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In the Marketplace
EverBank Commercial Finance, Inc. of Parsippany, NJ has named Greg Sanker as business development manager of the company's Healthcare Platform. He will be responsible for enhancing the platform's business development efforts and pursuing opportunities to expand the company's client base to include manufacturers in the life sciences and other medical disciplines. Sanker joins EverBank from Merchandise Mart Properties, Inc., a wholly owned subsidiary of Vornado Realty Trust, where he was responsible for signing medical device and technology makers to leases in the Cleveland Medical Mart. He previously worked for Citigroup, where he was responsible for business development activities in the health care, hospital, industrial and government sectors.
Signature Bank of New York has announced that it has formed a new subsidiary, Signature Financial, LLC, which marks the bank's entry into the specialty financing arena. Signature Financial is a specialty finance company, focused on equipment finance and leasing, transportation financing and taxi medallion financing. Combined with the bank's current taxi medallion finance business, Signature Bank enhances its market position in this field.
Leading Signature Financial, which will be based in Melville, Long Island, will be Walter Rabin, who will join Signature Financial as president in June 2012, after a 90-day waiting period.
Additional members who have already joined Signature Financial are Richard J. Antonacci, chief operating officer and executive vice president; Anthony Fantauzzi, chief risk officer and executive vice president; Anthony Perettine, executive vice president; Joseph Fantauzzi, executive vice president and capital markets division head; W. Kerry Mach, senior vice president and director of business development; and Daniel Craffey, senior vice president and director of operations. Also joining Signature Financial are Steve Robbins as director of asset management; Steve Jason as director of vehicle finance; and, John Cetta as director of taxi medallion finance. All join from Capital One's All Points Capital subsidiary, a financing and leasing company specializing in funding for independent lessors nationwide, with the exception of Joseph Fantauzzi, who most recently was senior vice president and head of the Capital Markets Division at Wells Fargo Equipment Finance, Inc.
TCF National Bank of Wayzata, MN has formed a new commercial banking division, TCF Capital Funding. Headquartered in Burr Ridge, IL, the new division will specialize in asset-based and cash flow lending to smaller middle-market companies across the United States. Joe Gaffigan has been named president of TCF Capital Funding. He previously served as co-founder, president & chief executive officer of MFC Capital Funding. Also joining TCF Capital Funding are Ed Ryczek and Tom Karle, senior vice presidents; Jim Kuncl and Monica Briseno, vice presidents; and Frances Miller, assistant vice president.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.