Pub. 3 2015 Issue 1

Issue 1. 2015 15 orders eclipsing previous records. Our lending volume for financing trucking equipment mirrored these numbers. We booked $48.4 million in new trucking equipment loans for the year which represents a 55% increase from the $21.5 million in equipment we financed in 2013. We are ex- tremely thrilled with this growth as it signifies a healthy and growing transportation sector of the economy. Many trucking companies and fleets upgraded their equipment throughout the year and we were poised and ready to meet their financing needs. It will be exciting to see if this mo- mentum will carry over into 2015,” commented Jan Allen Ackley, Chief Lending Officer at TAB Bank. While FDIC-insured TAB Bank provides working capital and other customized financial solutions to a variety of industries such as manufacturing, staffing, and technolo- gy, the bank’s first industry was trucking. In addition to Equipment Finance, these financial solutions are provid- ed in the form of Accounts Receivable Financing, Asset Based Loans, Lines of Credit, Business Accounts, and Treasury Management Services. TOWN & COUNTRY BANK ‘UTAH BUSINESS’ MAGAZINE NAMES TOWN & COUN- TRY BANK PRESIDENT AS CEO OF THE YEAR The state’s leading business publication, Utah Business, has given its 2015 CEO of The Year Award to Town & Country Bank president Bruce Jensen. The award “hon- ors executives who exude innovation, show sound business judgment and have seen proven financial success.” Jensen is one of nine leaders to receive the award this year. Other recipients include executives from fields ranging from technology to non-profit. Having led the organizing effort to form Town & Country Bank, Jensen became its CEO when the bank opened in 2008. Despite a challenging economy, strict regulatory limitations on new banks’ growth and without economies of scale, he has guided Town & Country to high levels of profitability. The bank ranked between the top 3 and 5 percent of all U.S. banks for each of the four quarters in 2014, according to Bank Trends. Town & Country has also posted profits in 14 of the last 15 quarters. Jensen is widely seen as an industry innovator. Combining the functions of teller, new accounts representative and customer service agent into one role, his concierge banker model was one of the earliest prototypes for today’s “univer- sal banker”—a concept that has recently gained mainstream acceptance at many banks across America. TOWN & COUNTRY BANK LEADER RECEIVES ANOTH- ER MAJOR AWARD For the second time this month, Town & Country Bank CEO Bruce Jensen has received notable recognition. The Western Independent Bankers Association present- ed Jensen with its 2015 “Community Banker of the Year Award” at its annual conference last week in Maui, Ha- waii. The association, comprised of community banks in 13 western states and U.S. territories, chose Jensen from 11 nominees who had demonstrated significant achievement in their service areas. Earlier this month, Utah Business magazine presented Jen- sen with its 2015 “CEO of the Year” award in Salt Lake City at the Grand America Hotel. Town & Country Bank is Washington County’s only lo- cally owned and headquartered financial institution. The seven year old bank generated record profits in 2014, and was consistently ranked among the top 3 to 5 percent of all U.S. banks in terms of profitability for each quarter of 2014, according to Bank Trends. U.S. BANK U.S. BANK NAMED AS A 2015 WORLD'S MOST ETHICAL COMPANY BY THE ETHISPHERE INSTITUTE U.S. Bank, announced today that it has been recognized by the Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices, as a 2015 World’s Most Ethical Company ® . The World’s Most Ethical Companies designation recognizes those organiza- tions that have had a material impact on the way business  Bank Kudos — continued on page 16