokers," laying off paper that didn't fit their parameters or were extended as much as the bank wanted to extend to them.

"Buckle up!"

 The expression comes from Randy Haug, EVP/Co-Founder LTi Technology Solutions article titled, "Please Fasten Your Seat belts!"

 He writes in conclusion to the article: "As they say - "Please fasten your seat belts as we could encounter some upcoming turbulence. Flight attendants, please take your seats!"

Randy was not a pessimist as he has been writing about the changes in banking and began his article:

"The resiliency and financial innovation of the Equipment Finance marketplace continues to amaze. The different and diverse funding options available today are changing a bit. In most cases, rates will be higher because the risk and costs of that capital demand it."
https://leasingnews.org/archives/Mar2024/03_11.htm#please

PS. Any interest in this key equipment finance department person's employment, please email kitmenkin@leasingnews.org.  I will refer him to contact you.

[headlines]
--------------------------------------------------------------

New Hires/Promotions in the Leasing Business
and Related Industries

 


Scott Brandt was hired as Senior Vice President, Credit & Risk Management, 36th Street Capital Partners, Morristown, New Jersey. Previously, he was Vice President, Risk, SLR Equipment Finance (May, 2022 - March, 2024). Full Bio:
https://www.linkedin.com/in/scott-brandt-376761b5/details/experience/
https://www.linkedin.com/in/scott-brandt-376761b5/


Brian Jankins was announced as Sales Manager/Vice President, Horizon Bank's Equipment Finance Division, Michigan City, Indiana.  He received the position January, 2024. He is located in Greater Boston, Massachusetts. Previously, he was Senior Regional Sales Manager, TCF Equipment Finance (September, 2018 - December, 2019); Senor BD Officer, Midland States Bank (January, 2018 -  September, 2018). Full Bio:https://www.linkedin.com/in/brian-jankins-681aa711/details/experience/
https://www.linkedin.com/in/brian-jankins-681aa711/

Joe Warner was hired as Business Development Manager, Jupiter Equipment Finance, Tequesta, Florida. He is located in Berlin, New Jersey. Previously, he was Business Development Account Manager, NewLane Finance, (May, 2022 - March, 2024). He joined BDC Pros March, 2019, Sales Manager, promoted Sales Director (August, 2019 - May, 2022); Sales Acceleration Manager, Stream Companies ( (December, 2017 - May, 2019); Internet Sales Specialist, Turnerville Jeep (October, 2016 - November, 2017).
https://www.linkedin.com/in/joe-werner-b77b08169/ 


[headlines]
--------------------------------------------------------------

Leasing and Finance Industry Help Wanted


[headlines]
--------------------------------------------------------------

Top Ten Leasing News Read by Readers
March 11 to March 15

(1) "Buckle Up!" Quality Equipment Finance
    Not Funding Transactions Internally
https://leasingnews.org/archives/Mar2024/03_15.htm#quality

(2) Brian Bjella
    Then and Now
https://leasingnews.org/archives/Mar2024/03_11.htm#brian

(3) Why You Should Hire Athletes
    By Ken Lubin, ZRG Partners, Managing Editor
https://leasingnews.org/archives/Mar2024/03_15.htm#why

(4)  Funders Looking for Broker Business
    Updated
https://leasingnews.org/archives/Mar2024/03_13.htm#looking

(5) New Hires/Promotions in the Leasing Business
    and Related Industries
https://leasingnews.org/archives/Mar2024/03_11.htm#hires

(6) New Hires/Promotions in the Leasing Business
    and Related Industries
https://leasingnews.org/archives/Mar2024/03_15.htm#hires

(7)  FBI agents take Lamborghini, Porsche, Ferraris
    in new raid at CEO's Queensbury mansion
https://www.timesunion.com/business/article/fbi-raided-home-albany-loan-broker-roglieri-

(8)  Please Fasten Your Seatbelts!
    By Randy Haug, LTi Technology
https://leasingnews.org/archives/Mar2024/03_11.htm#please

(9) The Commercial Real Estate Exposure
    of the Largest U.S. Banks
https://leasingnews.org/archives/Mar2024/03_13.htm#cre

(10) The sneaky reason supermarkets put fruits
     and vegetables at the front of the store revealed
https://nypost.com/2024/03/09/lifestyle/the-secret-ways-grocery-stores-keep-you-shopping-finally-exposed/

[headlines]
--------------------------------------------------------------

Gender Pay Gap Visualized
By Katharina Buchholz, Statista.com

Women in the U.S. had to work all the way through 2022 and into March of 2023 to earn the equivalent of the 2022 wages of U.S. men. When looking only at full-time, year-round work, this means that on average, American working women are paid 84 cents for every dollar that working men make.

