Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Back
Scroll to top

Business Spotlight: Archdale Drug

3 min read

Ready to talk to an expert?

Ryan Hoskins, owner of Archdale Drug, had always wanted to run his own small business. He tells us his story of how he started Archdale Drug and what local business means to the community.

Ryan: This is a big passion for me. This is what I’ve always wanted since I was 18 years old. This is what I wanted to do, was run my own small business.

Ryan: But I also wanted to help people as much as I could.

Ryan: When I first graduated from Chapel Hill, I went to work for another Pharmacist, and he taught me everything I needed to know. In 1999, my mentor decided to sell his pharmacy, and so, therefore, I had to make a decision then; do I want to go to work for a chain drugstore, or do I want to open up my own store?

Ryan: I mean, it was just me, my wife, my 1-year old child. I was 28 years old, I had been working for five years as a Pharmacist, but I had nothing really saved up to start a business with.

Ryan: I had zero money, I had nothing to start with other than just knowledge of how to run a pharmacy.  I went around everywhere asking for money.

Ryan: I asked about every bank in the community for money. And, fortunately for me, Steve Foley with First Bank in Archdale was a customer of mine, and he said, “I think we can do something for you.”

Ryan: The first year and a half, I worked 70 hours a week. I worried every night about paying the bills.

Ryan: That one loan from First Bank to start our business changed everything. It got the ball rolling.

Ryan: I could focus on my job and doing what I do best.

Ryan: And the next thing you know, a few years down the road, we’re opening up a second location and a third location.

Ryan: We are like a family. Literally, there are some of my family members that do work for me; my mother, my father, my brother.

Jenny Hoskins: I was a customer in the pharmacy, and Brian waited on me, and it just sort of went from there.

Ryan: We had something special but I never knew it was going to evolve into our relationship and our business at the same time.

Ryan: I think the people of Archdale and the people of High Point want to support the local business, and I think that makes it important for us to support them as well.

Ryan: It would make me very proud if one of my children or all three of them came back and did something within the business.

Ryan: I had my own passion, I did my thing. It’s up to them now, to find their passion.

Ryan: If this is it, that’s great. I think every small town needs small business.

Ryan: That’s what makes the town feel like they’re alive together.

Ready to talk to an expert?

Share:
First Bank’s Good To Know Logo
Sign up for our newsletter and be the first to know about new tips, insights, and products from First Bank.
First Bank may use this email address to contact you about products, services, and promotions.

You may be interested in...

