EAEL - Eastern Association of Equipment Lessors
EAEL
Tel : 212 809-1602
Fax : 212-809-1650
62 William Street,  4th Floor
New York, NY  10005

 

Notices of Interest to members from the state of New Jersey:
- NJ enacts Streamlined Sales & Use Tax Agreement Legislation
- Notice on Leases & Rentals of Tangible Personal Property
- Click here for the above and more useful information

 

June 25- Troutman Sanders To Merge With Ross, Dixon & Bell New Firm To Have 750 Attorneys, Offices In 15 Cities
The law firms of Troutman Sanders LLP and Ross, Dixon & Bell, LLP announced today they will merge, creating a 750-attorney firm with national and international reach and unparalleled depth.

 

June 17- Main Street Bank Announces Studebaker Worthington Leasing Division Assumes Responsibility for Wholesale and Indirect Sales Channel
Main Street Bank of Kingwood, Texas announced today that its Studebaker Worthington Leasing Division will assume full responsibility for Main Street Bank's wholesale and indirect sales channel effective June 18.

 

June 10- Leslie A. Berkoff, Esq. Named One of Long Island's
Leslie A. Berkoff, a partner in the Garden City law firm of Moritt Hock Hamroff & Horowitz LLP has been named by Long Island Business News as one of Long Island's Top 50 Women for 2008.

June 10- Customers of Verizon Credit, Inc., will benefit from improved efficiencies and functionality using advanced software from International Decision Systems (IDS).
MINNEAPOLIS, MN, June 10th, 2008 – Customers of Verizon Credit, Inc., will benefit from improved efficiencies and functionality using advanced software from International Decision Systems (IDS).

June 5- Main Street Bank Purchases Studebaker Worthington Leasing Corp
Main Street Bank of Kingwood, Texas announced today that it has closed its purchase of substantially all the assets of Studebaker Worthington Leasing Corp.

 

May 30- Output Services Group Names Kent Herring New Chief Financial Offficer
Output Services Group, Inc., d/b/a OSG Billing Services, a market leader in the invoice presentment and billing services industry, today announced the appointment of Kent Herring to the newly created role of Chief Financial Officer.

 

May 21- Michael Cardello III, Esq. Elected To Serve As Chair Of The Metro New York/Connecticut Chapter Of The Nvla
Michael Cardello III, a partner in the Garden City law firm of Moritt Hock Hamroff & Horowitz LLP, has been recently elected to serve as Chair of the Metro New York/Connecticut Chapter of the National Vehicle Leasing Association (NVLA).

 

May 19- Leslie A. Berkoff, Esq. Appointed Co-Chair Of American Bankrupcty Institute's Healthcare Insolvencey Committtee
Leslie A. Berkoff, a partner in the Garden City law firm of Moritt Hock Hamroff & Horowitz LLP has been appointed by the American Bankruptcy Institute to serve as Co- Chair it Healthcare Insolvency Committee.

 

May 6- OSG Billing Services Wins Billing & OSS World 2008 Excellence Award for Customer Loyalty
OSG Billing Services, a leading provider of invoice presentment and distribution services including electronic billing and customer service solutions, today announced that it has been nominated for a Billing & OSS World 2008 Excellence Award. Winners will be announced at the Billing & OSS World show at McCormick Place in Chicago, IL on April 30, 2008.

April 23- OSG Billing Services Nominated For A Billing & OSS World 2008 Excellence Award
OSG Billing Services, a leading provider of invoice presentment and distribution services including electronic billing and customer service solutions, today announced that it has been nominated for a Billing & OSS World 2008 Excellence Award. Winners will be announced at the Billing & OSS World show at McCormick Place in Chicago, IL on April 30, 2008.

 

April 9- State Bank of Long Island Signs Agreement for Sale of Leasing Subsidiary Assets
State Bancorp, Inc. (NASDAQ: STBC), parent company of State Bank of Long Island ("State Bank"), announced today that an agreement has been signed with Main Street Bank of Kingwood, Texas for the sale of substantially all of the assets of State Bank’s leasing subsidiary, Studebaker-Worthington Leasing Corp. ("Studebaker").

 

March 4- Large Canadian Finance Company Selects Leaseteam’s End To End Solution
– LeaseTeam, Inc., the premier end-to-end software solution provider to the equipment finance industry, is pleased to announce that Leasebank Credit Corporation, a member of the Securcor Financial Group and major Canadian equipment and transportation leasing company, has selected LeaseTeam's Lease Sales Manager™ and LeasePlus™ products to support their equipment leasing and finance operations

 

February 21- Terese L. Arenth, Esq. Appointed To Board Of Directors Of The Women’s Financial Group
Terese L. Arenth, a partner in the Garden City law firm of Moritt Hock Hamroff & Horowitz LLP, was recently appointed by the Women’s Financial Group to serve on its Board of Directors and as Chair of its membership committee.

