Company Information

Get to know FirstCity Financial Corporation

FirstCity Financial Corporation, founded in 1985, was a diversified financial services holding company headquartered in Waco, Texas. The company's primary business involved the acquisition, management, and resolution of non-performing and sub-performing loan portfolios and other distressed assets from financial institutions globally. It operated through various segments, including Portfolio Asset Acquisition and Resolution, and specialty finance. After facing financial challenges, the company was acquired by Värde Partners, a global alternative investment firm, in a take-private transaction completed in October 2013, and subsequently ceased to operate as an independent public entity.

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Financial InvestmentPRIMARY
Financial Banking
Financial Other Service

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FirstCity Financial Corporation

United States

Founded in

01 Jan 1986 (40 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.