Crestmark Launches New Financing Groups, Taps Tomasello & Heath to Lead

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.

“I’ve looked forward to making this change for years,” said Mick Goik, Crestmark president. “It will bring a national footprint for two distinct product lines. I believe it will create significant efficiencies and will allow us to better serve our client base.”

Steven Tomasello leads the Business Credit group, and Heath Holdbrooks leads the Commercial Capital group.

Tomasello has led Crestmark’s East division for more than 10 years, and Holdbrooks has led Crestmark’s Transportation division for over five years. Under their leadership, both divisions have experienced significant growth.

“With the launch of this new group, we’re broadening our focus in the ABL space,” said Tomasello. “This is an exciting change and I am glad to lead this professional team.”

“My focus at Crestmark has been to increase market share and brand awareness primarily in the transportation industry, and our team has been extremely successful in growing that segment of the business,” said Holdbrooks. “The opportunity to now lead this larger, talented group for Crestmark across all industries is something that I look forward to.”