March 12 marks Equal Pay Day in the United States. But the day is only the first in a row of equal pay days for different races and ethnicities published by AAUW, also including Asian, Pacific Islander & Native Hawaiian women's equal pay day on April 3, 2023, Black Women's equal pay day on July 9, Latina's equal pay day on October 3 and Native American Women's equal pay day on November 21 of 2023. Black women working full-time, year-round earn 69 cents for every dollar white, non-Hispanic men make, while that number is 66 cents for Pacific Islander & Native Hawaiian women, 59 cents for Native American women and only 57 cents for Latina women in the United States. As Native American women work part-time or seasonally more often, their equal pay day comes even later than that of Latinas, however.

Asian-American women outearn the average woman in the U.S. and they currently earn 99 cents for every dollar white, non-Hispanic men make when looking at full-time, year-round work only.

The money females in the U.S. earn compared to men has been increasing slowly in recent years, especially for Asian women. However, at a rate of one or two cent of increase per year, women would still wait decades in many instances for pay parity in full-time work.

--------------------------------------------------------------

Beagle Mix
Louisville, Kentucky

Rocksie

A7372203
Female
1 year, 10 months old
Brought to the Shelter
2024.03.14

Located at:
Louisville Metro Animal Services
Website: www.louisvilleky.gov/AnimalServices
Phone Number: (502) 361-1318
Address: 3516 Newburg Road
Louisville, KY 40218

Pet Application:
https://louisvilleky.gov/government/animal-services/pet-application

 

[headlines]
--------------------------------------------------------------

Exhibit Hall Filling Up
2024 AACFB Annual Conference
Glendale, Arizona April 15 - 18, 2024


[headlines]
--------------------------------------------------------------

News Briefs

World’s first major act to regulate
   AI passed by European lawmakers
https://www.cnbc.com/2024/03/13/european-lawmakers-endorse-worlds-first-major-act-to-regulate-ai.html

 Boeing 737 Max engine issue will take up
   to a year to fix, embattled company reveals
https://nypost.com/2024/03/16/us-news/boeing-737-max-engine-issue-will-take-up-to-a-year-to-fix/

Opinion: Inflation isn’t the real problem of
     US economy. The housing shortage is.
https://www.eastbaytimes.com/2024/03/16/opinion-inflation-isnt-the-real-problem-for-the-us-economy-the-housing-shortage-is/

Airfares have dropped. Here’s why they
     could go even lower in 2024
https://www.eastbaytimes.com/2024/03/15/airfares-have-dropped-heres-why-they-could-go-even-lower-in-2024/

This Hawaii family business sells
   100 million of these per year
https://www.sfgate.com/hawaii/article/honolulu-cookie-co-hawaii-18949986.php

European Union announces $8 billion
   package of aid for Egypt
https://www.bostonglobe.com/2024/03/17/business/european-union-announces-8-billion-package-aid-egypt/

In Boston 'Drinks-to-go' could become permanent,
     but liquor stores are pushing back
https://www.bostonglobe.com/2024/03/15/business/massachusetts-drinks-to-go/


[headlines]
--------------------------------------------------------------


Americans Invested Billions in Chinese Companies.
    Now Their Money Is Stuck
https://www.nytimes.com/2024/03/16/business/dealbook/china-zombie-companies-tiktok.html

[headlines]
--------------------------------------------------------------


Sports Briefs---

NFL considers rule changes that
    include challenges for penalties
https://www.pressdemocrat.com/article/sports/nfl-considers-rule-changes-that-include-challenges-for-penalties/

[headlines]
--------------------------------------------------------------


California News Briefs---

Four Seasons Hotel downtown San Francesco
   Stops making Loan Payments in December
https://www.sfchronicle.com/sf/article/another-downtown-san-francisco-hotel-stops-loan-19097818.php

California’s largest new reservoir
    in 50 years gains momentum
https://www.eastbaytimes.com/2024/03/17/largest-new-reservoir-project-in-50-years-in-california-gains-momentum/

San Francisco Bay Area job market suffered
‘mini-recession’ in 2023: new stats
https://www.eastbaytimes.com/2024/03/17/bay-area-job-economy-san-jose-oakland-layoff-covid-recession-tech-hotel/

California’s property insurer of last resort
   adds record number of policies in February
https://www.pressdemocrat.com/article/news/californias-property-insurer-of-last-resort-adds-record-number-of-policies/

Brentwood man’s homemade smash burgers
     an instant success
https://www.eastbaytimes.com/2024/03/15/brentw

Radio station nabs San Francisco's
    last unclaimed FM frequency
https://www.sfgate.com/sf-culture/article/bff-fm-station-sf-internet-radio-18936216.php

