Search company, investor...
Crestmark Bank company logo

Crestmark Bank

Founded Year



Acquired | Acquired



About Crestmark Bank

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

Headquarters Location

5480 Corporate Drive Suite 350

Troy, Michigan, 48098,

United States


Missing: Crestmark Bank's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: Crestmark Bank's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Latest Crestmark Bank News

Singing Machine Pays Off Revolving Loan With Crestmark Bank

Jan 13, 2021

Singing Machine Pays Off Revolving Loan With Crestmark Bank Fort Lauderdale, FL, Jan. 13, 2021 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. Author: Jan 13, 2021 9:53 AM EST Fort Lauderdale, FL, Jan. 13, 2021 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine" or the "Company") (OTCQX: SMDM) today announced that the Company fully paid down the balance of its revolving line of credit with Crestmark, a division of Meta Bank, NA ("Crestmark"). During its peak season, the Company borrowed approximately $6,200,000 from its line of credit with Crestmark. Lionel Marquis, Company CFO commented, "We are pleased to be able to pay down our revolving line of credit with Crestmark so quickly after the conclusion of our holiday season. This year we relied less on our line of credit due to utilizing some alternative quick pay financing options that were available. Additionally, strong demand at the beginning of the year enabled us to liquidate slow-moving inventory which bolstered our cash flow position." About The Singing Machine Based in the US, Singing Machine ® is the North American leader in consumer karaoke products. The first to provide karaoke systems for home entertainment in the United States, the Company sells its products world-wide through major mass merchandisers and on-line retailers. We offer the industry's widest line of at-home karaoke entertainment products, which allow consumers to find a machine that suits their needs and skill level. As the most recognized brand in karaoke, Singing Machine products incorporate the latest technology for singing practice, music listening, entertainment and social sharing. The Singing Machine provides consumers the best warranties in the industry and access to over 13,000 songs for streaming and download. Singing Machine products are sold through most major retailers in North America and also internationally. See for more details. Forward-Looking Statements This press release contains forward‑looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward‑looking statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management and include, but are not limited to statements about our financial statements for the fiscal year ended March 31, 2020. You should review our risk factors in our SEC filings which are incorporated herein by reference. Such forward‑looking statements speak only as of the date on which they are made and the company does not undertake any obligation to update any forward‑looking statement to reflect events or circumstances after the date of this release. By

Crestmark Bank Frequently Asked Questions (FAQ)

  • When was Crestmark Bank founded?

    Crestmark Bank was founded in 1996.

  • Where is Crestmark Bank's headquarters?

    Crestmark Bank's headquarters is located at 5480 Corporate Drive, Troy.

  • What is Crestmark Bank's latest funding round?

    Crestmark Bank's latest funding round is Acquired.

  • Who are the investors of Crestmark Bank?

    Investors of Crestmark Bank include Meta Financial Group.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.