First Bank CEO Adam Currie elected to Richmond Fed board

Adam Currie, president and chief executive officer of First Bank, has been elected as a Class A director of the Federal Reserve Bank of Richmond for the 2025-2027 term, according to a company statement.

Currie was appointed president of First Bank in November 2023 and became CEO in February 2025. He previously served as chief banking officer, overseeing retail banking, commercial banking and community markets. He holds a bachelor's degree in economics from the University of North Carolina at Chapel Hill and graduated from the Graduate School of Banking at Louisiana State University.

The Richmond Fed's board includes business and community leaders from the Fifth Federal Reserve District, which comprises 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 said. "This role presents a valuable opportunity to contribute to the economic vitality of our region while bringing the perspective of regional banking to important policy discussions."

As a Class A director, Currie will provide insight into regional economic conditions and banking industry needs to support the Federal Reserve's mission in the Fifth District.

First Bank is the banking subsidiary of First Bancorp (NASDAQ: FBNC) and operates 113 branches in North Carolina and South Carolina. The company reported total assets of approximately $12.7 billion and has been in operation since 1935.

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