California firm bought Central Pacific Bank properties Aug 11, 2008
2 million bulk sale announced by Central Pacific Bank in its second-quarter earnings on July 31 was made to a California real estate investment firm that bought distressed properties at bargain prices on the Mainland in the early 1990s. In July, San-Diego Ayres Advisors bought Central Pacific Bank's portfolio, valued at $122 million, for about 36 cents on the dollar. (Pacific Business News, HI)
Prisoners of Debt Aug 8, 2008
One large bank, which he won't name, is planning a bulk sale of Chapter 7 debt this fall with a face value of $3 billion, he says ... That includes 25 to 30 bulk sales of Chapter 7 credit-card debt, each with $1 million to $10 million of face value, to two major buyers. (BusinessWeek)
Struggling condo to rent 156 units Jul 4, 2008
WEST PALM BEACH In a hopeful sign for the moribund condo market, the developer of a struggling downtown condominium decided not to sell 156 units in a discounted bulk sale - a decision that has West Palm Beach condo owners breathing a sigh of relief. Instead of a fire sale, Atlanta-based Wood Partners is keeping the units at The Edge and renting them. (The Palm Beach Post)
Food for thought May 4, 2008
Just recently, national wholesale store Costco began rationing bulk sale of rice, "and when have you seen that happen?" said Charlie Reid of Stonewall Farm in Nottingham and Osprey Cove Organic Farm in Madbury. Bundled up with a winter coat and scarf around his neck on a blustery Saturday morning at the farmers market, Reid said what goes around comes around. (Seacoast New Hampshire)
Condo projects evaporating in downtown West Palm Beach Apr 21, 2008
One more is marketing a bulk sale of its remaining units at a 47 percent discount, which is expected to further depress prices. Some buildings that sold out a year ago are still about 70 percent occupied, with investors trying to rent out their empty units, said Roy Assad, a board member of the West Palm Beach Downtown Development Authority and chairman of the Palm Beach County Convention and Visitors Bureau. (South Florida Business Journal, FL)
Millennium Bankshares terminates agreements with former CEO Feb 6, 2008
The actions taken include selling the bank's two branches in Richmond, which Millennium previously announced, evaluating options in connection with its held for sale/repurchased loan portfolio, including a bulk sale of the portfolio, implementing a new system to strengthen credit underwriting and administration, retaining a new external loan review firm and separating the chief lending officer position from the chief credit officer position. Related Industry News. (Washington Business Journal, DC)
Centennial Bank Holdings, Inc. Announces 2007 Year End and Fourth Quarter Financial Results Jan 30, 2008
The decline from the prior quarter is primarily attributable to the additional provision taken in the third quarter 2007 as a result of the Company's decision to sell a large portion of its nonperforming and classified credits in a bulk sale. The allowance for loan losses to total loans outstanding was 1. (Primezone Releases)
Millennium Bank agrees to new compliance measures Jan 27, 2008
The actions taken include selling the bank's two branches in Richmond, which Millennium (NASDAQ: MBVA) previously announced, evaluating options in connection with its held for sale/repurchased loan portfolio, including a bulk sale of the portfolio, implementing a new system to strengthen credit underwriting and administration, retaining a new external loan review firm and separating the chief lending officer position from the chief credit officer position. Millennium Bank, which has four... (Washington Business Journal, DC)
OceanFirst Financial Corp. Announces Quarterly Earnings, Continuation of Dividend and Annual Meeting Date Jan 24, 2008
Columbia was able to subsequently sell most of these loans in a bulk sale transaction during the second quarter. Included in the bulk sale were subprime loans with a stated principal balance of $42. (Primezone Releases)
Statement of Steve Pasierb, President and CEO, Partnership for a Drug-Free America on New SAMHSA Study On Cough Medicine Abuse Jan 12, 2008
