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.
Crestmark appointed IT expert Howard Brown senior vice president and chief technology officer. Brown will be based at the company’s corporate offices in Troy, MI and report to President and COO Mick Goik.
Crestmark promoted James G. Farrell to senior vice president Eastern Division sales manager. The company also hired Vince Hamilton as vice president, account executive for the Eastern Division.
Crestmark promoted Ray Morandell to executive vice president, national sales director. Morandell worked for GE Capital and Textron Financial before joining Crestmark in 2008.
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.