Stock Report: FirstCity Financial Corp. (FCFC) Report Updated: May 13, 2013 | Print This Page

FirstCity Financial Corporation operates as a multi-national specialty financial services company. The company operates in two segments, Portfolio Asset Acquisition and Resolution, and Special Situations Platform. The Portfolio Asset Acquisition and Resolution segment acquires and resolves portfolios of under-performing and non-performing loans, performing loans, and other assets, which are generally acquired at a discount to their legal principal balance or appraised value; services, manages, resolves, or otherwise disposes various portfolio assets acquired by the company, its acquisition partnerships, or other related entities. The Special Situations Platform segment provides investment capital to privately-held middle-market companies through flexible capital structuring arrangements; and engages in other types of investment activity, including distressed debt transactions and leveraged buyouts. The company operates in the United States, Mexico, Europe, and South America. FirstCity Financial Corporation was founded in 1950 and is headquartered in Waco, Texas.