First Bank's CEO Adam Currie Elected Director of the Federal Reserve Bank of Richmond

Core Insights - Adam Currie, President and CEO of First Bank, has been elected as a Class A Director of the Federal Reserve Bank of Richmond, bringing over 20 years of financial services expertise to the role [1][1][1] - Currie's appointment is part of the 2025–2027 term for the Richmond Fed's Board of Directors, which includes leaders from the Fifth Federal Reserve District [1][1][1] - As a Class A Director, Currie will provide insights into regional economic conditions and the banking industry's needs, supporting the Federal Reserve's mission for economic stability [1][1][1] Company Overview - First Bank, a subsidiary of First Bancorp, is headquartered in Southern Pines, North Carolina, with total assets of approximately $12.7 billion [1][1][1] - The bank operates 113 branches in North Carolina and South Carolina, focusing on a community-oriented banking approach since 1935 [1][1][1] - First Bancorp's common stock is traded on the NASDAQ Global Select Market under the symbol "FBNC" [1][1][1]