TAB Bank Bundles $5 Million in Financing for Package Steel Systems

OGDEN, Utah, July 24, 2025 (GLOBE NEWSWIRE) -- TAB Bank has closed $5 million in financing for Package Steel Systems, consisting of a $3.5 million revolving line of credit and a $1.5 million term loan. The funds will help the steel building manufacturer accelerate growth and maintain its position as the premier builder of metal buildings in the Northeast.

The Package Steel story began in 1950 with Leo J. Moroney, a skilled carpenter and builder, founding a residential building business, constructing three modest homes built on empty lots in Shrewsbury, Massachusetts. Today, Package Steel has evolved into one of the largest and most versatile industrial and commercial building manufacturing companies in the area, operating across a wide range of ...