 

February 14- IDS Group, Inc. Announces Proposed Initial Public Offering
IDS Group, Inc. (www.idsgrp.com), a portfolio company of SV Investment Partners, LLC, today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock.

 

February 5- EQUILEASE CONTRACTS OSG BILLING SERVICES FOR DIRECT BILLING.
OSG Billing Services today announced an agreement to manage invoice presentment and distribution services for Equilease Financial Services, Inc., a full-service leasing company that finances industrial and commercial equipment for vendors, manufacturers and end-users.

 

January 28- Creditors' Rights Lawyer Writes the Book on Getting Paid Bernstein's new book, Get P.A.I.D., introduces sure-fire system for
collecting for sales.

Deadbeats beware – creditors' attorney Bob Bernstein's got your number. His new book, Get P.A.I.D., lays out an innovative strategy for businesses to successfully manage their credit policy and collect for their sales

 

January 4- SFBI Recruiters, INC. Joins the MRI Network
It was announced today that SFBI Recruiters, INC. has joined the MRI Network. (Management Recruiters International) in a bold move to foster the growth of the company nationally.

 

January 3- Deborah Monosson Named President of The Commercial Finance Association
Deborah Monosson, a seasoned asset-based lender, has been named president of the industry’s largest professional organization, The Commercial Finance Association (CFA).

 

December 14- Premier Lease & Loan Services Announces the Addition of Rob Pierce as Business Development Manager
Premier Lease & Loan Services, a member of Great American Insurance Group, announces the recent addition of Rob Pierce as Business Development Manager.

 

December 7 - Stephen J. Tosh Named Divisional President of Premier Lease & Loan Services Division of Great American Insurance Group
Great American Insurance Group has announced that Stephen J. Tosh has been promoted to Divisional President of its Premier Lease & Loan Services division.

 

November 21 - OFC Capital Corporation Adds Intermediary Finance
OFC Capital Corporation is pleased to announce that Greg Kavouras has joined our team as Senior Vice President. His primary focus will be Intermediary Finance.

 

November 06 - Merchants Leasing Chooses Odessa Technologies “Leasewave” For Its Management Solution
Odessa Technologies (Odessa) the maker of LeaseWave, has conducted an extensive business process analysis of Merchants Leasing operations, with the ultimate goal of process improvement and re-engineering during the implementation of LeaseWave.

 

November 05 - Leaseteam, Inc. Announces The Certification Of Three Experienced Professionals
LeaseTeam, Inc., the premier lease and loan software solution provider to the equipment finance industry, is pleased to announce three recent certifications.

 

October 23 - American Lease Insurance Adds Value For Huntington Equipment Finance
American Lease Insurance (ALI) is providing additional value to customers of Huntington Equipment Finance (Huntington), facilitated by a new integration module that joins ALI’s Integrity software with International Decision Systems’ InfoLease®, the most widely used lease accounting software program in the lease and finance industry.

 

October 15 - TEAM Funding solutions announces hire of Lynn Eric Smith as Broker Development Manager
TEAM welcomes Lynn Eric Smith. He has been working in the Leasing and Financing industries for the past 10 years.

 

October 8 - eOriginal Publishes White Paper on "Advanced Electronic Vaulting Solutions"
Industry leader and technology pioneer eOriginal, Inc., the company that defined the term “Electronic Original®” and promoted its adoption across the financial industry for the past ten years, has just released their latest white paper, “Advance Electronic Vaulting Technology.”

 

September 28 - Damascus Community Bank To Acquire Leasing Company
Damascus Community Bank (“Damascus”) announced today that it has reached an agreement to purchase Chesapeake IndustrialLeasing Co., Inc. (“Chesapeake”) located in Baltimore, Maryland. The acquisition, subject to regulatory approval, is expected to be completed not later than November 2007.

 

September 26 - Odessa Technologies, Inc., innovators in lease management software, introduce the availability of LeaseWave®, a .NET based workflow enabled lease management system.
Odessa Technologies, Inc. introduces the latest additions to their suite of lease management software products. "We are thrilled to contribute these innovative solutions to the industry," said Madhu Natarajan, CEO of Odessa Technologies, Inc."

 

September 18 - Moritt Hock Hamroff & Horowitz Llp Welcomes Keith S. Braun As Of Counsel
The Garden City law firm of Moritt Hock Hamroff & Horowitz has announced that Keith S. Braun (Stamford, Connecticut) has joined the firm as Of Counsel in its Corporate, Securities and Financial Services Practice Group.

 

August 20 - Brokers, Vendors, Customers Enjoy Faster End-to-End Transactions Using Madison Capital’s New Fully Electronic Leasing Option
In a bold leap forward, leasing company Madison Capital, LLC has adopted a cutting edge fully paperless transaction model within their leasing business. This technology gives Madison and its clients advantages when completing their lease documentation.

 

August 14 - Butler Capital appoints Brett Butler vice president
Butler Capital Corporation announced today that veteran manager Brett Butler has been promoted to vice president of the Hunt Valley, Md.-based business lender.

