LOS ANGELES, Cal. and WEST PALM BEACH, Fla., February 20, 2008 -- First Capital, a leading financial services firm, announced today that Ronald ("Ron") Garber has joined the company as Senior Vice President and Portfolio Manager.
Mr. Garber will be overseeing all aspects of the factoring operations for First Capital's Western Region located in Los Angeles, California. Mr. Garber was previously Senior Vice President and Team Leader of CIT Commercial Services. He has more than 35 years of experience in the financing industry. Before joining CIT, Mr. Garber was Executive Vice President and Western Regional manager at HSBC Business Credit. Prior to that, he held significant leadership roles with other factors, including Republic Factors, Meinhard Commercial, Associates Commercial Corp., and Manufactures Hanover Commercial Corp.
Mr. Garber studied accounting at Pace College in New York and received an Executive Award in Credit and Financial Management from Stanford University. Mr. Garber is a Director and President of the Commercial Finance Conference of California (CFCC), a member of the Textile Professionals Club, and the Commercial Finance Association.
Mark Sunshine, President of First Capital, stated, "I am extremely pleased that Ron has chosen First Capital. He brings an enormous amount of experience and intelligence to our extraordinary team in Los Angeles. Ron's leadership in the factoring industry will help take First Capital's Western Region to the next level and beyond. We welcome Ron as one of the newest members of the First Capital team."
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 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 West Palm Beach, Florida, the firm has six full-service offices in major cities including New York, Los Angeles, Ft. Lauderdale, Oklahoma City and Atlanta and a subsidiary that is headquartered in Hong Kong.