Crestmark promoted Ray Morandell to executive vice president, national sales director.

“Crestmark has marked its 20th year of helping small- and medium-sized businesses access the funding they need to move their companies forward,” said Mick Goik, Crestmark president and chief operating officer. “Ray’s leadership, his commitment to growth initiatives and his sales team have been important to the success of our mission. It is with great pleasure that I announce Ray’s promotion to executive vice president.”

Morandell joined Crestmark in 2008 as senior vice president and sales manager for the Midwest region. In 2011, he was named to Crestmark’s executive committee and in 2013 he was promoted to senior vice president and national sales director. He oversees a national sales team that provides funding solutions to businesses in manufacturing, staffing, oil and gas well servicing as well as food manufacturing and distribution

Morandell has more than 35 years of experience in banking and finance. He began his career as an investment associate for FNB of Pennsylvania. He has also served as vice president of corporate banking and structured finance for PNC Bank, vice president of business development for GE Capital and senior vice president, national sales manager for Textron Financial.