Gerald L. Uhl, Chairman of the Board, Retires from the Board of Directors of First Capital, Inc
May 20, 2016 at 02:09 am IST
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Effective immediately following the annual meeting of shareholders of First Capital Inc. held on May 18, 2016, Gerald L. Uhl, Chairman of the Board, retired from the Board of Directors of the Company. Mr. Uhl's retirement from the Board of Directors of the Company was in accordance with the Company's Fifth Amended and Restated Bylaws, which impose a mandatory director retirement age of 75. Mr. Uhl's term as a Class 3 director was set to end at the 2017 annual meeting of shareholders. The Board of Directors determined not to fill the vacancy created by Mr. Uhl's retirement and to reduce the number of Class 3 directors from three to two and the size of the Board of Directors from twelve to eleven members in accordance with the Company's Bylaws, effective on Mr. Uhl's retirement on May 18, 2016.
First Capital, Inc. is the holding company for First Harrison Bank (the Bank). The Bank is a chartered commercial bank, which provides a variety of banking services to individuals and business customers. The Bank primarily provides real estate mortgage loans. The Bank originates mortgage loans for sale in the secondary market. The Bank also originates consumer loans and residential construction loans for the loan portfolio. First Harrison Investments, Inc. and First Harrison Holdings, Inc. are wholly owned subsidiaries of the Bank that jointly own First Harrison, LLC, which holds and manages an investment securities portfolio. First Harrison REIT, Inc. is a wholly owned subsidiary of First Harrison Holdings, Inc., which holds a portion of the Bankâs real estate mortgage loan portfolio. The Bank has about 18 offices in the Indiana communities of Corydon, Edwardsville, Greenville, Floyds Knobs, Palmyra, New Albany, New Salisbury, Jeffersonville, Lanesville, and Charlestown and others.
FIRST CAPITAL, INC. 
