Crestmark Hires Philip J. Yanick as Chief Risk Officer

(TROY, MICHIGAN, February 6, 2013) Crestmark is pleased to announce that it has hired Philip J. Yanick as Senior Vice President, Chief Risk Officer. In his new role, Yanick will be responsible for enhancing Crestmark’s risk management practices and assisting in the continued growth and success of the bank. Yanick has extensive experience working with the financial services industry having worked with the FDIC for over 33 years in diverse roles. Most recently, he was a Senior Commissioned Examiner responsible for oversight, scheduling and assessment examinations regarding IT and data processing; he also assisted with safety and soundness examinations, assessed the asset quality of distressed portfolios, and conducted special investigations on an interagency basis. Yanick has a B.S. in Finance from Wayne State University, Michigan, is a Certified Information Systems Auditor (CISA), and has numerous other certifications. Yanick works out of the Troy, Michigan, Corporate Headquarters.

“We are excited to welcome someone of Phil’s caliber and experience to Crestmark,” said Mick Goik, Crestmark President/COO.

“Phil has been a valuable resource for Crestmark through the years, and we are thrilled to have him as part of the Crestmark family,” said W. David Tull, Crestmark Founder and CEO.

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, government contractors, apparel and furniture manufacturing. Headquartered in Michigan, with offices in Florida, Louisiana, Tennessee, New York, Alabama, California, Illinois, Ohio, Missouri, North Carolina, and Texas.