TAB Bank Provides Transportation Company in California with a $10.5 Million Asset-Based Credit Facility
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…
TAB Bank Provides Clean Air Products Manufacturer in Florida with a $3.25 Million Asset-Based Credit Facility
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…
TAB Bank Welcomes New Vice President, Business Development for the Upper Midwest Region, Scott Franzen
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…
TAB Bank Provides Heavy Haul Transportation Company in Massachusetts with a $1.5 Million Asset-Based Credit Facility
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…
TAB Bank Provides Hammond’s Candies of Denver with a $7.5 Million Asset-Based Credit Facility
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…
TAB Bank Provides Mechanical Maintenance Company in British Columbia, Canada with a $2.5 Million Asset-Based Credit Facility
OGDEN, Utah, Sept. 08, 2021 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a mechanical maintenance company in Fort St. John, British Columbia, Canada with a $2.5 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…
U.S. banks give embedded finance a whirl. Will it catch on?
This article was originally posted on AmericanBanker.com and you can read it here. By Penny Crosman August 30, 2021, 2:24 p.m. EDT6 Min Read When American Banker made predictions more than a year ago about what banking would look like in 2025, one of them was that it will be “invisible” — in other words, embedded in other things people…
TAB Bank: driving the future of open banking
To learn more about our strategic partnerships, click here. (The original article can be found on fintechmagazine.com) Mike Palmer illustrates how digital transformation is powering TAB Bank to make major contributions to the financial well-being of its customers… Transporting vital goods to consumers and connecting businesses that are sometimes thousands of miles apart, trucking is the…
Factoring Company in Florida Chooses TAB Bank for a $2 Million Lender Finance Credit Facility
OGDEN, Utah, Aug. 10, 2021 (GLOBE NEWSWIRE) — A factoring company in Florida has chosen TAB Bank for a $2 million lender finance credit facility. The new facility is extended through a multi-year agreement and will enable the company to pursue more aggressive growth strategies. The company provides factoring and dispatch services for clients in the…
TAB Bank Provides Chemical Manufacturer in Texas with a $9 Million Asset-Based Credit Facility
OGDEN, Utah, Aug. 03, 2021 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a chemical manufacturer in Texas with a $9 million asset-based credit facility comprised of a $6 million accounts receivable and inventory line plus a $2 million equipment loan with additional equipment funding available for future CapEx needs. The new…
Podcast: Digital Innovation Lessons from an O.G. ‘Mobile Bank’
https://html5-player.libsyn.com/embed/episode/id/19889303/height/90/theme/custom/thumbnail/yes/direction/backward/render-playlist/no/custom-color/7d003d/ The original podcast aired on July 21, 2021 and can be found here: ABA Banking Journal Podcast From its origins as one of the original “mobile banks” in the 1990s — designed to serve truckers across the country through a network of truck stops — TAB Bank has evolved into an innovative digital bank serving…
TAB Bank Provides Beverage Company in Illinois with a $5 Million Asset-Based Credit Facility
OGDEN, Utah, July 20, 2021 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a beverage company in Illinois 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 leading provider of low-calorie…
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