Banking & Finance

First Bank finalizes Select Bank acquisition with office move

By Savanah Ramsey, posted 2 months 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.

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