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The Port Chester Blog Of Record

The Port Chester Blog Of Record - Brain Harrod Editor / Publisher
Showing posts with label USA Bank. Show all posts
Showing posts with label USA Bank. Show all posts

Thursday, March 10, 2011

03/10/11 The Port Chester Topix Message Board: Crime and courts roundup

Topix Port Chester

Port Chester - News March 10, 2011

Crime and courts roundup (thejournalnews)
PORT CHESTER: A 26-year-old village woman who reported her car was stolen is accused of covering up having been into an accident near Interstate 287, police said....
Sloppy Businessman And Mayor Wanna Be Bart Didden Twice Failed To File Financial Disclosure Reports (portchesterroundup.blogspot)
PORT CHESTER MAYORAL CANDIDATE AND INFAMOUS RACIST BART DIDDEN REPEATEDLY GETS AWAY WITH FAILING TO FILE FINANCIAL FORMS

Extremist TEA Party Lunatic Bart "The Bigot" Didden, who is the owner of USA Central Station Alarm Corp and has been running around Port Chester bragging that he is going to spend $80,000 to win the Port Chester Mayoral job that pays 12,000 a year.

A check of Port Chester financial disclosure records shows that the only sloppy record keeper was Bart "The Bigot" Didden.

It wasn't until the last week of January that perpetual law breaker Bart "The Bigot" Didden got his act together and filed his Port Chester Trustee financial reports that were due in July of last year.

So far this year Mayor Wanna Be Bart "The Bigot" Didden has missed TWO campaign financial report deadlines.

Isn't Extremist TEA Party Lunatic Bart "The Bigot" Didden the college drop out and candidate running around saying that he is going to use his business skills to make Port Chester government more efficient?

If this wing nut has repeatedly been unable to efficiently get simple financial disclosure forms out for his poorly run mayoral campaign, how in the hell is he going to apply for and get out million dollar state and federal grants for Port Chester?

We hope that Bart Didden and USA Central Station Alarm Corp are getting their personal and corporate financial filings completed on time.

The more you learn about Bart "The Bigot" Didden, the more you know that he would be the worse and most expensive mayor in the history of Port Chester.

The Good People Of Port Chester Deserve Better, Than Bart "The Bigot" Didden

What Is A Sloppy Record Keeping Loudmouth Going To Do To Help Solve The Problems Facing Port Chester Taxpayers.
Familiar faces at Customers Bank (nj)
Sidhu, former CEO of Sovereign, and Taylor, a former president of the bank, have begun acquiring banking charters in Pennsylvania, New Jersey and New York...

. ... cquired two other struggling banks that couldn't continue on their own: ISN Bank of Cherry Hill and USA Bank of Port Chester, N.Y.

It Looks Like Business Has Fallen Of At T And J's After They Hosted Extremist Tea Party Lunatic Bart "the Bigot" Didden Last January. Get a $25 Gift Certificate For Two Bucks At T And J's ....
ONLY IN PORT CHESTER: Even If You Tried You Just Couldn't Make This Stuff Up .... (portchesterroundup.blogspot)
Once Again Port Chester Voters Are Wondering What Kind Of LSD Are The Putting In Bart Didden's TEA

Extremist TEA Party Lunitic Bart "The Bigot" Didden Is Seeking To Put Spiritual Leaders From Port Chester's Churches And Temples In The Middle Of A Campaign Practices Complaint About This Year's Mayoral Election.

Yes It Is True, Bart "The Bigot" Didden Says That He Going To The Next Westchester Fair Campaign Practices Committee Today To Whine And Complain That Port Chester Mayor Dennis Pilla Has A Factual Ad That Says He Refused To Sign A Port Chester Clergy's Pledge To Keep The Election Civil.

Last month a group of Port Chester's spiritual leaders asked to meet with mayoral candidates on a busy Sunday afternoon last month, they were hoping for two things – a chance to tell Mayor Dennis Pilla and Bart Didden what's on their minds, and they wanted a pledge from both men to keep the election civil, fair and honest.

Both Port Chester Mayorial Candidates showed up to All Souls Church for the Feb. 20 meeting – Didden refused to sign the campaign pledge and left the meeting.

Mayor Dennis Pilla arrived to find an angry Bart Didden telling Port Chester's clergy he wouldn't participate in the meeting or sign the pledge.

Mayor Pilla even left a friend's wedding that he officiated at, because he felt the clergy's members meeting was so important to attend.

