FOR IMMEDIATE RELEASE

RENE J. PARRA JOINS FIRST CAPITAL AS VICE PRESIDENT

HOUSTON and OKLAHOMA CITY, May 12, 2010 – First Capital, a leading commercial finance company specializing in asset-based lending and factoring, today announced the hiring of Rene J. Parra as Vice President. Mr. Parra will primarily be responsible for marketing and business development in the Houston, South Texas and Louisiana markets for First Capital’s Midwest Region.

Mr. Parra has been in the Houston market for eight years, most recently as Vice President of Business Development for Frost Capital Group. Prior to working for Frost, Mr. Parra opened the Houston office for First Community Financial Corporation where he led their marketing and business development.

“I am extremely pleased to have Rene join the Midwest Team,” said John Curtis, Executive Vice President and Midwest Regional Manager. “His experience and contacts in the south Texas market coupled with the lending products and services First Capital has to offer the market, will only enhance our success in Texas.”

“I am excited to be joining such a reputable and professional organization. Their success and growth over the last few years is very exciting. I am looking forward to working with my constituents to further develop First Capital’s presence in the south Texas market. This is a great opportunity to further my career and I look forward to being part of the First Capital team.”

Mr. Parra is a graduate of the University of Houston where he earned a BBA in Marketing. He is currently involved in the Turnaround Management Association, ACG Houston, and Galleria Chamber Associations. Mr. Parra is fluent in both English and Spanish.

 

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About First Capital

First Capital (www.FirstCapital.com) is a leading commercial finance company providing Asset Based Lending and Factoring to the owners of small and mid-sized companies. These working capital loans are primarily secured by receivables and inventory. With assets just under $1 billion, First Capital is one of the largest independent and fastest-growing commercial finance companies in the United States. It differentiates itself from larger finance company and bank competitors through certainty of timely funding. First Capital believes that its ability to provide exceptional service, the quality of its professionals and its efficient delivery structure make it a preferred lender to its clients and a preferred borrower to its lenders. Headquartered in Boca Raton, FL, the firm has full-service offices in New York, Los Angeles, Atlanta and Oklahoma City as well as a processing center in Manila.

Linden Alschuler & Kaplan
Suzanne Dawson
212-329-1420
sdawson@lakpr.com