United Airlines sees 9th incident in two
    weeks: Plane from SFO lands with missing panel
https://www.sfchronicle.com/bayarea/article/united-airlines-plane-sfo-lands-oregon-missing-19085603.php

'Star Wars' prop sells for nearly
    $1M at California auction
https://www.sfgate.com/sf-culture/article/star-wars-prop-sells-nearly-1m-california-19034478.php

Oakland police break up sideshow
   involving more than 50 vehicles
https://www.sfchronicle.com/crime/article/oakland-sideshow-police-19167293.php


[headlines]
--------------------------------------------------------------

Gimme that Wine

 

http://www.youtube.com/watch?v=EJnQoi8DSE8    

A California grape-growing legend has died
    Ron Mansfield wasn’t a household name
https://www.sfchronicle.com/food/wine/article/ron-mansfield-california-grape-grow-18890418.php

Oregon Winery Wins 2024 Winery of the Year
    in California Dominant Competition
https://www.winebusiness.com/news/article/284696

Growers are pulling out grapevines
   - but not fast enough
https://www.winebusiness.com/news/article/284711

How Do Wineries Thrive by
    Going Sustainable?
https://www.winebusiness.com/news/article/284713

 

[headlines]
----------------------------------------------------------------

This Day in History

https://leasingnews.org/archives/Mar2022/03_18.htm#history

-------------------------------------------------------------

SuDoku

The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?

https://sudoku.com/

[headlines]

--------------------------------------------------------------

Daily Puzzle

How to play:
http://www.setgame.com/set/puzzle_frame.htm

Refresh for current date:
http://www.setgame.com/set/puzzle_frame.htm

[headlines]

--------------------------------------------------------------

http://www.gasbuddy.com/
http://www.gasbuddy.com/GB_Map_Gas_Prices.aspx
http://www.gasbuddy.com/GB_Mobile_Instructions.aspx

[headlines]

--------------------------------------------------------------

Weather

See USA map, click to specific area, no commercials

http://www.weather.gov/

[headlines]

--------------------------------------------------------------

Traffic Live---

Real Time Traffic Information

You can save up to 20 different routes and check them out with one click,
or type in a new route to learn the traffic live

--------------------------------

Wordle

https://www.powerlanguage.co.uk/wordle/

How to Play
https://www.today.com/popculture/popculture/wordle-know-popular-online-word-game-rcna11056

[headlines]

Features

Alerts and Flags
Bank Beat
Brian Link Observations
Career Crossroads-Emily Fitzpatrick/RII
Cartoons
Charlie Chan sayings
Computer Tips and Social Media
Credits and Collections 102
Customer Relation Management Keeps Score
Dan Harkey Observations
Employment Web Sites
Equipment Leasing Haiku by Paul Bent
Fernando's Review
Financial Technology 102
From the Desk of Michael Witt, Esq.
Leasing 102
Leasing Cases by Tom McCurnin
Observations from the Front Porch by Jim Acee
Online Newspapers
Placards
Recruiter Hal T. Horwitz Speaks Out
Sales Make it Happen
San Francisco Valley Leasing
The Secret of Our Success
The Top Performer’s Corner
To Tell the Truth
TV Reviews by Kit Menkin
Ultimare Hire by Ken Lubin, ZRG Partners
View from the Top
Why I Became a CLP
Wine Reviews by Kevan Wilkinson


Ten Top Stories each week opened the most by readers
(click here)

“Complaints” Bulletin Board (click here)

Connect with Leasing News

Top Stories

(chronological order)

