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FIRST BANK NAMES NEW CHIEF CREDIT OFFICER

1. Larry Jackson appointed Chief Credit Officer of First Bank starting April 2025. 2. Jackson brings 21 years of credit risk management experience from PNC. 3. Adam Currie, CEO, highlights Jackson's leadership for future growth. 4. First Bank operates 113 branches in NC and SC with $12.1 billion assets.

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Why Bullish?

The appointment of an experienced credit officer usually improves a bank’s risk management, potentially leading to stronger financial performance, similar to how previous executive hires have positively influenced stock prices in the past.

How important is it?

The article discusses the leadership change at First Bank, which directly impacts strategic credit risk management and future growth, making it highly relevant to stakeholders, including those interested in FRBA.

Why Long Term?

Leadership changes in financial institutions often take time to yield observable results; however, strategic improvements typically emerge over the long-term.

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FBNC
, /PRNewswire/ -- First Bank is pleased to announce the appointment of Larry Jackson as its new Chief Credit Officer, effective April 2025. Jackson will be based at the bank's Greensboro office located at 101 N Spring Street.Larry brings over 21 years of extensive experience in the financial services industry, with a distinguished career focused on credit risk management. He joins First Bank from PNC, where he most recently served as Market Credit Executive.  Chief Credit Officer, Larry Jackson "We are incredibly excited to welcome Larry Jackson to First Bank's leadership team," said Adam Currie, CEO of First Bank. "Larry's deep expertise in credit risk management, strong leadership skills, and high character will be instrumental as our bank continues to grow. We are excited about his homecoming to the Carolinas. I also want to thank Mike Brower for building an incredible credit culture at First Bank over the last decade and wish him the best in his well-deserved retirement later this fall." Jackson expressed his enthusiasm for his new role, stating, "I am very excited about the opportunity to work alongside this leadership team in continuing to grow a phenomenal community/regional bank. It's truly rare to find a financial services firm that aligns so closely with my own personal values in how we approach the market and our customers. I look forward to contributing to First Bank's continued success."A native of Reading, Michigan, Jackson earned his Bachelor's in Business Administration with a focus on Management from Spring Arbor University in 2004. He will be relocating to Greensboro this summer with his wife and four children. Beyond his professional achievements, Jackson is deeply committed to community involvement.About us:First Bank is the banking subsidiary of First Bancorp and is headquartered in Southern Pines, North Carolina, with total assets of approximately $12.1 billion. As a state-chartered community bank, First Bank operates 113 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.SOURCE First Bank WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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