Daily News: March 12, 2012

First Capital Hires Lehrter in Midwest Region

First Capital announced the hiring of Richard J. Lehrter in the Midwest region. Lehrter will be responsible for new business development for both asset-based lending and factoring facilities in the Oklahoma, Kansas, Nebraska, Missouri and Michigan markets for First Capital’s Midwest region.

Lehrter has over 30 years experience in the commercial banking industry with extensive experience in business development and origination growth, commercial and corporate banking, and portfolio management. Most recently, Lehrter was senior vice president and manager of Regional Banking with The F&M Bank & Trust Company of Tulsa, OK. Other previous positions include president of Commerce Bank (Kansas City, MO) for the Oklahoma region, executive vice president for Fifth Third Bank (Cleveland, OH), and various positions for UMB Bank (Kansas City, MO) including president of UMB Bank Tulsa, director of UMB Oklahoma region, and other executive vice president and senior vice president positions.

“I am extremely pleased to have Rick join the Midwest team,” said John Curtis, EVP and Midwest regional manager. “Rick’s extensive lending and banking experience in the Midwest will allow us to continue to expand our presence in the market.”

Lehrter is a graduate of Michigan State University, University of Central Oklahoma (MBA), Stonier Graduate School of Banking, and The Detroit College of Law.

First Capital provides working capital financing from $2 million to $20 million primarily to small and middle-market business owners with annual sales ranging from $10 million to $250 million.