the cfa brief
leader of industrial markets, effective
immediately. Ray is based in Atlanta, GA
and serves on the Equipment Finance
Management Committee. He reports
directly to Mike Jones, managing director of CIT Equipment Finance.
“Harold’s two decades of experience
in winning and growing new vendor
programs in the industrial sector make
him ideal for this leadership position
as we further build on our capabilities,”
said Jones. “He is recognized in the
industry for his ability to build successful finance programs for manufacturers
and distributors, as well as work with C-level executives of enterprise accounts
to structure leases and loans to meet
Since 1996, Ray has held a series of
equipment finance sales positions at
CIT, serving middle- and small-market
commercial clients. Prior to that, Ray
was a senior credit analyst with Heller
Financial. Ray holds a Bachelor of Science degree in accounting from Saint
Peter’s College in New Jersey.
CIT Equipment Finance offers finance
programs designed specifically for
the unique needs of industrial, office
imaging, technology and healthcare
manufacturers, their distribution channels and end users.
Crestmark: Scott;Grady, president of
Crestmark Equipment Finance (CEF),
based in Bloomfield Hills, Michigan,
announced the addition of Arick;Levine
as first vice president, Eastern Division sales manager. In his new role,
Levine oversees a team of experienced
business development officers and is
responsible for growing CEF’s business
east of the Mississippi River. Based in
North Carolina, Levine reports to Grady.
Levine brings over 30 years’ experience in leasing and financing to
Crestmark, with many years spent in
supervisory and senior leadership roles.
He comes to Crestmark from Sun Trust
business lending. Hamilton worked in
various capacities with Comerica Bank
in credit and lending; most recently
as vice president and senior alternate
credit administration officer, where he
managed teams in private banking and
commercial lending. Hamilton earned a
bachelor’s degree in finance from Oak-
land University in Rochester, MI.
Kyle;Caraway was promoted to
officer, debtor credit analyst. Caraway
joined Crestmark in 2013 as a debtor
analyst, and in 2015 was promoted to
debtor credit analyst. Previously, he
held positions as a mortgage banker,
and as a bankruptcy counselor and
educator. Caraway is also certified
by the NFCC as a credit and housing
counselor, and is state-certified in debt
management planning. He earned a
bachelor’s of business administration
in finance and commercial law from
Western Michigan University. Based in
Troy, Caraway reports to vice president,
debtor credit manager Iain Michie.
Angela;Kitter has been promoted to
senior client analyst, operations officer.
Kitter joined Crestmark in 2009 as an
invoice analyst, and after eight months
in that role, she became a payment
analyst. In 2012, she was promoted to
month-end analyst and, in 2013, she
was again promoted to client analyst.
Previously, she worked at The State
Bank as a customer service representa-
tive and teller; and for VG’s Food Center
as the store’s primary bookkeeper.
Kitter attended Mott Community Col-
lege for business and finance; and she
participates in Crestmark’s community
outreach programs, including Habitat
for Humanity. Based in Troy, Kitter re-
ports to first vice president, operations
manager - client services Doug Kollman.
Caitlin;Purnell;has been promoted to
senior client analyst, operations officer.
Purnell joined Crestmark in 2012, right
out of college, as a payment analyst;
and was later promoted to debtor ana-
Equipment Finance & Leasing Corpora-
tion, where he was managing director
of corporate bank originations. There,
he was responsible for leading a team
of originators, as well as implementing
market strategies to grow and develop
the existing client base. Previous work
history includes positions at Oracle
Financing, where he was senior sales
director; Sun Microsystems Global Fi-
nancial Services, where he was sales di-
rector; and Sun Microsystems Finance,
where he was national sales manager.
Levine has a bachelor’s degree in eco-
nomics and political science from the
University of California, Santa Barbara.
to senior vice president and;Vince;Ham-
ilton was hired as vice president. Farrell
has been promoted to senior vice presi-
dent, Eastern Division sales manager
from first vice president, Eastern Divi-
sion sales manager. Farrell continues to
report to Ray Morandell, executive vice
president, national sales manager. He
splits his time out of Indianapolis and
the Troy, MI office.
Farrell joined Crestmark in August
2013 with an established asset-based
lending background at such institu-
tions as LaSalle Bank, Bank of America
Business Capital, Huntington Bank and
Crestmark. Farrell is a member of the
Turnaround Management Association,
where he is a past board member for
the Detroit Chapter, and a member of
Association for Corporate Growth. He
holds a bachelor’s degree in finance
from Michigan State University.
Hamilton has joined Crestmark as
vice president, account executive for
the Eastern Division. Hamilton reports
to Jeff Silverstein, senior vice president,
East Division portfolio manager. He
works out of the Troy office.
Hamilton joins Crestmark with more
than 20 years of commercial finance experience, and an extensive background
in credit administration and small-