Frank Torchen Joins TAB Bank as VP

OGDEN, UT--(Marketwire - Jul 22, 2011) - As TAB Bank continues to expand its financial offerings to a broader spectrum of industries, it is pleased to announce the addition of Frank Torchen to the Business Development team as Vice President and Business Development Officer based in Connecticut and serving the entire Northeast region.

Frank brings extensive asset-based lending and factoring experience to his new role with TAB Bank. Most recently, Frank was a Director for RedRidge Finance Group. Over the years he has also spent time with GE Capital, Heller Financial, GMAC, and Finova. His previous roles have included Region Manager, National Marketing Manager, and Underwriting Manager. Frank earned his MBA from Baruch Business School and a bachelor's degree from the University of Dayton.

Justin Gordon, National Director of Sales, said, "With Frank's addition to the TAB business development team, we are poised to expand our influence geographically and in terms of business opportunities. Frank is a veteran in the commercial finance industry and has a proven track record of working with businesses to develop solutions for their financial needs."

TAB Bank has assets in excess of $500 million through a variety of financial products including: accounts receivable financing, asset-based loans, lines of credit, and equipment loans; TAB Bank provides working capital solutions to small- and medium-sized transportation and non-transportation businesses in all stages of their business life cycle no matter the economic climate.