One church leader had left his wife with two sick kids home to attend the meeting that Bart Didden suddenly canceled.

Another pastor mentioned how difficult it was to rearrange his schedule, since Sunday was his busiest day.

Why didn't Bart Didden tell Port Chester's Clergy members days beforehand that he was not going to sign the pledge to be civil, fair and honest.

In Bart's letter to the WFCPC, he argues that the mayor's signing of the pledge – and calling for Didden to do the same – is tantamount to a personal attack.

In Didden's bizare and petty liitle world asking someone to be civil fair and honest is a personal attack.

How dare Port Chester' clergy members ask Bart Didden to be civil fair and honest !!!

The out of control Bart Didden has even got in a petty little e-mail exchange with the Reverand Bruce Baker of All Souls Church.
Patch Whiz Kids of the Week: Young Marines of Westchester
Patch Whiz Kids of the Week: Young Marines of Westchester (Scarsdale Patch)
View full size new Know a kid so smart, self-aware or sweet that he or she can only be described as a "Whiz Kid?" Each week, our site will highlight the accomplishments of local children and teens.


MiMedia Incorporates Social Media Integration (PRWeb)
Personal media platform now lets users share directly to Facebook and more. MiMedia - Your Digital Life- Anywhere, Any time, Any device "Social networking dominates the time many people spend online, so integrating these platforms into MiMedia was the obvious next step to creating an optimal user experience," said Erik Zamkoff, CEO of MiMedia.

Wednesday, February 27, 2008

02/27/08 - Port Chester Newswire For Tuesday

Port Chester News Report

USA Bank Reports Operating Results for the Fiscal Year Ending ...
CNNMoney.com - USA
Contact: Mr. Ron Gentile President & Chief Executive Officer (914) 417-3205 USA Bank 601 North Main Street Port Chester, New York 10573.

Port Chester Blog Posts

Accountant / JP Media / Port Chester, NY
JP Media/Port Chester, NY National Surgical Hospitals, Inc., Chicago, IL Colorado Surgical Hospital specializes in orthopedic, spine and pain management. This new state-of-the-art facility is scheduled to open in Denver, CO in July 2008 ...
- http://jobs.alleyinsider.com/finance-jobs/

Updated Section One boys' basketball brackets
By Dan Pietrafesa(Jim Sheahan)
Port Chester 66, Rye 47 Quarterfinals Tuesday, Feb. 19 Pearl River 37, Pelham 31 Port Chester 65, Lourdes 58 Walter Panas 57, Spring Valley 57 Peekskill 73, Tappan Zee 46 Semifinals Friday, Feb. 29 at Westchester County Center ...
Varsity Club - http://pojosheahan.blogspot.com/

Westchester Favorites
In Port Chester, try Tortilleria Los Gemelos, El Kiosko and Paleteria Fernandez (for ice cream). In White Plains, try Sunshine Deli, Mexico Lindo, Roberto's or Cancun Delights. With the exception of La Herradura, Mexican Corner ...
Chowhound's Latest » Tristate Region - http://www.chowhound.com/boards/20

USA Bank Reports Operating Results for the Fiscal Year Ending ...
PORT CHESTER, NY--(Marketwire - February 26, 2008) - USA Bank (OTCBB: USBK) reported a net loss of $4.3 million, or $0.75 per share, for the fiscal year ended December 31, 2007. This is an improvement compared to a net loss of $4.5 ...
Bankwide: Operations News - http://bankwide.com


Please send comments to PortChesterRoundup@gmail.com

Tuesday, October 23, 2007

10/23/07 - Port Chester Based USA Bank cited for violations




Fred A. DeCaro Jr., chairman and chief executive officer of the Port Chester-based USA Bank.






Banking regulators ordered USA Bank in Port Chester to stop violations of state banking regulations and address problems that have included inadequate management, staffing and training.




The state Banking Department said "unsafe and unsound banking practices" were discovered during a joint examination of the bank performed by representatives from the banking department and the Federal Deposit Insurance Corp.




USA Bank, which opened in December 2005 with a single branch in Port Chester and whose stock became publicly traded last year, is one of the newest financial institutions in Westchester County.




Yet the Banking Department said it found USA Bank was operating with poor management oversight, a poorly qualified staff and inadequate audit processes. Other problems cited by regulators included the lack of a comprehensive strategic plan and budget; inadequate training programs for the board, management and staff; insufficient information technology procedures; and inadequate policies to meet federal information security standards...

