EDINA, Minn., Jan. 4, 2019 /PRNewswire-PRWeb/ — Fidelity Bank of Edina, Minnesota is pleased to announce the recent acquisition of TCI Business Capital, a leading invoice factoring and accounts receivable financing company located in Burnsville, Minnesota.

TCI Business Capital, which was founded in 1994, provides factoring services to small and mid-size companies throughout the United States. Clients of TCI Business Capital come from a variety of industries and use invoice factoring to build financially strong companies.

Daniel Robbins, the founder of TCI Business Capital, is continuing his leadership role as Executive Vice President. Robbins says of the acquisition, “Fidelity Bank is a leader in commercial banking, with an outstanding reputation. The corporate values and principles of Fidelity Bank are consistent with those of TCI Business Capital, and our entire organization is excited to become part of the Fidelity Bank family. With the strategic vision of Fidelity Bank’s leadership team, we will continue to deliver high quality service and low-cost funding solutions to our clients.”

Chuck Mueller, President and CEO of Fidelity Bank says the acquisition of TCI Business Capital is a key addition for Fidelity Bank.

Mueller says, “Fidelity bank has been in the business of providing working capital financing for small and mid-size companies for many years. The Bank has been searching for an established partner to expand our service into invoice factoring. TCI Business Capital is a great fit to expand our range of services to meet to growing demands of entrepreneurs in this dynamic economy.” Fidelity Bank was established at its current location in Edina, MN in 1970. The Bank provides a full range of commercial banking services for its business and consumer clients. Fidelity Bank is known for its tenured team of first rate business bankers.

SOURCE TCI Business Capital