Daily News: December 4, 2012

First Capital Promotes Garfalo to SVP, Factoring Credit Officer

First Capital announced that Rob Garfalo has been promoted to senior vice president/factoring credit officer. Garfalo will operate out of the First Capital headquarters located in New York City where he most recently served as portfolio manager for the Northeast region.

Garfalo brings over 30 years of Credit and Portfolio Management experience to his new position. Prior to First Capital, Garfalo worked for JBDM Jewelry as chief operating officer/chief financial officer. Before that, Garfalo had worked at First Capital as senior vice president and chief credit officer managing the West Coast Factoring Operations.

Other prior positions include Western Region portfolio manager with Capital Factors and various credit manager positions with Nat West Financial Service, Commercial Credit Financial Service and Chase Financial Services.

“I am thrilled that Rob will be taking on the factoring credit officer role. His deep knowledge of factoring, along with his portfolio management and industry expertise, is perfect for this position,” said Gerard Hanabergh, EVP.

Kevin McGarry, executive vice president and National Factoring Division manager, adds, “Rob’s experience in the Factoring Division at First Capital will make this a smooth transition and I look forward to working closely with him in his new role.”