Company Release – 4/12/2017 4:01 PM ET

MOUNT LAUREL, N.J., April 12, 2017 (GLOBE NEWSWIRE) — Marlin Business Services Corp. (NASDAQ:MRLN) today announced that it has hired Timothy L. Bonagura, Michael K. Stanley and Matthew D. Manning, an experienced direct sales team that will focus exclusively on offering Marlin’s full suite of credit products and services directly to Marlin’s existing small business customers.

“Tim, Mike and Matt were hired as part of Marlin’s recent realignment of its origination resources into two teams focused on the company’s direct and indirect origination channels,” said Jeffrey A. Hilzinger, Marlin’s President and CEO. “This reorganization reflects the importance of not only our equipment dealers and other intermediaries but also our small business customers and it positions us to begin selling multiple products through a single salesforce into the direct channel.  It is also perfectly aligned with Marlin’s mission of helping small businesses fulfill their American dream.”

As part of the reorganization, Marlin also promoted Mark E. Scardigli to Senior Vice President and leader of the Indirect Team and Richard J. Henderson, Jr. to First Vice President and leader of the Franchise and Direct Teams.

“Marlin has over 300,000 lifetime small business customers and is originating thousands of new small business customers per month,” said Edward J. Siciliano, Marlin’s Chief Operating Officer. “I truly believe that this new structure under the leadership of Mark and Rick will create the alignment of resources and focus needed to support our small business customers as well as achieve our growth objectives.”