Crestmark announced the addition of Bruce Pavesich as regional first vice president, business development officer. He reports through Ray Morandell, national sales director, and will work as a part of Crestmark’s growing East Division. He is located in the greater Baltimore, Maryland area and covers the Mid Atlantic, Northeast, Pennsylvania, New Jersey, and New York markets.

Pavesich is an experienced asset-based lending and factoring professional with over 30 years of diverse industry experience. He joins Crestmark from Keltic Financial, having spent the last four years as vice president and regional manager. Prior to Keltic, he worked with diverse companies including Textron Financial, Wells Fargo Capital, Ravenhurst Capital, Reservoir Capital, and First National Bank of Maryland. Pavesich is active in many financial organizations, and has a BS, Finance from Virginia Tech.

“We are glad to have Bruce join the Crestmark family,” said Ray Morandell. “Crestmark has seen a dramatic increase in market presence nationally over the past few years. By adding an experienced and motivated professional like Bruce, we will be well-positioned to further expand our ability to help businesses throughout the Mid-Atlantic, and become a premier lending provider in this market.”

Crestmark is a nationally known FDIC-insured bank that provides innovative financial solutions for small- to medium-sized businesses.  Financing solutions include asset-based lending, accounts receivable financing, lines of credit, factoring, and equipment financing.