Early Business History
Mr Garcia's former father in law, Seymour Holtzman, was a significant shareholder in several smaller thrifts and community banks. He would find poorly managed or undervalued banks then use his leverage as a shareholder to force improvements to management. Between 1993 and 1996, Garcia, represented Holtzman's proxy fight against ONBANCorp, Inc. of Syracuse, N.Y. Garcia also provided legal services to Holtzman in his 1996 solicitation for proxies against First Financial Corporation of Western Maryland. Garcia was then serving as a partner in a Boca Raton law firm, Garcia & Cope
In 1994, García was appointed co-manager of his former father in law's $60 million dollar “Thrift Value Fund,” based in Palm Beach County, and later as manager of at least two other investment funds of lesser value. By the time he terminated Thrift Value Fund relationship in late 1997, García was working at the Greenberg Traurig law firm in Miami, advising banks and Savings and Loans institutions.
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