Industry Personnel And Company News

January 29, 2007

First Capital, a leading financial services firm, announced that Thomas "Tim" W. Strachan has joined the company as chief credit officer. Mr. Strachan will be a member of the First Capital executive management team.

Prior to joining First Capital, he founded T & B Connections, LLC, a continuation of MetSource Capital, LLC, of which he was co-founder, managing director and 20% owner. At both T&B Connections, LLC and MetSource Capital, LLC, he worked on advising clients in areas such as due diligence examinations for lending institutions, venture funds and private institutions, firms operating in bankruptcy and performing forensic accounting functions.

Mr. Strachan was previously served as executive vice president for BNY Financial Corporation, a wholly-owned subsidiary of the Bank of New York Company, Inc. and its successor Corporation, GMAC Commercial Credit. Prior to BNY, he served as senior vice president for North Fork Bank, where he was responsible for the development of the Asset Based Lending Unit for the Bank and head of the ABL Unit, including credit approval authority.

He has also served as vice president for Bankers Trust Company, where he was actively involved in "special situation" transactions including Leveraged Buyouts, DIP Financing, workouts and structuring prospective transactions.