Crestmark announced the appointment of David Koran as vice president, business development officer for the East Division. Based in North Carolina, he will report to Senior Vice President, East Division Sales Manager James (Jim) Farrell.

Koran brings nearly 20 years of commercial finance experience to Crestmark. He most recently served as managing director of capital finance with International Risk Consultants (IRC), where he was responsible for new product development and managing strategic bank partnerships for IRC’s newly launched Capital Finance Division. Previous work history includes First Capital, where he was vice president, business development officer; and TAB Bank (formerly Stearns Financial Services), where he served as vice president. 

“David’s knowledge of asset-based lending products and his expertise in identifying businesses to help will be crucial as we continue to grow our support of midde-market businesses in the East Division,” said Farrell. “He is an important addition to our business development team, and we look forward to his contributions.” 

Koran earned a bachelor’s degree in industrial/organizational psychology from Bowling Green State University; and is a member of the Commercial Finance Association’s Charlotte Chapter, Turnaround Management Association, and Association for Corporate Growth.