 

August 7 - Odessa Technologies, Inc. Celebrates 100th Hire
Odessa Technologies, Inc., the maker of LeaseWave™, is proud to welcome the one hundredth member to the Odessa team. While the company has grown strongly each year for the past decade, recent growth has been due to both increasing recognition in the leasing industry and sustained internal efforts to attract new talent.

 

July 24 - OFC Capital Corporation Adds Warehouse Lines Of Credit
OFC Capital Corporation is pleased to announce that Peter Eaton has joined our team as Senior Vice President. His primary focus will be Warehouse Lines of Credit.

 

July 18 - Balboa Capital Hires Patrick Ontal As Vice President Of Inside Sales
Balboa Capital Corporation announces the hiring of Patrick Ontal as Vice President of Inside Sales – Vendor Services Group. Mr. Ontal brings 21 years of vendor leasing experience to Balboa Capital where he will be responsible for hiring, training, and mentoring Balboa’s vendor sales team.

 

July 10 - Butler Capital ranked No. 88 in 2007 Monitor 100
Butler Capital Corporation has been ranked 88th in the 2007 Monitor 100 listing of the nation’s largest equipment leasing and finance firms and 82 nd in overall new business volume among the Monitor 100 companies.

 

July 9 - Enterprise Funding Group Adds John P. Groves as Vice President-Credit
Enterprise Funding Group LLC has announced the addition of John P. Groves as Vice President -- Credit. In the newly created position, John will oversee the credit and funding operations of the growing equipment finance company.

 

July 9 - Ellen R. Storch, Esq. Appointed Secretary Of The Nassau County Bar Association's Labor And Employment Committee
The Nassau County Bar Association has appointed Ellen R. Storch, an associate at the Garden City law firm of Moritt Hock Hamroff & Horowitz LLP, to serve as the Secretary of its Labor and Employment Committee.

 

July 6 - Moritt Hock Hamroff & Horowitz LLP Continues To Grow With The Addition Of David N. Wechsler, Esq.
The Garden City law firm of Moritt Hock Hamroff & Horowitz has announced that David N. Wechsler (Merrick) has joined the firm as a Partner in its Tax, Trusts and Estates Practice Group.

 

June 14 - Moritt Hock Hamroff & Horowitz LLP Welcomes A New Tax Associate
Moritt Hock Hamroff & Horowitz LLP has announced that Michelle E. Espey (Commack) has joined the firm as an associate in its Tax, Trusts and Estates Practice Group.

 

June 4 - Stephen E. Turman Appointed To Nassau County Board Of Ethics
Stephen E. Turman, an associate with the Bankruptcy and Commercial Litigation Group at Moritt Hock Hamroff & Horowitz LLP, was appointed by Nassau County Executive Thomas R. Suozzi to serve on the new Nassau County Board of Ethics.

 

May 31 - Netbank Selects Osg Billing Services For Direct Billing
OSG Billing Services today announced an agreement to manage invoice presentment and distribution services for NetBank Business Finance, a subsidiary of NetBank, a financial holding company operating a family of businesses focused primarily on consumer and small business banking as well as conforming mortgage lending.

 

May 24 - Troutman Sanders Expands In New York In Finance, Energy And Tax
Troutman Sanders LLP is pleased to announce the addition of Craig M. Kline and Philip H. Spector as partners in New York City, New York. Kline joins the firm’s Lending & Structured Finance and Energy practice groups, and Spector joins the Tax group.

 

May 21- Marlin Announces Hiring of New Portfolio Manager, Marlin Trade Receivables Corp.
Marlin Business Services Corp. is pleased to announce that John Pope has joined the company as Portfolio Manager of Marlin Trade Receivables Corp. In this role, John will oversee the credit operations of the factoring division.

 

May 15 - Balboa Capital Hires Phil Silva As Executive Vice President
Balboa Capital Corporation announces the appointment of Phil Silva as Executive Vice President. Mr. Silva will be responsible for growing the company’s Vendor Channel alongside the company’s existing Direct, Commercial, and Broker Channels.

 

May 11- Benjamin Geizhals Joins Moritt Hock Hamroff & Horowitz Llp As Of Counsel Expanding The Firm's Reach In Healthcare Law
Moritt Hock Hamroff & Horowitz LLP already known for its representation of lenders in the healthcare arena has announced that Benjamin Geizhals (Plainview) has joined the firm of counsel expanding the firm's healthcare practice.

April 9 - Moritt Hock Hamroff & Horowitz LLP Welcomes New Associates
Moritt Hock Hamroff & Horowitz LLP has announced that Dylan Saperman and Elizabeth Moore Walsh have become associates at the firm.

 

April 3 - International Decision Systems, Inc. Announce the Release of LeaseEnterprise ® 5.7
International Decision Systems, Inc. announces the release of its latest version of LeaseEnterprise ®, their lease/loan accounting software designed specifically for smaller lessors. Many new features are included in this release along with two new optional modules.

