Category: Blog

OGDEN, Utah, March 09, 2022 (GLOBE NEWSWIRE) — TAB Bank announced today the launch of its latest online and mobile platform, ushering in a new era of customer experience and future capabilities for businesses and consumers. The new banking external interface and back-end platform creates a consistent experience between mobile and online banking, and gives customers…

OGDEN, Utah, Feb. 22, 2022 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a demolition company in Alaska with a $2 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. The company is a full-service demolition contractor that…

OGDEN, Utah, Jan. 25, 2022 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a foundry in New York with a $7 million asset-based credit facility. The new facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs. The company designs and manufactures high quality ductile…

OGDEN, Utah, Jan. 20, 2022 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a quality assurance serve provider in Texas with an $5 million asset-based credit facility. TAB was introduced to the company through an established broker/consultant relationship because the company’s previous lender was not able to facilitate growth based on a…

OGDEN, Utah, Jan. 07, 2022 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided an energy drink company in Michigan with a $1 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. The company is a manufacturer and bottler…

OGDEN, Utah, Nov. 08, 2021 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a transportation company in Michigan with a $2 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. Operating mostly in the northeastern portion of the…

OGDEN, Utah, Oct. 12, 2021 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a transportation company in California with a $10.5 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. The company hauls all different types of freight across…

OGDEN, Utah, Oct. 08, 2021 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a clean air products manufacturer in Florida with a $3.25 million asset-based credit facility. In addition to the revolving credit line, TAB also provided the company with $1.7 million in an equipment term loan. The new facility is extended…

OGDEN, Utah, Oct. 05, 2021 (GLOBE NEWSWIRE) — TAB Bank today announced that Scott Franzen will join its Sales Team as a Vice President and Business Development Officer. In this role, Franzen will be responsible for sourcing new business opportunities in the upper Midwest region. Based in Albertville, Minnesota, Franzen will provide asset-based and factoring working capital…

OGDEN, UT— TAB Bank is pleased to announce it has provided a heavy haul transportation company in Massachusetts with a $1.5 million asset-based credit facility.  The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. The company is a long-haul transporter of equipment, over-sized loads, and other…

OGDEN, Utah, Sept. 15, 2021 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has entered into a multi-year agreement with Hammond’s Candies to provide a revolving credit facility of $7.5 million. The facility will be used to support the company’s working capital needs as it continues to grow and expand the reach of its portfolio…