TAB Bank Powers Major Metal Manufacturer's Expansion with $4 Million Infusion

OGDEN, Utah, Oct. 24, 2024 (GLOBE NEWSWIRE) -- TAB Bank closed a $4 million working capital facility with a rapidly growing, full-service metal manufacturer serving the aerospace, defense, medical, marine and renewable energy industries. The partnership will help the manufacturer consolidate two newly acquired machine shops and expand its operations to meet increased demand.

The manufacturer has built a reputation for exceeding customer expectations with high-precision CNC milling and contract manufacturing services. The company serves major aerospace clients, such as Boeing, Blue Origin, the Department of Defense, SpaceX suppliers and other leading contractors. Its recent acquisition of two additional machine shops has positioned the business to scale ...