WACO, Texas, Oct. 31, 2008 (GLOBE NEWSWIRE) -- In conjunction with FirstCity Financial Corporation's (NasdaqGS:FCFC - News) third quarter 2008 earnings release before market open on November 10, 2008, the company invites you to participate in its quarterly conference call on Monday, November 10, 2008 at 9:00 a.m. Central Time.

During the call, FirstCity management will discuss Third Quarter 2008 results. A question and answer session will follow the prepared remarks.

 Event:        FirstCity Financial Corporation Third Quarter 2008
               Conference Call

 Date:         Monday, November 10, 2008

 Time:         9:00 a.m. Central Time

 Host:         James T. Sartain, FirstCity's President and Chief
               Executive Officer

 Web Access:   FirstCity's web page -- http://www.fcfc.com/invest.htm or,

               CCBN's Investor websites -- http://www.streetevents.com and,

                                           http://www.earnings.com

 Dial In     Domestic       866-713-8565
 Access:     International  617-597-5324

             Pass code      59236678

FirstCity Financial is a diversified financial services company with operations dedicated to portfolio asset acquisition and resolution. The company has offices throughout the U.S., with affiliate organizations in Europe and Latin America. Its common stock is listed on the NASDAQ Global Select Market System under the symbol ``FCFC.''

The FirstCity Financial Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4413

          FirstCity Financial Corporation 
          Suzy W. Taylor
          866-652-1810