Crestmark Strengthens its Transportation Services, Welcomes Heath Holdbrooks as Division President

(TROY, MICHIGAN, February 17, 2014) Crestmark makes a move to increase financing support for the transportation industry, and proudly welcomes Heath Holdbrooks as Division President. With vast experience in the industry, Crestmark looks to his input to continue to expand the Franklin, Tennessee Crestmark Transportation Services office and strengthen the support of transportation companies nationwide. Holdbrooks was also named a company Executive Vice President, and joined the Executive Committee.

Holdbrooks comes to Crestmark after a 2011 foray into the world of entrepreneurship when he launched a private consulting firm that focused on helping both transportation and factoring companies in all financial and operational aspects. Prior to that, he worked with Corporate Billing, Inc. (CBI), a wholly owned subsidiary of First American Bank, where he began as Executive Vice President, National Sales Manager; and moved to President and CEO. While at CBI, Holdbrooks developed and launched multiple accounts receivable programs for the Transportation Industry in the U.S. and Canada. Earlier, Holdbrooks worked with Compass Bank’s Commercial Billing Division as Vice President, Regional Sales Manager; and began his commercial finance career with Regions Bank as a Business Development Officer specializing in accounts receivable facilities. Prior to that, Holdbrooks worked in configuration management at the Marshall Space Flight Center. Holdbrooks attended both The University of Alabama and the University of North Alabama where he received his B.S. in Business Management.

“We are honored to have Heath join the Crestmark family,” said Mick Goik, Crestmark President and COO. “His reputation, background and knowledge in the transportation space is exemplary, and his management style and demeanor will be the perfect fit as we continue to grow our division with a laser focus on this industry.”

Crestmark is an FDIC-insured bank that provides innovative financial solutions for businesses nationwide. Financing solutions include asset-based lending, accounts receivable financing, lines of credit, term loans, factoring, machinery/equipment financing and equipment leasing. Crestmark has extensive experience in helping many industries including transportation, manufacturing, staffing, petrochemical, government contractors, apparel/footwear/furniture distribution/manufacturing, hospitality/hotels, insurance agencies, and technology hardware/software. Headquartered in Michigan, with additional offices in California, Florida, Louisiana, Tennessee, New York, and Illinois; and representatives nationwide.