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Shapiro Joins Crestmark as Regional VP, BDO for Southern California

April 27, 2016, 07:56 AM

Crestmark welcomes Scott Shapiro, regional first vice president, business development officer, for the West Division. Shapiro, who is based in Crestmark’s Los Angeles office, reports to Ray Morandell, senior vice president, national sales manager. Shapiro is responsible for helping businesses in Southern California obtain financing.

Shapiro comes to Crestmark from Houston-based Briar Capital where he was senior vice president, business development officer for the Los Angeles, California market. Previously he was vice president, business development officer in the Los Angeles, California market for Phoenix-based First Community Financial. Shapiro, who knows the Southern California market, is experienced in securing working capital for companies that have annual revenue between $1 million and $100 million.

Shapiro started his career in the communications industry as a news anchor, reporter and producer for TV stations in Idaho and Washington State. He spent two years as a business reporter for Regional News Network before making a career transition to banking and finance.

Morandell said, “Crestmark has an ongoing commitment to providing capital solutions nationwide, and the Western United States represents an area of continued opportunity. To facilitate growth and a strong connection with our clients, we opened a full-service office in Los Angeles in 2014, and have built the appropriate team to support our plans in the Western United States and Canada. Scott has great experience working with businesses in Southern California, and we are excited to have him on the team that is helping us expand in the West.”

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.

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