Daily News: April 11, 2012

TAB Bank Names Director of Lender Solutions

TAB Bank announced that it named Tyson Law as director of Lender Solutions. Law will be based out of the TAB Bank corporate headquarters in Ogden, UT and will be responsible for and oversee new business development as it relates to product offerings in TAB’s Lender Solutions Suite. These products and services primarily provide funding for specialty finance companies that offer factoring, asset-based lending, inventory financing, purchase order funding and the like. TAB focuses on companies with experienced management in need of facilities ranging from $3 million to $10 million.

Law started with TAB Bank in 2002 and has worked within the bank in various capacities. He has experience in nearly all aspects of the asset-based lending business including time spent in operations, underwriting, legal and sales. Prior to being named director of Lender Solutions, he worked as a business development officer for TAB. In this previous role, Law played an integral part in expanding the bank’s working capital financing programs to businesses from a variety of industries.

“We look forward to what Tyson will accomplish for TAB as our Director of Lender Solutions. He knows this business very well and will be a great focal point for us as we seek to further expand our Lender Solutions Suite to a larger pool of potential clients,” commented Tim Valdez, chief lending officer at TAB Bank.