 

April 2 - U.S. Bank Manifest Funding Services Launches Dedicated Commercial Vehicle Division
U.S. Bancorp (NYSE:USB) announced that Richard Mitchell will develop Manifest Funding Services’ Commercial Vehicle Division.

 

March 28 - Odessa to participate at “Finance Leasing in China Summit 2007”
Odessa Technologies, Inc. (“Odessa”) will participate as an ‘exhibitor’ at the Finance Leasing in China Summit in Beijing, China. The summit will be held at the Regent Hotel in Beijing April 19-20, 2007.

 

February 26 - Troutman Sanders is pleased to announce the establishment of our Shanghai office and our enhanced Asia Practice Team in Hong Kong and Shanghai
For the past ten years, Troutman Sanders has been serving clients doing business in Asia.

 

February 21 - Online Registration is Open, Classes Set for International Decision Systems®ConnectionPoint '07 User Conference in June
By logging on to www.idsgrp.com/cp07, equipment finance industry professionals can view a full class schedule and register to attend ConnectionPoint '07, International Decision Systems' annual user conference.

 

February 20 - Sterling National Bank Appoints Andrew Corsi To Senior Vice President, Sterling Bank Leasing
Sterling National Bank, a subsidiary of Sterling Bancorp (NYSE: STL), today announced the appointment of Andrew R. Corsi to Senior Vice President and Department Manager for Sterling Bank Leasing.

 

February 19 - Leaseteam, Inc. Introduces Newly Designed Public Web Site And Client Extranet Site
LeaseTeam, Inc. is pleased to announce that it has launched a new public Web site and client extranet site.

 

February 15 - Baltimore-Based Equipment And Vehicle Leasing Company Hires Senior Finance Specialist Laurie Ann Mathison
Madison Capital LLC is very pleased to announce the recent addition of Laurie Ann Mathison, formerly of Custom Funding Solutions, LLC.

 

February 14 - BB&T's leasing subsidiary renamed Equipment Finance Corp
BB&T Corporation has changed the name of its leasing subsidiary to "BB&T Equipment Finance Corporation" to better reflect the subsidiary's business offerings.

 

February 7 - International Decision Systems® and Capgemini Agree to Collaborate in Delivery of Equipment Finance Solutions and Services
International Decision Systems, Inc., and Capgemini U.S. LLC, a member of the Capgemini Group, have announced that they are teaming up to deliver expanded implementation, training, and process management services to equipment finance organizations worldwide.

 

January 30 - Irwin Commercial Finance Reports 70% Increase in 2006 Profit
Irwin Financial reported that its commercial finance unit achieved record net income in 2006. Profit totaled $12.6 million for the year, a 70% increase over $7.4 million in 2005 and a record for the segment.

 

January 29 - Premier Lease & Loan Services Announce the Appointment of Ken Schneider to Divisional Assistant Vice President
Premier Lease & Loan Services, announce the appointment of Ken Schneider to Divisional Assistant Vice President of Great American Insurance Company and Director of Product Management for Premier's Equipment Group.

 

January 25 - Michael A. Leichtling Named Foundation Chair
Mike Leichtling, a partner and member of the Executive Committee of Troutman Sanders LLP, has been named Chairman of the Equipment Leasing & Finance Foundation Board of Trustees.

 

January 17- SunBridge Capital grows new commercial finance originations by 90% in 2006
The commercial finance industry is dominated by a few large banks and financiers, such as Wells Fargo, US Bancorp and GE Commercial Finance.

January 10 - TEAM Equipment Leasing Hires New Credit Manager
January, 2007. TEAM Equipment Leasing, a C-credit funding source for the broker community, hired Denney James as their new credit manager.

January 10- Mark S. Haltzman merges practice with Lamm Rubenstone Lesavoy Butz & David
Lamm Rubenstone Lesavoy Butz & David proudly announces that Mark S. Haltzman, Founding Partner of The Haltzman Law Firm located in Conshohocken, Pennsylvania, has merged his practice with Lamm Rubenstone Lesavoy Butz & David LLC, effective October 1, 2006.

January 3 - Robert Volk Joins Main Street Bank
KINGWOOD, TEXAS, January 3, 2007 – Main Street Bank, Kingwood, Texas, is pleased to announce the appointment of Robert "Bob" Volk as Business Development Manager for the AAHOA Leasing Program.

November 29 - ECS Financial Services, Inc. satisfies key management and operational standards required by Sarbanes-Oxley Act through completion of SAS 70 Type I Audit
ECS Financial Services, Inc., a leading provider of lease portfolio management and consulting to the leasing and financial services industries, announced that it has successfully completed SAS 70 Type I Audit for its lease portfolio management outsourcing services.

November 13 - U.S. Bank Equipment Finance names Patrick MC Dermott to capital equipment group
U.S. Bank Equipment Finance has named Patrick McDermott as vice president and area manager for the capital equipment group.

