First Bancorp Elevates G. Adam Currie to New CEO Role at First Bank

First Bancorp Announces New Chief Executive Officer

On February 6, 2025, First Bancorp (NASDAQ - FBNC), the parent organization of First Bank, revealed a pivotal change in leadership with the promotion of G. Adam Currie to the position of Chief Executive Officer (CEO). This transition marks the next chapter in the bank’s 90-year legacy, as Currie takes over the reins from Michael G. Mayer, who will continue to serve as President of First Bancorp until early 2026.

Richard H. Moore, Chairman of the Board of Directors of First Bancorp, described this leadership change as the culmination of a well-planned succession strategy that has been several years in the making. Moore expressed his confidence in Currie’s capabilities by stating, "He has demonstrated his astute knowledge of our business and industry and has been instrumental in positioning First Bank for another 90 years of success."

Adam Currie has been with First Bank since November 2023, having previously held the title of Chief Banking Officer and Regional President. His involvement with the bank dates back to 2015, when he was brought on board to help expand First Bank’s operations into Charlotte. His impressive career trajectory includes significant roles as Managing Director at PNC Capital Markets and Chief Operating Officer at RBC Bank.

Currie's extensive experience within the banking sector has positioned him as a crucial figure in driving First Bank’s success across various regions. He remarked, "I am honored to assume the role of CEO at First Bank and grateful to lead a company committed to serving our customers, shareholders, communities, and each other. As we look to the future, First Bank is poised to thrive thanks to the hard work and insight of Mike Mayer over the last eleven years as CEO. I look forward to continuing the Bank's legacy and guiding this company into its next period of growth."

In addition to Currie's appointment, the company announced an amended employment agreement reflecting Mayer's new responsibilities and the establishment of a new agreement for Christian Wilson, who will serve as Chief Operating Officer starting February 7, 2025.

Headquartered in Southern Pines, North Carolina, First Bancorp is recognized as a community banking institution with approximately $12.2 billion in assets. First Bank operates 113 branches across North Carolina and South Carolina, along with providing SBA loans through its broad network of lenders. The bank is committed to community-oriented service, a hallmark of its philosophy since inception.

Currie, originally from Charlotte, NC, holds a Bachelor of Arts degree in Economics from the University of North Carolina at Chapel Hill and graduated from the Graduate School of Banking program at Louisiana State University. As he ascends to the CEO role, Currie’s vision for the bank includes maintaining its dedication to customer service, continuing its growth trajectory, and fostering an inclusive approach within its operational strategy.

First Bancorp’s stock is traded on the NASDAQ Global Select Market under the symbol "FBNC." For more information about First Bank’s offerings, visit www.LocalFirstBank.com.