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Posted 30 June, 2023

FIRST CAPITAL INC appointed new CEO

CEO Change detected for ticker Nasdaq:FCAP in a 8-K filed on 30 June, 2023.


  Departure of William W. Harrod as President and Chief Executive Officer; Transition of Michael C. Frederick as President and Chief Executive Officer  

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Overview of FIRST CAPITAL INC
Financial Services • Banking
First Capital, Inc. operates as a bank holding company, which engages in the provision of commercial and business banking services. Its loan portfolio includes residential real estate, land, construction, commercial real estate and business, home equity and second mortgage, and other consumer loans. The company was founded on September 11, 1998 and is headquartered in Corydon, IN.
Market Cap
$92.9M
View Company Details
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers 


Departure of William W. Harrod as President and Chief Executive Officer; Transition of Michael C. Frederick as President and Chief Executive Officer


On June 30, 2023, William W. Harrod retired as President and Chief Executive Officer of First Capital, Inc (the "Company"). As previously reported, effective July 1, 2023, Michael C. Frederick will transition into the role of President and Chief Executive Officer of the Company. Since March 31, 2023, Mr. Frederick has acted as the President and Chief Executive Officer of First Harrison Bank (the "Bank"). Mr. Frederick previously served as Executive Vice President, Chief Financial Officer, and as a director on the board of the Company. Mr. Frederick has been affiliated with the Bank since June 1990.


Mr. Frederick has (i) no arrangements or understandings with any other person pursuant to which he was appointed as an executive officer, and (ii) no family relationship with any director or executive officer of the Company or any person nominated or chosen by the Company to become a director or an executive officer. Mr. Frederick has had no direct or indirect material interest in any transaction or series of similar transactions contemplated by Item 404(a) of Regulation S-K.