Crestmark Executive Vice President and National Sales Manager Ray Morandell announced the promotion of Steve Hansen to senior vice president, Western Division sales manager from first vice president. Hansen, who reports to Morandell, is based in Houston, and works closely with Western Division President Pat Haney.

Since his promotion to Western Division Sales Manager in 2016, Hansen has consistently demonstrated strong leadership in the development of new business in the Western region and has expanded Crestmark’s client base through his extensive product knowledge and his commitment to meet each client’s unique objectives, officials said. A 30-year veteran in the finance industry, he continues to grow and strengthen Crestmark’s presence in California and along the Pacific coastline.

Hansen joined Crestmark in 2009 as vice president, business development officer, and has been part of the Baton Rouge, Louisiana/South Region in Crestmark’s Western Division. Before coming to Crestmark, Hansen was vice president for Summit Financial Resources. Earlier, he was vice president, business development officer for Transaction Based Services.

“Steve has been a key to our development in the West. His ability to identify talent, and his focus on coaching and building an improved new business development foundation, has already started to show positive results. This promotion is in recognition of that,” Morandell said. “Steve brings a strong grasp of Crestmark’s financial products and how they can help businesses, a deep commitment to helping clients, and solid leadership skills. Steve and his talented team of BDOs will work together to continue to build on our success in the West.”

Hansen has a bachelor of arts in finance from Oklahoma State University and a master’s degree in accountancy from the University of Oklahoma. He is a member of the Commercial Finance Association, The Commercial Bankers Group, and the CPA & Business Professional Group, among others.