Crestmark announced it acquired TIP Capital’s equipment leasing and asset management business. The wholly owned subsidiary of Crestmark Bank is named Crestmark Equipment Finance, Inc., a Crestmark Bank Company; however during a transition period, the division will continue to operate under the TIP Capital name and out of its current locations to ensure continued strong service quality.
“We are glad to welcome the TIP family into the Crestmark family,” said W. David Tull, chairman and CEO of Crestmark. “Together we will be able to offer more to all of our stakeholders,” said Tull.
Crestmark is an FDIC-insured bank that provides financial solutions for small- to medium-sized businesses including asset-based lending, accounts receivable financing, lines of credit, factoring and machinery equipment financing.
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