Kevin Dowd Joins the Crestmark Team; Sherri Myers Promoted

For Immediate Release January 31, 2011

Contact: Lisa Beattie
Phone: 248-267-1639

Crestmark is pleased to announce the addition of Kevin M. Dowd as Vice President, Debtor Credit Manager to the Crestmark team; and Sherri Myers has been promoted to Vice President.

Kevin M. Dowd has joined Crestmark’s corporate office as their new Debtor Credit Manager, reporting to the Chief Credit Officer. Dowd has over 30 years of credit and collection industry experience, most recently with Stock Building Supply since 2006. Prior to that, he was Credit Manager for SPX Corporation and held similar positions at Henkel Corporation and Federal Mogul Corporation. Kevin has a B.A. in Finance from Walsh College and has received the CCE (Certified Credit Executive) designation from the Graduate School for Credit and Financial Management.

“Kevin brings to Crestmark a wealth of experience in the credit and collection areas. We’re excited to have someone with his strong background and capabilities and expect his contributions to yield higher efficiencies, a more consistent product throughout the organization and further support for our internal and external customers,” said Mark Matheson, Senior Vice President, Chief Credit Officer.

Sherri Myers has been named Vice President, Account Executive for the Crestmark Troy/Midwest Region office. She has worked with the company for over nine years, and has held numerous roles in the credit and operations departments including those of Account Executive and Assistant Operations Manager. Myers has a B.A. in Business Management from Oakland University.

“Sherri is being recognized for her commitment to the bank and its customers,” said Steven Tomasello, First Vice President, Troy Region Portfolio 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.  Headquartered in Troy, Michigan, with regional offices in Florida, Louisiana and Tennessee; sales offices located in Alabama, California, Florida, Illinois, New Jersey, New York, Ohio, Missouri, North Carolina and Texas.