- Sam Walton, Founder of Walmart
    said this to a group of trainees
- Talent Crisis is Here
    By Steve Chriest & Kit Menkin
- Assessing the Ripple Effects of Commercial Disclosure Laws
    By Kenneth C. Greene, Leasing News Advisor Emeritus
- Housing Report, September 2023
    The Virginia Tech - USDA Forest Service
- Channel Announces Successful Close of $190MM Securitization
- 33% of Small Businesses Fail
    Due to Lack of Capital
- Behind the Headlines on Chesswood Group Limited
    and Their Commercial Finance/Leasing Companies
- That Voice on the Phone Using Artificial Intelligence
    By Sean Murray, Publisher, deBanked
- Pennsylvania Hops Aboard the Disclosure Bandwagon
    By Kenneth C. Greene, Leasing News Emeritus
- Banks Facing Additional Issues in Commercial Finance
  and Leasing Sides of Their Businesses
    by Randy Haug, LTi Technology Solutions
- Alliance Funding Group Announces They Have
    Formed a New Strategy Mid-Ticket Business Unit
- Bankruptcies on the Rise
    By Peter N. Tamposi, Esq.
- Leasing News Has Confirmed Key Equipment Finance
  Exiting Vendor Business
    By Christopher Menkin, Publisher
- The Corporate Transparency Act of 2024
  Many in Business Are Not Aware  
    By Kenneth C. Greene, Leasing News Emeritus
- Iowa Bank Failure Tied to Bad Trucking Loans
    By Craig Fuller, CEO and Founder, Freight Waves
- CLFP Foundation adds 26 New CLFPs
- CLFP Growth by Company Continues
- Chesswood Group Limited and Wafra Inc.
    Announce Joint Venture for Funding
- Is Your Non-Compete Clause Valid?
    By Kenneth C. Greene, Leasing News Emeritus
- Exploring the 62nd Annual ELFA Convention: Future 360
    By Shari Lipski, CLFP
- Introducing ELFA’s New Board Chair and Board of Director
- NEFA Thanks Outgoing Board Members
    and Welcomes New Board Members plus President
- Women in Leasing Update NVLA October Conference
- Business in Commercial Finance Industy
    Has Been Good Compared to other Industries
- ELFA Wins Nationwide Relief from Section 1071
- Now is the time to take advantage of higher bonus depreciation
- Leigh Lytle appointed new ELFA President and CEO
- Ralph Petta to retire, will the next ELFA CEO be a female?
    Here are the three past female presidents
- Dext Capital Celebrates Remarkable Achievement:
    $1 Billion Originated First Five Years of Operation
- Wintrust Financial Corporation Reports Record
    Year-to-Date Net Income
- Maxim Commercial Capital Doubled Fundings in Q3 2023
    Demand increased for 2nd lien mortgages to fund working capital
- NVLA 2023 Annual Conference Recap By Edward P. Kaye
- Highlights from NEFA Funding Symposium By Mel Vinson, CLFP
- CLFP Foundation Adds 18 New CLFPs
- Artificial Intelligence (AI): Friend or Foe for Finance and Leasing?
- Brean Capital Closes Corporate Note
    Financing for Fora Financial
- Full Circle Finance Is Now Employee Owned
    Tim Cetto to Stay on as Board Member
- October 2023 marks the 15th Anniversary
    of Wheeler Business Consulting
- Dr. Dan Geller: But I told you so!
Cryptocurrency is the Emperor’s New Clothes
- Legal Considerations in Financing and Leasing Your First EV
By Edward P. Kaye, Esq. and Matthew W. Daus, Esq.
- World Leasing Yearbook 2023: The Essential Guide to
Current Opportunities in International Leasing & Asset Finance
Cannabis Sales Slow as Pandemic Eases
- Rosanne Wilson CLFP, BPB, Passes Away
A Very Close Friend of Mine and Our Industry
By Christopher Menkin, Publisher and Editor
The Top Four Leasing/Finance Funder Websites
Tandem Finance Partners with LilyPad EV
Randy Haug Joins Leasing News Advisory Board
Donald Wampler, CLFP, Shows Off His Badges Collected in 2022
Women in Leasing Roundtable By Sloan Schickler, Esq.
- Chesswood Group Limited Announces
$12.3 Million Q3 Compared to $9.1 Million 2021
Notarize and Northteq Launch Online Notarization Integration
- American Lease Insurance sold
to American Bankers Insurance Group
- Rapid Finance Advises Their Originators
Pausing New Applications Construction Companies
- Marijuana Could Become Legal
in These Five States After Midterms
- Black Equipment Finance Network
Announces Its Formation
- DeBanked Broker Fair New York
By Sloan Schickler, Esq.
- New York Commercial Finance Disclosure Law
By Sloan Schickler, Esq.
- ELFF Reports Confidence Continues Three Month Drop
October goes to 44.9 from September 48.7
- Remember the NorVergence Scandal and Tom Salzano?
Now Charged with $650 Million Ponzi Scheme, 2,000 investors
- North Mill Equipment Finance Announces
$353 Million Term Securitization
- National Vehicle Leasing Assoc. Annual Conference
By Edward P. Kaye, Esq.
- Full Circle Finance Is Now Employee Owned
Tim Cetto to Stay on as Board Member
- Kaylan Makam New Chief Executive Officer
Amur Equipment Finance
- ELFA Conference (Day Two)
from Orlando, Florida
- ELFA Conference Report (Day One)
from Orlando, Florida
- Top Hurricane Landfall Wind Speed
Since 1936, Name and State
- A Few Stayed When Tropical Storm Fiona Hit Right
After Canadian Finance and Leasing Association
- Certificate of Insurance for Finance, Lease or Loan
Why it is Very Important
- North Mill Equipment Finance Hits $1B in Originations
on its Anniversary of Recapitalization
- TopMark Funding Marks Another Quarter of Record
Breaking Growth for the Fifth Consecutive Quarter
Settlement Costs vs. Litigation Costs