First Capital, Inc. (FCAP), the holding company for First Harrison Bank, said Tuesday that it intends to record a pre-tax restructuring charge of about $650,000 during the quarter ending September 30 related to a voluntary early retirement program that will be effective September 30.
The company noted that the cost savings associated with the voluntary early retirement program are expected to begin in October 2012. Thirteen employees with a combined 211 years of service at First Harrison Bank are expected to participate in the program.
William W. Harrod, President and CEO of First Harrison Bank and First Capital, Inc., commented, "We want to thank these employees for their many years of dedicated service and contributions to helping the company grow to where we are today."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.