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Presidential Financial Corporation Hires New President

ATLANTA - Presidential Financial Corporation  announced Dennis Schlesner as its new president today. Schlesner will join Presidential Financial on May 5 at its corporate office in Atlanta, Georgia. Presidential has been led by Tom Matthesen, who will remain on the Presidential Financial Corporation board of directors.

Schlesner brings more than 35 years of financial industry experience to the Presidential team. His resume includes executive leadership in development and portfolio management of asset based lending throughout the United States, serving manufacturing, distribution, wholesale, retail and other industries.

Schlesner stated, "Presidential Financial has a rich history of providing financing solutions to the markets it serves. I look forward to the joining this talented team as we work to deliver exceptional service to our prospects and customers in the future."

Presidential Financial will benefit from Schlesner's experience working with companies seeking liquidity and flexibility to support growth, acquisition or economic recovery. Randy Roper, Presidential's lead director added, "We are pleased to have Dennis lead our company and also retain Tom's valued expertise on the board. Tom has exhibited extraordinary leadership over his years at the helm, and we congratulate him on the organization's success." Matthesen commented, "I am excited Dennis is joining Presidential to lead the great team we have in place."

Established in 1981, Presidential Financial provides customized and flexible financing solutions to growing businesses nationwide. Presidential combines the best of asset based lending with diverse product offerings and a strong commitment to the growth capital needs of the entrepreneur. As one of the strongest and most versatile lenders in the markets it serves, Presidential Financial focuses on growing businesses with strong management teams.

Presidential Financial is owned by MidFirst Bank, one of the nation's largest privately held banks. MidFirst is headquartered in Oklahoma City and serves more than 600,000 customers nationwide.