Debits and credits

ENTREC Completes Sale of Substantially All Assets

Retrieved on: 
Monday, November 9, 2020

The net proceeds from the sale transactions, the collection of accounts receivable and the sale of remaining tangible assets will be used to pay down a portion of ENTRECs debt owing to is senior secured creditors.

Key Points: 
  • The net proceeds from the sale transactions, the collection of accounts receivable and the sale of remaining tangible assets will be used to pay down a portion of ENTRECs debt owing to is senior secured creditors.
  • Holders of ENTRECs common shares and unsecured convertible subordinated debentures will not receive any payments for, or distributions on, their securities in connection with the sale transactions or the CCAA proceedings.
  • ENTREC was a heavy haul transportation and crane solutions provider to the oil and natural gas, construction, petrochemical, mining and power generation industries.
  • More particularly and without limitation, this press release contains forward-looking statements concerning the operations of ENTREC following the sale transactions, and the use of the net proceeds of the sale transactions, the collection of accounts receivable and the sale of remaining tangible assets.

TAB Bank Provides Diff Eyewear a $4 Million Revolving Credit Facility

Retrieved on: 
Tuesday, November 3, 2020

OGDEN, Utah, Nov. 03, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has entered into a multi-year agreement withDiff Eyewear to provide a $4 million revolving credit facility.

Key Points: 
  • OGDEN, Utah, Nov. 03, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has entered into a multi-year agreement withDiff Eyewear to provide a $4 million revolving credit facility.
  • Based in Los Angeles,Diff Eyewear provides premium eyewear while giving the gift of sight to those in need.
  • We found the TAB team to be remarkably flexible, creative and competitive throughout the process, said Bob Ross, CEO Diff Eyewear.
  • TAB Bank does this through a variety of asset-based structures including Asset-Based Revolving Loans, Accounts Receivable Financing, Lines of Credit, and Equipment Finance.

TAB Bank Opens Small Ticket Accounts Receivable Financing Office in Texas

Retrieved on: 
Tuesday, October 27, 2020

OGDEN, Utah, Oct. 27, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has opened a Small Ticket Accounts Receivable (STAR) Financing office in Plano, Texas.

Key Points: 
  • OGDEN, Utah, Oct. 27, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has opened a Small Ticket Accounts Receivable (STAR) Financing office in Plano, Texas.
  • The Texas office will provide facilities for all commercial industries with the exception of medical and construction.
  • Its a great time to be a TAB Bank customer, stated Curtis Sutherland, Senior Vice President of TAB Bank.
  • TAB Bank does this through a variety of asset-based structures including Asset-Based Revolving Loans, Accounts Receivable Financing, Lines of Credit, and Equipment Finance.

Bladex Announces Profit For The Third Quarter Of $15.4 Million, Or $0.39 Per Share, Preserving Its Sound Credit Quality And Resuming Portfolio Growth

Retrieved on: 
Tuesday, October 27, 2020

Considering the increase in its investment securities portfolio, the Bank's total Credit Portfolio increased 6% QoQ.

Key Points: 
  • Considering the increase in its investment securities portfolio, the Bank's total Credit Portfolio increased 6% QoQ.
  • Asset quality remained sound with no new credit impaired transactions during the quarter, resulting in zero non-performing loans as of September 30, 2020.
  • As of the same date, the Bank's total allowance for credit losses represented a coverage ratio of 84 bps the total Credit Portfolio.
  • This resulted in a $172 million growth, equivalent to a 3% increase of its commercial portfolio to $5.1 billion, while maintaining sound asset quality and portfolio diversification.

Aspiration Announces "Plant Your Change" Allowing Every American to Automatically Plant a Tree with Every Purchase

Retrieved on: 
Tuesday, October 20, 2020

The Plant Your Change feature was initially launched to Aspiration debit card holders in mid-April, in the midst of the COVID crisis.

Key Points: 
  • The Plant Your Change feature was initially launched to Aspiration debit card holders in mid-April, in the midst of the COVID crisis.
  • Even amid this scary and difficult moment, Aspiration customers stepped forward to round up their transactions in order to plant 2.5 million trees.
  • Now, every American can ask themselves whether they want a tree with any and every purchase they make," said Andrei Cherny, Aspiration CEO, and co-founder.
  • Plant Your Change lets you use your spare change to fight climate change with every purchase you make a few cents at a time.