"While teens' use of street drugs is declining, there had been an increase in abuse of medicines they find right in their own home or a friend's home. Our research shows that far too many teens and parents share the perilous misperception that intentionally abusing medications is somehow safer than using illicit street drugs. That is simply not true." In response to the problem of medicine abuse, the Partnership and many other program partners including the Consumer Health Products Association... (PR Newswire)
TOUSA Reports Third Quarter 2007 Results Nov 15, 2007
These actions include, to the extent possible: limiting new arrangements to acquire land; engaging in bulk sales of land and unsold homes; reducing the number of homes under construction and limiting development activities; re-negotiating terms or abandoning the Company's rights under option contracts; considering other asset dispositions including the possible sale of underperforming assets, communities, divisions, and joint venture interests; further reducing inventory target levels; and other... (Primezone Releases)
Farmington voters say no to sale of utility Nov 8, 2007
Electricity providers both large companies servicing individual residential customers and bulk sale customers, and smaller power generators supplying only private industry interests were suddenly on equal footing when it came to selling bulk power ... With deregulation of bulk sales came sizable increases in power bid estimates when existing contracts with companies like Ameren UE were set to expire. (Park Hills Daily Journal, MO)
Banking stocks still lead the way, but Ayrton records bulk sale Nov 2, 2007
Business News of Thursday, 1 November 2007. Business News of Thursday, 1 November 2007. (Ghana Web, Ghana)
Salcon in another water concession in China Sep 12, 2007
The parties will sign the JV, concession and bulk sale agreements in a month. Chief operating officer How See Hock said in a statement the new project was Salcons sixth concession in China. (The Star Online, Malaysia -- Business)
Developer eyes $180 million deal, source says Jun 11, 2007
is investigating the possibility of a $180 million bulk sale and sale/leaseback of some of its completed condo units, according to an equity fund source. The Deerfield Beach-based company would lease out about two-thirds of the units involved, allowing it to ride out the market decline for up to four years, the source said. (South Florida Business Journal, FL)
GSE All-Share index up in dull trading Mar 27, 2007
Shares that changed hands slumped to 72,700 from 27,583,000 when CAL Bank Ghana Limited registered bulk sale of 26,892,500. Change for the year inched up at 1. (Ghana Web, Ghana)
GSE All-Share index in marginal gain Mar 9, 2007
Shares that changed hands plunged to a mere 10,300 from 8,417,400 when there was a bulk sale in Transol. Market capitalization closed at better at 112,832. (Ghana Web, Ghana)
House bill makes disclosure of Social Security numbers OK Mar 7, 2007
Bloys has spent the past couple of years trying to get legislation passed that would prevent county clerks' publishing of documents on the Internet and their bulk sale to vendors. "I don't think I've ever been more disappointed in Texas," he said Tuesday morning. (Rosenberg Herald-Coaster, TX)
Meyers targets Wilson in flap over records Mar 2, 2007
The issue of Fort Bend County Clerk Dianne Wilson's bulk sale of documents containing sensitive information to vendors for marketing purposes was exposed by the Fort Bend Herald in a series of articles in December, 2005. At the time, Wilson defended her decision to make those 15 to 20 million records accessible worldwide via the Internet. (Rosenberg Herald-Coaster, TX)
Expert says charges could be filed against Wilson Feb 24, 2007
"Anyone who does any research on any of this knows she's been making money on it," the resident said of Wilson's bulk sale of county records ... David Bloys, a retired private investigator specializing in frauds, stalking cases and political investigations, has focused the past couple of years on getting legislation passed that would prohibit county officials from publishing the document images over the Internet, stop vendors from marketing the information and prevent the bulk sale of public... (Rosenberg Herald-Coaster, TX)
