SOURCE: TAB Bank

TAB Bank

July 19, 2011 09:30 ET

TAB Bank Provides Metropolitan Trucking With a $5 Million Lending Facility

OGDEN, UT--(Marketwire - Jul 19, 2011) - TAB Bank is very pleased to announce that it has provided Metropolitan Trucking, Inc. of Saddle Brook, NJ with a $5 million credit facility.

Metropolitan Trucking was established in 1938 and incorporated in 1956. They are a third generation family-owned and operated company. They are a full-service truckload carrier that primarily serves customers east of the Mississippi River through the utilization of their fleet of 325 trucks and 825 trailers. They offer excellent customer service through their in-depth industry knowledge and powerful solutions. "Our goal is to be a true business partner in our customer's quest for improved performance and increased profitability," stated Joseph Mangino, Jr., President of Metropolitan Trucking.

Metropolitan Trucking has proven to be an industry leader with solid business results during tough economic conditions. TAB Bank's industry-leading knowledge and expertise in providing financial solutions for the trucking and transportation industry was a key factor in Metropolitan Trucking's decision to partner with TAB Bank. "We are confident that our newly formed relationship with Metropolitan Trucking will be a long and a beneficial one. They are a great company and we look forward to being their financial partner in the years to come," commented Justin Gordon, National Sales Manager with TAB Bank.

TAB Bank provides custom working capital solutions to transportation and non-transportation companies in all stages of business life cycles during any economic conditions. TAB Bank does this through Accounts Receivable Financing, Lines of Credit, Equipment Loans, and Asset Based Loans.

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