Steve Hansen was promoted to Crestmark’s first vice president, Western Division sales manager from regional first vice president, business development officer. Hansen, who worked in the Houston market, is now responsible for growing Crestmark’s business west of the Mississippi.

Shannon Stetson was promoted to regional vice president, business development officer. She will now represent Crestmark in Houston and Louisiana, as well as her existing territory of South Texas. The Dallas market and surrounding area will continue to be represented by Regional First Vice President Melinda Fricke, who also leads sales initiatives in Oklahoma and Arkansas.

Since joining Crestmark in 2009, Hansen has demonstrated leadership in the development of new business and expanded Crestmark’s client base. In his new role, Hansen will develop and implement sales strategies and lead an existing team of five experienced business development officers to expand Crestmark’s presence in the Western U.S. Hansen reports to Ray Morandell and works closely with Western Division President Pat Haney.

Hansen’s career in the finance industry spans more than 30 years Before coming to Crestmark, Hansen was a vice president for Summit Financial Resources. Earlier, he was a vice president, business development officer for Transaction Based Services.

“Steve Hansen is consistently one of Crestmark’s top performers,” said Morandell, senior vice president, national sales director. “To this new role, Steve brings a strong grasp of how Crestmark’s financial products can help businesses, a deep commitment to helping clients, and strong leadership skills. Steve and his solid team of BDOs will work together to build on our success in the West.”

Stetson joined Crestmark in 2011 as a business development officer for the Austin/San Antonio area and later for the Dallas/Fort Worth area. She is relocating to Houston and will work with Hansen to ensure Crestmark maintains its strong connections with small- and medium-sized businesses in the community. She came to Crestmark from Morrissey & Company where she was a senior associate. Earlier, she was an account executive at Levenson & Brinker Public Relations in Dallas.