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  1. 1702649533802.jpg.616db86533c043d34805ce8ccf42bbdc.jpg

    On December 12th, a Nation Recovery agent was shot and killed in California. On December 13th, a B&S Collateral Recovery camera car driver was shot and killed and the accompanying repossession agent seriously wounded and hospitalized by gunfire in an upscale Alabama neighborhood. This marks two recovery agents murdered in two days and seven recovery agents murdered in the last six months. 
     
    As an industry, we’re grieving – for the loss of life, for the loved ones they leave behind, but also for the state of our industry. Our agents and our staff are in more danger than ever. We go to bed each night praying, wondering if our staff will be alive the next day. This isn’t and shouldn’t be normal. 
     
    President Roosevelt once said, “Great thoughts speak only to the thoughtful mind, but great actions speak to all mankind.” It’s time to take action. What would it look like for our industry to stop waiting solely for our lobbyist, our government, our councilmen, our lenders, or even our associations to take action? What would it look like if ALL associations across the country put aside any biases they have towards other associations, forwarders, lenders… and decided to take action? 
     
    Our recovery agents need body cameras and body armor to protect them and serve as a deterrent. Police officers wear them for a reason, and they statistically are proven to save lives. What if we worked to ensure every recovery company in the nation had body cameras and body armor for their staff? Yes, they are extremely costly, and most recovery companies cannot afford them. What if we started a fund for ANY recovery company who cannot financially afford to purchase this equipment to have access to body cameras and body armor? What if…? 
     
    If you’re the head of a recovery company, recovery association, lending or forwarding company, it's time to come together and have a meeting of the minds to make this happen. It’s literally a matter of life and death. Let’s start with a Zoom call in January, and plan to meet in person in Q1. Let’s make 2024 the year we make changes that will impact the safety and well-being of every person who works in the recovery industry. Let’s make it the year where we have no causalities in the recovery industry. 
     
    Please email me at vaughn@houstonrepo.com or call me at (972) 877-1130, if you’d like to be part of this movement for change. 
     
    Vaughn Clemmons 
    President of Automobile Recovery Bureau, Inc. & American Recovery Association (ARA)

     

  2. 1 dead, 8 injured in fiery pileup wreck on Loop 375 in far East El Paso

     

    A 28-year-old man was killed in a nine-vehicle crash caused by the driver of a heavy tow truck who was unable to avoid striking a vehicle in front of him as traffic slowed on a far East El Paso highway, authorities said.

     

    The driver of the gray Peterbilt heavy tow truck was traveling on Loop 375 North between Pebble Hills and Edgemere boulevards near Montana Avenue about 5:30 p.m. Wednesday, Nov. 8, when traffic began to slow down on the highway, El Paso Police Department officials said.

     

    Seven of the vehicles in the crash caught fire.

     

    As traffic slowed, the driver swerve to avoid hitting a Ford Edge in front of him, but was unable to avoid the collision.

     

    The crash then caused a chain reaction with the Ford Edge being pushed into a Dodge Charger that was then pushed into a Honda Accord, officials said.

    The Ford Edge caught fire. The crash caused the vehicle to be redirected and it struck a Ford Ranger, officials said.

     

    The drivers of four vehicles — a Toyota Camry, Pontiac G5, Hyundai Tucson and Hyundai Elantra — all attempted to avoid the crash but were unsuccessful.

     

    The Honda Accord driver, a 28-year-old man, died at the scene of the crash. His name was not released.

     

    The eight other drivers involved in the wreck were taken to hospitals for treatment.

     

    One of the drivers suffered severe injuries, El Paso Fire Department officials said. The seven others sustained "minor to moderate" injuries, fire officials said.

    No further information was released.

     

    Loop 375 was shut down for hours because of the crash but was reopened early Thursday morning.

     

    RESOURCE LINK

  3. Teenager charged with shooting tow truck driver near metro Atlanta college

     

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    LAWRENCEVILLE, Ga. — A teenager has been arrested and charged with shooting a tow truck driver near Georgia Gwinnett College earlier this week.

