Daily News: July 2, 2012

TAB Bank Expands into Chicago, Adds DeMonte to Business Development

TAB Bank announced that it has expanded into Chicago and the entire upper Midwest region with the addition of Tony DeMonte to the business development team as vice president and business development officer.

DeMonte will be responsible for sourcing new business opportunities by providing asset-based and factoring working capital facilities to the broad range of commercial entities in this the third largest metropolitan area in the United States.

“We are very excited to announce the addition of Tony to our business development team. He is a seasoned professional in the industry of commercial finance and will be an invaluable asset as we build our brand presence in the Chicago area and the upper Midwest region,” stated Justin Gordon, national sales director for TAB Bank.

DeMonte has over 35 years of experience in working with small- to middle-market companies in need of senior debt, sub debt, and/or equity. He has spent his entire career in new business development, primarily in the Midwest. Prior to joining TAB Bank, DeMonte was a founding partner at Waterside Capital Partners where he originated acquisition transactions and arranged for the debt and equity necessary to complete the transaction.

Previous experience also includes working with GE Capital where he opened the company’s Minneapolis office. He soon became vice president and regional sales manager in Chicago for GE and won several awards for business development. DeMonte was also recruited by Household International to help start Household’s new Structure Finance Group where he served as national sales manager. The business grew from nothing to nearly $2 billion. DeMonte is a member of the CFA, ACG, TMA, MBBI, and RMA.

TAB Bank provides working capital solutions to small- and medium-sized commercial businesses across a wide range of industries.