Local Bank in High Point, NC – First Bank

First Bank began as a local bank with a single branch located less than 50 miles from High Point, NC in 1935. Despite branching out to nearly 100 locations since, our local zeal remains firmly planted in our roots.

For a local bank, First Bank has a unique makeup. We’re small enough to know our customers like neighbors but comprehensive enough to satisfy your every financial need.

Some of First Bank’s services include:

Personal checking accounts. Choose from five types of checking accounts to suit your personal banking needs.
Personal savings accounts. Our three different savings accounts offer something for everyone.
Credit cards. Build rewards benefits while using your credit card for purchases.
Business banking. Get a loan, open a business checking or savings account or use our merchant processing and treasury services.
Loans. Take out a personal loan or home equity line of credit.
Insurance. Use First Bank to get insurance on homes (including rental), autos and other vehicles. First Bank also offers flood, valuables, life, health and business insurance.
Mortgages. Get traditional mortgage loans including government backed loans, loans for professionals, or building and construction loans.

Bank Local In High Point With First Bank

First Bank has a convenient location on North Main Street to serve you in High Point, NC. Our core values are to show that we care, take responsibility and give back to the community. These core values are reflected in our deep history as a local bank. If you’re looking for a local bank in High Point, NC that’s small enough to know you by name but big enough to meet all of your needs, visit First Bank today.

Investment and Insurance Products are NOT Bank Deposits, NOT FDIC-Insured, HAVE NO Bank Guarantee, NOT Insured by any Federal Government Agency, May Go Down in Value

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First Bank partners with Habitat for Humanity to promote housing affordability There’s no place like home for the holidays. The benefits of homeownership reach far beyond the financial investment and earned equity. Owning a home means long-term security and stability for individuals, families, and economies to thrive. This holiday season, we’re reflecting on our Power of Good commitment to Housing Affordability and our partnership with Habitat for Humanity. “Greater tax generation, creation of jobs, opportunities for economic development, increased job retention and productivity, and the ability to address inequality — all are among the economic benefits of increased access to quality, affordable housing.” – Habitat for Humanity What does housing-affordability mean? While many factors impact what affordable means to each buyer, housing policymakers generally use the 30% rule that states no more than 30% of your income should be spent on housing. In areas where the average home prices and rental rates exceed the 30% rule for the average citizen’s income, housing is deemed unaffordable and residents are considered to be housing cost-burdened. Nationwide, U.S. Census Bureau data shows that 40% of renters meet the definition of cost-burdened. Additionally, an October 2023 report from Redfin suggests that homebuyers must now earn a $115,000 annual salary to afford the median-priced U.S. home – that’s up more than 50% since the start of the COVID-19 pandemic. Housing affordability snapshot on the Carolinas As population growth continues to rise across North and South Carolina, it’s proving difficult to keep up with the increase in demand for housing. Many experts point to the combination of limited supply and growing demand for the sharp rise in housing costs. Cost-burdened households in North Carolina represent 45% of renters and 19% of homeowners while in South Carolina those numbers are 50% and 25% respectively. What are the impacts of cost-burdened households? Households that spend more than 30% of their budget on housing oftentimes experience a snowball effect on other areas of their budget. Many housing cost-burdened households experience food insecurity and are forced to make difficult decisions like choosing between paying a bill or seeking medical care. This also makes it difficult to save for emergencies in the future, and places more reliance on credit card spending. When these difficult circumstances at an individual level become compounded, the entire community’s wellbeing becomes marginalized. First Bank’s commitment to affordable housing As a First Bank client, you’ve made the decision to invest in your community. Our designation as a community bank means that we will always prioritize investing in the communities where we do business. Unlike banks who operate nationally or globally, First Bank is committed to the Carolinas. Banking with First Bank allows you to keep your hard-earned money within your community – where it can do the most good for your neighbors. Our First Bank Power of Good corporate citizenship program has made the following investments in affordable housing: 6 min read