     

    Lawrenceville police told Channel 2 Action News that a 35-year-old tow truck driver was shot and suffered non-life-threatening injuries near the college campus on Tuesday morning.

     

    On Friday, police announced that Jamarion Lewis, 18 of Winder, was arrested and charged with aggravated assault and possession of a firearm during the commission of a felony.

     

    Investigators say they responded to reports of gunshots in the area of the college. While they were responding, a relative of the victim called 911 and said they were taking the man to the hospital.

     

    The tow truck driver was shot once and was able to run away before being picked up and taken to the hospital.

     

    Lewis is being held in the Gwinnett County Jail. The victim is still hospitalized and recovering from his injuries.

     

    RESOURCE LINK

  4. Tow Truck Crashes Into Bridal Emporium Early This Morning

     

    An accident early this morning in Endwell forcing the Bridal Emporium to close for the time being. 

     

    A tow truck crashed into the front of the building early this morning after striking a pole at the intersection of North and East Main Streets. 

     

    According to a post on the store's Facebook, the building has major damage to its structure. The post saying that no one was seriously injured. 

     

    RESOURCE LINK

  5.  

    ST. LOUIS, Mo. (KMOV) - A St. Louis man who police say is the owner of a towing company is facing felony kidnapping and assault charges after allegedly attacking a homeless man in an incident over a missing truck.

    St. Louis Circuit attorneys on Tuesday charged 26-year-old Keith Maurice Isabell Jr. with counts of first-degree kidnapping, first-degree assault and fourth-degree assault in the Oct. 4 incident near the intersection of South First and Gratiot streets.

    According to charging documents, Isabell and three other people, who were not identified in the affidavit, were searching the area near the incident for a tow truck. The victim, a homeless man, told Isabell he saw the truck and took them to where he saw the vehicle.

    When they arrived at the location the victim said he saw the vehicle, the truck was not there. Isabell is then seen on video surveillance dragging the victim by his shirt while the others follow. One of the men is seen on video carrying a rifle, police said in charging documents.

    Isabell and the others allegedly drug the victim back to a nearby homeless encampment where they assaulted the victim and another homeless person. The second victim was shot in the buttocks, allegedly by the unidentified suspect carrying the rifle.

    Isabell later in the evening returned to the scene again looking for the truck and again assaulted the victim, punching him in the face, according to charging documents.

    Isabell is currently held in the St. Louis City Justice Center without the possibility of bond. Charging documents do not state what towing company he allegedly owns. A search for Isabell on the Missouri Secretary of State business lookup yielded no results.

    RESOURCE LINK

     

     

  6. Tesla catches fire in Fresno towing company, firefighters say

     

     

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    FRESNO, Calif. (KSEE/KGPE) – A Tesla brought for repairs caught fire and reported to the Fresno Fire Department on Monday, firefighters say.

     

    Fresno Fire says they received a call for a car fire at the intersection of Weber and Shields Avenues on Monday afternoon.

     

    Upon arrival, fire crews say they saw white smoke coming from a Tesla at a local towing company.

     

    Fire officials say the vehicle was brought in for road damage and the smoking started shortly after the vehicle was brought in. The tow truck driver was able to pull the Tesla away from the buildings when the smoke escalated.

     

    Fire crews say they were able to evacuate all the people in nearby businesses and no injuries have been reported. Around 30 to 50 people were operating when the incident happened.

     

    Firefighters say the vehicle is reported as a total loss.

     

    “One of the hazards with these types of vehicles, and even when the vehicle is extinguished, you can see them reignite some hours or days later,” said Battalion Chief Lupe Fernandez.

     

    The Fresno Fire Department says they had to let the car burn itself because they were not able to save it.

     

     

     

    Tesla catches fire, shutting down Fresno street over lithium battery concerns

     

    A Tesla burst into flames Monday afternoon in central Fresno, shutting down Weber Avenue near Dakota Avenue, as firefighters worked to control a blaze in a lithium battery without using water.

     

    By 8 p.m., Weber was reopened to north and south traffic.

