First Capital announced the hiring of J. Patrick Moody as vice president in the Eastern Region of the Asset-Based Lending Group.  He will be responsible for new business development throughout the Eastern United States.

Moody is a financial professional with more than ten years of experience in all aspects of asset-based lending, including business development, portfolio management, underwriting, and market development throughout Alabama, Georgia, Florida, Mississippi and Tennessee.  Most recently, he held the position of managing director with SunTrust Robinson Humphrey.  His previous positions include business development officer and portfolio manager with Wachovia Bank and various management positions within the manufacturing industry.

“We have had a very strong first half of 2013 and are very fortunate to have Patrick join the team as we continue to execute on our growth strategy,” said John Nooney, EVP and ABL Eastern Region Manager. 

Moody stated, “I’m excited to be joining the Eastern ABL Region and adding to the momentum that has already been created by the team in place.  First Capital has a great business model in the market and is able to offer tailored and flexible financing to companies in transition.”

Moody received a BS in Business Administration from The Citadel, The Military College of South Carolina and an MBA from Auburn University. He is a board member of the CFA.

First Capital provides working capital financing typically ranging from $2 million to $25 million primarily to small and middle-market businesses with annual sales ranging from $10 million to $250 million.