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.

About Marlin Business Services Corp.
Marlin Business Services Corp. is a nationwide provider of credit products and services to small businesses with a mission of helping small businesses fulfill their American dream. Our products and services are offered directly to small businesses and through financing programs with equipment manufacturers, distributors, dealers and other intermediaries. Marlin and its wholly-owned operating subsidiary, Marlin Business Bank, are publicly traded (NASDAQ:MRLN). For more information about Marlin, visit www.marlinfinance.com or call toll free at (888) 479-9111.