TCF Inventory Finance, Inc. and Independent Boat Builders, Inc. Enter into Financing Agreement


TCF Inventory Finance, Inc. (TCFIF), a subsidiary of TCF National Bank and an indirect subsidiary of TCF Financial Corporation (TCF) has entered into a multi-year agreement with Independent Boat Builders, Inc. (IBBI). TCFIF will provide wholesale floorplan financing solutions to the 22 boat manufacturers that are members of IBBI in Canada and the United States, according to a press release.

"We are very excited to begin this relationship with IBBI,' said Ross Perrelli, President and Chief Executive Officer of TCFIF. "I am highly confident that our dedication to our customers and strong commitment to the marine industry make TCFIF the best choice for IBBI and its members.'

The agreement with IBBI is a further demonstration of TCFIF's continued intent to expand its presence in the marine industry.

"Both TCFIF and IBBI take tremendous pride in what we do, and that is what makes this a great business partnership,' stated Tom Broy, President of IBBI. "Both companies focus on providing top-notch and dependable programs and services that will help the industry continue to grow.'

For marine manufacturer and dealer inquiries in Canada and the US, please contact either Peter Kelley, General Manager for the marine industry, at (877) 800-4430 or pkelley@tcfif.com, or Bob Bejesky, National Relationship Manager, at (231) 944-5415 or bbejesky@tcfif.com.