Full story: http://www.thejournalnews.com/apps/pb... -

Friday, October 19, 2007

10/19/07 - Joe "The Harvard Educated Fool" Carvin Explains How Greedy Hedge Fund Guys Have Made The Real Estate Market And Economy Collapse





Dear Port Chester Residents,

I know many of you are distressed about how greedy hedge fund guys have made foolish and risky sub-prime mortgage investments that have caused your house to loose value.

Worse yet some Port Chester residents have been forced into bankruptcy, because of the hedge fund mess.

Please don't blame me or my greedy hedge fund friends. It is your own damn fault for taking that hedge fund backed subprime loan.

But don't worry about my investments or me, because the Federal Reserve Chairman is going to use your tax dollars to bail out the subprime mortgage and hedge fund industry.

You might lose your house, but us hedge fund guys wont lose a dime. Remember rank has privilege. Beside I and the Federal Reserve Chairman expect you to pick your self up by the boot straps.

Now many of you have accused me of being insensitive and unconcerned about what was happened to the Port Chester Real Estate Market.

So I am going to put down all of these copies of the Town Crier that I always read from and speak to you off the cuff.

I know that this will make Bernie "I Forgot To Pay Over 100 Property Tax Bills" Abel mad, but I want to try and make you think that I feel your pain.

Besides, I am really getting tired of repeating the Town Crier lies month after month after month.

As you know a hedge fund guy like myself uses a proprietary investing tool, that I like to call a dart board.

Last month the dart landed on
international gold investments.

Once the dart has chosen the asset class I like to use a unique digital computer investment model.

Unfortunately, the digital computer investment model was not as unique as I thought. It looks like all of us "
Harvard Educated Fools" were given the same digital computer model in Economics 101.

Basically, thousands of "Harvard Educated Fools" like myself are using the same dice. At "Harvard we were told that the technical term for this a "Crowed Trade.

You may also hear the guys down at Vinny's Lunch refer to it as "Climbing On A Bandwagon Headed For A Brick Wall".

It sort of reminds you of my campaign to be the Rye Town Stupidvisor.

Any how, back to that digital computer model that us hedge fund guys used to create the subprime mortgage disaster that is destroying the Port Chester real estate market.

Basically, As our alpha generation collapses, our beta has turned negative, our delta hedging has gone toxic and, trust me, you do not want to hear about our gamma.

Hopefully, You can appreciate that accurate pricing is essential for evaluating my investment strategies. This has proven to be extremely challenging in recent days. Previously, I have relied on Bob, the sales guy USA Bank on Irving Avenue.

Bob assured me the securities were still worth 100 percent of face value, so everything was cool. Bob sold the collateralized debt obligations me in the first place, so he knows what he’s talking about.

Bob, however, appears to have had a nervous breakdown, judging by the maniacal laughter that greeted my requests for price verification this week.

I therefore decided to implement an in-house valuation report, using a technique the Abel's And The Westmore News like to call “making things up,”

However, this proved unsatisfactory.

Currently, all of the portfolios I manage are undergoing a rigorous screening known as “crossing my fingers and praying that we don’t have to try and find a bid in this market.”

This is supplemented by a cross-market statistical analysis originally developed by the U.S. military called “don’t ask, don’t tell.”This “unmarking-to-unmarket” procedure has been the benchmark for the hedge-fund industry for the past, ooh, few weeks.

I have, of course, been in touch with the rating companies to update our default-probability scenarios, particularly on the AAA rated investments I own. They recommended a forecasting method using stochastics to regress the drift-to-downgrade timescales for the past 100 years and throw them forward for the next five minutes.

The technical term for this is “induction,”though those of you of a less quantitative bent may know it as“making a wild ass guess.”

I am very pleased to report that, contrary to what current market prices might suggest, all of our houses will continue to have some value. Provided, that is, the future performance of the underlying collateral is identical to its history.

Otherwise, the credit rating companies and Realtors say our homes are likely to be reclassified as “toast.”

Personally, I have also been checking on my back-up credit lines with my friends in the investment-banking world. As soon as they return my calls, I’ll be able to update you on my emergency liquidity position.

Please Don't worry, I am sure more credit is available.

On the business side of my life, some of my investors have written to me asking for their money back, citing clauses in my fund documentation called redemption rights.

