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First Bank Celebrates Elizabeth Bostian During Women’s History Month

Across The Carolinas 4 min read

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Headshot of Elizabeth BostianBeginning her career in a male-dominated industry, Elizabeth Bostian, First Bank’s Chief Financial Officer (CFO), has risen above gender stereotypes to pave a way for generations to come through her perseverance and high-standing achievements. With a major in English Studies and unable to define the purpose of an invoice, Bostian had much to learn about the industry she would soon enter.

During college, Elizabeth worked alongside a business manager, where she quickly developed a passion for law. Following her obtainment of a law degree, Bostian spent 5 years at a law firm in Greensboro before she began working for First Bank. During her tenure at the bank, she has worked to develop her capabilities to the fullest by embracing unfamiliar territory in a safe space. “First Bank has allowed me to feel safe enough to say ‘I don’t know’ or to ask questions” stated Bostian. With a determined mindset and secure environment, Elizabeth’s ability to safely fail at times granted her the ability to grow in the most unexpected ways.

As the third generation Elizabeth, Bostian always admired her mother and grandmother as they encouraged her to have a growth mindset and embrace the challenges ahead. Elizabeth noted the role her late grandmother played in her life by being a well-educated and traveled woman for her age as well as demonstrating the confidence and courage it takes to shape the life you aspire to have. Being raised by a single mother, Bostian was also aware of the obstacles faced by women and the deterrent effects of unconscious bias against those who wished to obtain a higher degree. Along with the equal expectations set in place for Elizabeth and her siblings, Bostian’s mother and grandmother built the foundation that drives her to advocate for gender equality.

Throughout her professional life, Bostian emphasized the importance of every woman that has come before her. Influenced by the women around her, she gained the knowledge of how to navigate male-dominated industries and developed strong relationships with those who valued her abilities and provided wisdom on how to elevate them to make a difference. As a result of her mentorship and self-discovery in the banking industry, she aspires to encourage women of the younger generation to step out of their safe zones and become comfortable in the uncomfortable. Bostian emphasized the significance of interrupting the need for women to play into the stereotypical role created by society in order to feel valued. As a businesswoman, Elizabeth was often told she needed to learn how to play golf and dress in a specific way to gain the respect of her male colleagues. Unlike men, women are more likely to become their own personal barrier for career advancement by shying away from a role when they do not have the full set of qualifications; therefore, Bostian strives to combat this barrier by reassuring women of their value and encouraging them to embrace what she states to be the key to success: self-awareness.

By acknowledging her strengths and becoming aware of her weaknesses, Elizabeth has written her own path to success. Today, she strives to foster an environment of inclusivity and highlight the need to establish a work-life balance for mothers in management positions. As a CFO and mother of two, Bostian understands first-hand the experiences female moms are facing during such a critical time, surrounded by the effects of Covid-19. Along with her career ambitions and family, Bostian is her happiest when she is active. She enjoys exercising with friends, exploring the outdoors, traveling, and reading. Through her out-of-the-office endeavors, Elizabeth has continued to learn about the obstacles facing women in the business sector and ways she can implement strategies and awareness within her personal and professional life.

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Your Community Bank If you live in North Carolina or South Carolina, you have a ton of banking options right outside your door. Large financial institutions may seem like your best option for banking services at first, but community banks typically offer more consumer-friendly services and fewer fees. Choose the Right Community Bank First Bank is your community bank that cares about local roots. Since 1935, we have been providing our customers with community-centric banking services, including: Personal banking options, such as checking accounts, savings accounts, debit and credit cards, personal loans, and more. Business banking options, like checking and savings accounts, business loans, merchant services, and treasury services. Wealth management services, like asset managements, mutual funds, and estate services. Insurance products, such as life and health insurance for individuals and commercial insurance for businesses. Mortgage loan options, including conventional, government, jumbo, first-time home buyer, and more. The Benefits of a Community Bank According to Bankrate.com there are many other advantages to choosing a community bank over a big bank. For example: Community banks are relationship-based, and the employees typically know you and your whole family on a personal level. Community banks are also smaller and can therefore offer personalized service. Community banks also typically offer lower fees and lower balance requirements than big banks. Being smaller allows community banks to have more lending flexibility than bigger banks Community banks tend to stick to their local roots, which means they strive to offer great services with low fees and give back to the community. First Bank is small enough to know you like a neighbor, large enough to handle all of your banking needs, and dedicated to supporting our local communities. To learn more about us and our banking services, visit your local First Bank branch today. ——— Sources: Bankrate: http://www.bankrate.com/banking/community-banks-vs-big-banks/ 2 min read