Marlin Business Services Corp., Union Bank and Seika Machinery, Inc. Launch
New Financing Program
New Alliance Will Enable Seika's Customers to Acquire Advanced Machinery for
MOUNT LAUREL, N.J., March 24, 2014 (GLOBE NEWSWIRE) -- Marlin Business
Services Corp.®, Union Bank, N.A., and Seika Machinery, Inc. (SMI), have
formed a strategic alliance that will provide financing solutions for SMI's
advanced machinery customers.
The strategic alliance facilitated by Union Bank will enable SMI's customers
to quickly and cost-effectively acquire the latest advanced machinery,
including SMI's line up of new inspection equipment, quality assurance
products, surface mount technology and green technology. It will also enable
Marlin to grow its presence in this industry segment.
"Marlin is proud to partner with SMI and offer an attractive and convenient
financing program to their customers," said Allen Snelling, Marlin's vice
president, national account sales."We look forward to supporting SMI's
machinery sales as the U.S. manufacturing sector continues to expand."
"We are pleased to offer our valued customers the combined benefits of
acquiring superior advanced machinery along with financial terms that can make
a positive impact on their bottom line," said Michelle Ogihara, senior sales
manager, SMI. "We look forward to a thriving relationship with Marlin Business
Services Corp. and Union Bank."
Marlin's wide range of flexible financing options available to customers is
accessible, affordable and delivered promptly with credit decisions made
"Union Bank is excited to facilitate the alliance with Marlin and Seika
Machinery as Marlin provides customized financial solutions and streamlined
financing for Seika's customers," said Union Bank Vice President and Program
Manager Paul Knowlton.
About Seika Machinery, Inc.
Seika Machinery, Inc. (SMI) is a subsidiary of Seika Corporation, Japan and
member of the Mitsubishi Global Group. SMI provides electronics manufacturers
with advanced machinery, superior materials and engineering services.Visit
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
About UnionBanCal Corporation & Union Bank, N.A.
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding
company with assets of $105.9 billion at December 31, 2013. Its primary
subsidiary, Union Bank, N.A., provides an array of financial services to
individuals, small businesses, middle-market companies, and major
corporations. The bank operated 420 branches in California, Washington,
Oregon, Texas, Illinois, New York and Georgia, as well as 2 international
offices, on December 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. In July 2013, American Banker Magazine and the
Reputation Institute ranked Union Bank #1 for reputation among its customers.
Visit www.unionbank.com for more information.
CONTACT: For more information contact:
Philip A. Bruno, Marlin
(888) 479-9111 x4103
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