Daily News: April 9, 2012

TAB Bank Hires Murphy as VP, BDO in New York Tri-State Area

TAB Bank announced that it has expanded its presence in the New York tri-state area and the entire Northeast region with the addition of Ken Murphy to the business development team as vice president and business development officer. Murphy will join two other business development officers in the region as TAB continues to grow its financial product and service capabilities to a broader spectrum of industries in the largest metropolitan area in the United States.

Justin Gordon, national sales director for TAB Bank, commented, “The New York tri-state area will continue to be a strong area of focus for our business development efforts. Our goal is to create numerous opportunities for our commercial finance and working capital products and services to be offered to the many and diverse small- to medium-sized businesses and firms in the region. We look forward to taking advantage of many opportunities for new business and new relationships in this the largest metropolitan area in the U.S. The addition of Ken to our business development team will greatly enhance our ability to achieve these goals.”

Murphy has over 30 years of experience in commercial lending and marketing. He has worked in all aspects of the asset-based lending business – audit, credit, workout, and new business – throughout his impressive career. Murphy has worked with lower to middle-market companies and their intermediaries to structure financial solutions to support leveraged buyouts, recapitalizations, turnarounds, and acquisitions. The latter half of his career has been on the new business side where he has served as a marketing manager at Siemens Financial Services, and as a business development officer at Transamerica and Fleet Bank/Capital.

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