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FirstCity Financial is all about loans. Operating through subsidiaries, the company buys, manages, and sells portfolios of loans and other assets. FirstCity Financial mostly purchases nonperforming loans from banks, credit unions, and other financial institutions at a discount to their face value; its portfolio is worth some $10 billion. The company services all the loans it acquires. FirstCity Financial has an acquisition partnership with Cargill Financial, a unit of agricultural giant Cargill, to purchase distressed assets. In 2007, the company with Crestone Capital established the FirstCity Crestone platform which invests in special investments including restructurings, turnarounds, and executive buyouts.
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Address: |
6400 Imperial Dr.
Waco, TX 76712
| | Phone: | 254-761-2800 | | Fax: | |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2007): | 43.70 M | | Revenue Growth (1 yr): | 53.80% |
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Key People
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Chairman:
Richard E. Bean
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President, CEO, and Director:
James T. Sartain
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SVP and CFO:
J. Bryan Baker
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