Be the proud sponsor of this campaign, President Ken Dennis and Rotary Foundation Chair Keith Tsukishima are raising funds by doing as many push up in 90 seconds. Keith is aiming for 60 push up in 90 seconds. President Ken is training hard aiming for 40-50 push up by the challenge date.
Pledges now standing at $4,000. we love to hear from you, please send in your pledge to [email protected]. Half goes to the Rotary Foundation to do good work around the world, half goes to End Polio...funds you donate will be matched 2 to 1 by Bill & Melinda Gates Foundation. Together we can make the world Polio free. Enpolio.org
On Oct 30 DG Garry Shearer will be visiting our club.
DG Garry is visiting during one of our social evenings, and this one in particular is really special. Please try to make this evening if at all possible and show our DG that we are here to support him and also because it is a FUN evening. You are encouraged to bring friends, associates and potential Rotarians.
Evening Highlights:
DG Garry Shearer official visit - Induction of new member (come out and see who!)
Welcoming back of a missed member ( woohoo! )
Special Presentation from GRANVILLE ISLAND BREWING
Some Prize Draws (Pres. Ken gets great stuff! - bring some money for tickets)
Harold's Bistro is giving our club 20% donation of all food orders that evening!!
This is going to be a really fantastic evening with about 40-50 of our closest friends. It's casual, It's fun, it's an affordable meal (off the menu, no entry fee) -- come and join us! BUT -- please RSVP right away via e-mail to [email protected] and let him know how many can attend. Spacing is limited!
Guest speaker David Sam got us really thinking about the economy.
Our visitors on Oct 16 were guest speaker David Sam, Matt Carter-guest of President Ken and Anna Au-Richmond Rotaract President.
David is Manager Business Development of the TD Commercial Banking. Here is the excerpt of David's speech. Read complete speech
How is Commercial Banking different from Small business banking?
Small business banking is the bread and butter of the Canadian economy and we rely on Small business for new job creation... I operate in Commercial Banking and how does it differ?
SBB typically is owner operator with staff of 5+ / CB is typically more organizationally structures say with a President, CFO, Operations Manager.. etc.
CB typically starts lending at $500K and we go up to $20MM. SBB is more off the rack whereas CB we customize our financing solution (including cash management)
Bank operates in segments... so start at SBB > to > CB > to Corporate > to TD Securities (investment banking)
What type of deals do we do?
Simple real estate deals... financing light industrial strata warehouse and offices, whole distribution warehouses, multi unit residential and mixed use
Other end of spectrum are the Complex cash flow loans for: acquisitions, owner buyouts, restructuring and multi borrower lending with mezzanine debt layered on
Our bread and butter are: professionals, such as dentist, accountants and lawyers
wholesalers & distributors (our branch banks roughly 80% of the rice wholesalers in the lower mainland)
Import / export ...typically more imports here
Manufacturers and service companies
We do not do construction financing at Richmond as it is very specialized financing who we refer to our BC Real Estate team down town ...
Headwinds for 2014 and beyond...
Large fiscal debt in USA and Canada... recovery is slower than expected in Canada...ongoing quantitative Easing and new Fed. Reserve Chair woman
Federal Reserve.. find out who they are... look at the story... Federal Reserve and Jekyll island history
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