Checking Account Comparison – South Carolina With over 75 banks located in the state of South Carolina, checking account comparison can be overwhelming. If you live in South Carolina and are looking at opening a checking account, consider stopping in at First Bank. First Bank Checking Account Options First Bank aims to make the process of comparing checking accounts as easy as possible. That is why we offer five different checking accounts, ranging from basic accounts for individuals to specialized accounts for college students and senior citizens. Everywhere Checking Free online and mobile banking, free online bill pay, and free eStatements or paper statements.* Earn rewards when you use your eligible First Bank credit card*** Everywhere Plus Includes all the great features and benefits of Everywhere Checking Earn interest at a minimal balance requirement. Everywhere Premium Includes all the same benefits and features of Everywhere Plus Free member checks or 50% off other check designs 4 free official checks per statement cycle Unlimited out-of-network ATM transactions with no First Bank fee Campus Checking For students under 25 Includes all the benefits of Everywhere Checking No monthly maintenance fees Senior Checking Monthly direct deposit of $250 a month can qualify Seniors (55+) for no monthly maintenance fees**** Includes all the benefits of Everywhere Checking Free basic checks or 50% off other check designs You can also use the checking account comparison chart on our website to find the best checking account for you. Visit First Bank Today Call or visit the First Bank location nearest you. We can help with checking account comparisons and show you why First Bank is the best bank in South Carolina to open a checking account. *While First Bank does not charge for mobile banking, your mobile carrier’s message and data rates may apply. ***Loans subject to credit approval. See our Terms and Conditions for complete details on our One Rewards Program. MasterCard, Debit MasterCard and the MasterCard brand marks are trademarks of MasterCard International Incorporated. ****Direct deposit defined as external ACH credit. Transfers from other First Bank accounts or deposits made at a branch do not apply. ——— Sources: Investopedia: http://www.investopedia.com/terms/d/directdeposit.asp Investopedia: http://www.investopedia.com/terms/m/minimum-balance.asp 2 min read
Bank Accounts for North Carolina Businesses If you’re running a business, you want to make sure your finances are in good order. First Bank* offers North Carolina businesses the bank accounts and merchant services tools needed for success. Financial Services at First Bank First Bank is headquartered in North Carolina and boasts over 80 locations across the Tar Heel State. We got our start in the town of Troy, NC, back in 1935. With an array of business bank accounts and other services, we make it our business to help yours. First Bank has multiple business checking options and business savings accounts. A First Bank account was named one of the “Best Bank Accounts for Small Businesses” in 2019. North Carolina businesses utilize First Bank merchant services for operations including online payments, payroll direct deposit, and more. Put your business in the hands of First Bank can increase efficiency, satisfy customers, streamline operations and elevate your bottom line. Start by comparing our business bank account offerings, and contact your nearest First Bank location for more information. First Bank’s Business Bank Accounts Not all businesses are alike, nor are all business bank accounts. At First Bank, we are proud to offer multiple types of business checking and savings accounts so every company can find the financial foundation it needs. Business Checking Accounts in North Carolina Business Essentials If you are self-employed or own a small business, a Business Essentials account may be right for you. This basic account was named one of the “Best Bank Accounts for Small Businesses” by WalletHub in 2019. Business Interest Why not get a little more out of your business earnings? Our Business Interest account offers all of the same features as the basic Business Essentials, while also allowing you to accrue interest on your account. Business Advantage If your business processes a higher volume of transactions, the Business Advantage account might be a good fit for you.  Commercial Analysis Larger organizations need more financial resources and that’s where our Commercial Analysis account comes in. In addition to the basic features of Business Essentials, you’ll also have access to custom programs for your large business needs and can offset service fees with a monthly credit that is earned on your balance. Business Savings Accounts in 12 min read
Best Bank to Open a Checking Account Are you looking to open a checking account but are having trouble finding the right bank? You shouldn’t have to settle for a bank that doesn’t meet all of your needs. First Bank focuses on the needs of all of our customers, and we strive to be the best bank for you. Open a checking account with us, and our team of experts will help you choose the option that works best for your financial needs. Checking Account Options at First Bank Whether you need a personal checking account or an account for your business, First Bank is the best bank to open a checking account. With multiple options and plenty of benefits, we make your banking experience easier and your financial goals more attainable. Personal Banking We offer three types of personal checking accounts that range from basic to premium. The Everywhere Checking account is our most basic account and features benefits such as access to free online and mobile banking and credit cards with rewards. With the Everywhere Plus account you receive all of the benefits of Everywhere Checking, plus the chance to earn interest at a minimal balance requirement. Our Everywhere Premium account gives you all the basics of Everywhere Plus, but includes perks like no First Bank transaction fees on out-of-network ATM withdrawals. We also have two account options designed with college students and seniors in mind. Our Campus Checking account provides students under the age of 25 with no monthly maintenance fees as long as certain requirements are met. Seniors who use direct deposit may qualify for no monthly maintenance fees and other benefits with our Senior Checking account. Banking for Businesses Whether you are a seasoned business owner or just starting out, we have checking account options designed with your needs in mind. Find a Local Branch Near You Our easy and convenient banking options make First Bank the best bank to open a checking account. Click here to find a local branch near you.  Account holders may avoid the Monthly Maintenance Fee by meeting any of the requirements listed in the Keep it Fee FreeTM section of the account summary table for their account type. Other account service fees may apply as described in 3 min read