TROY, Mich., (August 23, 2017) — With 64 percent growth over the last three years, Crestmark Bank was named among the fastest-growing private companies in the U.S., according to the 2017 Inc. 5000 list, published by Inc. magazine. For its fourth appearance on the annual list, Crestmark ranked 47 among the fastest-growing companies in Metro Detroit, 83 in Michigan, 219 in the financial industry category, and 4,168 nationally. One in ten ranked companies have received the recognition over three times, signifying Crestmark’s sustainability as a four-time participant.
The annual list recognizes entrepreneurial success and industry leaders. Founded as a non-traditional commercial bank serving small-businesses, Crestmark is proud that it was created both by entrepreneurs and for entrepreneurs.
“As a respected and innovative financial institution since 1996, we have been able to creatively fund and support businesses that other banks can’t help. With expertise in niche markets and products, Crestmark serves the specialized needs of small- to medium-sized businesses owners. We help boost the viability of our clients, and we are proud to enhance economic growth in the regions and industries we serve,” said Crestmark Chairman and CEO W. David Tull. “This record of success is great news for not only for Crestmark, but also for the business climate in our country.”
Crestmark was recognized on the list in 2013, 2015 and 2016. Last year, Crestmark achieved 52 percent growth and was ranked 58 in Metro Detroit, 107 in Michigan, 239 in the financial industry category, and 4,638 nationally.
“While growth is important, we are most concerned with sustainable progress,” Tull said. “Our clients need us to be consistent and stable in order to help.”
About Inc. and the Inc. 5000
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation’s most successful private companies has become the hallmark of entrepreneurial success. The top 500 companies on the list are featured in Inc.’s September issue.
The 2017 Inc. 5000 list measures revenue growth from 2013 to 2016. To qualify, companies must have been founded and generating revenue by March 31, 2013. They had to be U.S.-based, privately held, for profit, and independent — not subsidiaries or divisions of other companies. The minimum required revenue for 2013 is $100,000; the minimum for 2016 is $2 million.