Crestmark has launched a Business Credit group to focus on asset-based lines of credit and a Commercial Capital group to focus on capital needs primarily secured by accounts receivable.
Crestmark provided more than $23 million in commercial financing to 88 businesses in the first half of August 2019.
Meta Financial Group completed its acquisition of Crestmark Bancorp and its Michigan state-chartered bank subsidiary, Crestmark Bank.
Mission Ready Services completed its acquisition of Wild Things, first announced on September 1, 2016. Crestmark Bank provided a $2.5 million credit facility to support the transaction.
Crestmark hired Jason Mazzola as assistant vice president, senior field examiner. Based in Troy, MI, he will handle exams across the country.
Crestmark Bank promoted three employees: Josh Beauvais to VP, special assistant to chief credit officer; Heather Weir to assistant VP, learning and development; and Eric Ball to operations officer.
Crestmark Bank closed a $2 million asset-based loan for Evolution Energy.
Crestmark Bank promoted Mike Morandell to assistant vice president, business development officer for the East Division.
Crestmark Bank promoted five executives across several of its operations.
Crestmark Bank recently welcomed three new staff members and named David Menoian, sales analyst with the SBA Division, an officer of the company.