Branch Spotlight: Combining Finance, Community Building, and Line Dancing in Florence, SC No team in banking understands the nuances of line dancing and banking quite like our Florence-Main branch. Join them for line dancing on Friday mornings! In March of 2023, we expanded our South Carolina footprint with the purchase of GrandSouth bank, adding 8 branches to the First Bank family. Our Florence-Main branch, operated by Paul Seward, Area Executive, and newly promoted City Executive, Ashley Christenbury, kicks off every Friday morning with some good old fashioned line dancing. You might think that line dancing and banking don’t have anything in common, but our team at the Florence-Main branch is here to prove you wrong. The choreography, methodical steps, camaraderie, and community-building aspects of line dancing have direct parallels with banking – and with First Bank specifically. Much like the choreography needed for a group to do the “Biker Shuffle” in unison, the moving parts needed to operate one of the nation’s most successful banks must work together seamlessly. First Bank’s mission combines financial safety and soundness with community trust and confidence. Throughout our organization’s 87-year history, we have seen recessions, depressions, and many banks come and go. Because of our commitment to being safe and sound and serving our customers, we have been awarded as a Number 1 Best-in-State Bank by Forbes, as an Annual KBW Bank Honor Roll Award winner, and one of the Top 10 best-performing public banks in the nation by S&P Global, along with many other accolades. The energy and teambuilding atmosphere cultivated at a line dance is hard to beat. As everyone works together, each dancer contributes to creating something larger than themselves. As the group grows in size and complexity, the more impressive the dance becomes. Similarly, banks that work together with their neighbors foster mutual growth, lasting impact, and impressive communities. An actively involved local bank can provide their neighbors with increased access to small business loans, mortgages, charitable donations, and overall financial wellness. When asked about her favorite part of working at First Bank, Ashley said, “First Bank’s commitment to the local communities we serve across our footprint is incredible. First Bank makes it a priority to support various initiatives on a corporate level and we are expected and encouraged to be involved 3 min read

Banks Near Me When you are trying to find banks near you, there are many options. With so many choices, it can be hard to be sure you’re choosing the right bank for you. At First Bank, we care about the needs of our customers. That is why our banking options are designed to meet the unique needs of our customers. First Bank’s first branch opened in Troy, North Carolina, where we were known for helping local businesses and farmers manage their finances throughout the 40s, 50s, and 60s. Today, we’re still known for our community values, and we serve businesses, families, and customers in North Carolina and South Carolina. There’s a First Bank Near You Chances are if you’re in one of the states we service, there’s a First Bank near you. And it offers a range of services from personal banking to wealth management. Some services we offer include: Personal checking accounts, savings accounts, and credit cards with benefits* Personal loans and lines of credit* Business checking accounts, savings accounts, debit cards, and group banking Business loans and credit cards* Merchant services like payment processing, reconciliation and reporting, and check collection Treasury services, such as payroll direct deposit and deposit services Wealth management services* Insurance for individuals and businesses We want to make the needs of our customers are met. Whether you need a savings account, a business loan, or auto insurance. We strive to be a bank near you that is worth more to you. The Best Banks Nearby Visit our website to discover more about First Bank. Our team of banking experts are ready to answer any questions you have about First Bank and the services we offer. *Investment and Insurance Products are NOT Bank Deposits, NOT FDIC-Insured, HAVE NO Bank Guarantee, NOT Insured by any Federal Government Agency, May Go Down in Value. Loans subject to credit approval. See our Terms and Conditions for complete details on our MasterCard® programs. ©2013 MasterCard. MasterCard, Debit MasterCard and the MasterCard brand marks are trademarks of MasterCard International Incorporated. ——— Sources: Investopedia: http://www.investopedia.com/terms/h/homeequityloan.asp Investopedia: http://www.investopedia.com/terms/l/lineofcredit.asp Investopedia: http://www.investopedia.com/terms/r/reconciliation.asp 2 min read

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Local Bank in High Point, NC – First Bank

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Some of First Bank’s services include:

Bank Local In High Point With First Bank

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