FFC Merges with N. Central Florida CDC (ADCO)
Florida First Capital recently completed a merger with North Central Florida Areawide Development Co., Inc. – known by many in the area as ADCO. The CDC’s longtime chief executive, Jim Emerson, joins Florida First Capital, and we have added Alachua County to our service area, already Florida's largest.

ADCO operated in a 17-county area in North Central Florida and was headquartered in Gainesville. It funded 504 loans totaling more than $13 million, which have provided 454 jobs, in addition to the impact on property taxes. The total impact of the projects, including bank financing and owners' equity, was more than $53 million. A total of 17 financial institutions participated with ADCO in providing this financing.

ADCO’s chief executive, Jim Emerson, joins Florida First Capital as vice president and business development officer.
He is responsible for lending activity in the following counties: HTML MAP

Alachua
Baker
Bradford
Citrus
Clay
Columbia
Dixie
Gilchrist
Hamilton
Lafayette
Levy
Marion
Nassau
Sumter
Suwanee
Union

For information on 504 loans in this territory, contact Jim Emerson:

2603 N.W. 13 Street, PMB #312
Gainesville, Florida 32609
Phone: 352.316.3000
Fax: 407.386.3139
E-mail: emerson@ffcfc.com