2008-05-07 23:01:08 -

- In conjunction with FirstCity Financial Corporation's (NASDAQ: FCFC) first quarter 2008 earnings release before market on May 12, 2008, the company invites you to participate in its quarterly conference call to be held on Monday, May 12, 2008 at 9:00 a.m. Central Time.

During the call, FirstCity management will discuss first quarter 2008 results. A question and answer

session will follow the prepared remarks. -0- Event: FirstCity Financial Corporation First Quarter 2008 Conference Call Date: Monday, May 12, 2008 Time: 9:00 a.m. Central Time Host: James T. Sartain, FirstCity's President and Chief Executive Officer Web Access: FirstCity's web page www.fcfc.com/invest.htm or, CCBN's Investor websites www.streetevents.com and, www.fulldisclosure.com Dial In Access: Domestic 888-396-2369 International 617-847-8710 Pass code 17543120

FirstCity Financial is a diversified financial services Company with operations dedicated solely to portfolio asset acquisition and resolution. The company has offices throughout the U.S., with affiliate organizations in Europe and Latin America. Its common stock is listed on the NASDAQ Global Select Market System under the symbol "FCFC."

FirstCity Financial Corporation
Suzy W. Taylor, 866-652-1810