Pub. 3 2015 Issue 1
www.uba.org 14 Bank Kudos ALLY BANK ALLY BANK SEES CONTINUED DEPOSIT GROWTH AND CUSTOMER SATISFACTION Ally Bank reached a new milestone recently by crossing the $50 billion threshold in retail deposits on March 13, 2015. The latest accomplishment follows a trend of annual average double-digit growth in retail deposits by the bank, most recently growing deposits by $4.8 billion in 2014, which represented a year-over-year increase of 11 percent. In addition to growing deposits, Ally Bank continues to build its customer base and maintain strong customer loy- alty. As the Bank nears the one million customer mark, sat- isfaction and loyalty scores remain consistently above 90 percent. Ally Bank’s customer-centric business philosophy has earned it the title of 'Best Online Bank' for the fourth straight year by MONEY® Magazine, and it has also been named as a top pick among online banks by Kiplinger's Personal Finance and www.GoBankingRates.com. “Our retail deposit growth continues to be driven largely by savings prod- ucts, which now represent 50 per- cent of the retail portfolio,” said Di- ane Morais, Ally Bank Deposits and Line of Busi- ness Integration Executive. “Our customers tend to be purposeful sav- ers, and we offer a very competitive product portfolio to help individu- als achieve their financial savings goals.” To underscore the benefits of banking with an online bank, Ally recently launched its “Facts of Life” ad campaign. The online and TV spots use humorous fact-of-life scenar- ios such as “Ordering Wine = Pretending to Know Wine” to highlight Ally’s “No Branches = Great Rates” message as just another fact of life. TAB BANK TRANSPORTATION BROKERAGE COMPANY CHOOSES TAB BANK FOR A $3 MILLION REVOLVING CREDIT FACILITY A transportation brokerage company located in the south- east has chosen TAB Bank for a $3 million asset-based revolving credit facility. The new facility paid off the com- pany’s previous lender and will provide cash flow for the company’s ongoing working capital needs. The company is a provider of logistics consulting and transportation services for a nationwide customer base. TAB Bank provides custom working capital solutions to commercial businesses from many industries. These solutions are provided in all stages of business life cycles during any economic conditions. TAB Bank does this through Accounts Receivable Financing, Lines of Credit, Equipment Finance, Asset Based Loans, Business Ac- counts, and Treasury Management Services. Robert Gole is TAB Bank’s Vice President and Business Development Officer based in Atlanta. Robert is an as- set-based lending veteran with over thirty years of experi- ence in the industry. He can be reached at 404-202-4870 or at robert.gole@tabbank.com . TAB BANK PROVIDES $9.5 MILLION IN TRUCKING EQUIPMENT LOANS IN 2014 4TH QUARTER TAB Bank provided $9.5 million in trucking equipment loans for 20 transportation companies during the 4th quarter of 2014. Based in different regions of the country, these companies represent a broad spectrum of trucking entities including one-truck owner-operators and small and large fleets. “Trailer sales and Class 8 truck sales had a phenomenal year throughout the transportation industry. In 2014, we continually read reports of trailer and truck sales and
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