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Crestmark Bank's Strategic Partnership Montare Finance Group

Media contact:
Mia Beattie
(248) 267-1654 FOR IMMEDIATE RELEASE July 27, 2009


West Palm Beach, FL — Crestmark Bank is pleased to announce that they have established a strategic business development relationship with Montare Finance Group, LLC, based in Moorestown, NJ. Charles J. Snyder, Managing Partner of Montare, is excited about the direct access to capital in today’s tight and volatile credit environment. Jim Rothman, Group President, East Region noted that the new sales and credit processing arrangement allows Crestmark to have immediate impact and further become a highly respected presence in the northeastern United States.

Crestmark, an FDIC-insured bank, offers traditional asset-based lines of credit and factoring for businesses throughout the United States. Eligible clients can enjoy reporting through traditional borrowing base programs, while clients needing special accommodations can gain flexibility through traditional and recourse factoring programs. In addition, Crestmark offers specialty financing divisions for the staffing and transportation industries.

Montare is a consulting services company that specializes in the financial restructuring needs of small middle-market companies. The senior members have more than 45 years of combined direct lending investment banking, turnaround and consulting experience and are headed by Joe Klinger, former CEO of Philadelphia based Business Credit Partners.

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