November 1 - American Lease Insurance Announces Lexington Insurance Company As Its Underwriter
American Lease Insurance (ALI) announced today that Lexington Insurance Company (Lexington), a member company of American International Group, Inc. (AIG), is now underwriting the American Lease Insurance (ALI) ProgramSM.

October 24 - Premier Lease & Loan Services to Conduct @Request LeaseProtection Webcast
Premier Lease & Loan Services announces it will conduct an @Request LeaseProtection webcast November 15, 2006, at 11 a.m. PST.

October 19 - International Decision Systems® And U.S. Bank Expand Strategic Partnership
International Decision Systems, Inc., the number one software provider to equipment finance companies, and U.S. Bank Portfolio Services, a leading back-office service provider, have announced plans for an expanded partnership.

October 16 - Financial Pacific Leasing Selects Osg Billing Services For Direct Billing
OSG Billing Services today announced an agreement to manage invoice presentment and distribution services for Financial Pacific Leasing, a small ticket equipment leasing company located near Seattle, Washington that provides leasing throughout the United States.

October 5 - Irwin Commercial Finance Reaches $1 Billion in Assets
Irwin Commercial Finance announced it reached $1 billion in total assets as of August 31, 2006.

September 29 - Wildwood Financial
Bob Baker, CLP, President and CEO of Wildwood Financial Group, Ltd. based in St Louis, Missouri announced today that they have acquired Leasing Institute of America of Salt Lake City, Utah.

September 26 - Creekridge Capital Now Running InfoLease® and Rapport® Software Solutions from International Decision Systems, Inc
International Decision Systems® is pleased to announce that Creekridge Capital LLC of Edina, Minnesota, is now running both InfoLease® and Rapport® in its "live" business environment.

September 25 - Clune & Company LC Implements LeaseTeam, Inc.’s End-to-End Software Solution
Clune & Company LC of suburban Kansas City is pleased to announce that it has become a licensed user of LeaseTeam, Inc.’s end-to-end integrated software solution. Clune will implement both the front-end origination software and the back-end portfolio management application on LeaseTeam’s ASP site.

September 22 - Premier Lease & Loan Services Names New Site Manager
Premier Lease & Loan Services announced the promotion of Tom Allen to Site Manager for Premier's Commercial Insurance Solutions business unit in Bellevue, WA. Tom has worked for the Commercial Insurance Solutions business for more than 18 years and has been the Director of Operations and Assistant Vice President since 2003.

September 22 - Newest Version of LeaseEnterprise® From International Decision Systems, Inc. Now Available for Immediate Download
International Decision Systems, Inc. announces Version 5.6 of their LeaseEnterprise® software has been released and is now available for download by current users .

September 20 - Leslie A. Berkoff, Esq. Re-Elected Chair Of International Women’s Insolvency & Restructuring Confederation
Leslie A. Berkoff, a partner in the Garden City law firm of Moritt Hock Hamroff & Horowitz LLP has been unanimously re-elected to serve a two-year term as Chair of the Board of Directors of the International Women’s Insolvency & Restructuring Confederation (IWIRC).

September 13 - Woody Prothero Joins Main Street Bank
Main Street Bank, Kingwood, Texas, announced the appointment of Woody Prothero as Business Development Manager of the Franchise Division. He will be focusing on developing and building program relationships with franchisors in the restaurant industry, as well as originating business activity directly with franchisees.

August 9 - Terese L. Arenth, Esq. Chairs Benefit For National Multiple Sclerosis Society-Long Island Chapter
Terese L. Arenth, a partner in the Garden City law firm of Moritt Hock Hamroff & Horowitz LLP, will serve as chair of the 2006 Dinner of Champions "A Touch of Tuscany" to benefit the Long Island Chapter of the National Multiple Sclerosis Society.

June 28 - Lawrence F. Flick II Only Attorney in Pennsylvania to be Named 2006 International Who’s Who of Capital Market Lawyers
Blank Rome LLP is pleased to announced that Lawrence F. Flick II has received the honor of being named in the 2006 International Who’s Who of Capital Market Lawyers. Of 47 jurisdictions internationally, Mr. Flick is the only attorney from Pennsylvania to be recognized as a leader in the capital market field.

June 12 - TEAM Equipment Leasing Announces New Hire
TEAM Equipment Leasing, a C-credit funder, announced Debbie Lee as their new Documentation Manager.

June 12 - International Decision Systems and American Lease Insurance Partner for Real-time Insurance Interface
International Decision Systems (IDS) and American Lease Insurance (ALI) have partnered to introduce Insurance Interface Integration Manager (I3M), an integration module to provide the first real-time portfolio system - insurance provider link.

June 9 - Bob Fisher Promoted to Executive Vice President
Main Street Bank, Kingwood, Texas, announced the promotion of Bob Fisher, CLP, to Executive Vice President of the Equipment Leasing Division.

