Martin J. Coloson and Richard T. Packard Join the Crestmark Team

Martin J. Coloson and Richard T. Packard Join the Crestmark Team

Crestmark is pleased to announce the addition of Martin J. Coloson as Vice President, Account Executive, and Richard T. Packard, Vice President, Portfolio Management to the Crestmark team.

Martin J. Coloson (Marty) works in the West Palm Beach office, East region. Coloson has over 35 years experience in commercial finance, managing accounts of various sizes. Marty spent a good portion of his career at Wachovia Capital Finance as Senior Relationship Manager, and prior to that worked with Capital Bank, Intercontinental Bank, and National Bank of North America. Coloson has a bachelor’s degree in management from CW Post College, Brookville, New York.

“I’ve known Marty for years,” said James Rothman, Group President, West Palm Beach office. “He is a great addition to our team and really understands the type of entrepreneurial lending that Crestmark offers.”

Richard T. Packard works in the Crestmark Nashville office, which specializes in transportation finance. He has over 25 years of finance/credit experience dealing with the trucking/transportation industry. Most recently he was Director of Portfolio Administration and Director of Credit with Comdata Network, Inc. He has held positions with Truckstops of America, Ryder FCS, and First Data Resources/American Express. He holds a bachelor’s degree in finance from Middle Tennessee State University and a MBA from Belmont University.

“I’ve had the pleasure of working with Richard in the past, and his background, personality and industry experience will be a great addition to the team here, and we look forward to seeing the positive impact he will make on how we help our clients,” said Bryan Alsobrooks, Group President, Crestmark Transportation Services.

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 York, Ohio, Missouri, North Carolina and Texas.