Executive Change: Jim W. Moore to FirstCity Financial as EVP, COO

Waco, Texas-based FirstCity Financial Corporation (Nasdaq: FCFC) is pleased to announce that Jim W. Moore, who has 38 years of banking and financial services experience, has been appointed Executive Vice President, Chief Operating Officer, and Treasurer of the company. Mr. Moore rejoins the company after spending the past seven years with Santander Consumer USA Inc., formerly known as Drive Financial Services LP, a national subprime auto indirect lender with a managed portfolio exceeding $5 billion. Moore served in various capacities including Director of Securitizations, Chief Financial Officer, and Treasurer.

Jim had a long term association with FirstCity as a senior officer prior to the formation of the Drive entity which resulted as a part of a sale to Bank of Scotland and reorganizations of FirstCity which occurred in 2000 and 2004.

In his role as Chief Operating Officer, Mr. Moore will manage the administrative functions of the company. James T. Sartain, President and CEO of FirstCity, said, "We are pleased to have Jim rejoin the company. Jim is a strong leader and team builder with impeccable credibility in the financial services industry. His knowledge and experience in the financial markets will add significant value to FirstCity.”

James C. Holmes, who previously held the position of Chief Operating Officer and Treasurer, will be promoted to Managing Director of U.S. Operations. James T. Sartain said, "The increased management depth that Jim Moore brings to FirstCity allows Jim Holmes to focus 100% of his time and talent on the abundant opportunities we are seeing in our main business line, the U.S Asset Acquisition and Management.”

FirstCity Financial is a diversified financial services company with operations dedicated to portfolio asset acquisition and resolution with offices in the U.S. and with affiliate organizations in Europe and Latin America.