TAB Bank Welcomes New Vice President, Business Development for the Upper Midwest Region, Scott Franzen
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OGDEN, Utah, October 5, 2021 (GLOBE NEWSWIRE) – Bank TAB announced today that Scott franzen will join his sales team as Vice President and Business Development Officer. In this role, Franzen will be responsible for finding new business opportunities in the upper Midwest region.
Based in Albertville, Minnesota, Franzen will provide asset-based and factoring working capital resources to commercial enterprises throughout the upper Midwestern states with annual revenues ranging from $ 2 million to $ 150 million.
Franzen has nearly three decades of experience in accounts receivable financing and asset lending. His expertise is heavily concentrated in the transportation industry, working with business owners to create customized financing solutions for their working capital needs.
“We are delighted to have Franzen join the TAB Bank sales team as we grow the business by developing new perspectives and enhancing existing relationships,” said Justin Hatch, senior vice president of commercial finance at TAB Bank. . “His transportation background is well aligned with TAB’s deep ties to the trucking industry, which stretch back over two decades.
Franzen’s experience includes positions with Transport Clearings, Associates Commercial Corp, Marquette Transportation Finance, UMB Commercial Finance and TCI Business Capital.
Franzen holds a Bachelor of Science in Political Science from the University of Wisconsin-Oshkosh. He is an active member of the Truckload Carriers Association, Minnesota Trucking Association, Wisconsin Motor Carriers Association, Iowa Motor Truck Association, Duluth Superior Transportation Association, Machinery Haulers Association, and Transportation Management Association. .
About TAB Bank
Bank TAB provides customized working capital solutions to commercial enterprises in a wide range of industries. These solutions can be customized to meet the needs of businesses at all stages of the business lifecycle and under all economic conditions. TAB Bank does this through a variety of asset-based structures, including revolving asset-based loans, accounts receivable financing, lines of credit, and equipment financing. TAB’s lending options can also be combined with a full suite of business banking solutions and cash management services.
Source: TAB Bank