SOURCE: TAB Bank

TAB Bank

April 24, 2012 09:30 ET

TAB Bank Announces New Personnel Additions to Equipment Leasing Division

OGDEN, UT--(Marketwire - Apr 24, 2012) - As TAB Bank continues to expand its Equipment Leasing Division to provide capital equipment financing solutions to companies throughout the United States, it is pleased to announce the additions of Bill Griffith as Commercial Equipment Leasing Manager and Mike Richardson as Director of Third Party Originations. Bill will be based in Chicago and Mike will work out of TAB's national headquarters in Ogden, UT.

Bill Griffith has been in the equipment leasing and finance industry for more than 20 years. His career began in the late 1980s with Associates Finance. From there he spent four years with Transamerica Leasing. Bill joined Padco Lease Corp. as a Senior Credit and Collection Analyst in 1997 and was soon promoted to Credit and Operations Manager where he remained prior to joining TAB Bank. Bill served for five years as Area Director for the UAEL (now known as NEFA -- National Equipment Finance Association). He was recognized as the UAEL Volunteer of the Month in May 2007 and served on the UAEL Board of Directors in 2007-08. Bill has also served on various credit committee conference panels for NAELB (National Association of Equipment Leasing Brokers). In his new role with TAB Bank, Bill will be responsible for underwriting small-ticket equipment leasing portfolio acquisitions.

Mike Richardson joined TAB Bank in 2006 and has worked within the bank in various capacities including business development, project development, product development, account management, fraud management, and risk analysis. Previous positions include Director of Merchant Services and Director of Lender Solutions where he developed new product lines and structured rediscount and asset-based loans to other factoring and lending institutions. Prior to joining TAB Bank, Mike served as an Assistant Vice President for Securities Based Lending at UBS Bank. In his new role as Director of Third Party Originations, Mike will be responsible for all originator relationships and will be the single point of contact for lease opportunities originated by TAB's lease originator network.

"Both Bill and Mike are great additions to our growing Equipment Leasing Division. Each has a wealth of knowledge and experience that will serve TAB Bank and its customers well. I look forward to the outstanding work and contributions each of them will provide in their new roles," commented Mike Coon, Vice President of TAB Bank's Equipment Leasing Division.

TAB Bank (@TABBank) has assets in excess of $800 million through a variety of financial products. In addition to capital equipment lease financing, these products include: 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.

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