Adam Currie, CEO of First Bank, Joins Federal Reserve Board as Director

Adam Currie, CEO of First Bank, Elected as Director of the Richmond Fed

First Bank has announced that Adam Currie, the current President and CEO, has been selected to serve as a Class A Director of the Federal Reserve Bank of Richmond. This prestigious appointment is effective for the term spanning from 2025 to 2027 and underscores Currie's extensive experience in the financial sector.

Adam Currie brings over 20 years of expertise in financial services to his new role. He stepped into the position of President in November 2023, and later became the Chief Executive Officer in February 2025. Currie's background includes serving as the Chief Banking Officer at First Bank, where he was responsible for overseeing retail and commercial banking operations, as well as community outreach.

He holds a Bachelor of Arts degree in Economics from the University of North Carolina at Chapel Hill and has further refined his knowledge through the Graduate School of Banking at Louisiana State University. This educational foundation equips him with a profound understanding of both regional and national economic dynamics.

In his role as Class A Director of the Richmond Fed, Currie's primary focus will be to provide valuable insights regarding regional economic conditions and the varying needs of the banking industry. His election comes alongside other business and community leaders from the Fifth Federal Reserve District, which comprises regions in North Carolina, South Carolina, Virginia, Washington, D.C., Maryland, and most of West Virginia.

"I am honored to serve as a Director of the Federal Reserve Bank of Richmond," Currie stated. He emphasized that this position offers a unique opportunity to enhance the economic vitality of the region. Furthermore, he aims to utilize his experience in banking to inform crucial policy discussions that affect the local economy.

The Federal Reserve's mission is to promote a stable economic environment throughout its districts, and part of Currie's responsibilities will include supporting this mission through effective governance and regional focus. He will collaborate closely with fellow directors to address the overarching goal of fostering economic stability across the Fifth District.

First Bank operates as a state-chartered community-focused bank, with its headquarters located in Southern Pines, North Carolina. The bank boasts around $12.7 billion in total assets and consists of 113 branches across North and South Carolina. Since its inception in 1935, First Bank has prioritized a personalized approach to banking, delivering exceptional financial services tailored to meet the unique needs of its customers.

In addition to his duties with the Federal Reserve, Currie's leadership at First Bank signifies the institution's commitment to community engagement and financial stewardship. As the bank continues to grow, it reaffirms its dedication to providing best-in-class financial solutions backed by local expertise. Currie's election is a testament not only to his individual capabilities but also to the strong foundation that First Bank has built in the region.

For more information on First Bank and its services, visit LocalFirstBank.com. First Bank is a proud member of FDIC and an Equal Housing Lender.