Oxford Commercial Finance implemented strategic leadership changes aimed at providing enhanced strategic direction and oversight. Mick Goik will transition to the role of executive chairman of the board of directors, while Steve Tomasello will assume the role of president.
Mick Goik, the current president of Oxford Commercial Finance, will transition to the role of executive chairman of the board of directors, while Steve Tomasello, currently a senior vice president and national sales manager, will assume the position of president.
Oxford Commercial Finance, a subsidiary of Oxford Bank, recorded $64 million in funding for small and mid-sized businesses in 2023, its first full year in business.
Oxford Commercial Finance, a subsidiary of Oxford Bank, expanded its line of working capital solutions for small to medium-sized businesses with the addition of purchase order financing as an add-on to the lender’s accounts receivable and asset-based loan products.
Robyn Barrett, senior vice president and managing director of Oxford Commercial Finance, a subsidiary of Oxford Bank, was named incoming president of the American Factoring Association for a two-year term.
Crestmark funded more than $215 million for small businesses through the Paycheck Protection Program (PPP), part of the CARES Act stimulus package.
Crestmark promoted Christopher Soupal to Crestmark executive vice president and Government Guaranteed Lending Division president.
Meta Financial Group completed its acquisition of Crestmark Bancorp and its Michigan state-chartered bank subsidiary, Crestmark Bank.
Crestmark appointed IT expert Howard Brown senior vice president and chief technology officer. Brown will be based at the company’s corporate offices in Troy, MI and report to President and COO Mick Goik.
Crestmark is opening a Canadian location with Nick Dounas joining as vice president and head of Canadian originations.