Crestmark Wins Three Awards of Excellence from Graphic Design USA

(TROY, MICHIGAN, December 20, 2012) Striving for excellence continues to pay off for Crestmark – most recently with the win of three 2012 Awards of Excellence from the American Graphic Design Awards. The company was recognized for the Holiday Greeting 2011, created of handmade paper by workers with disabilities or disadvantages; the Get a Leg… Read more »

Crestmark Closes Seven Transactions Totaling more than $6.5 Million the First Two Weeks of December

TROY, Michigan (December 19, 2012) – During the first two weeks of December a total of $6,550,000 in financial solutions was secured for seven new Crestmark clients. A $500,000 Accounts Receivable Purchase facility was funded December 3 for a California trucking company. The company transports produce and meats throughout the United States. Funding will be… Read more »

Iain Michie Joins Crestmark Team

(TROY, MICHIGAN, November 19, 2012) – Crestmark is pleased to welcome Iain Michie, Vice President, Debtor Credit Manager. Michie works out of the Troy, Michigan, office. Michie joins Crestmark from Marquette Commercial Finance in Texas, where he worked as a Credit Manager for five years. With over 45 years in the financial industry, Michie has… Read more »

Crestmark Management Changes

(TROY, MICHIGAN, November 14, 2012) To continue to strengthen their support of businesses in need of working capital financing, Crestmark has made the following management changes: Steven Tomasello has been promoted to Group President of the Midwest Region/Troy, Michigan office; and Jack R. Roper, previously Midwest Region Group President, has relocated to head the Franklin,… Read more »

Crestmark Closes Four Transactions Totaling $3.4 Million in the First Two Weeks of November

TROY, MICHIGAN (November 14, 2012) – A total of $3,400,000 in financial solutions was secured for four new Crestmark clients during the first two weeks of November. A North Carolina leather upholstery company was provided a $1,250,000 Traditional Factoring facility on November 7. This premier supplier designs high-quality leather upholstered furniture sold at specialty shops… Read more »

Crestmark Closes Seven Transactions Totaling $9 Million for New Clients the Month of October

TROY, MICHIGAN (November 1, 2012) – Seven transactions closed the month of October total $9,000,000 for new Crestmark clients. On October 2, Crestmark provided a $150,000 Accounts Receivable Purchase facility to a Michigan-based logistics company, a division of a transportation corporation. Funding will be used as working capital for this logistics start-up looking to make… Read more »

Five Transactions Closed the First Two Weeks of October Total $3.5 Million for New Crestmark Clients

TROY, MICHIGAN (October 18, 2012) – The first two weeks of October, Crestmark helped five new clients secure agreements totaling $3,500,000. On October 2, Crestmark provided a $150,000 Accounts Receivable Purchase facility to a Michigan-based logistics company, a division of a transportation corporation. Funding will be used as working capital for this logistics start-up looking… Read more »

Patricia E. Mooradian named to Crestmark Board

(TROY, MICHIGAN, October 15, 2012) – Patricia E. Mooradian, president of The Henry Ford, has been named to the board of directors of Crestmark Bancorp, Inc., and Crestmark Bank, a nationally recognized provider of working capital solutions for small- to medium-sized businesses. Mooradian joins the five member board effective immediately. “Patricia’s strategic vision and multifaceted… Read more »

Crestmark Closes Nine Transactions Totaling More Than $9.6 Million the Month of September

TROY, MICHIGAN (October 1, 2012) – Crestmark is pleased to announce that for the month of September the company helped nine new clients with agreements totaling $9,650,000. On September 6, Crestmark provided a $975,000 Accounts Receivable Purchase facility to a Missouri-based, trucking company specializing in time-critical, high-value shipments. The funding will be used for amortization… Read more »