FirstCity Financial: FirstCity Financial (NASDAQ: FCFC) Provides Update on Industrial Loan Company Initiative

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WACO, TX (MARKET WIRE) FirstCity Financial Corporation (NASDAQ: FCFC) today announced that the FDIC Board of Directors has voted to extend for one year an earlier imposed moratorium for approval of industrial loan company charters owned by commercial companies. The FDIC Board of Directors further determined to move forward with applications by financial companies.

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