MOUNT LAUREL, N.J., July 1, 2013 (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (Nasdaq:MRLN) and Union Bank, N.A., have formed a strategic alliance to provide financing solutions for Union Bank's customers throughout the United States.
The new alliance helps Union Bank offer enhanced service to its business customers looking to finance their investment in equipment. Marlin's breadth of experience across a full range of equipment categories will benefit Union Bank's large customer base, providing them with a cost-effective option to acquire equipment and technology.
"We are excited that Marlin's Bank Outsourcing Team is working with Union Bank to enable them to offer their customers flexible financing plans, competitive terms and the highest quality customer service," said Dan Dyer, Marlin's Chief Executive Officer. "Our strategic alliance will provide Union Bank customers with direct access to our turnkey equipment financing solutions.""We look forward to a successful relationship with Marlin Business Services Corp.," said Union Bank Executive Vice President Todd Hollander, head of Business Banking. "Partnering with Marlin gives our customers greater access to exceptional equipment finance expertise with a streamlined structure on both ends as our customers will initiate the process through their existing Commercial Banking relationship." About Marlin Business Services Corp. Marlin Business Services Corp. is a nationwide provider of innovative equipment financing solutions for small and mid-size businesses. Since its inception in 1997, Marlin has financed a wide array of commercial equipment and software for a quarter of a million business customers. Marlin's mission is to offer convenient and cost-effective financing products while providing the highest level of customer service. Marlin is publicly traded (Nasdaq:MRLN) and owns and operates a federally regulated commercial bank, Marlin Business Bank. For more information, visit www.marlincorp.com or call toll free at (888) 479-9111. About UnionBanCal Corporation & Union Bank, N.A. Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $97 billion at March 31, 2013. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 443 branches in California, Washington, Oregon, Texas, Illinois, and New York as well as two international offices, on March 31, 2013. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world's largest financial organizations. Visit www.unionbank.com for more information.
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