Daily News: September 18, 2012

First Capital Promotes Stein to Chief Financial Officer

First Capital announced that Glen Stein has become its chief financial officer. Stein had been the chief capital markets officer for First Capital since 2010.

Stein has over 20 years experience in commercial lending, structured finance and capital markets. Stein began his career on Wall Street, first as a lawyer at Pillsbury Winthrop, then as an investment banker in the asset-backed securities division of Prudential Securities. He has also served as chief financial officer of eNeighborhoods and as general manager of Ocwen Federal Bank’s commercial finance division.

“Glen has been remarkably effective in leading our funding program during a challenging environment,” said Lee Wilson, chairman and CEO of First Capital. “He has the financial expertise, integrity and judgment to help First Capital continue to build its business.”

“I welcome this expanded role and the opportunity to work with such a strong management team,” said Stein. “First Capital is well positioned for growth with great people and plenty of dry powder.”

Stein received his B.A. from Amherst College and his J.D. from Columbia Law School. He is a board member of Duvera Financial, a consumer finance and billing company and also serves on the constituency board of the Florida Atlantic University Center for Autism and Related Disabilities.

First Capital provides working capital lines typically ranging from $2 million to $25 million primarily to small and middle-market entrepreneurs with annual sales ranging from $10 million to $250 million.