First Bancorp CEO Adam Currie Named Richmond Fed Class A Director, Boosting FBNC's Policy Voice

Richmond Fed appointment expands First Bancorp's policy voice

First Bancorp says its President and Chief Executive Officer, Adam Currie, is elected a Class A Director of the Federal Reserve Bank of Richmond for the 2025–2027 term, a move that places a community-banking executive in a formal advisory role on regional monetary and economic matters. Currie says he is “honored to serve” and looks forward to contributing the perspective of regional banking to policy discussions, signaling an intent to bring local market concerns into the Richmond Fed’s deliberations.

Currie brings more than 20 years of financial services experience to the post and to First Bank, the company’s banking subsidiary. He is named president in November 2023 and becomes CEO in February 2025 after a tenure as Chief Banking Officer, where he oversees retail banking, commercial banking and community markets. Currie holds a B.A. 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.

As a Class A Director, Currie represents member banks and will provide insight into regional economic conditions and the needs of the banking industry to support the Richmond Fed’s mission across the Fifth Federal Reserve District, which covers North Carolina, South Carolina, Virginia, Washington, D.C., Maryland and most of West Virginia. First Bancorp and industry observers say the appointment enhances the community-bank voice in Fed channels at a time when regional lending conditions, small-business credit and local housing markets remain focal issues for regional policymakers.

First Bancorp’s regional footprint and community focus

First Bank, the state‑chartered banking arm of First Bancorp, operates from its Southern Pines, North Carolina headquarters and emphasizes community-focused lending and services. The bank reports approximately $12.7 billion in total assets and operates 113 branches across North Carolina and South Carolina, tracing its tailored community banking approach to 1935.

First Bancorp’s common stock trades on the NASDAQ Global Select Market under the symbol FBNC. The company directs interested parties to its website for additional information and notes its participation in standard consumer protections and safeguards as a Member FDIC and Equal Housing Lender.