Monday, February 22, 2010

plus 3, Business People - Tulsa World

plus 3, Business People - Tulsa World


Business People - Tulsa World

Posted: 21 Feb 2010 05:33 PM PST

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Architecture

American Society of Landscape Architects, Oklahoma chapter, has elected Dan Alaback as president.

Other officers for 2010 include Jeff Pugh, president-elect; Jessica Waugh, secretary; Candace Melton, treasurer; Michael Harmon, associate at large; John Mabry, member at large; and Scott Howard, trustee.

Communications

Brothers & Co. has named Alicia Hale Abele as media manager.

Abele has worked at advertising agencies in New York, Dallas and Denver.

Tyler Allen has been named a copywriter. He previously served as campaign director for the IT, Marketing and Communications Department at the University of Oklahoma.

Thomas J. Belk and Richard Garcia have joined the company's graphic design team. Garcia completed an internship with Saatchi & Saatchi X of Springdale, Ark.

Danya Brown has been named an account executive, and will focus on clients in the energy industry. Brown recently completed a two-year rotational program with four different advertising agencies in Chicago and Detroit.

Kristie Bruder joined the company's accounting department, where her primary focus is accounts payable.

Matt Kallay has been hired to assist with video production and editing. Kallay recently completed a one-year internship with GUTS Church.

Buddy Pinneo has returned to Brothers & Co. as a copywriter and producer. Pinneo previously worked at the company from 1994 to 1999.

Matt Reiswig has been named associate creative director for Brothers' interactive services. Reiswig worked previously at Creative State and Winnercomm.

Kelly Robinson has been named a receptionist.

And Kyle Whiteis has been named an account planner. He has logged previous outdoor industry experience at Zebco.

Education

University of Tulsa's School of Nursing at the Collins College of Business has named Margaret Crump as program coordinator of Insure Oklahoma in Tulsa County.

Insure Oklahoma is a state-sponsored health insurance program designed to assist the uninsured in Oklahoma acquire affordable health insurance coverage. This is a newly created position.

Crump previously served as senior vice president of community initiatives and advocacy at the American Lung Association of Central States. Before that, she implemented health-care software for 30 small rural hospitals and worked in corporate wellness.

Financial

Weikel Johnson Parris and Rouse PLLP has named Lisa M. Anderson as tax manager.

Anderson spent the past year at Hinkle & Co. PLLC. Prior to that, she was a recruiter at The Rowland Group for two years and spent eight years at Woodrum Kemendo Tate & Cutie PLLC and four years at Ernst & Young LLP.

Utica Capital Management has named Andrea L. Duke as financial adviser

Duke was previously a financial adviser with Bank of America/Merrill Lynch.

Hospitality

Tulsa Hotel & Lodging Association has elected Michael Frimel, Hotel Ambassador, as president.

Other officers include Jeff Price, Renaissance Tulsa Hotel & Convention Center, vice president; and Jim Barnard, Post Oak Lodge, treasurer.

Immediate past president is Lacey Lamm, Hilton Tulsa Southern Hills.

2010 board members representing properties with more than 200 rooms are James Cunningham, Doubletree Hotel at Warren Place; and Marlin Keranen, Crowne Plaza. Representing properties with fewer than 200 rooms are Mukesh Bhakta, Best Western Inn and Suites; and Steve Nabilsi, Homewood Suites Tulsa South.

At-large board members are Terri Kullerd, Hilton Garden Inn Airport; Stephan Meier, Doubletree Hotel Downtown; Pete Patel, Promise Hotels; and Elias Thompson, Hampton Inn Tulsa South. Representing allied members are Michael Garner, AmSan Oklahoma; and Julia Sullivan, Guest Supply. Honorary board members are John Bolton, BOK Center; Randy Dietzel, Preview magazine; and Amy Huntley, Metropolitan Tulsa Chamber of Commerce Convention & Visitors' Bureau.

The new executive director of the organization is Trisha Kerkstra with Kerkstra Hospitality.

Insurance

Mid-Continent Group has promoted David Dyke to vice president of claims.

Dyke was most recently assistant vice president of claims. He joined Mid-Continent in September 2002.

Melanie Pancoast has been promoted to vice president-project manager.

Pancoast most recently served as assistant vice president of surety bonds. She joined Mid-Continent in January 1988.

Legal

Best & Sharp Inc. has named Shannon E. Bickham as an associate.

