First Bank
FDIC #15019
📍 Southern Pines, North Carolina
First Bank is a commercial bank, state charter and fed member, supervised by the federal reserve (frb). established in 01/01/1934. With assets of $11.98 Billion, it operates 116 domestic branches.
Customer Reviews
5 ★
Based on 1 ratings
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★★★★★ Binji Bartes
June 08, 2023
God help you if you ever need help from First Bank. I had [-] identity stolen and a fraudulent credit card at First Bank. Working with [-]/LifeLock we contacted [-] bank and spoke to [-]. After given her all [-] information, she refused to look up if there was account [-] and close it. She refused to help us at all and told us to contact [-] police. All [-] other Financial Institutions help up. They closed [-] account and completed Fraud reports.<br />
Community Reinvestment Act (CRA) Rating
Latest Exam: February 11, 2019
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
February 11, 2019
Satisfactory
December 14, 2015
Satisfactory
March 1, 2014
Satisfactory
💰 Financial Strength
Total Assets$11.98 Billion
Total Deposits$10.24 Billion
Equity Capital$1.36 Billion
Net Income$80.27 Million
📈 Performance
ROA0.91%
ROE8.14%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1934
FDIC Cert15019
Holding CoFirst Bcorp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeMarch 21, 2023
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2023
Merger / Acquisition
Acquired: Grandsouth Bank
2021
Merger / Acquisition
Acquired: Select Bank & Trust Company
2021
Relocation
Moved HQ to: 205 S.E. Broad Street, Southern Pines, NC 28387.
2017
Merger / Acquisition
Acquired: Asheville Savings Bank, S.s.b.
2017
Merger / Acquisition
Acquired: Carolina Bank
📍 Branch Locations (116)
211 Asheville-reynolds Branch
5 Olde Eastwood Village Blvd
Asheville, North Carolina 28803
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5 Olde Eastwood Village Blvd
Asheville, North Carolina 28803
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