     

    The fire started in a tow yard around 4 p.m., said Battalion Chief Lupe Fernandez. Arriving firefighters quickly realized that shooting water on the battery could cause an explosion, and worked with the tow truck driver to pull the vehicle away from structures. Workers in nearby buildings were also evacuated and the fire department’s hazardous materials team was called in.

     

    Also sent to the scene was a Fresno County environmental health team to test water and air nearby. Fernandez said that by about 5:30 p.m., both appeared to be normal.

     

    Firefighters were not certain whether the fire had completely consumed the battery, so they opted to cautiously watch the car.

     

    Fernandez said lithium batteries pose special problems for firefighters, and there is not yet an industry standard about how to manage such fires. He said it is possible for a battery that appears to be consumed to reignite hours, or even days, later.

     

     

  7. Todd Leiss posted: Russell Update #9

     ·

    Update on Injured Pennsylvania Tow Truck Operator struck on Route 222 in Lancaster County

     

    He finally got down for the MRI yesterday. He did good all day off of all his meds still. He gets a push of pain meds when needed when his blood pressure goes up and he seems agitated. However, the MRI did prove he had severe brain damage. Where we go from here is all up to Russell. We will not give up on him, we will not leave him by himself. We will be right by his side through all of it no matter how long it takes because we will be bringing him home at some point. Just may not be as soon as we had hoped.

     

    Please continue to pray because he needs them more than ever now.

     

    He has a very very long road ahead and with it comes ups and downs.

     

    Today he is also doing very well at maintaining good vitals and a good temperature. We started his daily exercises to help with his muscle strengthening.

     

    We remain optimistic and hopeful.

  8. Mario Themed Tow Truck was Stolen out of Lansing, MI - Sunday 09.10.23 has been recovered in Trenton, NJ - Friday 09.15.23

     

    P.J. Daly @PJtows released this statement:

     

    Update, truck is found!!!

    Huge shout out to Hawks Towing in Trenton, NJ who found our truck along with all my Towing Friends and Family!!!

    Thank you for all the love, help and support!! Can’t wait to get Mario home to Michigan!!!

     

     

    376266369_10223674619988686_2161916682141250763_n.thumb.jpg.a60237f98b859a160cbd30e5b52a6356.jpg

     

    Top Image is how the truck appeared prior to being wrapped. The next two are after the Mario Themed wrap.

     

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    The Truck after it has been recovered, was already stripped of its wrap and likely headed to one of the many ports.

     

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    Can we make this place Famous in Trenton, NJ                     Shout Out to the HERO's at Hawks Towing & Recovery

     

     

    • Like 1
  9. https://youtu.be/tYmvXX7R6R4?si=fhnBotewMRY5scQS

     

    DENVER — Mayor Mike Johnston plans to house 1,000 people currently living on the streets of Denver by the end of the year. The conversation surrounding solutions to the homelessness crisis has consumed the city, but the voices of people who are unhoused can get lost in the crowd.

     

    Juan Torres met with Denver7 while doing laundry at The Wash House in Littleton. Torres has been staying at a Denver hotel that was converted into a shelter for the past month.

     

    "People probably look at me and just think I look like I'm healthy," said Torres. "They have no idea what I've been through.”

     

    Born and raised in Denver, Torres never thought he would experience homelessness. He owned a tow truck business until 2018 when he had his first heart attack.

     

    “I went into a real deep depression after my heart attack. I didn't know where that came from. I didn't want to leave my room," Torres said. "By the time I finally came out of my depression a little bit to do something, you know, we were way too far in the hole.”

     

    2018 was the year Torres lost his business and home.

     

    "We were staying in our car, staying with friends," Torres said. “No place to go.”

     

     

    In 2020, Torres suffered a second heart attack. He also went into kidney failure and needs dialysis three times a week.

     

    “It's hard for me to keep a job, you know, because I have a lot of doctor's appointments," Torres explained. “The situation I'm in is due to my health. It's not because of alcohol use or drug use or anything like that.”

     

    Torres said he needs a new kidney, and if he can get the transplant, hopes a new job is next.