Frankly, I never expected you to actually read that prospectus, which came prepackaged when I bought the Microsoft-Hedge-Fund-Guy-Software.

I certainly have no idea what all those long words mean.

I have filed your letters in a special drawer in the filing cabinet marked “trash” for now.

Do you have any idea how much trouble you all would be in if I actually sold this stuff in the market today? At these crazy prices? Fuhgeddaboudit. You’ll thank me later.

Speaking of crazy prices, I know you’ll be thrilled to learn that I have been sending out invitations to a bunch of rich guys like Bruno "Spot Zone" Gioffre and Gary "I Made Over A Million Bucks At Horton School" Gianfrancesco.

I am asking Bruno "Spot Zone" Gioffre and Gary " I Made Over Million Bucks At Horton School" Gianfrancesco to participate in this once-in-a-lifetime opportunity.

I also have calls out to Aldo "The Patronage Boy" Vitagliano and the Rye City Republican Chairman Anthony "I Only Got 3/4 Of A Million Dollars Of Tax Money" Pisonere.

But this is not a rescue. Do not even think the word rescue. This is an opportunity. Not a rescue. An opportunity.

In fact, I think this is such a fantastic opportunity, I have agreed to forgo my usual management fee, and I will only take half my usual slice of the profits. Provided there are any profits to slice.

You, of course, are absolutely invited to participate in this offer by sending me any extra money that you have laying around your house.

Since, the Town Of Rye has cut taxes two years in a row you may want to send those savings to me.

Finally, a word for all of you who have been kind enough to inquire about my personal financial situation. I am relieved to report that my directors and officers insurance is fully paid up.

Furthermore, my fancy sports car was paid out of the 2 percent fee I levied when you wrote your first check to me, so I will still be able to trundle into the parking lot each morning in an open-necked shirt to ignore your telephone calls and e-mails.

Plus, If you are foolish enough to vote for me in November, I will be able to draft a resolution with Port Chester Republican Chairman Billy Vilanova that will allow the Town Of Rye to invest in my hedge fund. Right now we are investing in
Tajik Gold mines.

Yours,

Joe "
The Harvard Educated Fool" Carvin


Your Local Neighborhood Hedge-Fund Guy.

Thursday, August 23, 2007

08/23/07 - Business - Overall, USA Bank's total past due loans as a percentage of total loans is considered manageable at 1.7%.


HEADLINE:




STORY:


Fred DeCaro, Jr., Chairman of the Board of USA Bank, announced today that USA Bank (OTCBB: USBK) has increased its asset base at June 30, 2007 to $149 million, an increase of $43 million, or 41%, over the $106 million reported at December 31, 2006. Mr. DeCaro, Jr. further stated that, “Loan quality continues to be exceptional, as evidenced by the fact that the Bank has only one classified loan, for .......


......Mr. Ron Gentile, the President and Chief Executive Officer, stated, "That with the continued growth of high quality loans, the Bank's net interest income should become a major factor in operating result improvements on a quarterly basis during the forthcoming quarters." Mr. Gentile further reported that, "As of today, the Bank has a pipeline of commercial real estate loans for portfolio of approximately $34 million and a pipeline of commercial and residential mortgage loans for sale of approximately $55 million, which is impressive in this challenging environment."


The Bank has also developed a draft of a new Strategic/Business Plan. It was developed in cooperation with the Bank's Board of Directors, senior operating management and FinPro, Inc., who is represented by Mr. Nicholas J. Ketcha, the former Head of the Division of Bank Supervision for the Federal Deposit Insurance Corporation in Washington, D.C.


This press release contains forward-looking statements which reflect our current views with respect to future events and financial performance. There may be factors, including those described in the Bank's Quarterly Report on Form 10-QSB for the quarter ended June 30, 2007, that could cause actual results to differ materially from those indicated.


Read the rest of this entry: Market Wire - Earnings Reports


In compliance with copyright and fair use standards, this story has been truncated. Please click on the Source URL link below to read the entire story.




Reporter: Fred DeCaro, Jr.Chairman of the Board (914) 417-3211




For more information regarding USA Bank visit thier website at http://www.usa-bankers.com/.


ALSO:


USA Bank is hiring!


USA Bank is always looking for excellent candidates with strong customer service skills. We are currently accepting resumes for loan officers and other positions. Contact
Human Resources for a full list of available opportunities.


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