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First Bank Announces Strategic Leadership Changes

November 16, 2023, 07:15 AM

First Bank, the wholly owned subsidiary of First Bancorp and the largest North Carolina headquartered community bank, announced changes to its executive leadership structure to more effectively execute its strategic vision.

Adam Currie was named President of First Bank, reporting to Mike Mayer, CEO of the Bank. Currie assumes operational responsibilities for all of the Bank's activities including all Lending and Branch functions along with Marketing, Operations, IT and Credit Administration. Elizabeth Bostian, CFO of the Bank, will continue to lead all financial management functions and will assume responsibility for Human Resources as a managed line of business. Mayer will continue as CEO of the Bank and President of First Bancorp.

Currie has been with First Bank since 2015 in various roles, including, most recently, Chief Banking Officer. He holds a B.A. in Economics from the University of North Carolina at Chapel Hill. Currie has over 20 years of experience in financial services including roles in retail banking, commercial banking, and capital markets. Bostian has been with First Bank since 2012 and has been CFO since 2021.

"We are very excited for both Adam and Elizabeth as they assume additional responsibilities. These strategic changes are what we need to continue to stay nimble, innovative and forward-thinking. First Bank is now poised, more than ever, to embrace the future and bring value to our customers, associates and stakeholders," said Mayer.

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