SOUTHERN
PINES, N.C., Nov. 15,
2023 /PRNewswire/ -- First Bank, the wholly
owned subsidiary of First Bancorp (NASDAQ – FBNC) and the largest
North Carolina headquartered
community bank, is pleased to announce changes to its executive
leadership structure in order to more effectively execute its
strategic vision. Effective November 13,
2023, Adam Currie was named
President of First Bank, reporting to Mike
Mayer, CEO of the Bank. Adam assumes operational
responsibilities for all of the Bank's activities including all
Lending and Branch functions along with Marketing, Operations, IT
and Credit Administration. Elizabeth
Bostian, CFO of the Bank, will continue to lead all
financial management functions and will assume responsibility for
Human Resources as a managed line of business. Mike Mayer will continue as CEO of the Bank and
President of First Bancorp.
Currie has been with First Bank since 2015 in various roles,
including, most recently, Chief Banking Officer. He holds a B.A. in
Economics from the University of North
Carolina at Chapel Hill. Currie has over 20 years of
experience in financial services including roles in retail banking,
commercial banking, and capital markets. Bostian has been with
First Bank since 2012 and has been CFO since 2021.
"We are very excited for both Adam and Elizabeth as they assume
additional responsibilities. These strategic changes are what we
need to continue to stay nimble, innovative and forward-thinking.
First Bank is now poised, more than ever, to embrace the future and
bring value to our customers, associates and stakeholders," said
Mike Mayer, First Bank CEO.
With accolades in 2023 that include being named a Top Employer
by Business NC Magazine, as one of the Top 10 Best Performing Banks
by S&P Global, and to the KBW Annual Bank Honor Roll, among
others, First Bank is focused on continuing its strong legacy
through strategic decisions like this. You can learn more
about First Bank at localfirstbank.com.
About us:
First Bank is the banking subsidiary of First Bancorp and is
headquartered in Southern Pines, North
Carolina, with total assets of approximately $12 billion. As a state-chartered community bank,
First Bank operates 118 bank branches in North Carolina and South Carolina. Since 1935, First Bank has
taken a tailored approach to banking, combining best-in-class
financial solutions, helpful local expertise, and technology to
manage a home or business. First Bancorp's common stock is traded
on the NASDAQ Global Select Market under the symbol "FBNC." Visit
our website at www.LocalFirstBank.com. Member FDIC, Equal Housing
Lender.
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SOURCE First Bank