June 8 - Richard Barry Joins Main Street Bank
Main Street Bank, Kingwood, Texas, announced the appointment of Richard (“Rick”) Barry as Vice President of the Franchise Division.

June 5 - Graphic Savings Group Starts Master Lease Initiative
As corporate merges and acquisitions continue to drive growth in the business world, companies are now beginning to look at how consolidation within their own organization can improve cash flow and ease the burden of Sarbanes Oxley reporting.

May 12 - U.S. Bank Equipment Finance Realigns Machine Tool Finance Group To Better Serve Clients
The machine tool finance group of U.S. Bank Equipment Finance, the unit of U.S. Bank that finances and leases equipment acquisitions for the middle- and upper-middle market, has realigned its management structure to better serve its clients.

May 8 - Moritt Hock Hamroff & Horowitz Llp Adds Not-For Profit Practice: Stein & Schonfeld Llp Members Join Firm
Marc L. Hamroff, managing partner of Moritt Hock Hamroff & Horowitz LLP is pleased to announce that the members of the law firm of Stein & Schonfeld LLP have joined the firm, adding a new area of practice in the not-for-profit sector.

May 5 - Graphic Savings Group Creates Cost Per Copy Lease Program
As corporations look for new ways to track return on investment and free up capital, Graphic Savings Group is excited to announce its Cost Per Copy Lease Program today.

April 26 - LFC Capital Adds Charles R. Rubin as Senior Vice President and Sales Manager
Charles R. Rubin has been appointed Senior Vice President of LFC Capital, Inc., Chicago, with nationwide responsibility for marketing and sales.

April 17 - Leaseteam, Inc. Announces The Promotion Of Three Experienced Professionals
LeaseTeam, Inc., the premier lease and loan software solution provider to the equipment finance industry, is pleased to announce three recent promotions.

April 13 - John Lee Joins Main Street Bank
Main Street Bank, Kingwood, Texas, announced the appointment of John Lee as Senior Vice President and General Counsel.

April 3 - LFC Capital Adds Charles R. Rubin as Senior Vice President and Sales Manager
Charles R. Rubin has been appointed Senior Vice President of LFC Capital, Inc., Chicago, with nationwide responsibility for marketing and sales.

March 15 - East African Development Bank chooses LeaseWave from Odessa Technologies
The East African Development Bank (EADB) has selected LeaseWave, Odessa Technologies, Inc.’s Internet based lease management software to manage its multi-national portfolio.

March 15 - Richard F. Williamson has joined Blank Rome LLP as a Partner in the Real Estate Practice Group
Blank Rome is pleased to announce that Richard F. Williamson has joined the Firm as a Partner in the Real Estate Practice Group. Mr. Williamson will be based in Blank Rome's Washington, DC office.

March 9 - Dennis C. O'Rourke Joins Moritt Hock Hamroff & Horowitz LLP
Moritt Hock Hamroff & Horowitz LLP has announced that Dennis C. O'Rourke has joined the Corporate/Securities, Mergers & Acquisitions Practice Group as Of Counsel. Managing Partner, Marc L. Hamroff stated that: "Dennis O'Rourke increases the firm's capacity in, and evidences its commitment to, its growing corporate and securities practice."

March 1 - Graphic Savings Group Unveils New Corporate Blog
Experts suggest that a new weblog is created every second- that’s more than 80,000 per day. Thus, the Graphic Savings Group (GSG) is proud to introduce its own blog, to document the latest trends in the equipment leasing industry and offer helpful tips to corporations looking at copier leases.

February 28 - Popular Leasing To Begin Acquiring Small Ticket Leasing Portfolios
Popular Leasing USA, a subsidiary of Banco Popular North America, today announced it has formed a unit to acquire small ticket equipment leases from financial institutions, and the captive leasing companies of manufacturers on a nationwide basis.

February 1 - In an Effort to Keep America Competitive, Graphic Savings Group Launches Medical Equipment Leasing Initiative
President George W. Bush iterated in his State of The Union Address, “keeping America competitive requires affordable health care.”

January 23 - Baltimore-Based Equipment And Vehicle Leasing Company Hires New VP of Business Development Broker/Lessor Division
Madison Capital LLC, a Baltimore-based vehicle and equipment leasing company, is pleased to announce the addition of Mitch Larkin as Vice President of Development of Madison’s Broker and Lessor Division.

January 23 - Touro Law School Appoints Marc L. Hamroff, Esq. As Adjunct Professor Of Law
Touro College, Jacob D. Fuchsberg Law School has appointed Marc L. Hamroff, Managing Partner, at Moritt Hock Hamroff & Horowitz LLP to serve as an adjunct professor of law at its Huntington, Long Island Campus.

January 23 - LeaseTeam, Inc. Adds New Loan Management Module to its Integrated Suite of Solutions for Equipment Finance Companies
LeaseTeam, Inc., the premier end-to-end software solution provider to the equipment finance industry, is pleased to introduce its new Loan Management module.

