Banking on community: First Bank sells headquarters to Town of Southern Pines, remains committed to Moore County and invested in its growth

By Stephanie Meador, posted Jan 22, 2026 on BizFayetteville.com

The new First Bank headquarters is an existing branch located just down the street at 205 SE Broad Street. Photo provided by First Bank.

In August of 2025, the Town of Southern Pines announced plans to purchase the First Bank Corporate Office property at 300 SW Broad Street in downtown Southern Pines to serve as their new Town Hall. On Dec. 17, 2025, the Town officially closed on the purchase of its new Town Hall building, paying $6.4 million for the approximately 21,000-square-foot building.

First Bank President and CEO Adam Currie shared that the sale was a decision made to benefit both the Town of Southern Pines and the bank.

“The town approached us, and they had a couple of times, but then they approached us seriously. They were operating out of three or four buildings in downtown Southern Pines and really needed a big building. Ours was the only one there. As our business has evolved, that building was not full for us, and we honestly wanted to be a good corporate citizen. We felt like they could use the building. They really wanted it. We came to a price and decided to sell it to them,” explained Currie.

First Bank moved its headquarters from Troy to Southern Pines in 2013. They remain grounded in the community, with their new headquarters being an existing branch located just down the street at 205 SE Broad St.

“We are committed to Southern Pines and Moore County. We are not going anywhere. We’re literally going across the street. We own, [I] think, 10 pieces of real estate in Moore County, including three others on Broad Street. And then we’re leasing a new building right there on Broad Street. We’re going to turn it into a learning lab and fill it up with people. And then our existing branch on Broad Street will be our official corporate headquarters.”

The First Bank Learning Lab will be located at 650 Southwest Broad St. This space will serve as a hub for the bank to pull people in for leadership training and additional instruction to develop their associates. Currie shared that they plan to build learning centers across their footprint. In addition to the Southern Pines location, they are planning to put a learning lab in Greensboro, Charlotte and Greenville, S.C. The building housing the learning lab is 4,377 square feet, and the learning lab is currently under construction.

Over the past decade, Southern Pines has experienced a business boom. Currie and the rest of the First Bank team are eager to see what the future holds for the town.

“We’ve been, and I think still are, the only publicly traded company headquartered in Moore County and in Southern Pines. Obviously, there are other big businesses there too. The resort, FirstHealth, others, but it has been great to us, and we feel like we’ve been great to the community. That community has grown so much in the last 12 years, and we expect over the next decade, it’s going to continue to really grow. It has really evolved to be a business hub. You used to have a lot of tourism and a lot of retirees, and it has become a really vibrant business community since we moved our headquarters there. It’s served us great. And we feel like we’ve served the town great as well. It’s been a great relationship,” shared Currie.

First Bank has also seen tremendous growth, mirroring the trajectory of the town.

“Our bank has been on a real growth trajectory, and we think that’s going to continue. I am really excited about the future potential of our company. We’ve done, to this point, a really nice job of continuing our mindset as a true community bank, but really growing into what we are now which is one of the 100 largest publicly traded banks in America. It’s been quite a ride. I have been at the company about 10 years, and watching my teammates grow this thing over the last decade has been really special,” remarked Currie.

Looking ahead, Currie shared that the bank is focused on remaining dedicated to its local community while also navigating new technological advances and demands for digital services.

“We have some customers that either only bank with their phone or only bank in person, but the vast majority of our customers now demand us to be excellent in everything. They want that great service when they’re in person, they want to be able to call somebody, and then they also want the convenience of our mobile app or digital experience, to be able to do their banking there. It’s really interesting to think about, and interesting to think about too as we look forward. I think most people assumed 10, 15, 20 years ago that people would only move to digital banking. And what we have found is it’s ‘and’ not ‘either or,’” shared Currie.

Committed to staying independent, serving the Carolinas and supporting customers, First Bank is situated to continue providing topnotch services to its clients across its footprint.

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