Bickham has been an assistant district attorney with the Tulsa County District Attorney's office since May 2007.

Her practice areas will include medical malpractice defense, general insurance defense litigation and other tort litigation.

Carr & Carr Attorneys has named Michael E. Carr as an attorney with the firm.

Carr works in all phases of litigation from pre-trial litigation to trial work. He earned his law degree from Oklahoma City University.

Cari Bashaw has been named marketing director for the firm. Bashaw has 24 years of marketing and communications experience, having worked in advertising agencies and corporate communications. She previously managed marketing strategy for CommunityCare, Oklahoma Highway Safety Office and Fidelity/Oklahoma Fidelity Bank.

Organizations

American Diabetes Association of Eastern Oklahoma has named Pattie Bowman as chairwoman of the board for 2010-11.

Ryan Walker, Walgreens Co., has been named president.

Other officers include Brian L. Cantrell, Alliance Resource Partners LP, "Concours of the Cure" chairman; Pat Wilson, Statewide General Agency, corporate recruitment chairman for "Step Out: Walk to Fight Diabetes;" Ron White, Director of Pharmacy Programs; Lisa Price of MidFirst Bank; and Jason Holden of Jackson Technical.

Real estate

Society of Exchange Counselors installed Tulsan Bill Richert as its 2010 president at a banquet Jan. 20 in Las Vegas.

Richert is a partner with NAI Commercial Properties in Tulsa.

The society is a commercial real estate marketing group consisting of approximately 100 investment brokers from various parts of the country who have proven their skills at solving clients' problems. It is headquartered in La Jolla, Calif.


Information for this feature should be submitted to: Business People, Tulsa World, P.O. Box 1770, Tulsa, OK 74102 or by e-mail at business@tulsaworld.com. JPEGs are required. All photographs will be considered and used on a space-available basis. Photos should be identified, and cannot be returned.

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Treasury Auctions Set for This Week - New York Times

Posted: 21 Feb 2010 04:35 PM PST

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The Treasury's schedule of financing this week included Monday's regular weekly auction of new three- and six-month bills and an auction of four-week bills on Tuesday.

According to traders, at the close of the New York cash market on Friday, the rate on the outstanding three-month bill was 0.09 percent. The rate on the six-month issue 0.18 percent, and the rate on the four-week issue was 0.06 percent.

The following tax-exempt fixed-income issues are scheduled for pricing this week:

MONDAY

Florida Department of Everglades Restoration, $57 million of revenue bonds. Competitive.

TUESDAY

Cherry Creek, Colo., $86.7 million of general obligation bonds. Competitive.

Davis School District, Utah, $68.5 million of general obligation bonds. Competitive.

Howard County, Md., $65.7 million of general obligation bonds. Competitive.

Mecklenburg, N.C., $119.3 million of general obligation bonds. Competitive.

New York City Transportation Finance Authority, $441.9 million of revenue bonds. Competitive.

WEDNESDAY

Maryland, $600 million of general obligation bonds. Competitive.

New Jersey Environmental Infrastructure Trust, $130 million of revenue bonds. Competitive.

THURSDAY

New York, $448.3 million of general obligation bonds. Competitive.

ONE DAY DURING THE WEEK

Central Texas Regional Mobility Authority, $97.9 million of senior lien revenue bonds. J. P. Morgan Securities.

Cowlitz County, Wash., Public Utility District, $67 million of electric distribution system revenue bonds. Barclays Capital.

Energy Northwest, Washington State, $470.7 million of revenue refunding bonds. Goldman Sachs.

Fairfax County, Va., Industrial Development Authority, $190 million of health care revenue bonds. Citigroup Global Markets.

FAU Finance Corporation, Fla., $123 million of capital improvement revenue bonds. RBC Capital Markets.

Florida State Board of Education, $300 million of lottery revenue bonds. Citigroup Global Markets.

Grinnell College, Iowa, $65 million of debt securities. George K. Baum & Company.

Indianapolis, $450 million of general obligation bonds. Citigroup Global Markets.

Kentucky Asset/Liability Commission, $89 million of debt securities. Citigroup Global Markets.

Massachusetts Development Finance Agency, $180 million of revenue bonds. J. P. Morgan Securities.

Miami-Dade County, Fla., $600 million of water and sewer system revenue bonds. Raymond James.

Missouri Ascension Health and Educational Facilities Authority, $145 million of revenue bonds. Citigroup Global Markets.

