FirstBank CEO Elected to Richmond Fed

Adam Currie, President and CEO of First Bank, has been elected as a Class A Director of the Federal Reserve Bank of Richmond as part of the 2025–2027 term for the Richmond Fed's Board of Directors, which includes business and community leaders from across the Fifth Federal Reserve District comprising North Carolina, South Carolina, Virginia, Washington, D.C., Maryland, and most of West Virginia.

The Federal Reserve Bank of Richmond is one of 12 regional banks around the country that support, guide and supervise consumer banks and financial institutions. As the operating arms of the Federal Reserve system, they are a key aspect of the nation's financial health, helping to guide the overall monetary policy of the Fed's Board of Governors.

"I am honored to serve as a Director of the Federal Reserve Bank of Richmond," said Currie. "This role presents a valuable opportunity to contribute to the economic vitality of our region while bringing the perspective of regional banking to important policy discussions. I look forward to working alongside my fellow directors to support the Federal Reserve's mission and serve the Fifth District."

His appointment is part of the 2025–2027 term for the Richmond Fed's Board of Directors, which includes business and community leaders from across the Fifth Federal Reserve District comprising North Carolina, South Carolina, Virginia, Washington, D.C., Maryland and most of West Virginia.

Currie brings over 20 years of financial services expertise to his role at First Bank. He was appointed President in November 2023 and Chief Executive Officer in February 2025. Previously, he served as Chief Banking Officer, overseeing retail banking, commercial banking, and community markets. Currie earned a Bachelor of Arts in Economics from the University of North Carolina at Chapel Hill and is a graduate of the Graduate School of Banking at Louisiana State University.

First Bank is the banking subsidiary of First Bancorp and is headquartered in Southern Pines, North Carolina, with total assets of approximately $12.7 billion. As a state-chartered community-focused 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 and helpful local expertise to help our customers achieve their dreams. 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.