Daily News: February 6, 2013

Crestmark Hires Yanick as SVP, Chief Risk Officer

Crestmark hired Philip J. Yanick as senior vice president, chief risk officer. In his new role, Yanick will be responsible for enhancing Crestmark’s risk management practices and assisting in the continued growth and success of the bank.

Yanick has experience working with the financial services industry having worked with the FDIC for over 33 years in many roles. Most recently, he was a senior commissioned examiner responsible for oversight, scheduling and assessment examinations regarding IT and data processing; he also assisted with safety and soundness examinations, assessed the asset quality of distressed portfolios and conducted special investigations on an interagency basis.

“We are excited to welcome someone of Phil’s caliber and experience to Crestmark,” said Mick Goik, Crestmark president/COO.

“Phil has been a valuable resource for Crestmark through the years, and we are thrilled to have him as part of the Crestmark family,” said W. David Tull, Crestmark founder and CEO.

Crestmark provides financial solutions for small- to medium-sized businesses, including ABL, A/R financing, lines of credit, factoring and equipment financing.