Missouri Highway and Transportation Commission, $185 million of reimbursement state road bonds. Bank of America.

New York Mental Health Services Dormitory Authority, $222.7 million of facilities improvement revenue bonds. Ramirez & Company.

Ohio, $146 million of infrastructure improvement general obligation bonds. Goldman Sachs.

Oregon Facilities Authority, $113.7 million of revenue refunding bonds. Piper Jaffray.

Pennsylvania Higher Education Facilities, $75 million of debt securities. Bank of America.

Renown Health System, Nevada, $50 million of hospital revenue bonds. Bank of America.

Vermont, $54 million of general obligation bonds. Citigroup Global Markets.

Washoe County, Nev., $78.1 million of highway revenue bonds. J. P. Morgan Securities.

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New model for Flagstar Bank: Asset-based program aims in part at auto ... - Crain's Detroit Business

Posted: 21 Feb 2010 05:11 PM PST

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Troy-based Flagstar Bank (NYSE: FBC), which made and lost fortunes as a bank focused almost exclusively on home mortgages, is changing its business model.

The bank intends to roll out an asset-based lending program that will let auto suppliers and others finance ramp-ups in production. It also wants to move into small-business lending.

Asset-based lending leverages company assets for what is often short-term borrowing to fill short-term needs. Because of a decline in real estate values, companies can't use land assets now to back loans, but they can use assets such as accounts receivable from new or growing contracts.

Flagstar wants to tap into that market as well as start and grow small-business and middle-market lending. It will also consider participation in U.S. Small Business Administration loan programs.

"If we don't have a couple of hundred million in our portfolio over the next 12-18 months, I'll be very disappointed," said President and CEO Joseph Campanelli about his short-term plans for growing the bank's commercial lending. "We want to be meaningful lenders in our market, certainly in the top five."

He said the rollout of the asset-based lending program is about four months away and will target in large part the local auto supply chain. "The auto industry doesn't have to come back to 17 million units a year. ... It's a significant opportunity for us to fill a need now," he said.

Campanelli said he plans over the next three to five years to revamp the bank's revenue mix to even thirds from mortgage generation, retail banking and commercial lending. Today, about 95 percent of revenue comes from mortgages.

He said he wants to remain a major national mortgage lender. "This won't be at the expense of our mortgage business, but in addition to it," he said. "We've got 500,000 small businesses in close proximity to our branches, and we haven't provided them any lending opportunities through our branches."

As of June 30, Flagstar had 162 full-service branches in three states, including Indiana and Georgia, and had 45 home loan centers in 18 states. It was the fifth-largest bank in Southeast Michigan, with $6.5 billion in assets. Comerica Bank was No. 1, at $22.9 billion, followed by Bank of America with $20.5 billion, J.P. Morgan Chase with $14.9 billion, and National City Bank with $9 billion.

Campanelli joined Flagstar in October, brought in by New York-based MatlinPatterson Thrift Investments L.P. to replace Mark Hammond, who had been president since 1995 and CEO since 2002. He also replaced Mark's father, bank founder Thomas Hammond, as chairman.

The Hammonds lost control of the bank early last year when MatlinPatterson followed an initial investment of $100 million with a second investment of $250 million.

Previously, Campanelli had been president and CEO of both Sovereign Bank and its Philadelphia-based holding company, Sovereign Bancorp Inc. (NYSE: SOV).

On Feb. 8, Flagstar closed a rights offering, having raised $300.6 million through the sale of 423.3 million shares, nearly all of it to MatlinPatterson, which now owns 90 percent of the stock.

Campanelli said that the bank intends to grow through acquisition as well, though he has no timetable and will wait to see how things continue to shake out in the still-troubled world of community banking.

Terry McEvoy, an equity analyst for New York-based Oppenheimer & Co. Inc., said diversification is a necessity for Flagstar and that Campanelli has a good reputation in the business, despite being forced out late in 2008 at Sovereign, just ahead of its sale to Spain's largest bank, Banco Santander Central Hispano. He said Campanelli helped grow Sovereign from a small thrift that focused on mortgages and certificates of deposit into a large mainstream bank that had branched out into treasury management and commercial lending.

"He's a good operator. He's a good manager and he knows how to do what he's doing now, saying, "This is the platform I have. How do I squeeze the most out of it,' " said McEvoy.

McEvoy said Flagstar's previous management gave lip service to diversification but never had much follow-through. In addition to beefing up small- and middle-market lending, Flagstar would also offer such services as credit cards and remote deposit capture. The latter is a service that allows users to scan checks and transmit the data to a bank for posting and clearing.

