Daily News: May 2, 2014

Crestmark Creates National SBA Division

Crestmark announced the expansion of its SBA loan products with the creation of a division focused entirely on national SBA finance. Crestmark has been offering SBA loans as a compliment to their core client base of small- to medium-sized businesses for many years. Crestmark’s decision to form this niche division will further cultivate their SBA capabilities, providing clients with creative capital solutions while maintaining high-quality service.

This strategic and dedicated national expansion has been enhanced by the addition of three talented and experienced individuals. Jack Talkington, senior vice president, will oversee the division. Joining Talkington are Christopher R. Soupal, vice president, National Sales director and David Maiuri, vice president, director of Underwriting and Account Services.

Talkington has been with Crestmark since 2008, and has extensive experience as a business leader, from startups to established companies. He successfully led several Crestmark national growth initiatives from concept to completion, and prior to that, was a founding partner in Commercial Capital Lending.

Soupal joined Crestmark with the responsibility for development of the SBA product portfolio. He brings more than 17 years of experience comprised of origination, underwriting and management for loan products consisting of senior, second lien and subordinated debt within the performing and distressed sectors. Prior to Crestmark, Soupal was managing director for a special opportunity fund, which provided creative capital solutions, in the form of debt or equity, to platforms in niche industries.

Maiuri joined the Crestmark team in 2008 and has excelled in numerous credit / risk management positions. Prior to Crestmark, he worked with First National Bank of America and LaSalle Bank

“This is a smart and motivated team,” said Mick Goik, Crestmark Bank president. “I can’t say enough about how Jack’s expertise has been an invaluable asset to our organization; Dave has proven himself to be an astute and hard worker, and Christopher’s unique experience, knowledge and high-energy personality will be perfect to lead this venture into the market nationwide.”