First National Capital Corporation, a commercial equipment and aviation finance provider, will make additional cash payments to its employees as a result of converting to an ESOP structure.

The company will begin making additional options related payments to current employees dating back to the original conversion of the company to an ESOP structure. The additional payments to employees total $1,216,445 and are in addition to the original payments of $6,984,763, totaling more than $8.2 million overall.

“I am very proud that First National continues with its tradition of ‘sharing in the success’ with our employees in reciprocation for their efforts and loyalty. From the first day I founded the company, I said I wanted every employee to feel and act like an owner and that has only been reinforced with our conversion to an ESOP,” Keith Duggan, CEO of First National Capital Corporation, said. “These combined options payments of over $8.2 million in a roughly 50-employee company shows that we take our commitments seriously, and our ‘word,’ both to customers and employees, means everything. Even more impressive than the total dollars is the fact that these option payments are spread to every level of employee in the company. Many management, sales and administrative team members are receiving these payments.

“Combined with very generous incentive compensation structures, equity participation and the ESOP (a defined retirement plan), I take great pride that First National offers probably the most comprehensive and generous compensation structure in the industry.”