First Bank is One of the Top 100 Fastest-Growing Companies in the World
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Coming in at number 49 on the list and included among the top newcomers, First Bank was chosen based on its three-year growth rates in revenue, earnings per share, and total stock return. The image above was from Times Square in New York City as we celebrated the news.
Mike Mayer, First Bank’s President and CEO has this to say about making the list:
We are pleased to see First Bank recognized by Fortune as one of the world’s fastest growing companies. First Bank has grown its overall asset size from $3.4 billion to $6.0 billion in the last 3 years and has become the fourth largest bank headquartered in North Carolina. We intend to foster more growth with continued investments in products and technology, while also further strengthening community partnerships across the Carolinas that encourage economic development and improve the lives of our customers—raising all boats with the tide. That’s what it means to be a community bank.
This accolade for First Bank comes just after it was recognized by Forbes as one of the Best In-State Banks for 2019. First Bank was also selected by WalletHub as 2019 Best Bank Accounts for Small Businesses – Rewards, as well as the 2018 Community Bank of the Year by the North Carolina Rural Center.
We’re proud of these accomplishments, but even more, we’re honored to have the opportunity to serve our clients and to support the many towns and cities across the Carolinas. When you’re ready to grow your business, buy a home, learn about setting a budget, or start saving, we’re here for you.
