LaMonaca Named New President of First International

UPS Capital has appointed Frank P. LaMonaca president of its Hartfordbased subsidiary, First International Bank.

LaMonaca's promotion caps a 23-year career in banking, the past three with First International, where he served on the executive committee as both chief administrative officer and

"Frank understands the culture and vitality of First International Bank," said Bob Bernabucci, CEO of UPS Capital. "He has an excellent record of success in, commercial bank management and his experience will help facilitate lending opportunities to emerging businesses, which are the backbone to our nation's economy."

A leader in structured commercial and trade financing, U.S. governmentbacked lending, and global financing for international emerging markets, First International Bank expands UPS Capital's capabilities to provide financing for small and medium sized customers, which make up a large segment of the UPS customer base.

UPS Capital Corp., a wholly owned subsidiary of UPS, is a key component of UPSs strategy to enable global commerce by providing the flow of goods, information and funds from one source. Combined with its other subsidiaries, UPS Capital's extensive portfolio of financial services can help customers leverage UPSs technology, transportation, ecommerce and logistics for total, efficient supply chain management solutions. UPS Capital is based in Atlanta and resides on the Web at www.upscapital.com.