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FIRST CAPITAL PROMOTES MATT BEGLEY TO
EXECUTIVE VICE PRESIDENT

LOS ANGELES, Cal. and BOCA RATON, Fla., February 19, 2009 – First Capital, a leading financial services firm, announced today that Matthew R. Begley has been promoted to Executive Vice President in the Los Angeles, California office. 

Mr. Begley is mainly responsible for the day-to-day management of First Capital's interest in Siemens First Capital Commercial Finance, LLC, a joint venture between Siemens Financial Services and First Capital.

Before his most recent position, Mr. Begley was the Chief Operating Officer of First Capital’s Asia division which broke new ground for expanding First Capital’s business operations in Asia.  Previously, he was the asset-based lending manager and factoring portfolio manager for First Capital's Western Region. His responsibilities included overseeing all aspects of commercial finance facilities in excess of $250,000,000.

Mr. Begley's employment history includes senior positions at Capital Factors and Transamerica Business Credit. Mr. Begley has experience in international trade finance, asset-based lending, factoring, equipment finance, and several types of warrant-backed debt products. Mr. Begley has a BA in Political Science from Cal Poly San Luis Obispo and an MBA from Pepperdine University.

“Matt is a very bright and motivated individual and has worked very hard and contributed much to First Capital,” said John W. Kiefer, Chief Executive Officer of First Capital.

Mr. Begley started his finance career as an intern working under the guidance and direction of James L. Morrison, now Executive Vice President and President of First Capital’s Financial Services Division. Mr. Morrison added, “I’ve seen Matt grow professionally over the years into the strong leader he is today and his promotion is well-deserved.”    

About First Capital

First Capital (www.FirstCapital.com) is a leading commercial financial services firm providing prompt, professional and reliable working capital solutions and outsourcing, primarily for middle-market companies and institutions.  With well over $1 billion in total committed lines, First Capital is one of the largest independent and fastest-growing commercial finance companies in the United States.  The firm focuses on asset-based lending, accounts receivable management, credit protection, international supply chain financing and servicing for clients in North America and Asia.  The firm also manages asset portfolios for clients and is an active issuer of receivables-backed securities.  Combining a unique blend of traditional and progressive banking methods, First Capital provides clients with customized support needed to grow and maintain their business.  Based out of Boca Raton, Florida, the firm has full-service offices in major cities including New York, Los Angeles, Atlanta and Oklahoma City as well as Asian subsidiaries in Hong Kong and Manila. 

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