TAB Bank Adds Personnel to Equipment Leasing Division

TAB Bank said it has added Bill Griffith as commercial equipment leasing manager and Mike Richardson as director of third party originations to its Equipment Leasing Division. Griffith will be based in Chicago, and Richardson will work out of TAB’s national headquarters in Ogden, UT.

In his new role with TAB Bank, Griffith will be responsible for underwriting small-ticket equipment leasing portfolio acquisitions. As director of third party originations, Richardson will be responsible for all originator relationships and will be the single point of contact for lease opportunities originated by TAB’s lease originator network.

Griffith has been in the equipment leasing and finance industry for more than 20 years. His career began in the late 1980s with Associates Finance. From there he spent four years with Transamerica Leasing. He joined Padco Lease Corp. as a senior credit and collection analyst in 1997 and was soon promoted to credit and operations manager where he remained prior to joining TAB Bank.

In addition, Griffith served for five years as area director for the UAEL (now known as the National Equipment Finance Association). He was recognized as the UAEL Volunteer of the Month in May 2007 and served on the UAEL Board of Directors in 2007-08. He has also served on various credit committee conference panels for the National Association of Equipment Leasing Brokers.

Richardson joined TAB Bank in 2006 and has worked within the bank in various capacities including business development, project development, product development, account management, fraud management and risk analysis. Previous positions include director of merchant services and director of lender solutions where he developed new product lines and structured rediscount and asset-based loans to other factoring and lending institutions. Prior to joining TAB Bank, Richardson served as an assistant vice president for Securities Based Lending at UBS Bank.

“Both Bill and Mike are great additions to our growing Equipment Leasing Division. Each has a wealth of knowledge and experience that will serve TAB Bank and its customers well. I look forward to the outstanding work and contributions each of them will provide in their new roles,” commented Mike Coon, vice president of TAB Bank’s Equipment Leasing Division.