First Bank Expands Leadership with Joe Shearin at the Helm

First Bank Welcomes New Leadership in Greater Richmond

In an exciting development for the banking sector, First National Corporation, the parent company of First Bank, has announced the appointment of Joe Shearin as President of the Greater Richmond Market. His leadership is expected to drive strategic initiatives across Richmond, Southside Virginia, and northern North Carolina.

Joe Shearin’s Extensive Banking Experience

With a remarkable career spanning over 40 years, Joe Shearin brings a wealth of experience to his new role. He previously served as the President and CEO of Sonabank, steering the institution through significant economic shifts and expanding its assets from around $500 million to over $3.4 billion during his tenure.

Community Focus and Commitment

Joe’s appointment is seen as a pivotal moment for First Bank, aligning perfectly with the bank's mission. Scott C. Harvard, CEO of First National Corporation, expressed enthusiasm over Joe’s community leadership and banking expertise, stating, "Joe's proven track record is a great asset for First Bank as we look to further our reach and enhance our customer relations in the Greater Richmond area. We are committed to growth, and Joe's experience will undoubtedly help us achieve that goal."

Leadership Beyond Banking

Not only is Joe well-versed in banking, but he also holds significant roles in community development. Appointed in 2023 by the governor as the Executive Director of the Small Business Financing Authority (VSBFA), he works towards providing vital financing solutions to businesses and non-profits, driving economic growth in the region.

Innovative Strategies at First Bank

As the founder and CEO of Jamescrest Consulting Group, Joe aims to assist organizations in enhancing their operational efficiency and overall profitability. His rich educational background includes being a graduate and current trustee of North Carolina Wesleyan University, along with board positions in various financial and community-focused organizations. His multitude of roles showcases his commitment to both the financial and social fabrics of the community.

Community Banking: A Personal Commitment

Expressing his excitement for the role, Joe stated, "As a long-time resident of the Prince George and Richmond areas, I am eager to take on the responsibility of leading community banking. At First Bank, we prioritize understanding the unique values of our current and prospective clients, providing them with tailored banking solutions that stand out in a competitive market." This personal touch is a central theme in First Bank's strategy, ensuring clients receive exceptional service.

Prepared for Growth and Change

Joe’s leadership team is focused on addressing the diverse banking needs of various clients, including small businesses, corporations, real estate investors, individuals, municipalities, and non-profits. His vision is to foster a banking environment characterized by flexibility, efficiency, and a service-oriented approach, thus positioning First Bank as a trusted financial partner in the Greater Richmond Market and beyond.

Continued Expansion of First Bank

First National Corporation, operating under the ticker FXNC, continues to develop First Bank, which has been a trusted community bank since its inception in 1907. With a broad range of loan and deposit products, coupled with modern banking conveniences like online services and mobile banking, First Bank is well-equipped to meet the evolving needs of its customers.

Moreover, First Bank provides wealth management services, demonstrating its comprehensive approach to financial well-being for its clientele. The organization combines traditional banking with innovative solutions, ensuring all clients have access to the resources necessary for their financial success.

With Joe Shearin at the helm of the Greater Richmond Market, First Bank is poised for transformative growth and is ready to enhance its presence within the community while delivering exceptional services tailored to the needs of its existing and potential customers.

Frequently Asked Questions

Who is Joe Shearin?

Joe Shearin is the newly appointed President of the Greater Richmond Market for First Bank, boasting over 40 years of banking experience.

What role did Joe Shearin previously hold?

Before joining First Bank, Joe served as the President and CEO of Sonabank.

What is First Bank’s mission?

First Bank aims to provide exceptional community banking services with a focus on flexibility, efficiency, and personal touch.

How long has First Bank been in operation?

First Bank has been serving the community since it was established in 1907.

What services does First Bank offer?

First Bank provides a range of services including loans, deposits, mobile banking, and wealth management.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

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