Crestmark Promotes Twelve Employees

PRESS RELEASE For Immediate Release January 17, 2011 Contact: Lisa Beattie Phone: 248-267-1639 To continue to strengthen their support of businesses in need of working capital financing, Crestmark is pleased to announce the following promotions. “Our company has experienced tremendous growth which has allowed us to extend our reach to help businesses in need. These… Read more »

Mark Matheson Named Chief Credit Officer; Matt Barbuscak and Ray Morandell Named to Executive Committee

PRESS RELEASE For Immediate Release January 11, 2011 Contact: Lisa Beattie Phone: 248-267-1639 In a move to strengthen their support of businesses obtaining asset-based lending, Crestmark is pleased to announce the promotion of Matheson to Chief Credit Officer; and Barbuscak and Morandell to the Executive Committee. W. David Tull stated, “Crestmark has had serious growth… Read more »

Crestmark Promotes Matt Barbuscak, Steven Tomasello, Jeffrey Silverstein and Andrew Swanson

Crestmark Promotes Matt Barbuscak, Steven Tomasello, Jeffrey Silverstein, and Andrew Swanson Crestmark is pleased to announce the recent promotions of Matt Barbuscak, Steven Tomasello, Jeffrey Silverstein, and Andrew Swanson. Matt Barbuscak, First Vice President, has taken on the role of Operations Manager at Crestmark’s Troy Corporate Office. Barbuscak, with over 25 years of commercial finance… Read more »

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… Read more »

Crestmark’s October & November 2010 Fundings

PRESS RELEASE For Immediate Release December 7, 2010 Contact: Lisa Beattie Phone: 248-267-1639 Crestmark provided $28,000,000 in working capital facilities to 36 new businesses in October and November 2010. The agreement types included accounts receivable financing, asset-based lending, and various methods of factoring. Crestmark’s Troy, MI office provided: $3,000,000 to a Michigan trucking company $1,200,000… Read more »

Crestmark Gains Apparel Factoring Company Westgate Financial

FOR IMMEDIATE RELEASE Crestmark Expands its Factoring Presence and its Commitment to Helping Small Businesses [Troy, Michigan] Crestmark, a Michigan FDIC-regulated bank, announces the acquisition of the primary assets of Westgate Financial Corp., a factoring and purchase order finance company headquartered in Hoboken New Jersey. The new company has been named Crestmark Westgate, LLC, and will report… Read more »

Crestmark September 2010 New Clients

PRESS RELEASE For Immediate Release October 8, 2010 Contact: Lisa Beattie Phone: 248-267-1639 Crestmark provided $14,300,000 in working capital facilities to 15 new businesses in September 2010. Crestmark’s Troy, MI office provided: $4,000,000 to a California home accessories distributor $300,000 to a Michigan steel and oil recycler $750,000 to a New York manufacturer of building… Read more »

JT Jacus Joins Crestmark Team

PRESS RELEASE For Immediate Release October 1, 2010 Contact: Lisa Beattie Phone: 248-267-1639 JT Jacus Joins the Crestmark Team Crestmark is pleased to announce the addition of James T. Jacus (JT) as vice president, business development. He will report to Crestmark’s Troy, Michigan corporate office, will be based out of the Rochester, New York area,… Read more »

Crestmark’s August 2010 Fundings

PRESS RELEASE For Immediate Release September 23, 2010 Contact: Lisa Beattie Phone: 248-267-1639 Crestmark provided $15,150,000 in working capital facilities to 7 new businesses in August 2010. Crestmark’s West Palm Beach, FL office provided: $ 2,000,000 to a New Jersey pressurized vessel maintenance/repair company $850,000 to a Florida importer/distributor of metal + aluminum cookware/bakeware Crestmark’s… Read more »

Todd Waldrip Joins Crestmark Team

PRESS RELEASE For Immediate Release September 20, 2010 Contact: Lisa Beattie Phone: 248-267-1639 Todd Waldrip Joins the Crestmark Team Crestmark is pleased to announce the addition of Todd Waldrip as Vice President, Business Development. He will report to Crestmark’s Baton Rouge, Louisiana office, will be based out of the Birmingham, Alabama area, and will provide… Read more »