"In the past, it was "We've got branches, let's bring in deposits.' But the deposit side was primarily just CDs," said McEvoy. "This is a concerted move to being a traditional commercial bank and having products and services that satisfy commercial customers. That in turn will lead to a more consistent revenue stream that the market will reward with a higher share price."

In a research report Oppenheimer published on Feb. 8, McEvoy rated the stock a "perform" and said the bank had "best-in-class mortgage operations, with a proven track record." He said he expects the bank, which lost $513 million last year, to lose money this year but thinks much of its balance-sheet troubles are behind it.

Currently the bank is under a warning by the New York Stock Exchange that it faces possible delisting if it doesn't get its share price above $1.

McEvoy said that asset-based lending offers a way for banks to regrow business after months of retrenching. He said Flint-based Citizens Bank has begun asset-based lending, too. "It's a big enough market that Flagstar could tap into it to get new customers."

"It's great for the business community to have lenders putting cash out," said Michael Semanco, president of Huntington Woods-based Hennessey Capital L.L.C., an asset-based lender. "We'd love to participate with them when transactions warrant. We'd like to serve as a referral source for them and have them refer business to us if it doesn't fit their model."

"There's a tremendous need in the market," said David Tull, chairman and CEO of Troy-based Crestmark Bank, an asset-based lender. "From our perspective, if we do our business as well as we can, we don't need to worry about what smart competitors are doing."

He had a word of caution for Campanelli. "Asset-based lending is a business that if you grow it too quickly, you can get into trouble. You have to make sure you stick to your underwriting standards."

According to the New York-based Commercial Finance Association, asset-based lending has grown nationwide from $314.4 billion in 2001 to $590 billion in 2008. Last year's figures are not yet available.

Tom Henderson: (313) 446-0337, thenderson@crain.com

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New Limits on Credit Card Cos. Take Effect - CBS News

Posted: 21 Feb 2010 03:53 PM PST

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.. i used to be afraid of working for funding .. like there were too many poor who needed those jobs .. i don't worry so much now .. it actually surprises me when big companies fail .. i think big companies are the ones most guaranteed to succeed .. i'm a huge fan and advocate and believet of small business .. of individual proprietorships .. of toddlers gone wild .. so much so, that i believe than can carry any business, especially and most easily and readily one already big and famous and connected .. i think failures occur when companies strive to make all the lunches themselves .. not that it can't be done .. but the world makes it's own lunch quite well and is more often looking not for the lunch but for the lunch coach .. the web zine .. the dot com .. the blog .. the how to .. the focused and familiar chatter .. the inspiration .. the industry ogler and fix it .. the collector and knowledge base .. the little kid with the little heart surgery song and dance .. the old huvan with the little death's door fountain of youth theory and legend and poison and cure fetish .. houses and housing industries build themselves, when they are fertilized and watered by the passing vine samplers in pursuit of some new tails and sleeves to adorn themselves ..


often, i guess, the sex looks like a changing room of sorts behind a stage of sorts .. just a bunch of folk putting on and tying and strapping and adjusting and taking off clothes and other toys over and over again .. intermittently stopping to dance or play a game or just hug or pet .. it's alot like life, except, more dream-like and surreal and ecstactic and such .. more hipnotic, i guess .. more close bonded .. more in tune .. and then, fast as begun, we are seperate and distinct again .. sometimes, theirs condoms and or intercourse, but that's usually the more private (not private like bedroom and secrecy, private like intimate and special), more personal, more diary, for someone professional or dedicated


.. builds an endless story book such that each war baby, cut apart because it drank too much alcohol for breafast or wore it's diaper backward or side ways or not at all, can still live forever while the war god does too .. it's comforting to know that one percent of one percent of the networks' 10,000 earth-destroyers have not become the enemies ..


above the sea, on the front porch of 'life: the furniture and foliage rearrangement facility', jokingly, so to speak

drifting upon the front porch:
charity sick bed fetish
animal vineral mineral vegetable megetable
med math
sport and puzzle
lunch bus toy
maps, tours, song dance skit kit art craft

apart from the front porch:
plateau, folk-eating vegetables (video games)
waterfall, diarized search engine of invention
forest, junk drawer diary
dragon-made giant tree gem, internet junk drawers
canyon, abstract search engine of distraction, a place of express luck and miracle

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