First Bank Appoints New Chief Credit Officer
First Bank is thrilled to announce the recent appointment of Larry Jackson as the new Chief Credit Officer. This strategic move marks a significant step in the bank's commitment to enhancing credit risk management and growing its presence in the financial services sector.
Background of Larry Jackson
Larry Jackson comes to First Bank with over 21 years of experience exclusively in the financial services industry. He has built a distinguished career focused on superior credit risk management, making him an ideal fit for this new role. Previously, Jackson served as Market Credit Executive at PNC, where he developed his expertise in overseeing credit decisions and managing risk effectively.
What Jackson Brings to First Bank
Jackson’s extensive background assures First Bank of his strong leadership skills and ethical approach to banking. Adam Currie, the CEO of First Bank, expressed his excitement about Jackson joining the leadership team and emphasized that Larry’s profound expertise will play a pivotal role in the continued growth of the bank. Currie stated, “Larry’s character and professional acumen will greatly support our growth and customer approach.”
Jackson’s Vision for the Future
When expressing his enthusiasm for his new role, Jackson remarked, “I am very excited about the opportunity to work alongside this leadership team in continuing to grow a phenomenal community bank. It’s truly rare to find a financial services firm that aligns closely with my own personal values and approach to the market.” His commitment to aligning the bank’s mission with his personal values signifies a promising future for First Bank.
Community Commitment
Residing from Reading, Michigan, Jackson holds a Bachelor’s degree in Business Administration with a concentration in Management from Spring Arbor University, earned in 2004. Relocating to Greensboro this summer with his wife and four children, Jackson is also known for his dedication to community involvement. His commitment to contributing positively to the community is expected to align perfectly with the bank’s values.
About First Bank
First Bank operates as a banking subsidiary of First Bancorp and maintains its headquarters in Southern Pines, North Carolina. The bank holds approximately $12.1 billion in total assets and functions as a state-chartered community bank, boasting 113 branches across North and South Carolina. Established in 1935, First Bank prides itself on providing tailored banking services that effectively combine innovative financial solutions with local expertise and technology.
First Bancorp's Market Presence
First Bancorp's shares are traded on the NASDAQ Global Select Market under the symbol "FBNC." As a member of the FDIC and an Equal Housing Lender, First Bank remains committed to fostering a customer-oriented experience that puts community needs first.
Frequently Asked Questions
Who is the new Chief Credit Officer of First Bank?
Larry Jackson has been appointed as the new Chief Credit Officer of First Bank.
What prior experience does Larry Jackson have?
Jackson has over 21 years of experience in financial services and served as Market Credit Executive at PNC prior to joining First Bank.
What are Jackson's goals at First Bank?
Jackson aims to contribute to the growth and community-oriented mission of First Bank while emphasizing risk management and ethical practices.
Where is First Bank headquartered?
First Bank is headquartered in Southern Pines, North Carolina.
What is the financial strength of First Bank?
First Bank operates with approximately $12.1 billion in total assets and has a strong presence in North and South Carolina.
