FIRST CAPITAL COMPLETES SALES OF BUSINESSES

NEW YORK, NY, May 18, 2015 – First Capital, a commercial finance company with a national presence, announced that it has completed the sale of its three product businesses to separate buyers.  Traditional factoring was sold to Sterling Bancorp (NYSE: STL) on May 7, 2015; Recourse Factoring was sold to Seacoast National Bank (NASDAQ: SBCF) on May 8, 2015; and Asset Based Lending was sold to Ares Commercial Finance LP, a fund managed by the commercial finance platform of Ares Management, L.P. (NYSE: ARES) on May 18, 2015.  Values of the individual transactions were not disclosed by First Capital, a privately held corporation.