Spare Change’ program to support veterans through holidays and beyond

Retrieved on: 
Thursday, October 8, 2020

COLD SPRING, KY., Oct. 08, 2020 (GLOBE NEWSWIRE) -- DAV (Disabled American Veterans) has launched a new, innovative and festive donor challenge to support veterans by donating spare change.

Key Points: 
  • COLD SPRING, KY., Oct. 08, 2020 (GLOBE NEWSWIRE) -- DAV (Disabled American Veterans) has launched a new, innovative and festive donor challenge to support veterans by donating spare change.
  • Kicking off during the holidays and running into the new year, the DAV Spare Change program allows donors to round up purchases on a credit or debit card on a monthly basis to automatically donate spare change to give holiday hope and a brighter 2021 to disabled veterans.
  • For example, a DAV Spare Change donor purchases a toy train for their grandson for $7.84 on a linked debit card or credit card.
  • Were thankful to those Americans who will generously make a small sacrifice of spare change to say thank you and happy holidays.

Digital Commerce Company in Florida Chooses TAB Bank for a $2 Million Revolving Credit Facility

Retrieved on: 
Tuesday, October 6, 2020

OGDEN, Utah, Oct. 06, 2020 (GLOBE NEWSWIRE) -- A digital commerce company in Florida has chosen TAB Bank for a $2 million revolving credit facility.

Key Points: 
  • OGDEN, Utah, Oct. 06, 2020 (GLOBE NEWSWIRE) -- A digital commerce company in Florida has chosen TAB Bank for a $2 million revolving credit facility.
  • The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company.
  • TAB Bank does this through a variety of asset-based structures including Asset-Based Revolving Loans, Accounts Receivable Financing, Lines of Credit, and Equipment Finance.
  • Gina Mackenzie is TAB Banks Vice President and Business Development Officer that brought this new deal to TAB.

TAB Bank Provides Traffic Control Company in California with a $10 Million Revolving Credit Facility

Retrieved on: 
Thursday, October 1, 2020

OGDEN, Utah, Oct. 01, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $10 million asset-based revolving credit facility for a traffic control company based in California.

Key Points: 
  • OGDEN, Utah, Oct. 01, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $10 million asset-based revolving credit facility for a traffic control company based in California.
  • The company provides traffic control services for major utility companies, municipalities, and construction companies.
  • TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries.
  • TAB Bank does this through a variety of asset-based structures including Asset-Based Revolving Loans, Accounts Receivable Financing, Lines of Credit, and Equipment Finance.

LendingTree App Launches Connected Bank Accounts, New Features for Consolidated Money Management

Retrieved on: 
Tuesday, September 29, 2020

The LendingTree app can now connect directly with consumers' checking and savings accounts in addition to credit cards and loans, giving users a more comprehensive overview of their financial profile.

Key Points: 
  • The LendingTree app can now connect directly with consumers' checking and savings accounts in addition to credit cards and loans, giving users a more comprehensive overview of their financial profile.
  • Connect Bank Accounts: Users can connect their bank account(s) to My LendingTree from over 11,000 financial institutions, powered by Plaid.
  • Transaction History: Provides expense and income records across all connected accounts instead of being limited to a single account or bank.
  • LendingTree, LLC, is a subsidiary of LendingTree, Inc. For more information, go to www.lendingtree.com , dial 800-555-TREE, like our Facebook page and/or follow us on Twitter @LendingTree.

Debit Card Trends in Europe Amid COVID-19: An Outlook (2020-2021)

Retrieved on: 
Friday, September 4, 2020

DUBLIN, Sept. 3, 2020 /PRNewswire/ -- The "Debit Card Trends Across Europe" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Sept. 3, 2020 /PRNewswire/ -- The "Debit Card Trends Across Europe" report has been added to ResearchAndMarkets.com's offering.
  • Despite the relatively heavy hand of regulators in the European Union proper, diversity and difference are what characterize the European debit card scene.
  • Even those countries that share a border will exhibit vastly different consumer behaviors when conducting debit card transactions.
  • Highlights of the report include:
    Analysis of the most influential trends in the debit card market in France, Germany, Italy, the Netherlands, Russia, Spain, Sweden, Switzerland and the United Kingdom.