Crestmark announced two promotions in its West Division, which includes the California and Louisiana offices. Jarrad W. LaCroix was promoted to underwriter and officer and Carlos Vargas was promoted to account executive and first vice president.

“These professionals bring experience and insight to clients in our West Division and they position us for continued growth,” said Pat Haney, Crestmark executive vice president and West Division president. “We are pleased to expand their roles to more fully serve our team.”

Based in Los Angeles, Vargas will report to Julie Halbert, senior vice president, Western Division portfolio manager. Vargas joined Crestmark in 2015, with more than 20 years of banking experience including: vice president, account executive for First Capital; vice president, senior underwriter for First California Bank; vice president, portfolio banker for Community Bank; vice president for California General Bank; vice president, relationship manager for Americas United Bank; vice president for Alliance Bank and assistant vice president, account executive for FINOVA Capital.

Based in Baton Rouge, LA, LaCroix will report to Jerry Friedrichs III, vice president, West Division underwriting manager. He joined Crestmark in 2017, and previously worked as a field examiner for Capital One.