January 12 - Moritt Hock Hamroff & Horowitz Llp Names New Partners And Of Counsel For 2006
The law firm of Moritt Hock Hamroff & Horowitz LLP with offices on Long Island and Manhattan has announced that Michael Cardello III, Robert S. Cohen, Henry E. Klosowski and William P. Laino have been named partners in the firm.

January 5 - Ober|Kaler
Ober|Kaler is pleased to announce that attorneys Elissa F. Borges and Eric D. Gazin have been elected principals of the firm. Both attorneys practice in the firm's Baltimore office.

December 28 - U.S. Bancorp Equipment Finance, Inc. Names New Members of Management Team 3
U.S. Bancorp Equipment Finance, Inc. has named Chuck Lietz senior vice president and director of finance, and Richard Brown senior vice president and chief credit officer.

December 23 - Madhu Natarajan of Odessa Technologies to speak at World Leasing Convention
Madhu Natarajan, CEO Odessa Technologies, Inc. will speak at the 24th annual World Leasing Convention in Dubai on March 14, 2006. Natarajan will address the convention as a key industry speaker under the topic of “Operations and Overseas”, specifically addressing the technological challenges and opportunities in fleet management and vehicle leasing; his focus will be the global fleet leasing industry.

December 21 - State Bancorp, Inc. Added to America's Community Bankers NASDAQ Index
State Bancorp, Inc. (STBC), parent company of State Bank of Long Island, announced that it was added to the America's Community Bankers NASDAQ Index effective December 1, 2005. The index includes 532 community banks with a market capitalization in excess of $205 billion.

November 30 - Odessa Announces Addition of Senior Marketing Coordinator
Odessa Technologies, Inc. announces the addition of a specialized senior marketing coordinator to its growing sales force. Alex Snyder joined Odessa’s Sales/Marketing department on December 1, 2005, bringing to the company strong and varied experience both within the US and internationally.

November 7 - LeaseTeam, Inc. Announces Lease Sales Manager One 2.8 Upgrade
LeaseTeam, Inc. has introduced a major upgrade of its Lease Sales Manager One product. Lease Sales Manager One is a Web-based, front-end automation solution which allows equipment finance companies of all types to streamline processes and improve performance.

October 6 - Main Street National Bank Opens Midwest Regional Equipment Leasing Office
Main Street National Bank, Kingwood, Texas announces the opening of its Midwest Regional Equipment Leasing Office in Oakbrook Terrace, Illinois to serve the equipment leasing industry.

October 4 - Premier Lease & Loan Services Announces the Addition of Bryan Inman to Sales Team
Premier Lease & Loan Services is pleased to announce that Bryan Inman has joined the company's Sales and Marketing unit to assist with business development and expansion of Premier's Commercial Insurance Solutions business segment.

October 3 - U.S. Bancorp Equipment Finance, Inc. Names Gioia Head of Vendor Finance Group
U.S. Bancorp Equipment Finance, Inc. has named Jamie Gioia executive vice president and general manager of its vendor finance group. Gioia succeeds Paul Frisch, who was named head of corporate development earlier this year.

September 28 - FundGuard chooses LeaseWave
FundGuard LLC, the North Andover, MA-based lease funding provider has chosen LeaseWave to run its portfolio and to take its business relationships online. FundGuard provides a unique solution to a well-known market problem – access to small-ticket lease funding for independent lessors.

September 21 - Sheppard Mullin Adds Finance Team in New York
Susan Rosenthal has joined the New York office of Sheppard, Mullin, Richter & Hampton LLP as a partner in the Business Trial and Finance & Bankruptcy practice groups.

August 18 - Amembal & Associates Announces
Expanded Product And Service Line

Amembal & Associates has expanded its product and service line to include seminars in the U.S., The Asian Leasing Yearbook, additional publications and software solutions to continue to serve the U.S. and the global leasing industry.


August 12
- Tetra Financial Group Promotes Marci Kimball-Slagle, CLP
to Managing Director of Intermediary Funding

Tetra Financial Group, a Full Service Commercial Leasing Company Headquartered in Salt Lake City, Utah, has announced the promotion of Marci Kimball-Slagle, CLP to Managing Director of Intermediary Funding.


August 5
- Premier Lease & Loan Services’
Technology Experts Recognized as Leaders in Their Fields

In recent months, two Premier Lease & Loan Services associates were recognized for their expertise and leadership in Information Technology and Software Development.


August 2
- U.S. Bancorp Equipment Finance Names McBeth Executive Vice
President and General Manager of its Capital Equipment Group

U.S. Bancorp Equipment Finance, Inc. has named R. Blair McBeth, Jr. executive vice president and general manager of its Capital Equipment Group. McBeth replaces Greg Mamula, who will be retiring after 14 years with U.S. Bancorp. McBeth will be based in Portland and report to Sal Maglietta, president and chief executive officer of U.S. Bancorp Equipment Finance, Inc.

