Bridget Welborn Takes on Chief Risk Officer Role at First Bank
First Bank is excited to announce that Bridget Welborn has joined the team as the new Chief Risk Officer and Head of Legal. This dynamic appointment reflects the bank's commitment to enhancing its risk management strategies and maintaining its high standards in legal compliance. With an extensive background spanning over 15 years in legal, risk, privacy, and regulatory compliance, Welborn is set to make significant contributions to the organization's growth.
A Wealth of Experience in Risk and Compliance
Before joining First Bank, Welborn was Senior Counsel at a prestigious firm where she specialized in banking, privacy, and data security. This role had her advising various financial institutions and fintechs on navigating complex regulatory landscapes. Her robust understanding of the banking sector positions her as a vital asset to First Bank during a crucial time of expansion.
Leadership and Vision for the Future
CEO Adam Currie expressed enthusiasm about Welborn's addition to the leadership team, emphasizing her strategic mindset and dedication to robust risk infrastructures as essential in today’s rapidly evolving environment. "Her strategic vision and commitment to excellence will indeed bolster our growth trajectory," Currie stated, underscoring the bank's focus on solid risk management practices.
Commitment to Community and Innovative Culture
Welborn is attracted to First Bank’s commitment to community service and operational excellence. She recognizes the bank’s strong culture and values, showing a genuine eagerness to contribute to this environment. "I am excited to continue to build on that and to be working with this talented team," she mentioned, reflecting her collaborative spirit and professional integrity.
Transition and Future Collaboration
As Peter Seitz transitions into retirement, he will work alongside Welborn to ensure a smooth handover of responsibilities. Seitz's experience as Executive Vice President of Enterprise Risk will be instrumental in aiding Welborn’s integration into her new role. His confidence in her capabilities signals a promising future for risk management at the bank.
Educational and Professional Credentials
Bridget Welborn is not only professionally qualified but also academically accomplished. She earned her Juris Doctor from the University of Richmond. Furthermore, her Bachelor of Science in Public Health for Biostatistics from the University of North Carolina at Chapel Hill showcases her analytical capabilities. Holding law licenses in North Carolina, Virginia, and New York, along with a CIPP/US Certification, adds to her impressive credentials.
About First Bank
First Bank, a subsidiary of First Bancorp, operates as a state-chartered community-focused bank with approximately $12.8 billion in assets. The institution prides itself on tailored financial solutions and customer service excellence, operating 113 branches across North Carolina and South Carolina. Since its inception in 1935, First Bank has maintained a commitment to helping clients navigate their banking needs while promoting community values.
Frequently Asked Questions
What role does Bridget Welborn hold at First Bank?
Bridget Welborn is the Chief Risk Officer and Head of Legal at First Bank.
What is Bridget Welborn's professional background?
Welborn has over 15 years of experience in legal, risk, privacy, and regulatory compliance.
Who will Bridget Welborn work closely with after her appointment?
Welborn will collaborate closely with Peter Seitz, who is transitioning out of his role as Executive Vice President of Enterprise Risk.
What is the focus of First Bank?
First Bank is committed to providing community-focused banking solutions while adhering to strong legal and risk management practices.
Where is First Bank headquartered?
First Bank is headquartered in Southern Pines, with branches across North and South Carolina.
