December 8, 2009 (FinancialWire) — Ameritrans Capital Corp.’s (NASDAQ: AMTC) board has increased the size of Ameritrans’ board of directors to ten members and has elected Elliott Singer to serve as a new director to fill the vacancy created by the increase in Board members until the next annual meeting of stockholders.

The election of Singer has increased the number of independent directors to six members.

Singer is a Managing director of FairView Advisors, a financial services firm that he founded in September 2001.

Ameritrans Capital is a closed-end investment company that originates, structures and manages a portfolio of secured business loans and equity securities.

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