SOUTHERN PINES, N.C., March 5, 2018 /PRNewswire/ — First Bank will continue its expansion into Western North Carolina when it completes the transition of the former Asheville Savings Bank locations, accounts and systems to First Bank the weekend of March 16 to March 19. First Bancorp (FBNC), the parent company of First Bank, closed on its acquisition of Asheville Savings Bank in October 2017.
“Asheville Savings Bank and First Bank have a very like-minded focus when it comes to serving our communities and putting people first,” said Suzanne DeFerie, regional president for First Bank’s Western Region and the former president and CEO of Asheville Savings Bank. “First Bank has made this change as seamless as possible for both our employees and our customers, and I believe we will all benefit from being a part of the First Bank family.”
When the doors open the morning of Monday, March 19, First Bank, the largest community bank based in North Carolina, will add 13 branches in locations throughout Asheville, Black Mountain, Brevard, Candler, Fletcher, Hendersonville, Marion and Mars Hill, and all Asheville Savings Bank customers will become customers of First Bank. First Bank will be the third-largest bank based on market share in the Asheville area and will employ approximately 110 people throughout the region.
“We are excited about the final transition of Asheville Savings Bank to First Bank and to have this opportunity to expand our footprint in a rapidly growing and beautiful part of North Carolina,” said Richard Moore, CEO of First Bancorp. “We have tried to make this process as smooth as possible for our new customers and look forward to providing them with both our high-quality, local service as well as our state-of-the-art banking technologies.”
New customers to First Bank will enjoy the more than 100 locations across the Carolinas, from the mountains to the coast, as well as the suite of First Bank’s digital banking tools, including Cent, First Bank’s new peer-to-peer payment tool, and its nationwide ATM network.
For more information about the transition, Asheville Savings Bank customers can visit https://localfirstbank.com/ashevillesavingsbank. To learn more about First Bank, you can visit https://localfirstbank.com.
About First Bancorp
First Bancorp is the holding company for First Bank and is headquartered in Southern Pines, North Carolina, with total assets of approximately $5.4 billion. Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates 102 bank branches in North Carolina and South Carolina. Since 1935, First Bank has taken a tailored approach to banking, combining best-in-class financial solutions, helpful local expertise, and technology to manage a home or business. First Bancorp’s common stock is traded on the NASDAQ Global Select Market under the symbol “FBNC.” Visit our website at www.LocalFirstBank.com. Member FDIC, Equal Housing Lender
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