Crestmark Bank, now in its 20th year, has promoted Mike Morandell to assistant vice president, business development officer for the East Division. Morandell, recently based in Troy, Michigan, has relocated to Hermitage, Pennsylvania, and is responsible for business development in Western Pennsylvania, Western New York, Northeastern Ohio, and West Virginia. He reports to James Farrell, first vice president, East Division sales manager.

Morandell joined Crestmark in 2010 as a client analyst in operations, and was promoted to field examiner in 2011. In 2013, he was promoted to assistant vice president, senior field examiner. In early 2016, he started new business development training.

“Mike has been a great addition to the East Division,” said First Vice President James Farrell, East Division Sales Manager. “His background as a client analyst and a field examiner provides a great basis of education, and we look forward to his contributions to Crestmark’s growth in the East.”

Crestmark is an FDIC-insured bank that provides innovative financial solutions for businesses nationwide. Financing solutions include asset-based lending, accounts receivable financing, lines of credit, term loans, factoring, machinery/equipment financing and equipment leasing. Crestmark has extensive experience in helping many industries including transportation, manufacturing, staffing, petrochemical, government contractors, apparel/footwear/furniture distribution/manufacturing, hospitality/hotels, insurance agencies, and technology hardware/software. Headquartered in Michigan, with additional offices in California, Florida, Louisiana, Tennessee, New York, and Illinois; and representatives nationwide.