RS' Kaminsky Shifts to Men's Journal as Editor Feb 3, 2007
A Wenner spokesman, however, said the newsstand falloff was due to a one-time bulk sale in first-half 2005. The monthly, whose editorial focus has shifted in recent years, still has Wenner as editor in chief, a title he added when Foster became editor in November 2006, replacing Michael Caruso. (MediaWeek.com)
Public Notices for Thursday, January 25th, 2007 Jan 26, 2007
NOTICE TO CREDITORS OF BULK SALE ... NOTICE IS HEREBY GIVEN that a bulk sale is about to be made ... The bulk sale is intended to be consummated at the office of: Emerald Escrow, Inc. and the anticipated sale date is February 13, 2007. (Santa Maria Times)
Two men, 3 women arrested in drug raids Jan 26, 2007
There, they said, they found 51 pounds of marijuana prepared for bulk sale. Police said they also found heroin and $2,130. (SunSpot.net)
Public Notices for Tuesday, December 12th, 2006. Dec 12, 2006
1, NOTICE IS HEREBY GIVEN to creditors of the within named Seller(s) that a bulk sale is about to be made on the personal property hereinafter described ... The anticipated date of the bulk sale is DECEMBER 29, 2006, at the office of Chicago Title Company, 1101 Anacapa Street, Santa Barbara, Ca 93101, ESCROW NO. 77501360-MW; Escrow Officer: Margo Wagner ... This bulk sale IS subject to California Uniform Commercial Code Section 6106. (Santa Maria Times)
Notice of Public Sale of personal property to the California Self Storage Facility Act (B&P Code 21700) Pacific Auction and Dec 6, 2006
NOTICE TO CREDITORS OF BULK SALE ... NOTICE IS HEREBY GIVEN to the creditors of Trevor Moriatry and Grisel Moriarty dba West Coast Schools ( Seller ), whose business address is 4869 S. Bradley Rd, Ste B-30, Santa Maria, Ca. 93455, that a bulk sale is about to be made to James H. Berube ( Buyer ), whose business address is 4869 S. Bradley Rd, Ste B-30, Santa Maria, Ca 93455 ... The bulk sale will be consummated on or after 12-19-2006, at First American Title Company, pursuant to Division 6 of the... (Santa Maria Times)
Sierra Bancorp Reports Record Earnings Oct 24, 2006
The year-to- date increase came despite a $523,000 drop in loan sale income, caused by the bulk sale of $21 million in mortgage loans at a gain of over $500,000 in the first quarter of 2005. However, the first quarter of 2005 also includes a $330,000 write-down of the Company's investment in Diversified Holdings, Inc., a title insurance holding company. (PR Newswire)
Public Notices For Thursday, October 12,2006 Oct 12, 2006
NOTICE TO CREDITORS OF BULK SALE ... ( Seller ), whose business address is 241 S. West Town Center, Santa Maria, CA. 93454, that a bulk sale is about to be made to Gus Arana and Rosie Arana ( Buyer ), whose business address is 241 S. West Town Center, Santa Maria, CA. 93458 ... The bulk sale will be consummated on or after October 20, 2006, at First American Title Company, pursuant to Division 6 of the California Code. (Santa Maria Times)
Attorney for Patrick O'Connell Sep 22, 2006
According to court documents, O'Connell is asking that he be "appointed custodian to operate the business of the partnership in the ordinary course until a full hearing on dissolution can be held, that he be appointed receiver at such hearing, and that the Court set a date for a bulk sale by the receiver of the assets of the partnership (as a going concern) at public auction.". In a separate suit, O'Connell is requesting that he be given the "authority to terminate the employment of an employee,... (The Burke Times, VA)
Sierra Bancorp Reports Record Quarterly and First-Half Earnings Jul 25, 2006
The increase for the half was tempered by a $547,000 drop in loan sale income caused by the bulk sale of $21 million in mortgage loans at a gain of over $500,000 in the first quarter of the prior year, although that quarter also includes a $330,000 write-down of the Company's investment in Diversified Holdings, Inc., a title insurance holding company. Non-interest expenses were kept in check mainly because of lower marketing, consulting, legal, and audit costs, and because the prior year... (PR Newswire)
Flagstar Reports 2006 Second Quarter Results Jul 21, 2006
