TIP Capital, a Crestmark Bank Company, announces the hire of industry veteran John Crockett as managing director, credit and underwriting for its nationwide equipment leasing operations.

In this role, Crockett will develop credit policies and procedures to meet the needs of TIP Capital’s commercial equipment leasing customers, and manage risk in the credit and underwriting group.

“With more than 30 years of experience in the equipment finance industry, John’s background provides additional credit and collections experience to diversify and grow our operations team,” said Tom Rutherford, chief operating officer of TIP Capital. “He will align TIP Capital’s credit and underwriting efforts with those of Crestmark Bank to ensure we appropriately evaluate, monitor, and manage the risk in our division’s portfolio.”

During the last 10 years, Crockett managed the credit and collections departments at Macquarie Equipment Finance where he last served as head of North American Operations. During his career, Crockett has held management positions in credit, collections and operations for Dana Commercial Credit, Heller Financial (acquired by GE Capital in 2001), and CIT Systems Leasing (acquired by the Macquarie Group in 2008).

Crockett earned a bachelor’s degree in business administration from Central Michigan University and a master’s degree in management from Walsh College.

About TIP Capital, a Crestmark Bank Company Established in 1999, TIP Capital develops flexible vendor-neutral, equipment lease financing solutions for its end user customers and vendor partnerships throughout North America. TIP Capital was acquired by Crestmark Bank in October 2014, and serves as its dedicated equipment leasing division. Crestmark is a nationally known and respected FDIC-insured bank that provides innovative financial solutions for small- to medium-sized businesses. To learn more about TIP Capital, please visit www.tipcapital.com. To learn more about Crestmark, please visit www.crestmark.com.