June 8, 2009, Alpharetta, GA. - Presidential Financial announces the hiring of Christopher Smith as Vice President, Business Development Officer. Smith will be based in Charlotte, North Carolina, and is responsible for business development efforts on the eastern seaboard and in the southeastern United States. He will represent the company’s commercial and healthcare divisions.

Mr. Smith has over 15 years of experience in the financial industry and was most recently Vice President for Siemens Financial Services Healthcare Corporate Finance group. During his career, he has also held positions with GE Healthcare Financial Services, Bank of America’s Middle Markets Group, and First Union’s Capital Markets group. A graduate of the University of North Carolina at Chapel Hill, Smith also holds an MBA from the University of Michigan and a Master of Finance from East Carolina University.

“Presidential remains committed to building an incredible team of professionals, and Chris brings invaluable expertise and experience to our company. His presence on the east coast will allow us to continue our efforts in helping companies and healthcare providers achieve success. We are delighted to have him join the team,” said the company’s CEO, Tom Matthesen.

Presidential Financial Corporation specializes in asset-based credit lines for commercial businesses, secured by accounts receivable and inventory. The firm’s clients include service businesses, manufacturing companies, wholesalers and distributors, and technology companies, among others. Presidential’s Healthcare Division, Presidential Healthcare Credit, provides receivables-based facilities for healthcare providers. Headquartered in Atlanta and founded in 1981, the company serves clients nationwide. For more information, visit www.PresidentialFinancial.com.






Established in 1981, Presidential Financial is a national asset-based strategic lender that provides working capital lines-of-credit to growing companies. The firm offers customized and flexible financing solutions, including lines-of-credit from $200,000 to commercial companies and lines-of-credit from $500,000 to healthcare organizations. Headquartered in Atlanta, privately held Presidential serves the entire U.S. The company is primarily owned by institutional investors, including Harbert Management Corporation, and Presidential executives. For more information visit www.presidentialfinancial.com.