TROY, MICHIGAN (September 4, 2013) Crestmark is pleased to announce the addition of James G. (Jim) Farrell as First Vice President, Midwest Regional Sales Manager. He reports through Ray Morandell, National Sales Director, and will work as a part of Crestmark’s growing East Division. He will maintain offices in Indianapolis, Indiana and Lansing, Michigan and will be responsible for new loan origination in Indiana, Kentucky, and southern Ohio. Farrell is a member of the Turnaround Management Association, where he is a past Board Member for the Detroit Chapter, and a member of Association for Corporate Growth. He holds a B.A. in Finance from Michigan State University.
Farrell has an extensive asset-based lending background with more than 25 years of experience as a financial executive in the areas of capital formation and financing, turnaround management, and business development. Most recently, he worked at Huntington Bank as a Business Development Officer for their ABL Group, serving the West Michigan and Indiana markets. Previously, he worked as a Business Development Officer for Bank of America Business Capital, LaSalle Business Credit, and Crestmark Bank.
“Crestmark has continued to optimize its go-to-market strategy and sales team. As we look to further penetrate our respective markets as a national working capital provider while using a local approach to doing business, Jim will help us to scale our sales management process and allow us to ensure appropriate market implementation,” said Morandell. “Jim brings a wealth of asset-based lending credit and sales expertise to augment his existing strong contact base to the Crestmark team. His management insight coupled with existing Crestmark relationships will allow us to continue to expand deal flow and efficiencies as we fine-tune the implementation of our strategy.”
Crestmark is a nationally known and respected FDIC-insured bank that provides innovative financial solutions for small- to medium-sized businesses. Financing solutions include asset-based lending, accounts receivable financing, lines of credit, factoring and equipment financing. Crestmark finances most business-to-business companies, and has extensive experience in helping many industries including transportation, manufacturing, staffing, petrochemical, government contractors, apparel and furniture manufacturing. Headquartered in Michigan, with locations in California, Florida, Louisiana, Tennessee, New York, and Illinois; representatives in Alabama, Maryland, North Carolina, and Texas. www.crestmark.com