First Bancorp Strengthens Leadership with New Board Appointments

First Bancorp Strengthens its Leadership Team

On April 28, 2026, First Bancorp, the parent company of First Bank, announced the immediate addition of two influential leaders, Kate Nevin and Peter Hans, to its Board of Directors. This strategic move underscores the company's commitment to robust governance and diverse leadership aimed at fostering growth and innovation.

Richard Moore, the Chief Executive Officer of First Bancorp, expressed confidence in the new appointments, noting that they would greatly enhance the boards' effectiveness. “Kate's extensive experience in investment management and Peter's leadership in education and public policy will be invaluable assets as we continue to support our communities and grow as a company,” said Moore.

Kate Nevin: A Leader in Investment Management
Kate Nevin brings over two decades of expertise in alternative investment strategies to her new position. As President of TSWII Capital Advisors and a Portfolio Manager for TSWII LP and TSWS LP, Nevin is an advocate for values-aligned investing and actively promotes the importance of increasing capital access for women-led and diverse businesses. Her engagement goes beyond mere investment; she actively participates in multiple limited partner advisory committees and nonprofit boards, reflecting her dedication to impactful investing. Nevin holds a Bachelor of Arts from the University of North Carolina at Chapel Hill and has completed executive training at the Darden School of Business, University of Virginia. She is also recognized as a Diversity Leadership Fellow at Furman University.

Peter Hans: A Visionary in Education
Alongside Nevin, Peter Hans is appointed to the board, bringing with him a wealth of experience in higher education. As President of the University of North Carolina System since 2020, Hans has championed affordable education, aiming to reduce student debt while increasing graduation rates. His previous roles include leadership of the North Carolina Community College System and serving as a senior policy advisor at both state and federal levels. Hans holds degrees from the University of North Carolina at Chapel Hill and a Master of Liberal Arts from Harvard University, positioning him well to influence the educational landscape that First Bancorp is a part of.

A Stronger, More Diverse Board Room
The inclusion of Nevin and Hans signifies First Bancorp's deliberate strategy to gather varied perspectives that will guide its long-term objectives and community engagement. The leadership believes that diverse viewpoints not only enhance decision-making but also align with their core values and mission to serve effectively.

As a bank holding company located in Southern Pines, North Carolina, First Bancorp administers First Bank, a state-chartered community bank with a notable asset base exceeding $12.9 billion. With a longstanding tradition dating back to 1935, First Bank operates 113 branches across North Carolina and South Carolina, offering tailored banking solutions supported by local expertise and advanced technology.

The company's core focus remains on delivering exceptional service, whether through personal financial solutions or supporting small businesses with SBA loans via its national lending network.

In conclusion, the appointments of Kate Nevin and Peter Hans are exciting developments for First Bancorp, indicating a forward-thinking approach as it embraces an even stronger governance structure. Investors and community members alike can be optimistic about the future, as the company continues to innovate and advocate for inclusivity in its practices. For further information or updates, First Bancorp encourages visits to their official website at www.LocalFirstBank.com.