OGDEN, UT--(Marketwired - Jun 25, 2014) - As TAB Bank continues to expand its footprint in terms of geography and business opportunities it is pleased to announce the addition of C. Ray Hines (440-540-4477, firstname.lastname@example.org) to the business development team as Vice President and Business Development Officer. Ray will be based in Cleveland, OH and will be responsible for sourcing new business opportunities by providing asset-based and factoring working capital facilities to commercial entities with annual revenues of $2 million to $150 million.
Ray joins TAB with over 32 years of experience in working with small to middle-market companies in need of creative working capital solutions. He has spent the majority of his career in new business development, primarily in the Ohio, Michigan, and Western Pennsylvania markets. Prior to joining TAB, Ray was the Great Lakes Regional Manager for two privately held asset based finance companies. Previous experience also includes 20 years with PNC Bank where his last assignment was in the Cleveland Regional Office of the PNC Business Credit Division. Ray earned his Bachelor of Arts degree in Economics from the University of Virginia in Charlottesville, VA.
"The Rust Belt region of the United States will be a strong area of focus for TAB's business development efforts. Our goal is to create numerous opportunities for our working capital financing solutions to be offered to the many small to medium-sized commercial entities and firms in the region. The addition of Ray to our business development team greatly enhances our ability to realize this goal. He brings with him years of experience in the commercial finance and asset-based lending industries as well as an extensive network of working professionals and new business prospects. We are very pleased to have him as part of our business development team," stated Justin Gordon, Senior Vice President of Sales and Marketing for TAB Bank.
TAB Bank offers a variety of financial products including accounts receivable financing, asset-based lending, lines of credit, equipment finance, business accounts, and treasury management services. TAB Bank provides working capital solutions to small and medium-sized commercial businesses across a wide range of industries. TAB provides these solutions in all stages of a company's business cycle no matter the economic climate.