TROY, Mich., (November 5, 2018) – Crestmark secured a total of $12,800,000 in ABL financial solutions for 14 new clients; Crestmark Equipment Finance provided $1,245,051 in one new lease transaction; Crestmark Vendor Finance provided $4,652,506 in 64 new lease transactions; the Government Guaranteed Lending Division provided $5,530,000 in financing for three new clients; and the… Read more »

TROY, Mich., (October 19, 2018) – Crestmark secured a total of $13,585,000 in ABL financial solutions for eight new clients; Crestmark Equipment Finance provided $13,412,118 in seven new lease transactions; and Crestmark Vendor Finance provided $3,151,862 in 51 new lease transactions in the first half of October. Crestmark’s asset-based lending division: On October 1, a… Read more »

TROY, Mich., (October 12, 2018) — Crestmark is pleased to announce the promotion of Bob Leonard to senior vice president, managing director of indirect originations for the Crestmark Equipment Finance (CEF) division. Leonard joined Crestmark in January 2017 as vice president, managing director of indirect originations, reporting to CEF’s President Tom Rutherford. “Bob had an… Read more »

TROY, Mich., (October 4, 2018) – Crestmark secured a total of $22,050,000 in ABL financial solutions for eight new clients; Crestmark Equipment Finance provided $1,289,956 in two new lease transactions; Crestmark Vendor Finance provided $4,443,416 in 47 new lease transactions; and the Government Guaranteed Lending division provided $39,752,098 in financing for 12 new clients in… Read more »

TROY, Mich., (September 25, 2018) – Crestmark secured a total of $14,400,000 in ABL financial solutions with 17 transactions for 15 new clients; Crestmark Equipment Finance provided $2,968,342 in four new lease transactions; Crestmark Vendor Finance provided $6,800,000 in 73 new lease transactions; and the Government Guaranteed Lending division provided $10,866,000 in financing for two… Read more »

TROY, Mich., (September 6, 2018) – Crestmark secured a total of $31,046,038 in financial solutions with 16 transactions for 14 new clients in the second half of August. On August 16, a $400,000 accounts receivable purchase facility was provided to a trucking company in Illinois. The financing will be used for working capital purposes. A… Read more »

TROY, Mich., (August 22, 2018) – Crestmark secured a total of $46,935,891 in financial solutions with 18 transactions for 14 new clients in the first half of August. On August 3, a $75,000 accounts receivable purchase facility was provided to trucking brokerage in Alabama. The financing will be used for working capital purposes. A $2,000,000… Read more »

TROY, Mich., (August 7, 2018) – Crestmark secured a total of $74,854,453 in financial solutions for 26 new clients in the second half of July. On July 16, an $830,000 term loan facility was provided to an independent wealth management firm in California. The financing will be used to pay off an existing lender. A… Read more »

Acquisition propels Meta into national commercial and industrial lending SIOUX FALLS, S.D., (Aug. 1, 2018) – Meta Financial Group, Inc.® (Nasdaq: CASH) (“Meta” or the “Company”) the holding company for MetaBank®, announced today that it completed the previously announced acquisition of Crestmark® Bancorp, Inc. and its Michigan state-chartered bank subsidiary, Crestmark Bank. Crestmark has provided… Read more »

TROY, Mich., (July 18, 2018) – Crestmark secured a total of $22,028,384 in financial solutions for 15 new clients in the first half of July. On July 2, a $200,000 accounts receivable purchase facility was provided to a trucking company in Colorado. The financing will be used for working capital purposes. A $100,000 accounts receivable… Read more »