First Capital announced that Mignon Winston has been promoted to Senior Vice President.  Winston will continue to operate out of the First Capital headquarters located in New York City where she had previously served as an Underwriter and later received the promotion to Vice President/Credit Officer in September 2012.
               
Winston brings over 25 years of Credit and Portfolio Management experience to her new position.  Prior to joining First Capital, she worked for Wells Fargo Bank as Vice President in both Underwriting and Portfolio Management with experience in Chapter 11 filings, workouts and recaps. Other prior positions include Senior Underwriter at The CIT Group, Inc., Lender at Chase Manhattan Bank, Senior Underwriter at Heller Financial, Inc., and various credit positions at Chemical Bank including Term Lending Credit Deputy.  Winston has a BA in economics from Harvard University and an MBA in Finance from New York University.

“Mignon has made significant contributions in the growing strength of First Capital’s portfolio and is highly deserving of her new title,” said Gerard Hanabergh, Chief Credit Officer and Executive Vice President of First Capital.   “We are fortunate to have her as part of the credit team and look forward to future success as she continues her role as Credit Officer.”

Mignon Winston stated, “I appreciate the recognition First Capital has given me with the new title of Senior Vice President.  I enjoy the challenge of maintaining First Capital’s credit quality while still providing financing to companies in transition that might not be able to obtain financing through traditional lenders.”

First Capital provides working capital financing typically ranging from $2 million to $20 million primarily to small and middle-market entrepreneurs with annual sales ranging from $10 million to $250 million.