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May 26, 2015 4:15 AM ET

Capital Markets

Company Overview of FirstCity Financial Corp.

Company Overview

FirstCity Financial Corporation operates as a multi-national specialty financial services company. The company operates in two segments, Portfolio Asset Acquisition and Resolution, and Special Situations Platform. The Portfolio Asset Acquisition and Resolution segment acquires and resolves portfolios of under-performing and non-performing loans, performing loans, and other assets, which are generally acquired at a discount to their legal principal balance or appraised value; services, manages, resolves, or disposes various portfolio assets acquired by the company, its acquisition partnerships, or other related entities. The Special Situations Platform business segment provides investment cap...

6400 Imperial Drive

Waco, TX 76712

United States

Founded in 1950

286 Employees

Phone:

254-761-2800

Key Executives for FirstCity Financial Corp.

Chief Executive Officer, President and Director
Age: 51
Chief Operating Officer, Executive Vice President and Director
Age: 57
Chief Credit Officer, Executive Vice President and Director
Age: 57
Senior Vice President and Secretary
Senior Vice President, Assistant Treasurer and Assistant Secretary
Compensation as of Fiscal Year 2014.

FirstCity Financial Corp. Key Developments

FirstCity Financial Corp. Announces Executive Changes

Certain funds managed by Värde Partners Inc. have completed the acquisition of FirstCity Financial Corp. Under the terms of the transaction, Mark Horrell, who previously served as senior vice president and head of U.S. acquisitions of FirstCity, was appointed CEO of FirstCity, succeeding James Sartain. Sartain will retire and join Värde as a consultant. Terry DeWitt, senior vice president and head of global acquisitions of FirstCity, and James Holmes, senior vice president and managing director of FirstCity, will become chief credit officer and COO, respectively. FirstCity will retain its headquarters in Waco, Texas, and will maintain its office in Dallas.

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