" Highlights for the 2006 second quarter include the following: * A return on average equity of 14.5% * Opening of the 145th banking center * Loan production of $5.3 billion, including residential mortgages of $4.9 billion * Loans serviced for others of $22.4 billion * Sale of mortgage servicing rights related to $9.9 billion in underlying loans Balance Sheet and Capital Adequacy Consolidated assets were $15.2 billion at June 30, 2006 as compared to $15.1 billion at December 31, 2005 and $14.9... (PR Newswire)
Public Notices for Friday, July 21, 2006 Jul 21, 2006
NOTICE TO CREDITORS OF BULK SALE ... NOTICE IS HEREBY GIVEN that a bulk sale is about to be made ... The Bulk sale is intended to be consummated at the office of: Cuesta Title Company, 715 Tank Farm Road, #120, San Luis Obispo, CA 93401 and the anticipated sale date is August 7, 2006. (Santa Maria Times)
Inflated, Bogus Appraisals Burn Buyers and Sap Lenders' Profits Jul 20, 2006
Experts say a bulk sale at dramatically high prices, followed quickly by foreclosure, can be a strong indicator of fraud. For example, a buyer and seller might have a secret agreement to split the seller's profit and let the property go into foreclosure. (RisMedia.com)
Governor Rendell Announces $13.1 Million Investment in Agriculture, Tourism Projects Jul 19, 2006
" The Commonwealth Financing Authority approved the funding for the projects during its regular board meeting. Since last year, the CFA has approved 250 projects throughout Pennsylvania under the First Industries Fund, investing more than $44 million in the agriculture and tourism industries. The $150 million First Industries Fund provides grants, loans and loan guarantees to businesses in the agriculture and tourism industries. The following tourism planning grant was approved by the CFA:... (PR Newswire)
RUB unit yet to reopen water talks Jul 19, 2006
As a result, both parties restructured the bulk sale rate payment and the fixed monthly payment to reduce the water cost. Under the approved water bills, new regulations including key performance indicators for operators are expected to be introduced. (The Star Online, Malaysia -- Business)
Presidential Campaign Kicks Off in DR Congo Jul 1, 2006
Two years later in 1940 my grandfather, Sir Ernest Oppenheimer, agreed the first bulk sale of rough diamonds from London to Netanya. Diamond veterans in the audience will recall the visionary efforts of the then Mayor of Netanya, Oved Ben Ami, to create a diamond centre - a vision built on over the years since in Ramat Gan and Tel Aviv by many legendary stalwarts of the industry, such as Joseph Goldfinger and Moshe Schnitzer, to name but two. (allAfrica.com)
TerraVest Income Fund Releases 2006 Q1 Financial Results May 15, 2006
- The increase in sales in the third quarter of 2005 relative to the second quarter of 2005 resulted from increased Stylus sales, an increase in sales at Don Park, reflecting seasonal strength in air conditioning products, and the bulk sale of Ezee-On (Australia) Pty Ltd's inventory ... Ezee-On's performance is expected to remain flat year over year after discounting the bulk sale of inventory in Australia in 2005. (CCNMatthews Press Releases)
Pa. bills would aim to protect against ID theft May 11, 2006
HB 1918: Would end the state's bulk sale of Universal Commercial Code financing statements to telemarketers, credit-card companies and others who routinely buy the information for commercial purposes. Records would remain available on an individual basis with social security numbers rendered illegible. (Philadelphia Business Journal, PA)
More of this story May 4, 2006
Minnesota Attorney General Mike Hatch wants the Minnesota Legislature to pass a law that restricts the bulk sale of driver's license information to any commercial company. Marsha Lembke, North Dakota director of driver's licenses and traffic safety, said North Dakota's laws changed two session ago to stop companies from purchasing driver's license information. (Wahpeton Daily News, ND)
Potential buyers of Knight Ridder still emerging Jan 12, 2006
That would force bidders to offer higher prices, or to wait for the buyer to spin off assets, also likely at a higher price compared with a bulk sale. Gannett Co., McClatchy Co. and other newspaper chains have been touted as possible buyers for all or part of Knight Ridder. (Philly.com -- Business)
