First Capital, Inc. and First Harrison Bank Announce Appointment of Board of Directors
July 17, 2018 at 04:10 pm EDT
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On July 16, 2018 the Board of Directors of First Capital, Inc. voted to increase the size of the board from ten directors to twelve directors, effective immediately. In connection with this increase in the size of the board, Class 3 of the board, whose directors’ terms will expire in 2020, will be increased from two to four directors. The size of Class 1 of the Board, whose directors’ terms expire in 2021, and Class 2, whose directors’ terms expire in 2019, will be unaffected. Also on July 16, 2018, the board has elected Lou Ann Moore and Rob Guilfoyle to fill the vacancies created by the increase in the size of the Board, effective immediately, to serve until the next election of the directors of Class 3 and until their respective successors have been elected and qualified, or their earlier resignation, removal, or death. Ms. Moore and Mr. Guilfoyle will also serve as directors of the First Harrison Bank. Ms. Moore is currently the owner of and a real estate broker for Century 21 Advantage Plus in Shepherdsville, Kentucky. Mr. Guilfoyle is the founder and Chief Executive Officer of Abe AI, Inc.
First Capital, Inc. is the holding company for First Harrison Bank (the Bank). The Bank is a chartered commercial bank, which provides a variety of banking services to individuals and business customers. The Bank primarily provides real estate mortgage loans. The Bank originates mortgage loans for sale in the secondary market. The Bank also originates consumer loans and residential construction loans for the loan portfolio. First Harrison Investments, Inc. and First Harrison Holdings, Inc. are wholly owned subsidiaries of the Bank that jointly own First Harrison, LLC, which holds and manages an investment securities portfolio. First Harrison REIT, Inc. is a wholly owned subsidiary of First Harrison Holdings, Inc., which holds a portion of the Bankâs real estate mortgage loan portfolio. The Bank has about 18 offices in the Indiana communities of Corydon, Edwardsville, Greenville, Floyds Knobs, Palmyra, New Albany, New Salisbury, Jeffersonville, Lanesville, and Charlestown and others.