News Column

BRIEF: Crestmark will acquire Bloomfield Hills-based TIP Capital

September 4, 2014

Detroit Free Press



Sept. 04--Business-to-business lender Crestmark will acquire Bloomfield Hills-based TIP Capital's equipment leasing and asset management business. The deal is to be completed in late September, pending government approval.

The resulting entity will be a wholly owned subsidiary of Troy-based Crestmark Bank and be named Crestmark Equipment Finance, Inc., a Crestmark Bank Co. The division will continue to operate under the TIP Capital name and out of its current locations.

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Source: Detroit Free Press (MI)


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