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Christopher Menkin

 
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  • ---Will Banks Start Charging For Deposits? [View instapost]
    That is not a simple question, as well as may be "academic." I will ask the write of the article for his opinion.
    Dec 6 12:02 PM | Likes Like |Link to Comment
  • ---Will Banks Start Charging For Deposits? [View instapost]
    I don't think depositors will go for it either. But then, if the profit is not there, it is similar to keeping a $1,000 in the bank and no charge for the bank account. It might be raised to a higher dollar amount, as well as banks who have a lower amount, such as $100.00, may charge for the account.

    Banks are looking for ways to produce more profit. At one time, checks were free, accounts were free, no ATM charges, etc.
    Dec 5 11:14 AM | Likes Like |Link to Comment
  • "Reflections on Pearl Harbor " by Admiral Chester Nimitz [View instapost]
    This is an older article, but I do remember the Japanese admiral being criticized. He said he struck on Sunday as the ships would not be fully
    ready to defend themselves as most sailors would be on leave, and most ships would be in the harbor. He had planned another wave of planes to destroy the fuel depot, as well as the harbor, but the missing of the US aircraft carrier and whatever ships were with it bothered him and he didn't want to be caught by it, and was concerned about his resources at the time, so called off the attack and retreated.
    Nov 12 02:25 PM | Likes Like |Link to Comment
  • MicroFinancial: A Subprime Lender Every Investor Should Love [View article]
    There business is equipment and software---not vehicles.

    There is no competition as the minimum is $500 and the max
    is $15,000 with the medium around $5,000. To process and
    work in this field with vendors and brokers who get a finders fee
    is prohibitive to most in the industry, so Microfinancial holds
    a real niche in the marketplace. How they make a profit in
    these parameters is amazing...and it is nationwide!
    Oct 29 11:50 AM | Likes Like |Link to Comment
  • MicroFinancial: A Subprime Lender Every Investor Should Love [View article]
    They really have no competition in their marketplace, $500 to $15,000;
    approve or turn down leases in five seconds with their credit platform, now have a West Coast office; great following among vendors and third party originators. Staff is very stable and professional.

    Their quarterly are very straight forward without tricks or games, which is a very positive sign management has an excellent handle on their
    growth and control in their specific marketplace today.
    Oct 26 05:27 PM | Likes Like |Link to Comment
  • The facts behind the $96 Million LEAF Securization [View instapost]
    Most of these salesmen worked for LEAF and were not independent advisors. I have heard it called a "Ponzi Scheme." I have received many complaints...I think there would be many interested in a class action suit.
    Oct 18 12:33 PM | Likes Like |Link to Comment
  • Marlin Business Services Offers Good Growth, But Less Value [View article]
    I publically recommended the stock when it was under $5.00, and several times hence, as an investment. I received criticism from those in the industry for doing it, so stopped. It was a real good buy at the time!

    I know there are other companies who abuse the Evergreen clause, and have written about them, too, and they are doing well.

    So if a company makes goods overseas in a facility that is not safe or workers are under 16 years old, many buy their stock as "business ethics" is an oxymoron to those in business---including those who purchase stock.
    Oct 11 12:12 PM | Likes Like |Link to Comment
  • Marlin Business Services Offers Good Growth, But Less Value [View article]
    Marlin's income comes a lot from their exercising Evergreen
    Clauses and Wintergreen clauses, not informing the lessee regarding the expiration of the lease and continuing payments---primarily on copiers, according to their own financial filings:

    http://bit.ly/15o9rwJ

    http://bit.ly/15o9rwL

    http://bit.ly/15o9rwN
    Oct 9 02:30 PM | Likes Like |Link to Comment
  • Can Small Business Rely On Community Banks? [View instapost]
    The key, of course, access to capital. Next is an approach, such as
    Umpagua bank wanted offices to be friend to visit, as well as the social media approach (voted best bank in this field). There are products available such as financial advisory, leasing, and others that can be partnered to bring both depositors and income to the bank.

