FIRST BANK HISTORY

Below is a list of some important events in the history of First Bank, including mergers and acquisitions.

DATEEVENT

01-01-1934Institution established. Original name: Bank of Montgomery.

01-19-1984Main Office moved to 341 North Main Street, Troy, NC 27371.

02-20-1985Changed Institution Name to First Bank.

07-10-1987Acquired The Bank of Candor (8926) in Candor, NC.

08-26-1994Acquired Central State Bank (9856) in High Point, NC.

12-15-1995Acquired First Scotland Bank (25839) in Laurinburg, NC.

11-17-2000Acquired First Savings Bank of Moore County, Inc., Ssb (28074) in Southern Pines, NC.

09-18-2001Acquired Home Savings, Ssb (31012) in Thomasville, NC.

05-16-2003Acquired Carolina Community Bank, National Association (11537) in Latta, SC.

05-16-2008Acquired Sentry Bank & Trust (28032) in Cheraw, SC.

06-20-2009Acquired Cooperative Bank (27837) in Wilmington, NC as part of a government assisted merger.

01-21-2011Acquired The Bank of Asheville (34516) in Asheville, NC as part of a government assisted merger.

09-04-2013Main Office moved to 300 S.w. Broad Street, Southern Pines, NC 28387.

04-22-2015Institution becomes member of the Federal Reserve System.

04-22-2015Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

04-22-2015Changed Primary Federal Regulatory Agency to Fed.

03-04-2017Acquired Carolina Bank (34348) in Greensboro, NC.

10-01-2017Acquired Asheville Savings Bank, S.s.b. (29663) in Asheville, NC.

06-30-2019Main Office moved to 205 S.e. Broad Street, Southern Pines, NC 28387.

10-16-2021Acquired Select Bank & Trust Company (35465) in Dunn, NC.

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