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TBC Corporation and Citi Retail Services Renew Long-Term Credit Card Agreement

V.ZZE.H | February 17, 2016

TBC Corporation and Citi Retail Services Renew Long-Term Credit Card Agreement

TBC Corporation and Citi Retail Services today announced a long-term agreement to renew their consumer credit card relationship. TBC is one of North America’s largest marketers of automotive replacement tires and vehicle services through a multi-channel strategy through worldwide operations spanning wholesale, retail, and franchise. Citi Retail Services is one of North America’s largest and most experienced retail credit solutions providers. The two companies began their credit card partnership in 1999 originally with NTB® Tire and Service Centers brand only. Today the relationship has grown to include consumer card programs for NTB® Tire and Service Centers, Merchant's® Tire & Auto Service Centers, Tire Kingdom® Service Centers and Big O Tires®.

“Our relationship with TBC over the last 15 years has delivered both customer value and business growth, making them an ideal partner from our perspective,” said Craig Vallorano, Citi Retail Services' Managing Director for Business Development and Strategy. “We’re extremely pleased to extend our partnership to drive TBC’s future success by providing innovative credit programs for their most valued customers.”

“Throughout the past 15 years we have established a strong relationship with Citi,” said Tim Miller, TBC’s Chief Financial Officer. “We appreciate their partnership and underlying support of our business objectives, and look forward to continuing our collaboration.”

This is the ninth contract renewal Citi Retail Services has announced since the beginning of 2014. Citi Retail Services delivers consumer and commercial credit card products, both private label and co-brand, to retailers and their clients across North America. Backed by the global power of Citi, the business serves nearly 90 million accounts for a number of iconic brands, including Best Buy, ExxonMobil, Macy's, Sears, Shell and The Home Depot. It offers cutting-edge digital options, multi-channel retailing expertise and industry-leading data analytics capabilities that help retailers from a broad range of industries grow their businesses.

About TBC Corporation

For 60 years, TBC Corporation (TBC), one of North America’s largest marketers of automotive replacement tires through a multi-channel strategy, has been a tire company ahead of the curve. Through worldwide operations spanning wholesale, retail, and franchise, TBC provides customers best in class brands and automotive maintenance and repair services with the underlying mission to exceed customer expectations. TBC serves wholesale customers in the United States, Canada and Mexico through TBC Brands, Carroll Tire Company, TBC International, and TBC de Mexico. Additionally, TBC responds to the needs of consumers in search of total car care at more than 3,200 franchised and company-operated tire and automotive service centers under the brands Tire Kingdom® Service Centers, Merchant's® Tire & Auto Service Centers, NTB® Tire and Service Centers, Big O Tires®, Midas®, and SpeeDee Oil Change and Auto Service®.

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.