MetaBank, a financial enablement company, promoted Christopher Soupal to commercial finance division president. He will report to Brett Pharr, co-president and COO of MetaBank.
Soupal has more than 20 years of finance and capital management experience. He will lead all aspects of commercial finance for MetaBank, including the Crestmark and AFS/IBEX divisions, as well as commercial operations.
“Chris has shown a proven ability to expand our commercial finance business into niche sectors with innovative applications of our lending products,” Pharr said. “He is a true asset to our business, our clients, and is well-deserving of this new role.”
Soupal joined Crestmark in 2014 as national sales director of the then newly formed government guaranteed lending group. Soupal was promoted to president of the government guaranteed lending business unit in 2019. In 2020, he was named head of the equipment finance, vendor finance and joint ventures business units, as well as the head of renewable energy lending and product development. In his new role, Soupal will oversee all product lines of the commercial finance division, including asset-based lending and accounts receivable financing through the business credit and commercial capital business units.
“In tough economic times, and in periods of prosperity, companies need partners that can provide flexible and innovative financing,” Soupal said. “I look forward to working with everyone on the team as we continue to support our clients with financial enablement services that support the growth of their businesses.”
Prior to Crestmark, Soupal was managing director for a special opportunity fund that provided capital solutions in the form of debt or equity.