June 23 - Gary H. Souverein to President and COO of Pawnee Leasing Corporation
Pawnee Leasing Corporation (est. 1982), a small-ticket funding source specializing in start-up business and less traditional credits up to $30,000, is pleased to announce the promotion of Gary H. Souverein to President and COO of Pawnee Leasing Corporation.

 

June 20 - Bankruptcy Law Reform: Chapter 11 Debtors Subject to Stricter Limits
A bankruptcy system that assures predictable outcomes is vital to our economic well-being because the United States has little in the way of government programsto relieve people from the dislocations caused by financial failure.

 

June 9 - Pinnacle Capital Boosts Efficiency And Customer Value With Leaseteam And American Lease Insurance
TACOMA, WA – Pinnacle Capital, LLC (Pinnacle) is offering its lessee customers additional value and improving funding efficiency at the same time, thanks to the American Lease Insurance (ALI) Program. Brent M. Hall, managing member of Pinnacle states, ”Insurance documentation can delay funding considerably. With ALI, we don’t have to worry about it anymore.”

 

June 6 - Alfa Corporation Reaches Agreement Regarding the Sale of OFC Capital
MONTGOMERY, Ala. & MACON, Ga.--(BUSINESS WIRE)--June 6, 2005--Alfa Financial Corporation, a wholly owned subsidiary of Alfa Corporation (Nasdaq/NM:ALFA - News), announced today that it has signed a definitive agreement to sell a substantial part of the lease portfolio and other assets that comprise its commercial leasing division operating under the name OFC Capital. The purchaser is OFC Servicing Corporation, a wholly owned subsidiary of MidCountry Financial Corp., and the aggregate purchase price is approximately $77 million.

 

June 1 - Edward Castagna Promoted to President of Nassau Asset Management
Edward Castagna has been named president of Nassau Asset Management, announced Peter Castagna, the company's founder, who will continue his duties as Nassau 's active chief executive officer (CEO).

 

June 1 - Pentech Funding Services Speeds Transactions Automatically With American Lease Insurance And Mccue's Leasepak
CAMPBELL, CA – Pentech Funding Services (Pentech) is reporting an increase in funding speed and customer satisfaction as a result of adopting the American Lease Insurance (ALI) Program. According to Pentech Vice President and General Manager Ron Wagner, “It’s a great convenience that makes life easier for our broker customers by streamlining the funding process.”

 

May 19 - ACC Capital Corporation-Salt Lake City, UT
ACC Capital Corporation is pleased to announce the appointment of Brian Campbell as Vice President of Credit and Operations and Joel Cook as Senior Vice President of Sales, Marketing and Syndication.

 

May 2005 - Bank Rhode Island Acquires Long Island-Based Leasing Company Macrolease Corporation Becomes Wholly-Owned Subsidiary
Bancorp Rhode Island, Inc. recently announced that its subsidiary, Bank Rhode Island, acquired Macrolease International Corporation, a full-service, national equipment leasing company based in Plainview, NY. The business will be operated by Macrolease Corporation, a newly-formed wholly-owned subsidiary of the bank.

 

April 29 - Pawnee Leasing Corporation closes multi-year revolving credit with JPMorgan Chase Bank, N.A
Pawnee Leasing Corporation announces the closing of a $57,500,000 multi-year revolving credit facility with JPMorgan Chase Bank, N.A.

 

April 22 - U.S. Bancorp Equipment Finance Names Vp Of Business Development
U.S. Bancorp Equipment Finance, Inc. has named Edward Cipro as vice president of business development.

 

March 23 - Peter Ferrara to Step Down as Managing Director of Commercial Equipment and Vehicle Financing Division
Sovereign Bank announced today that Peter A. Ferrara, Sr., managing director of the bank’s Commercial Equipment and Vehicle Financing Division, would be relinquishing his day-to-day responsibilities as head of the division.

 

March 7 - IDB Leasing, Inc. Acquires Fleetwood Financial as its New Division
IDB Leasing, Inc., a subsidiary of Israel Discount Bank of New York (“IDBBank”), has announced that it has recently acquired substantially all the assets of Fleetwood Financial Corporation, 1001 Durham Avenue, South Plainfield, NJ.

 

February 9 - Premier Lease & Loan Services Appoints Brei Haywood Divisional Assistant Vice President
Premier Lease & Loan Services, a division of Great American Insurance Group, recently named Brei Haywood as Divisional Assistant Vice President.

 


EAEL wishes to thank its sponsors



July 10th, 2008
Boston Lunch Meeting
Capital Grille

July 24th, 2008
Day at the Races
Arlington Race Track

July 31st, 2008
Night at Yankee Stadium
New York Yankees vs Los Angeles Angels

August 14th, 2008
EAEL Golf Outing
Rock Springs Country Club, NJ

September 15th, 2008
Expo
East Brunswick Hilton

Full Calendar