     

    "I've got to get stable housing, though, to be on the active list," Torres said.

     

    Torres hopes permanent housing will allow him to get a kidney transplant. His family has created a GoFundMe fundraiser to collect donations that will go towards his housing.

     

    “It's been a roller coaster. It's been ups and downs. You know, we try to make the best of every day," said Torres. “I just hate having to ask for help all the time. I hate having to always ask friends to do things for me.”

     

     

    He said everyone has a story that explains how they found themselves in a similar situation and hopes others remember that as well.

     

    “If you're dirty and grungy, they're just thinking that you're just a bum and, you know, you can't take care of yourself, whatever, when it could be way more to it than that," said Torres. “A lot of people talk about it, but [do not talk to the] people that are dealing with it.”

     

     

    RESOURCE LINK

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  10.  

    LINCOLN, Neb. (KLKN) – The owner of a Lincoln towing company was arrested Wednesday after a standoff at the business, the Lancaster County Sheriff’s Office says.

     

    Around 8 a.m., the Fugitive Task Force went to ALLways Towing near 56th Street and Schweitzer Road to serve an arrest warrant.

     

    The owner of the business, Jeremie Garrison, had two felony warrants, Chief Deputy Ben Houchin said.

     

    “He ran from the Lincoln Police Department over the weekend in his tow truck,” Houchin said.

     

    During the standoff, the task force learned that there may have been a shotgun inside, though no shots were fired.

     

    Garrison did try to drive his car through the garage to escape, but he crashed into a law enforcement vehicle and immediately went back inside the building.

     

    Houchin said that around 10:45 a.m., Garrison came out with his hands up and was taken into custody.

     

    No one was injured.

     

    Jeff Herz, who owns J&H Specialty Contracting nearby, said he stayed inside during the commotion.

     

    “I was worried maybe a flying bullet would be zooming by,” he said.

     

    Herz said he’s seen police in the area before, surveilling ALLways Towing.

     

    “It’s very suspicious stuff over there,” he said. “I try not to go up that area very far, just ’cause who knows what’s going on?”

     

    Herz said he’s watched people from the business drive their classic cars up and down roads in the area, doing cookies and burnouts.

     

    “They raise some heck over there,” he said.

     

    An investigation is ongoing, and officials will be searching the building for any more evidence.

     

    “I’m just glad he came out and no one was hurt, ” Houchin said. “It did take a little bit, but again, talking to him and getting him out with nobody getting hurt is the best way.”

     

    Garrison could face additional charges, according to Houchin.

     

    RESOURCE LINK

  11. CLINTON, N.Y. -- Joe Lomanto, the longtime owner of Clinton Collision, passed away at the age of 93.

     

     

     

    He started his business in 1953, after returning from the Korean War.

     

    The business started with an old beat-up tow truck, but after years of working days, evenings, and even overnights, the business is now a towing empire.

     

    One of Lomanto’s most outstanding accomplishments was towing a 156-ton DC-11 Aircraft that got stuck in the snow on the Griffiss runway.

     

    His family felt it only fitting to end his time on earth the same way he lived it—with his tow trucks. 

     

    Lomanto’s daughter, Holly Lomanto O’Conell, talked about who he really was. 

     

    "He led by example, and to be honest, I don’t think there’s anybody else I know in this world that was as hard working and dedicated as he was to not only his family, but his business and his friends," O'Conell said. 

     

    Lomanto not only served his country in the U.S. Army during the Korean War, but he also spent 59 years with the Clinton Fire Department.

     

    The department showed their respect at church services and with a firefighter’s final sendoff. 

     

    Past Clinton Fire Chief Kevin Griffin says he'll be missed and well-remembered. 

     

    "Joey was a legend. Everybody knew him as Joey, and the worst thing a fire chief wants to hear is ah Chief we got an issue here. Send Joey and have him bring his big one. They’ve been around forever. Everybody knows them and you know even doing this today doesn’t seem like it’s enough," Griffin said. 

     

    Following the church services, dozens of tow truck operators from around the state gave their final respects with a honk of the horn. 