    You no longer can sit and wait for them to come to you...you need to compete by fulfilling the customer you are seeking needs.
    Aug 11 04:12 PM | Likes Like |Link to Comment
  • Credit Unions Continue Record Strong Membership Growth [View instapost]
    There are many employee owned companies, and it doesn't make
    them communists. In communism, all the industries are owned by the state and controlled by them. In a credit union, it is like an employee owned business, where the employees elect officers and both own and control the company directly.

    The real threat to banking as we know is mobile banking. gobank.com just launched as well as Dwolla, and many community banks have embraced this as you don't need a "branch" to grow.
    Jun 28 12:29 PM | Likes Like |Link to Comment
  • Undercapitalized Banks Fall To Lowest Level In 17 Quarters [View instapost]
    No one said being a banker was easy...
    Jun 13 11:47 AM | Likes Like |Link to Comment
  • Undercapitalized Banks Fall To Lowest Level In 17 Quarters [View instapost]
    The states with the most real estate problems have been the ones who have failed the most. I have written about mergers and acquisitions, but the most interesting is the change of branches where major banks want to get out of areas with low deposits from customers, as well as the growth of regional and major banks as viewed by their branch acquisition and growth. Remember, deposits is the name of the game in banking.


    Top bank branch acquisitions since 2012
    http://bit.ly/15U4D0a

    Less In-Store Branch Banks, but More Deposits
    http://bit.ly/15U4EBj
    Jun 11 11:46 AM | Likes Like |Link to Comment
  • Arizona Real Estate Failures Take Bank Down---Board Of Directors At Fault [View instapost]
    Having been involved in the founding of two community banks, on the board of one, advisor on two others, being on committees, going through the banker courses, you realize how tough a job it is, especially if you take the responsibility seriously.

    I don't know any other media that goes into the depth I do from free information made available by the FDIC---what a wealth of information!

    Their reports and financial information tell a great deal of the story and what a wonderful job they do.
    Apr 24 03:01 PM | Likes Like |Link to Comment
  • Arizona Real Estate Failures Take Bank Down---Board Of Directors At Fault [View instapost]
    It is a false assumption to compare your personal life with a business, let alone a bank. A bank can leverage itself greatly, which is their business, taking in deposits, leveraging it into products from giving advice, to check charges, to all types of loans and leases from credit cards to mortgages (most are through Fannie Mae, by the way) with the bank as underwriter. Note the deposits not owned by the bank but then lent out.

    The problem is the board was interested in real estate primarily
    and blinded by that business. It would be like dentists only making loans to other dentists for whatever the dentist wanted to do...all your eggs into one business. If you have 60% of your loans to
    one industry, you are in trouble (period). It you have an accounts
    receivable to 60% and that business is slow in payment, or
    defaults, you are bound to go out of business quickly.

    There are many sound community banks, profitable, and written about here. The chairman and the board take ultimate responsibility
    as that is their role---staff follows their direction and leadership.
    If they don't, they are replaced.

    If you have the time, go to this blog and look at the top 100 and top
    500 community banks and why they are successful. Banking is a very competitive, tough business, and takes a board that represents all parts of the community, not just one interest---which
    happened here---and that is the point of the story.
    Apr 23 11:45 AM | Likes Like |Link to Comment
  • Arizona Real Estate Failures Take Bank Down---Board Of Directors At Fault [View instapost]
    When you have one group who is interested in one aspect
    of business, real estate, their vent is real estate, buy more,
    lend more, take a risk on real estate, and they promoted their friends in real estate, give them very liberal loans, and yes, they brought
    business to the bank---but all in real estate. Very lopsided
    portfolio, and then expanding into another town---just to make
    more real estate loans and no diversification and hell bent
    in one direction. And their timing was awfull!!!
    Apr 17 12:02 PM | Likes Like |Link to Comment
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