Crestmark promoted James G. Farrell to senior vice president and hired Vince Hamilton as vice president.

Farrell has been promoted to senior vice president, Eastern Division sales manager from first vice president, Eastern Division sales manager. Farrell continues to report to Ray Morandell, executive vice president, national sales manager. He splits his time between the Indianapolis and Troy, MI offices.

Farrell joined Crestmark in August 2013 with an established asset-based lending background at such institutions as LaSalle Bank, Bank of America Business Capital and Huntington Bank. He is a member of the Turnaround Management Association, where he is a past board member for the Detroit Chapter, and a member of Association for Corporate Growth.

“Over the past several years, we have improved reporting structures to allow a more focused coaching approach for our team and how we go to market. We established regional sales managers with team sizes conducive to staying focused on the tactical plans of our strategic vision,” Morandell said. “Jim’s promotion recognizes his hard work in leading the East Division sales team. His efforts have been a catalyst in building our growth objectives. We look forward to further efficient and profitable growth as he continues to develop his team and we continue to optimize our go-to-market strategy.”

Hamilton has joined Crestmark as vice president, account executive for the Eastern Division. Hamilton reports to Jeff Silverstein, senior vice president, East Division portfolio manager. He works from the Troy office.

Hamilton joins with more than 20 years of commercial finance experience, and a background in credit administration and small-business lending. Hamilton worked in various capacities with Comerica Bank in credit and lending, most recently as vice president and senior alternate credit administration officer, where he managed teams in private banking and commercial lending.

Silverstein said, “We are pleased to add Vince to the Eastern Division portfolio group. He comes to Crestmark with over 20 years of banking and lending experience, which will allow him to provide his clients with the highest level of customer service and assistance with their needs. We look forward to his future contributions to our clients and the bank.”