Jerry Tidd Rejoins Crestmark Team

For Immediate Release September 1, 2011

Crestmark is pleased to announce the addition of Gerald “Jerry” Tidd as Vice President, Business Development, to the Crestmark team. He reports through Ray Morandell in the Midwest Region/Troy Michigan office; and is located in Cleveland, Ohio. Tidd, who brings over 40 years of commercial finance experience, was previously with MidCap Financial in their Asset Based Lending group, and Crestmark Bank; prior to that he was Vice President, Business Development in the Commercial Finance Division of Textron Financial, and for several years managed Westinghouse Business Credit’s Midwest office. He is a member of the Turnaround Management Association (TMA), Commercial Finance Association (CFA), and International Factoring Association (IFA) and very involved in his community. Tidd is a graduate of Gannon University in Erie, Penn. “We are glad to have Jerry back on the Crestmark team. His expertise in accounts receivable financing and asset-based lending are well-known in the industry, and his great attitude is a natural for working with referral sources and helping businesses obtain working capital solutions,” said Ray Morandell, Senior Vice President, Midwest Region Sales Manager. Crestmark is a nationally recognized provider of working capital solutions for small- to medium-sized businesses. Financing solutions include asset-based lending, accounts receivable financing and factoring. Extensive experience in many industries, including manufacturing, staffing, government receivables, apparel, and transportation. Headquartered in Troy, Michigan, with regional offices in Florida, Louisiana and Tennessee; sales offices located in Alabama, California, Florida, Georgia, Illinois, Ohio, New Jersey, New York, Missouri, North Carolina and Texas.