TCF Inventory Finance, Inc. and American Boatbuilders Association, Inc. Extend Financing Agreement

SCHAUMBURG, Ill.--()--TCF Inventory Finance, Inc. (“TCFIF”) today announced that it has extended its financing agreement with American Boatbuilders Association, Inc. (“ABA”). Under the agreement, TCFIF will continue to be a preferred lender to the 12 boat manufacturers that are members of ABA through model year 2015.

“The members of ABA will continue to offer their dealers a choice in inventory finance,” stated Jay Patton, President of ABA. “Extending our agreement with TCF Inventory Finance demonstrates to our members and their dealers that our agreement has been – and will continue to be – a benefit to everyone involved.”

TCFIF has a strong commitment to the marine industry and is proud to provide financing to the following ABA members:

  • Chaparral Boats, Inc.
  • Cobalt Boats, LLC
  • Grady-White Boats, Inc.
  • Monterey Boats/Seabring Marine Industries, Inc.
  • Nautic Global Group, Inc. (Rinker, Godfrey, Polar Kraft, Parti Kraft, Hurricane)
  • Nautique Boat Co.
  • Regal Marine Industries.
  • Robalo Boats, LLC
  • Stingray Boat Co.

“We are thrilled to extend our relationship with ABA,” said Ross Perrelli, President and Chief Executive Officer of TCFIF. “As a preferred lender, we remain dedicated to providing ABA members with exceptional customer service, products and programs that will help their businesses continue to grow.”

At TCFIF, the customer always comes first. In addition to providing its customers with inventory financing, TCFIF also provides equipment financing, commercial leasing and commercial banking products and services through TCF affiliated companies. Additionally, through The Customer First Alliance, TCFIF offers its customers a suite of cost-effective, tailored business and personal advisory services in Accounting, Insurance, Legal and Wealth Management. All Alliance services will be provided by third-party service providers who are not affiliated with TCFIF.

For marine manufacturer, distributor and dealer inquiries in the U.S. and Canada, please contact Bob Bejesky, National Relationship Manager, at (231) 944-5415 / bbejesky@tcfif.com.

About American Boatbuilders Association
Based in Marietta, GA, American Boatbuilders Association is a coalition of 12 leading independent U.S. boat manufacturers. ABA member companies have approximately 5,000 employees in the U.S., with 15 facilities in nine states. They produce more than 15% of all the boats greater than 16' built in America. For more information, go to http://www.ababoats.com/.

About TCF Inventory Finance, Inc.
TCFIF is a premier inventory finance company offering a full range of inventory financing solutions to manufacturers, distributors and their dealers throughout the United States and Canada in the marine, powersports, recreation vehicle, specialty product, lawn and garden, and the consumer electronics and appliances industries. For more information about TCFIF, please visit www.tcfif.com.

About TCF Financial Corporation
TCFIF is a subsidiary of TCF National Bank and an indirect subsidiary of TCF Financial Corporation (“TCF”) (NYSE: TCB), a Wayzata, Minnesota-based national bank holding company with $18.4 billion in total assets at September 30, 2013. The company has nearly 430 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota, providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing and equipment finance business and leverage lending in all 50 states, commercial inventory finance business in the U.S. and Canada, and indirect auto finance business in over 40 states. For more information about TCF, please visit tcfbank.com.

Contacts

TCF Financial Corporation, Wayzata
Investors:
Jason Korstange, 952-745-2755
or
Media:
Mark Goldman, 952-475-7050

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Release Summary

TCF Inventory Finance, Inc. today announced that it has extended its financing agreement with American Boatbuilders Association, Inc. through 2015.

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Contacts

TCF Financial Corporation, Wayzata
Investors:
Jason Korstange, 952-745-2755
or
Media:
Mark Goldman, 952-475-7050