Crestmark Management Changes

(TROY, MICHIGAN, November 14, 2012) To continue to strengthen their support of businesses in need of working capital financing, Crestmark has made the following management changes: Steven Tomasello has been promoted to Group President of the Midwest Region/Troy, Michigan office; and Jack R. Roper, previously Midwest Region Group President, has relocated to head the Franklin, Tennessee, Crestmark Transportation Services office as its Group President. “As a growing company in an ever-changing marketplace, it is important to make adjustments to ensure that we are helping the business communities we serve. We look forward to the positive momentum that we believe these changes will bring,” said Mick Goik, Crestmark President.

Steven Tomasello was promoted to Group President to run the Midwest Regional office located in Troy, Michigan. Tomasello joined Crestmark in December of 2009, and was promoted First Vice President, Portfolio Manager in December 2010. Tomasello has over 20 years of commercial finance experience. Prior to joining Crestmark, he was the Chief Operating Officer at Rexford Funding, LLC, and Managing Director of Great Lakes Business Credit, LLC. Tomasello holds an MBA from Wayne State University and a BBA from Western Michigan University.

Jack R. Roper has relocated to lead the Crestmark Transportation Services division office, in Franklin, Tennessee. He is their new Group President. Roper joined Crestmark in January 2008 as Executive Vice President, Chief Credit Officer. In 2009, he transitioned to the role of Group President in charge of the Midwest Region. Prior to Crestmark, Roper was President and CEO of Marquette Commercial Finance in Fort Worth, Texas. Throughout his career in the industry, Roper has held posts such as Auditor, Controller, and CFO at other financial institutions. He attended Texas A&M and West Texas State University, where he received a BBA in accounting.

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 and factoring. 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.