TAB Bank Provides Commercial Truck Parts Distributor in Texas with a $5 Million Asset-Based Credit Facility
OGDEN, Utah, Nov. 30, 2022 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a commercial truck parts distributor in Texas with a $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 mid-market commercial truck…
Fintech Solutions Partnerships
in BlogAlthough the history of financial technology stretches back to the first electronic funds-transfer systems of the early 20th century, the true potential of fintech has only recently become apparent. With the advent of easily-available smart-device technology, new financial services (such as online/mobile banking) and currency systems (such as cryptocurrency) further cemented the connection between finance…
What Is A High-Yield Savings Account?
in BlogA high-yield savings account is a bank account that will typically pay a higher interest rate than a standard savings account. The best high-yield savings accounts are frequently offered online, although they are not limited to internet-only banks. The concept behind high-yield savings accounts is that depositors are more willing to save if they can…
TAB Bank Provides Beverage Company in Canada with a $5 Million Asset-Based Credit Facility
OGDEN, Utah, Oct. 25, 2022 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a beverage company based in British Columbia, Canada with a $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. In addition, the new facility from…
Freight Factoring for Trucking
Freight factoring, also called transportation factoring or trucking factoring, has been around for quite some time. Yet freight company owners and truck drivers tend to see factoring as a new fad. They misinterpret factoring as companies looking to make money rather than having their interest in mind. However, factoring has been around for a long time…
Fractional Shares: What are they and how do they work?
Fractional Shares: What are they and how do they work? What are fractional shares? Fractional shares refer to a slice or fraction of a whole stock. Instead of purchasing a whole share of stock, you can buy just a fraction of it. One example is if a stock was sold for $1000 per share and you purchased…
Annual Golf Tournament Helps Homeless in Northern Utah Achieve Goals of Sobriety, Employment and Housing
OGDEN, Utah, Aug. 23, 2022 (GLOBE NEWSWIRE) — TAB Bank will help raise money to help the homeless reach goals of sobriety, employment and housing at the 2022 Ogden Rescue Mission Charity Golf Tournament on Friday, Sept. 9, at Wolf Creek Resort in Eden, Utah. Hosted by the bank, all proceeds from the tournament will benefit the Ogden Rescue Mission, a faith-based…
Checking Account FDIC Insured
What does FDIC Insured mean? The Federal Deposit Insurance Corporation (FDIC) is an independent federal agency that insures money deposited by the public in the unlikely event of a bank system failure. The FDIC has been empowering the public to place their money in banks since 1933, after being established due to a bank system…
TAB Bank’s Susan Hostetter Named a 2022 HR Achievement Honoree by Utah Business
OGDEN, Utah, Aug. 11, 2022 (GLOBE NEWSWIRE) — TAB Bank, a technology-driven, online bank serving small to medium size businesses and consumers, announced today that Susan Hostetter, Executive Vice President, Human Resources, was named a 2022 HR Achievement Honoree by Utah Business. The annual list honors HR professionals who foster culture, growth, and happiness in the workplace. These…
Wood Products Company in Arkansas Chooses TAB Bank for a $5 Million Asset-Based Credit Facility
TAB Bank is pleased to announce it has provided a wood products distributor in Arkansas with a $5 million asset-based credit facility. The client is a custom millwork and wood products distribution company, specializing in hardwoods, hinges, slides, adhesives, and warehousing, primarily targeting the custom cabinet manufacturing industry. Their mission is to partner with vendors and…
TAB Bank Provides Corporate Relocation Services Company in Texas with a $2 Million Asset-Based Credit Facility
OGDEN, Utah, July 26, 2022 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a corporate relocation services company based in Texas 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 provides relocation and moving…
TAB Bank Provides Electric Bike Company in Utah with a $10 Million Asset-Based Credit Facility
OGDEN, Utah, July 20, 2022 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided an electric bike company in Utah with a $10 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 designs electric bicycles, electric scooters, and…
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