First Abacus Financial Holdings Corporation (FAF) traces its roots from Seven Seas Oil Exploration and Resources, Inc. Seven Seas was incorporated on February 15, 1994 and became a publicly listed company on November 21, 1994. It was primarily engaged in the business of oil exploration and development. On January 25, 1996, the Securities and Exchange Commission approved the company's change in corporate name from Seven Seas to its present name, including a change in primary purpose into a financial holding company. FAF's first strategic corporate realignment move was the acquisition of Abacus Capital & Investment Corporation (ACIC), an operating investment house. The acquisition of ACIC also brought into FAF the subsidiaries of ACIC, namely, Abacus Securities Corporation (ASC) and Vista Holdings Corporation (VHC). The company, through its subsidiary and affiliates, is engaged in securities brokerage, investment banking, and leasing. ACIC provides a number of financial services, which include equity underwriting transactions, financial advisory, debt underwriting and loan arrangements, treasury sales, and financing. ASC is engaged in stock brokerage services, while VHC is a holding company with investments in condominium units. Source: SEC Form 17-A (2008)