TROY, Mich., (April 18, 2018) — Crestmark Executive Vice President and National Sales Manager Ray Morandell announced the promotion of Steve Hansen to senior vice president, Western Division sales manager from first vice president. Hansen, who reports to Morandell, is based in Houston, and works closely with Western Division President Pat Haney. Since his promotion… Read more »

TROY, Mich., (April 5, 2018) – Crestmark secured a total of $26,909,000 in financial solutions for 20 new clients in the second half of March. On March 16, a $2,500,000 USDA Rural Energy for America Program (REAP) loan facility and a $1,250,000 USDA Business & Industry (B&I) loan facility were provided to a solar developer… Read more »

TROY, Mich., (March 19, 2018) – Crestmark secured a total of $25,675,000 in financial solutions for 16 new clients in the first half of March. On March 1, a $500,000 Crestmark term loan facility was provided to a software developer in Michigan. The financing will be used to pay off an existing lender and for… Read more »

TROY, Mich., (March 15, 2018) – Crestmark Executive Vice President Larry Pearce announced Crestmark’s expansion of its funding capabilities to provide several options to the growing solar energy market. Crestmark offers several financing programs to help business owners looking to minimize their up-front investment and maximize their renewable energy generation, including financing of solar field… Read more »

TROY, Mich., (March 6, 2018) – Crestmark secured a total of $17,700,000 in financial solutions for 17 new clients in the second half of February. On Feb. 16, a $2,000,000 accounts receivable purchase facility was provided to a trucking company in Oregon. The financing will be used to pay off an existing lender and for… Read more »

TROY, Mich., (February 22, 2018) — Crestmark is pleased to announce promotions in its Crestmark Equipment Finance (CEF) division. Thomas (Tom) Rutherford has been appointed division president, and James (Jim) Recker is division chief operating officer (COO) and general counsel. Both Rutherford and Recker will report to Mick Goik, Crestmark president and chief operating officer,… Read more »

TROY, Mich., (February 19, 2018) – Crestmark secured a total of $18,450,000 in financial solutions for 15 new clients in the first half of February. On Feb. 1, a $2,250,000 term loan facility was provided to a solar development company headquartered in California. A $150,000 accounts receivable purchase facility was provided to a trucking company… Read more »

TROY, Mich., (February 1, 2018) – Crestmark secured a total of $23,295,218 in financial solutions for 22 new clients in the second half of January. On Jan. 17, a $2,000,000 new lease transaction was completed with a health care company in the eastern U.S. The financing will be used for software. A $350,000 accounts receivable… Read more »

TROY, Mich., (January 18, 2018) – Crestmark secured a total of $44,323,000 in financial solutions for 15 new clients in the first half of January. On Jan. 2, an $8,823,529 USDA REAP loan facility and a $6,176,471 USDA Business & Industry loan facility were provided to a solar energy company in California. The financing will… Read more »

Transformational acquisition provides Meta with nationwide commercial lending platform Transaction expected to be 10% accretive to fiscal year 2019 earnings per share Sioux Falls, S.D., Jan. 9, 2018 – Meta Financial Group, Inc.® (Nasdaq: CASH) (“Meta”), the holding company for the federally chartered savings bank MetaBank®, today announced it has reached an agreement to acquire… Read more »