Crestmark made a series of organization changes, including merging its business credit and commercial capital groups to create a newly formed working capital finance business unit and merging Crestmark Equipment Finance and Crestmark Vendor Finance into a single equipment finance business unit.
MetaBank promoted Christopher Soupal to commercial finance division president. 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.
Crestmark promoted David Menoian to government guaranteed lending business unit president. Menoian is based in Troy, MI, and will oversee the company’s SBA and USDA lending portfolio. He will report to Christopher Soupal, division president for Crestmark.
Crestmark named Rick Pierman senior vice president and business unit president of Crestmark Equipment Finance. Pierman previously held the role of senior vice president of strategic operations with Crestmark Equipment Finance.
Crestmark funded more than $215 million for small businesses through the Paycheck Protection Program (PPP), part of the CARES Act stimulus package.
Crestmark promoted Christopher Soupal to Crestmark executive vice president and Government Guaranteed Lending Division president.
Jared Lemmermen, vice president and eligibility and compliance specialist of Crestmark’s Government Guaranteed Lending Division, has earned a National Association of Government Guaranteed Lenders Fundamental Lender Diploma.
Crestmark announced the creation of a division focused entirely on national SBA finance. Jack Talkington will oversee the new division. Joining Talkington are Christopher Soupal and David Maiuri.