Daily News: November 26, 2013

TAB’s Ackley to Lead Equipment Finance Line

TAB Bank announced the promotion of Jan Allen Ackley to senior vice president and chief lending officer. His new responsibilities will be the oversight of all personnel, operations and functions relating to TAB’s business lines of A/R Financing, Asset-Based Lending and Equipment Finance and Leasing.

Prior to this new assignment, Ackley served as vice president of Asset-Based Lending for TAB Bank. In his prior role, Ackley provided direction and oversight for TAB’s growing portfolio of ABL clients. Ackley will continue to be based out of TAB Bank’s corporate headquarters in Ogden, UT.

In addition to his experience with TAB, Ackley has amassed more than 24 years of overall banking experience with the likes of Comerica Bank, Key Bank, LaSalle Bank/Bank of America, Provident Bank and First Bank. His roles were primarily focused in the areas of asset based lending, mergers and acquisitions financing, working capital revolvers, equipment financing, real estate and treasury management services. During his career, he has been responsible for the financing of a multitude of companies throughout the United States in a variety of industries.

“I have been very fortunate to spend a lot of time with Jan over the past couple of months and I could not be more excited to have him join TAB’s executive management team. Jan has a firm grasp of the bank’s strategic goals and initiatives and how vital they are to the continued growth and success of TAB Bank. He has great energy and his leadership will serve the bank well in addition to being a much needed mentor to our many commercial finance professionals,” commented Steve Sala, president of TAB Bank.