Magnolia Financial promoted Marc Smith to president, added Chris Wilkins as vice president of Finance and named Jessica O’Bryant operations manager.

Smith joined Magnolia Financial in 2004 as a business development officer covering the southeast. He was promoted to senior vice president in 2012 where he was responsible for all of Magnolia’s new business development. As president, Marc will continue to oversee business development but his role will expand to include Portfolio Management and Operations. He will also be responsible for leading the strategic direction of Magnolia.

Gerald Smith, chief executive officer of Magnolia, said, “Marc has been an integral part of our team over the last 12 years and he is well suited to lead Magnolia as we continue to be an industry leader in providing accessible cash flow solutions to small business.”

Wilkins comes to Magnolia with almost 10 years of prior Commercial Finance experience and eight years as a CFO for small businesses. Wilkins will oversee all internal finance and accounting for Magnolia as VP of finance. His diverse history will be an invaluable asset in performing Portfolio Management.

“Chris brings both lending and small business expertise to the table,” said Gerald Smith. “We believe the diverse backgrounds of our team are essential to our success in building relationships with our clients, and Chris fits right in.”

O’Bryant began her career with Magnolia in 2005 as a staff accountant. She was quickly promoted to senior account executive and most recently acted as Magnolia’s compliance manager. As a member of Magnolia’s Management Team, she will oversee all of Magnolia’s Underwriting, Risk Management and Compliance efforts.

“Jessica is an invaluable member of the Magnolia team,” said Gerald Smith. “Her attention to detail and customer-focused approach will be a beneficial addition to our senior leadership.”

Spartanburg, SC-based Magnolia Financial provides working capital lines of credit to small business throughout the Southeastern U.S.