Daily News: June 25, 2014

TAB Bank Hires Cleveland-Based VP/BDO

TAB Bank announced the addition of C. Ray Hines to the business development team as vice president and business development officer.

Hines 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 OH, MI and Western PA markets. Prior to joining TAB, Hines 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.

“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.