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

First Bank Named 2018 Community Bank of the Year


Pictured from left to right in the above photo: Travis Bailey (First Bank regional executive), David Foushee (First Bank regional executive), Patrick Woodie (NC Rural Center president), Dennis Tracz (NC Rural Center board of directors), Kimball Markham (owner of Markham Metals, Inc.), Grant Godwin (NC Rural Center board of directors), Dawn Morton (First Bank business development officer), Cranford Knott (First Bank city executive), Tom Wall (NC Rural Center LPP director), and John Manning (First Bank area executive).

Great news! First Bank was honored as the 2018 Community Bank of the Year at this year’s North Carolina Rural Assembly, held in Raleigh on November 15 and 16. Hosted annually by the NC Rural Center, the Rural Assembly is the state’s premier event focused on the big issues facing North Carolina’s rural communities.

The award recognizes First Bank’s successful participation in the Rural Center’s Loan Participation Program, a program that reduces loan risk by partnering with private lenders to fund small business startup and expansion throughout the state. The Community Bank of the Year award is given to a partner financial institution that is a leader in providing loan capital and delivering excellent customer service to small businesses in North Carolina.

“We are truly honored to be chosen as Community Bank of the Year,” said Michael Mayer, First Bank president and CEO. “More than ever, the success of small businesses is crucial to the health of local and state-wide economies. Working with the Rural Center allows us to further support those towns and communities and to help our clients achieve their dreams.”

First Bank was recognized during the Rural Center’s annual two-day convening, one of the state’s most highly anticipated events. Bank representatives accepted the award in front of a crowd of more than 400 attendees.

“First Bank understands the vital role of the community bank in supporting our state’s economic wellbeing,” said Rural Center President Patrick Woodie. “Institutions like First Bank are often the first source of support for getting small businesses off the ground, and the trusted partner to help them grow. We are grateful to work with partners like First Bank to help North Carolina’s small business community.”

As a leading participant in the Rural Center’s Loan Participation Program, First Bank has participated in 18 small business loans, supporting more than 340 jobs throughout North Carolina. Highlighted at the event was First Bank client and loan program participant Kimball Markham, owner of Markham Metals, Inc., which operates the Asheboro Recycling Center.

“With an approval from the NC Rural Center Loan Participation Program combined with help from Dawn Morton at First Bank, Asheboro Recycling Center is moving forward with new projects, equipment purchases, and adding additional labor,” said Markham. “I thank both First Bank and the NC Rural Center for working together on the right financial solutions that met our needs.”

Trending Topics

Best Small Business Bank – Albemarle, NC

If you’re looking for the best small business bank in Albemarle, NC—the search stops with First Bank. As a local bank, First Bank has a reputation for being an instrumental part of small businesses. Our...

Calculate your Balance Transfer

If your current credit card isn’t meeting all of your needs, consider switching to a First Bank credit card. First Bank now offers the option to transfer your balance from your current credit cards to a First Bank...

Workers’ Compensation Insurance 101

If you’re starting a business and are unsure of the purpose of workers’ compensation insurance or how to acquire it, then you’ve come to the right place. This kind of state-mandated insurance covers...

Savings Account with Competitive Interest Rates – High Point, NC

Whether you are a student looking to save for books and pizza, or an adult planning for retirement, First Bank can provide you with a savings account. Interest rates on all of our accounts can vary, but you can be sure...

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...

Raleigh Small Business Loans

Owning a new business or starting a new one in Raleigh is a bright venture, as it’s one of the fastest growing large metro economies in the country. Whether your business is a staple in the community or a budding...

What are 30-Year Mortgage Rates?

If you are thinking about buying a home, you may be asking the question, “What are 30-year mortgage rates?” There are many ways to figure out the current average 30-year mortgage rates, but the best way to find...

Personal Loan Rates – Salisbury NC

If you are looking for some of the best personal loan rates in Salisbury, NC, come to First Bank for small bank service with big bank options. Salisbury, North Carolina is rich in culture and history and has 10 National...

First Bank Southern Pines Review

A local bank can be the driving force behind the economy of a small community. With a population of under 14,000 residents and a strong economy—Southern Pines, North Carolina is backed by local banks like First Bank....

High Interest Savings Accounts: Save More – First Bank Jacksonville, NC

Thinking about saving for the future? Now is a great time to start. First Bank in Jacksonville, North Carolina has high interest savings account options for everyone, and we offer competitive rates and flexible terms on...