Presidential Financial Corporation (PFC) announced that Kevin Pearce has joined its team as a business development officer in Phoenix, Arizona. In his new role, Pearce will be responsible for originating, structuring, and funding asset-based financing solutions with commitment amounts up to $30,000,000 for middle-market businesses in the southwestern United States.
Pearce brings significant experience to PFC, including commercial portfolio management, portfolio review, workouts, and business development in the asset-based lending space. He comes to PFC from Opus Bank, Western Alliance Bank, and prior to that, Wells Fargo Capital Finance, for each of which Pearce covered the southwestern states in a variety of business development and commercial lending disciplines, including asset-based.
Pearce earned a Bachelor of Science degree in finance from Western Kentucky University where he was a student-athlete in baseball. Later Pearce earned designations as a Certified Management Accountant and a Certified Financial Manager from the Institute of Management Accountants. He is a past board member of the Association for Corporate Growth – Arizona Chapter, and an active member of the Turnaround Management Association.
Headquartered in Atlanta, Georgia, Presidential Financial Corporation provides flexible and customized financing to privately held and sponsor-backed middle-market businesses nationwide. PFC combines the best of asset-based lending with diverse product offerings and a strong commitment to the growth and capital needs of middle-market businesses. PFC provides working capital and term loan facilities for acquisitions, recapitalizations, working capital needs, and turnaround situations. In addition to its Atlanta headquarters, PFC also has locations in Chicago, Cleveland and Phoenix.
PFC is owned by MidFirst Bank, one of the nation’s largest privately held banks with approximately $13 billion in assets. This unique structure gives PFC the flexibility of a finance company with the financial backing and stability of a bank.