Harbert Completes Presidential Financial Sale to MidFirst Bank
March 07, 2013
Harbert Management has sold portfolio company Presidential Financial to MidFirst Bank. Based in Alpharetta, GA, Presidential is a senior lender that provides growth capital to businesses and healthcare providers throughout the United States. The company will operate as a subsidiary of MidFirst Bank and maintain its own brand and management team. Harbert invested in Presidential in 2004 through its Harbert Private Equity Fund II.