Company Release -10/13/2017 8:30 AM ET

MOUNT LAUREL, N.J., Oct. 13, 2017 (GLOBE NEWSWIRE) — Marlin Business Services Corp. (Nasdaq: MRLN), a leading provider of credit products and services to small businesses, announced that, effective today, Edward Siciliano, Executive Vice President & Chief Operating Officer, is stepping down from his role and will be leaving the company to pursue personal interests. Mr. Siciliano’s responsibilities will transition to members of the Company’s senior leadership team and Marlin does not intend to refill the position.

“I have thoroughly enjoyed the last 10 years at Marlin and it has been a privilege to serve as the Company’s Chief Operating Officer,” commented Mr. Siciliano. “I will always cherish my friendships and personal relationships at Marlin and I truly believe the Company has only scratched the surface of the tremendous opportunity that lies ahead. That said, I do feel the time has come for me to move on to the next phase of my career.”

Marlin also announced today the promotion of Mark Scardigli to the newly created position of Senior Vice President & Chief Sales Officer. Previously, Mr. Scardigli served as Senior Vice President and leader of Marlin’s indirect sales team.  In his new role, Mr. Scardigli will have responsibility for leading the Company’s overall origination activities. He will report to Jeffrey Hilzinger, Marlin’s President and Chief Executive Officer.

“Mark has assumed increasing levels of responsibility in recent years, and this promotion reflects his current leadership role within Marlin’s sales organization,” said Mr. Hilzinger. “I look forward to continuing to work with him to capitalize on the many exciting opportunities we see, particularly as we continue to execute the Marlin 2.0 strategy to take the company to the next level of growth and profitability.”

Mr. Hilzinger concluded, “At the same time, it is with mixed emotions that we say good-bye to Ed Siciliano. His track-record of success in each of the positions he has held at Marlin over the years is a testament to his talent and leadership abilities. I wish him all the best in his future endeavors.”