Steven M. Shaughnessy Joins TAB Bank as Vice President

OGDEN, UT--(Marketwire - Feb 3, 2012) - As TAB Bank continues to expand its financial offerings to a broader spectrum of industries, it is pleased to announce the addition of Steven M. Shaughnessy to the Business Development team as Vice President and Business Development Officer based in Seattle, WA and serving the Northwest United States and Western Canada.

Steve has over 35 years of experience in asset-based lending, factoring, structured finance, and commercial credit. Prior to joining TAB Bank Steve was responsible for the successful creation and operation of both a private asset-based lending company and a business bank offering asset-based credit products.

Over the span of his career, Steve has been affiliated with many professional service organizations that support independent business owners that include: RMA, Turnaround Management Association, Association for Corporate Growth, International Factoring Association, and the Executive Committee. Steve received his Bachelor of Arts Degree in Finance and Accounting from the University of Washington.

"We are excited that Steve has joined the Business Development Team at TAB Bank. He has a passion for working with owners and operators of independent businesses. He is skilled at matching their funding needs with innovative and cost-effective products. He will be a great asset as we offer TAB's products and services to potential clients in the Northwest," said Justin Gordon, National Director of Sales for TAB Bank.

TAB Bank (@TABBank) has assets in excess of $800 million through a variety of financial products including: capital equipment lease financing, accounts receivable financing, asset-based lending, lines of credit, equipment loans, business accounts, and commercial banking 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 life cycle no matter the economic climate.