    O’Conell talked about how fitting the tribute really was. 

     

    "To me, it goes to show how many lives he impacted, and I think it was great. It was a sign of respect for him. I think that it just showed how many lives he touched and how impactful he was in this community. I mean he’s been a pillar her for 93 years, and he was friends with…if anybody knew him, you were friends with him," O'Conell said. 

     

    RESOURCE LINK

  12. FOX 2 (WJBK) - A 29-year-old driver was killed after crashing into two stopped Oakland County Sheriff's Office vehicles on M-59 late Saturday night.

     

    The deputies were blocking traffic so a disabled vehicle could be removed from the highway at the time of the crash. Two sheriff's deputies were injured in the crash, which happened at 11:59 p.m. on eastbound M-59 near Rochester Road in Rochester Hills.

     

    The driver of the truck identified as Nicholas Leach of Shelby Township, was trapped in his Ford F-150 truck, and was extricated by Rochester Hills firefighters. He was taken to the hospital where he was pronounced dead.

     

    Deputies were on the scene to assist with traffic as a vehicle that had caught fire earlier was being removed by a tow truck from the left lane of M-59.

     

    The deputies were sitting in their marked vehicles with emergency lights on blocking traffic on the shoulder and the left lane of M-59.

     

    Leach's  2004 F-150 truck heading eastbound, rear-ended the patrol vehicle blocking the left lane, causing the patrol vehicle to spin, and hit the second patrol vehicle that was blocking the shoulder. The truck came to rest on the side of the road.

     

    The truck failed to move over or slow down for the emergency vehicles, which led to the crash, according to the sheriff's office.

     

    "While the crash investigation is ongoing, the one thing is that is clear is how dangerous it is for emergency vehicles and wreckers on the side of the road," Sheriff Michael Bouchard said. "It is a tragic reminder to the public to stay capable of driving, focused and move over a lane, away from any emergency vehicles on the side of the road as required by law." 

     

    RESOURCE LINK

  13.  

    Three people, including two children, have died after the driver of a low-bed tow truck transporting a vehicle lost control on a bend and struck four children who were walking to school in Chatsworth in the south of Durban this morning.

     

    Advanced Life Support Paramedics spokesperson Gareth Jamieson says the driver and two of the children, aged six and nine, died on the scene. The tow truck overturned in the crash.

     

    Jamieson says of the two surviving children, one was rushed to the hospital in a critical condition.

     

    “On arrival, paramedics found total carnage as they found a fully loaded tow truck had somehow lost control on the bend and struck four children before overturning and coming to rest on its roof. Paramedics immediately did a triage and requested more assistance from ambulances and advanced life support paramedics. A total of five people were involved in this collision; unfortunately, three occupants, including two small children aged approximately six and nine, were declared deceased at the scene.”

     

    https://www.sabcnews.com/sabcnews/three-dead-after-tow-truck-ploughs-into-pedestrians-in-chatsworth/

     

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    Tragic Friday – scholars and tow truck driver killed in Umhlatuzana crash
     
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    Tragedy unfolded on Chatsworth Main Road, in Umhlatuzana, this morning where a fatal crash claimed the lives of a driver and two minor scholars when a low bed tow truck with a load, veered off the roadway and crashed into the children. A third child who was rushed to hospital reportedly passed away from the extent of the injuries sustained.
     
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    PT Alarms Armed Response rushed to the scene where they met various emergency services and security companies and as well as law enforcement units.
     
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    The driver of the tow truck and two children sustained fatal injuries and were declared deceased on scene.
     
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    Two other scholars sustained various injuries and were stabilized on scene before being rushed to nearby hospitals for further medical care.
     
    Police are investigating further.
     
    PT Alarms extends our heartfelt condolences to the families of the deceased victims.
     
     
  14. North Side father, son sentenced in shooting that injured 2

    A Pittsburgh tow-truck driver is going to prison, and his son is getting probation after 18 months in Allegheny County Jail, for their roles in a February 2022 shooting that injured two people.

