First Trinity Financial Company First Trinity Financial Corporation ( FTFC ) is a financial holding company with its home office in Tulsa, Oklahoma. FTFC has two wholly owned subsidiaries: Trinity Life Insurance Company ( TLIC ) and First Trinity Capital Corporation ( FTCC ). FTFC successfully raised $15, 475, 000 through Private Placement and a public stock offering that was completed February 23, 2007. FTFC is currently owned by over 3700 Oklahoma residents. Since inception FTFC has dedicated itself to help stem the outflow of capital from our state by providing a broadly held Oklahoma financial services corporation offering innovative, attractive and competitive financial products and financial services. Our premium finance and life insurance subsidiaries began operations in early 2007, and shortly thereafter our country and the entire financial sector faced tremendous economic challenges and uncertainty. We have seen both the bond and stock market suffer tremendous losses along with the demise of several large financial institutions. As a result, the consumer confidence in our country's financial institutions has been shaken. However in spite of these turbulent economic times, First Trinity Financial has continued to grow. From December 31, 2007 to December 31, 2009, FTFC's assets grew from $12, 529, 238 to $49, 816, 843 an increase of $37, 287, 605 or 298%. Revenues during the same period have grown from $1, 635, 956 to $8, 542, 792 an increase of 422% while shareholder equity increased from $11, 779, 815 to $13, 250, 690 or 12.5 % To enhance our ability to meet our goals, FTFC plans to raise additional capital. In December 2009, documents were filed with the Securities and Exchange Commission and the Oklahoma Department of Securities to raise $10, 000, 000 of additional capital by selling new shares of common stock at $7.50 per share. We anticipate that this offering will become effective within the next few months.
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