First Bank Appoints Will Aiken to Spearhead Specialty Business Expansion Strategy

Will Aiken Takes the Helm at First Bank

First Bank has recently made a significant move by appointing Will Aiken as the new Managing Director for Specialty Businesses. This appointment is part of the bank's strategy to strengthen and expand its specialized business segments, which include key areas like CarBucks, SBA, Bankcard, Syndications, and Asset-Based Lending. The addition of Aiken is seen as a pivotal step in enhancing shareholder value and fostering long-term growth across these specialized portfolios.

With over 20 years of experience in the banking sector, Aiken brings a wealth of knowledge, particularly in credit, risk management, and specialty lending. His robust background equips him well for this critical role, which will be headquartered in Greenville, South Carolina. Adam Currie, the CEO of First Bank, expressed enthusiasm about Aiken's addition to the team, highlighting that his extensive industry experience and leadership capabilities are vital for the ongoing expansion of the bank's specialized offerings.

"We are thrilled to welcome Will to First Bank," Currie stated. "His diverse expertise across credit, risk, and specialty lending aligns perfectly with our vision of sustainable growth while delivering exceptional value to our customers."

Prior to joining First Bank, Aiken held significant roles, including Chief Risk Officer at Southern First Bank and Chief Commercial Credit Officer at South State Bank. His journey through the banking landscape has honed his capabilities in managing complex risk scenarios and developing innovative solutions tailored to meet client needs. Aiken articulated his vision for First Bank, stating, "This bank stands out for its ability to marry specialized expertise with a relationship-focused approach. There is a clear path ahead for these businesses, and I am eager to contribute to their growth."

The appointment underscores First Bank's ongoing commitment to enhancing its capabilities in areas that resonate with customer demands, allowing them to nurture their growth and achieve their financial goals. As a community-focused institution, serving both North and South Carolina, First Bank has maintained a tailored approach to banking since its inception in 1935. The bank, a subsidiary of First Bancorp, operates a network of 113 branches, offering personalized financial services designed to help customers realize their aspirations. With total assets nearing $12.7 billion, First Bancorp continues to be a formidable player within the regional banking landscape, with its common stock traded on the NASDAQ Global Select Market under the symbol "FBNC."

As Will Aiken takes on his responsibilities, the banking community is keenly observing how his insights and strategic direction will further enhance the bank's specialty sectors. His leadership is anticipated to drive innovative solutions that will not only bolster customer relationships but also contribute to the overall stability and growth of First Bank's specialized operations.

In a rapidly evolving financial environment, First Bank remains committed to offering best-in-class services while staying attuned to the unique needs of its clients. With leaders like Aiken at the helm, there is optimism about the future direction of the bank and its role in the communities it serves.