F.N.B. Capital Partners, L.P. is a pooled fund of committed capital licensed by the Small Business Administration ("SBA") as an SBIC. FNBCP, headquartered in Pittsburgh, Pennsylvania, invests $3 million to $10 million per transaction. FNBCP specializes in
"We're very excited to partner with a growing local business to support this exciting acquisition" said FNBCP's Managing Partner Stephen Gurgovits, Jr. "The investment represents our first Charlotte-area portfolio company and our second in the state of North Carolina.
Campbell, Chiafullo, Delie, Gurgovits, Hormell, Malone, Martz, McCarthy, Mencini, Motley, Nalbandian, Stanik and Strimbu with terms expiring at our 2017 Annual Meeting and upon election and qualification of their respective successors.
STEPHEN J. GURGOVITS
Stephen J. Gurgovits was elected Chairman of our Board in January 2012, and has been an FNBPA director since 1981.Mr. Gurgovits served as our CEO in every year from 2004 until January 2012, and is Chairman of our Executive Committee.Mr. Gurgovits also is Chairman of the FNBPA Board.In addition, Mr. Gurgovits is Chairman of FNBPA’s Executive Committee and a member of its Credit Risk and CRA (Community Reinvestment Act) Committee.Throughout his lengthy tenure with the Company, Mr. Gurgovits has served the Company and FNBPA in various retail, commercial banking and executive capacities.Under Mr. Gurgovits’ leadership as CEO, the Company grew from approximately $4 billion in asset size in 2004 to $11.6 billion by the time he retired as CEO in 2012.In view of Mr. Gurgovits’ extensive knowledge of, and experience with the Company and FNBPA, he has served as an important “sounding board” for senior management and provided a valuable perspective in connection with our acquisition and growth strategies.From 2013 until August 2014, Mr. Gurgovits served on the board of directors of Hampton Roads Bankshares, Norfolk, Virginia (publicly-held bank holding company), and served as a member of the company’s compensation committee and the nominating and governance committee.Mr. Gurgovits authored a well-recognized lending primer, “Financing Small Business.” Mr. Gurgovits’ leadership experience includes his service as the chairman of the Pennsylvania Bankers Association (“PBA”) from 2003 to 2004, a director of the American Bankers Association (“ABA”) from 2005 through 2008, and a member of the American Bankers Council.In leading the PBA and ABA, Mr. Gurgovits gained invaluable experience working with large financial institutions and community banks, along with national and state policymakers, legislators and regulators, for the purpose of vigorously advocating that financial regulations serve the competitive interests of banks and other financial institutions and their customers.Mr. Gurgovits’ leadership positions with the PBA and the ABA are indicative of his reputation in the financial institutions industry.
This experience, coupled with his Board and executive leadership experience with F.N.B., make him an integral component of our Board.
Mr. Gurgovits completed the Graduate School of Banking at the University of Wisconsin.
In addition, Mr. Gurgovits is a recognized leader in regional economic development and currently serves or previously served on the boards of various educational, developmental and health care organizations, including Penn-Northwest Development Corporation and as a director on the boards of the Christian Buhl Legacy Trust and the Community Foundation of Western Pennsylvania and Eastern Ohio.Mr. Gurgovits is President of the F.H. Buhl Trustees, a community-centered non-profit organization offering recreational, social, fitness and educational programs for families in Mercer County, Pennsylvania.Mr. Gurgovits is a member of the Youngstown State University Foundation board, which is dedicated to promoting the university’s endowment and supporting its educational mission, and also serves as a member of its Investment Committee.
Mr. Gurgovits’ lengthy and significant experience with F.N.B. and its affiliates for more than five decades, including his operational, financial, executive and industry leadership roles, qualify him for service as our Board Chairman and as Chair of our Executive Committee.
FNB Capital Partners Mezzanine Financing & Private Equity
Stephen J. Gurgovits, Jr., CPA, CFAStephen J. Gurgovits, Jr. is the Managing Partner and co-founding partner of F.N.B. Capital Partners, a $175 million SBIC fund managed by Tecum Capital for which he serves as President.
In this capacity, he is responsible for providing strategic, operational and investment management leadership to the fund, including its overall planning, fund raising, growth and execution.
Mr. Gurgovits, Jr. also currently serves on the board of directors for Tri-Tech Forensics, Inc. and Uncle Charley's Sausage Company.
During his career, Mr. Gurgovits, Jr. has been directly involved in over $1 billion of aggregate financial transactions, both public and private.
Mr. Gurgovits, [...]
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