BridgeSpan Capital and Crestmark Announce Joint Venture

(BLOOMFIELD HILLS, MICHIGAN, March 25, 2013) BridgeSpan Capital Partners and Crestmark are proud to announce the joint venture BridgeSpan Funding, formed specifically to provide short-term financing to investors in commercial real estate assets. Located in Bloomfield Hills, Michigan, the newly formed company will be managed by a diverse and experienced investment team. The team is… Read more »

Crestmark’s Troy Myers earns Certified Fraud Examiner Certification

(TROY, MICHIGAN, March 6, 2013) Crestmark is pleased to announce that Troy Myers, Vice President, Assistant Field Exam Manager, recently became a Certified Fraud Examiner (CFE), passing the Association of Certified Fraud Examiners CFE exam. CFE certification is a one year course, ending in an exam that tests knowledge and expertise in the four primary… Read more »

Crestmark Hires Philip J. Yanick as Chief Risk Officer

(TROY, MICHIGAN, February 6, 2013) Crestmark is pleased to announce that it has hired Philip J. Yanick as Senior Vice President, Chief Risk Officer. In his new role, Yanick will be responsible for enhancing Crestmark’s risk management practices and assisting in the continued growth and success of the bank. Yanick has extensive experience working with… Read more »

Crestmark Acquires NYC’s Ultimate Financial Solutions

(TROY, MICHIGAN, February 4, 2013) Crestmark announced the acquisition of certain assets of Ultimate Financial Solutions (UFS). Located in New York City, the factoring and financial services company has been in business for eight years and provides financing to the apparel, footwear and retail supply chain industry. Three UFS team members will be joining Crestmark’s… Read more »

Crestmark Promotes Seven Employees

(TROY, MICHIGAN, January 10, 2013) In an effort to continue to strengthen Crestmark’s presence while rewarding employees for the instrumental roles they have played in the company’s development, Crestmark has recently promoted seven employees. “Crestmark is proud of each of these individuals who have helped us expand and continue our support of businesses in need… Read more »

Crestmark Chicago Office Expands, adds Scott Frederick

(TROY, MICHIGAN, January 8, 2013) In an effort to strengthen the support of businesses in the Chicagoland area, Crestmark has expanded its Wacker Drive office. Scott Frederick, Regional First Vice President, Business Development, and top sales performer, has relocated to the Windy City. In December, the Michigan native made the move with his family, leaving… Read more »

Crestmark Closes Three Transactions Totaling $1 Million in the Last Half of August

TROY, MICHIGAN (September 5, 2014) Crestmark secured a total of $1,050,000 in financial solutions for three new clients in the last half of August. On August 15, a $500,000 traditional factoring facility was provided to a footwear importer in California. A $300,000 traditional factoring facility was provided on August 27 to a New York designer… Read more »