First Capital, Inc. announced that on September 21, 2020, the Board of Directors the Company upon the appointed Michael C. Frederick to fill the vacancy so created, effective September 21, 2020. Mr. Frederick will serve on the Loan Committee of the Company's Board. Mr. Frederick has been affiliated with the bank since June 1990 and has served in his present position since 2018. Prior to that time, Mr. Frederick served as Executive Vice President since 2013 and Chief Financial Officer and Treasurer since 1997. the Board also adopted a succession plan regarding the Chief Executive Officer and President, positions. Pursuant to the succession plan, Michael C. Frederick will transition into the role of President of First Harrison Bank during 2022 and then into the role of Chief Executive Officer of First Harrison Bank during 2023. William Harrod will continue to serve in the role of Chief Executive Officer and President of the Company until his retirement.
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.
FIRST CAPITAL, INC. 