First Investors Financial Services Group, Inc. Announces Special Meeting Of Shareholders to Be Held On October 30, 2012

HOUSTON, Oct. 4, 2012 /PRNewswire/ -- First Investors Financial Services Group, Inc. ("FIFS, PK") (the "Company") announced today that it has set October 30, 2012, at 9:00 a.m. Central time, as the date and time for the special meeting of shareholders to consider and vote upon a proposal to approve and adopt the previously announced definitive merger agreement, dated as of September 25, 2012, among the Company, FIFS Holdings Corp., a company controlled by Aquiline Capital Partners LLC, a New York-based private equity firm investing in the financial services sector, and FIFS Holdings' wholly-owned subsidiary, ACP (TX) Merger Sub, Inc., and approve the transactions contemplated thereby.

The special meeting will be held at the offices of the Company located at 675 Bering Drive, Suite 710, Houston, Texas 77057, on Tuesday, October 30, 2012 at 9:00 a.m., local time.  Holders of record of the Company's common stock at the close of business on October 1, 2012 are entitled to notice of, and to vote at, the special meeting and any adjournments or postponements thereof.  The Company will mail notice of the special meeting, together with a proxy statement attaching a copy of the merger agreement, to all shareholders of record on the record date.  SHAREHOLDERS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT AND THE MERGER AGREEMENT AND OTHER DOCUMENTS ACCOMPANYING IT IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE PROPOSED MERGER.

PARTICIPANTS IN THE SOLICITATION
The Company and its directors and officers may be deemed participants in the solicitation of proxies to the Company's shareholders with respect to the business combination contemplated by the merger agreement.  A description of their interests in the proposed business combination is contained in the proxy statement that will be mailed to the Company's shareholders.

ABOUT FIRST INVESTORS FINANCIAL SERVICES GROUP, INC.
The Company is a consumer finance company engaged in originating and holding for investment automobile finance receivables and promissory notes originated by franchised automobile dealers or through refinancing transactions with the vehicle owners.  The Company specializes in lending to consumers with impaired credit profiles.  The Company also purchases receivables through portfolio acquisitions or from third party originators and performs third-party loan servicing for unaffiliated clients.  The Company is headquartered in Houston, Texas.  Copies of this press release and other information about the Company, including its historical financial statements, are available on the Company's web site at www.fifsg.com.

FORWARD-LOOKING STATEMENTS
The statements contained in this release that are not historical statements of fact may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements may often be, but are not always, identified by the use of such words such as "intends", "anticipates", or "proposes, or by statements that certain actions, events or results "may" or "will" be taken, occur or be achieved, and may include statements about future operations and the anticipated timing for any proposed actions.  Any such forward-looking statements involve a number of risks and uncertainties, and the actual results of future events could differ materially from those stated in any forward-looking statements herein.  Readers should not place undue reliance on any such forward-looking statements, which are made only as of the date of this release.  The Company undertakes no obligation to revise or update publicly any such forward-looking statements for any reason.

SOURCE First Investors Financial Services Group, Inc.