     

    Common Pleas Judge Bruce R. Beemer on Thursday sentenced Kurt Ianuzzo, 53, of Pittsburgh’s North Side, to 2 1/2 to 5 years in prison for aggravated assault, with four years of probation to follow on two more aggravated assault charges, court records show.

     

    Kurt Ianuzzo pleaded guilty in June to all three assault charges, court records show.

     

    Beemer on Thursday sentenced Jake Ianuzzo, 24, Kurt’s son, also of the North Side, to 18 to 36 months in prison on a firearms charge, followed by three years of probation, court records show. Jake Ianuzzo served 545 days — about 18 months — in Allegheny County Jail awaiting trial, however, so Beemer sentenced him to time served and ordered him to be paroled this week.

     

    Jake Ianuzzo pleaded guilty in June to firearms charges and three counts of recklessly endangering another person, court records show.

     

    Both men were charged in February 2022 with three counts each of attempted homicide and aggravated assault, as well as firing a gun into an occupied structure. Police initially filed an additional weapons charge against Kurt Ianuzzo.

     

    Attorneys for the Ianuzzos were not available Friday for comment.

     

    Officers responded to multiple Shotspotter alerts in the North Side, near Allegheny General Hospital, at about 10:40 p.m. on Feb. 10, 2022, Pittsburgh police spokesperson Cara Cruz said at the time. They found a male victim with a gunshot wound to his back in a home in the 900 block of Woods Run.

     

    The victim, who was taken by ambulance to Allegheny General Hospital in critical condition, told police he was shot in the back while watching television in his bedroom, according to court documents.

    A second victim, who was shot in the ankle, was found sitting in a tow truck at Woods Run and Maridale Avenue, police said. They also were taken to the hospital, and were listed in stable condition.

     

    The second victim and the Ianuzzos are tow-truck drivers, the criminal complaint said.

     

    The victim and a sibling confronted the Ianuzzos at their Woods Run home after the Ianuzzos arrived first at the scene of a wreck on Route 65 at the McKees Rocks Bridge, the criminal complaint said. An argument ensued.

     

    The victim told police the Ianuzzos went inside their house and each returned with a gun and began shooting at the victim, who noticed the ankle wound while driving away.

     

    Court documents indicate Kurt Ianuzzo told police that he returned fire after the victim and sibling allegedly shot first. Kurt Ianuzzo said “his son had nothing to do with it,” police said.

     

    Police said surveillance video showed Kurt Ianuzzo emerging from his home with two firearms, including a sawed-off shotgun. Jake Ianuzzo carried an assault rifle, police said.

     

    The victim and sibling, who did not appear to be armed, were “approximately four houses down the street and Jake and Kurt began to fire in their direction,” the criminal complaint said.

     

    The Ianuzzos were firing in the direction of the home where the man watching television was struck, police said.

     

    Video footage showed that “Jake and Kurt then run onto the front porch and continue to shoot in a reckless manner down Woods Run Avenue,” the criminal complaint said.

     

    A judge denied both Ianuzzos bail after their arrest on Feb. 12, 2022, court records show. They have been at the Downtown jail since that time.

     

    RESOURCE LINK

  15. CHICAGO - A tow truck driver was shot in his vehicle in Little Village Friday morning. 

     

    Chicago police say the victim, 35, was driving in the 3300 block of West Cermak Road at 2 a.m. when he was struck in the torso by gunfire. 

     

    The victim was transported to Mt. Sinai Hospital in good condition. He was unable to provide farther details to investigating officers. 

     

    No one is in custody for the shooting at this time.

     

    RESOURCE LINK

     

    RESOURCE LINK II

  16. BENSENVILLE, Ill. - A Des Plaines man has been charged after allegedly leaving the scene of a fatal accident Monday in the northwest suburb.

     

    Joseph Sarb, 42, is accused of driving a tow truck into a business parking lot around 10:14 p.m. where 46-year-old Daruisz Zalewski crashed into him while riding a motorcycle near Irving Park Road and Walnut Avenue.

     

    Zalewski was launched from his motorcycle onto Irving Park Road, officials said.

