Daily News: January 11, 2013

Crestmark Promotes Seven Employees

In an effort to continue to strengthen its presence while rewarding employees for the instrumental roles they play in the company’s development, Crestmark has recently promoted seven employees.

“Crestmark is proud of each of these individuals who have helped us expand and continue our support of businesses in need of working capital. We congratulate each on their success,” said Mick Goik, Crestmark president/COO.

Steven Tomasello was promoted to senior vice president. In November 2012, Tomasello was promoted to group president of the Midwest Region office in Troy, MI. He will focus on growing the region, working on client satisfaction and bringing further efficiencies to the region. Tomasello started with Crestmark in December 2009, and has previously worked as chief operating officer at Rexford Funding and managing director at Great Lakes Business Credit.

Ray Morandell, SVP, was promoted to the newly created role of national sales manager. This role includes overseeing ongoing product awareness and training for the National Sales staff, working with Sales Administration to build consistency and common measurements and serving as an advocate for all BDOs in establishing best practices, cross selling and supporting efforts for increasing deal flow and throughput. Morandell served as Midwest and Transportation sales manager since joining Crestmark in 2008. Previously he was the national sales manager with Textron Financial.

Larry Pearce was promoted to managing director of Corporate Joint Ventures from first vice president, underwriting manager. Pearce started with Crestmark in 2005 as VP, Underwriting and has been the Midwest Region’s underwriting manager since 2007. In his new role, Pearce will be responsible for managing the credit risk, internal training and growth of Crestmark’s joint ventures. Pearce works out of the Midwest Region office in Troy, MI.

Damion Taylor was promoted to first VP, portfolio manager for the Midwest Region office in Troy. In this role Taylor will continue to customize financial solutions for Crestmark clients. Taylor started with Crestmark in 2006 as an account executive, vice president, also serving a year in the underwriting department.

Patty Oakes, assistant VP, was promoted to account executive for the Midwest Region. Oakes was promoted from financial analyst. She has been with Crestmark since 2007 and previously was a client analyst. In this new role she will help manage accounts and continue to support the region’s business development officers.

Adam Colley, assistant VP, has been promoted to underwriter for the Midwest Region. Colley has been with Crestmark since 2006 and previously held the role of underwriter analyst. He has also served as a client analyst in both the Michigan and Florida regional offices, as well as field examiner.

Kathleen Anderson-Waldropt was promoted to account executive from assistant account executive. She works out of the East Region office in Boynton Beach, FL. In this new role, she will manage customer accounts and continue to provide support to area business development officers. Anderson-Waldropt joined Crestmark in 2010 as a client analyst/AAE.

Crestmark is an FDIC-insured bank that provides innovative financial solutions for small- to medium-sized businesses.