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CELTIC BANK NAMES MICHAEL FOSMARK AS THE PRESIDENT OF CELTIC BANK LEASING & EQUIPMENT FINANCE GROUP

CELTIC BANK NAMES MICHAEL FOSMARK AS THE PRESIDENT OF CELTIC BANK LEASING & EQUIPMENT FINANCE GROUP

SALT LAKE CITY (October 1, 2015) — Celtic Bank is pleased to announce that Michael Fosmark has joined the organization as President of the newly established Celtic Bank Leasing & Equipment Finance Group. Michael will be based in Salt Lake City, Utah.

Michael joins Celtic Bank with over 30 years of experience in banking and over 12 years of experience as the President of Continental Bank, a Utah commercial bank specializing in leasing and equipment finance. “I have known Reese for quite some time and have been impressed with the organization that has been built through his leadership,” said Michael. The Bank is open to new ideas and the credit culture is a good fit for a leasing product. The synergy at the Bank supports an alternative line of business.”

“We are very fortunate to have Michael join our organization,” said Reese Howell Jr., CEO of Celtic Bank. “Michael is a well-respected leader with extensive experience helping business owners obtain the financing they need to grow their business. As we enter this new chapter, I am confident in Michael’s ability to deliver new funding options to small business owners across the country.”

Michael holds a Bachelor’s degree in Organizational Communications from Utah State University where he was a scholarship football player and team captain. Michael is also a graduate of the Pacific Coast Banking School.

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