     

    Sarb continued driving through the parking lot and got back onto Irving Park Road before fleeing the scene.

     

    Zalewski was found by officers lying unresponsive next to his motorcycle. He was rushed to a local hospital where he died.

     

    Sarb was arrested Wednesday at his residence and charged with one count of leaving the scene of an accident causing death.

     

    "The allegation that Mr. Sarb failed to stop and help a man who had just been knocked off his motorcycle and instead fled the scene are extremely troubling," DuPage County State's Attorney Robert Berlin said in a statement. "Additionally, leaving the scene of an accident in which you were involved that left a fatally injured man lying on a dark street, as alleged in this case, is not only illegal, it is morally reprehensible. I extend my sincerest condolences to Mr. Zalewski's family and friends as they grieve this senseless, terrible loss."

     

    Sarb was ordered held on a $250,000 bond. He is scheduled to appear in court on Aug. 31.

     

    RESOURCE LINK

     

  17. PORTLAND, Ore. (KOIN) – Eastbound traffic is delayed on Highway 26 as emergency crews clear a crash involving a tow truck and a cement truck Thursday afternoon, deputies say.

     

    According to a tweet from the Washington County Sheriff’s Office, the tow truck had been towing the cement truck when it “lost control, and both vehicles flipped over” near the Jackson School Road offramp.

     

    Officials say the crash caused minor injuries, but did not identify those injured. It is not yet clear what caused the accident.

     

    Officials say traffic will be down to one lane as crews continue to clear the road.

     

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    RESOURCE LINK

     

     

  18. Santander has laid off its head of commercial banking as it reorganizes its U.S. business.

    The bank will be consolidating its commercial banking business with its commercial real estate business and vehicle-financing businesses.

     

    Santander has laid off its head of commercial banking, Joe Abruzzo, as it reorganizes its U.S. business.

     

    The Boston-based subsidiary of Spain's Banco Santander (NYSE: SAN) will be consolidating its commercial banking business with its commercial real estate business and vehicle-financing businesses.

     

    The announcement of the consolidation was made internally late last week in a town hall, according to a source familiar with the announcement. The consolidation went into effect July 24. The two business units had separate structures and reporting lines, and Santander executives announced to employees it plans to combine the two units into one commercial banking department. 

    Santander, previously based in Wyomissing when it was known as Sovereign Bank, is the seventh largest bank in the immediate Philadelphia region with $7.8 billion in deposits, according to Federal Deposit Insurance Corp. data as of June 30, 2022. The bank has cut its local branch network from 71 in 2020 to 52, including shuttering five in the past 12 months.

    The move promotes two employees and cuts Abruzzo's position. New York-based Abruzzo was senior executive vice president and head of commercial banking at Santander since June 2020. Prior to that he had spent six years with HSBC and 26 years with JPMorgan Chase & Co. Santander confirmed Abruzzo's departure from the company.

    The new commercial bank will be headed by Providence, Rhode Island-based Michael Lee, who is the current managing director of commercial real estate banking at Santander. Lee has worked with Santander, and its predecessor banks, for over 40 years. Patricia Packard in Boston will expand her role from running government and nonprofit banking to taking on middle-market banking for Boston and New England. In January, Santander hired longtime JPMorgan Chase executive Mark Schrieber to lead middle market lending bankwide.

    The consolidation of the two businesses is focused on simplification, a source told the Boston Business Journal, a sister publication. Santander's vehicle-finance business is not to be confused for Santander Consumer USA, the company's Dallas-based consumer auto-financing unit. Santander's vehicle finance business focuses on business clients, not consumer lending.

    “We remain steadfast in our commitment to middle-market companies here in New England, and in our important sectors such as not-for-profit and government banking. What we're doing is making internal changes to more effectively serve those clients,” Tim Wennes, CEO of Santander US, told the Business Journal.

    Jeff Blumenthal contributed to this report.

    https://www.bizjournals.com/philadelphia/news/2023/07/25/santander-lays-off-commercial-bank-chief-consolid.html

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