OGDEN, Utah — Transportation Alliance Bank (TAB) has appointed Jeff H. Bell president of the Flying J Inc. subsidiary. Bell worked previously at Flying J and TAB and is returning after serving as the executive vice president of Stearns Financial Services, a division of Stearns Bank N.A. since May of 2003.
At Stearns he established an Asset Based Lending Division along with developing factoring, asset-based lending, and rediscount product lines. He and his division purchased in excess of $1.8 billion in accounts receivables over the past six years with no appreciable losses, according to the TAB news release.
Bell returns to TAB and Flying J as president of TAB and as the original co-author of the state charter and FDIC insurance application, which was the beginning of the industrial loan corporation, Transportation Alliance Bank Inc in 1998. While at TAB, Bell created, developed and implemented the entire product line offering at the bank. TAB grew from three employees and $3 million in assets to over $120 million in assets in the first four years, while generating ROAs and ROEs superior to other peer financial institutions.
“Transportation Alliance Bank has a promising future ahead. TAB has an experienced team of people and offers a comprehensive suite of financial products and services,” said Bell. “We our proud of our history of providing financial solutions to the transportation industry and look forward to continuing our alliance with the transportation industry, as well as assisting other industries with their financial needs,”
While at Flying J Inc., Bell also served as senior vice president and member of the Board of Directors of Transportation Alliance Bank, with prior responsibilities of associate corporate counsel for Flying J Inc.
Bell graduated from UCLA School of Law in 1993. He received his bachelor’s degree from the University of Utah in 1990.
Transportation Alliance Bank was established to extend financial services to professional drivers and trucking companies. TAB currently has assets in excess of $460 million and a variety of financial products, including: accounts receivable financing, MasterCard debit, credit and pre-paid cards, equipment loans, savings and investing programs, and a network of ATMs located in Flying J travel plazas.
Kevin Jones of The Trucker staff can be reached for comment at firstname.lastname@example.org.
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