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.
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 recently welcomed three new staff members and named David Menoian, sales analyst with the SBA Division, an officer of the company.