Banking & Finance

First Bank finalizes Select Bank acquisition with office move

By Savanah Ramsey, posted 4 years ago

This morning, First Bank finalized its acquisition of Select Bank & Trust by moving into what was Select Bank’s office at 2818 Raeford Road in Fayetteville. 

First Bank is adding 11 branches to its footprint and adding 1,300 employees to its offices. With the merger, First Bank has 120 locations throughout North and South Carolina with a $10.6 billion asset size.

“The conversion went well, as expected, after many months of preparation and practice by a dedicated team. We are really excited to have our new associates fully on board and the new branches in our network,” stated Mike Mayer, president and CEO of First Bank. “First Bank is the largest community bank in NC now, and we are ready and able to serve our current customers and our new customers from Select Bank. It’s an exciting time for us, and we are very proud of what we’ve accomplished.”

The culture of First Bank plays an important role in how the company handles business. Both banks have always made excellent service a priority, which is part of why the merge of brands was successful.

With similar values, both banks make great efforts to ensure that their teams stay intact and communicate well throughout the organization and with the customers.

Ico insights

INSIGHTS

SPONSORS' CONTENT
north-carolina-military-business-center tj-gilroy headshott

Doing Business with USSOCOM: A Strategic Opportunity for North Carolina Companies

TJ Gilroy - Business Development Professional, North Carolina Military Business Center
fayetteville-state-university dr-michelle-e-bates-lcsw headshott

Fayetteville State University embraces a new era of social work training

Dr. Michelle E. Bates, LCSW - Interim MSW Program Director/Assistant Professor, Fayetteville State University
fayetteville-state-university john-a-bellamy headshott

FSU expands cybersecurity training with high‑success certification training programs

John A. Bellamy - Executive Director and Operations Manager for CDHS, Fayetteville State University

In The Current Issue

Bearded soldier to brand manager: Chad Kraken's journey to building his business empire

The KRAKEN-SKULLS brand includes a barbershop, a tattoo shop, a T-shirt company, an embroidery company, a website design company, a media marketing and graphic design company and an auto shop. Photos by GFBJ.When Chad Kraken retired from the military


From agritourism to event spaces: How Fred and Anita Surgeon prioritize people in business

Fred Surgeon, with the support of his wife Anita, owns and operates Surgeon &Associates, Inc, a family of businesses with everything from agritourism, pestcontrol, cleaning services and behavioral health services. Photos provided by Fred Surgeon.


Award-winning acquisition: Coldwell Banker Advantage team celebrates nationwide awards with new leadership

Agents and leadership from Coldwell Banker Advantage and Coldwell Banker Sea Coast Advantage gathered to celebrate one of their own as she was recognized with two national achievements. A new C-Suite leader was also in attendance.