SOUTHERN PINES, N.C.,
Feb. 5, 2016 /PRNewswire/
-- First Bancorp (NASDAQ – FBNC), the parent company of First
Bank, added over 100 years of local banking experience overnight,
announcing that Joe DePasquale,
Todd Rangel, Melissa Beane and Justin
Combs have joined the bank as a new commercial lending and
financial services team. Joe
DePasquale will join the bank as a Regional President,
leading the new team of commercial business development officers
based in Greensboro, North
Carolina. "The addition of this exceptional team of bankers
continues First Bank's plans to increase its presence in the metro
markets of our region and provides a great foundation for growth in
the Triad," says Mike Mayer,
President of First Bank.
Joe DePasquale, a long-time
Guilford county resident, brings
over 30 years of experience to the First Bank Commercial Banking
team. He was previously a Regional Commercial Banking Executive at
CommunityOne and NewBridge Bank prior to joining First Bank. He
also held a Regional Banking Executive position with Southern
Community Bank and Trust. In his role as Regional President,
DePasquale will oversee First Bank's banking activities in the
Triad Region of North Carolina,
working to increase the bank's brand awareness and its commercial
banking presence across the Triad. He currently serves on the
Advisory Board at the ASU Walker
College of Business (School of Finance, Banking and
Insurance) and previously served as President and Treasurer for the
Sedgefield Country Club and as a member of the Crescent Rotary
Club. DePasquale received a Bachelor's degree in Marketing and
Finance from Appalachian State
University and is a graduate of the Stonier Graduate School
of Banking.
Todd Rangel, another long-time
resident of Greensboro, brings 30
years of banking experience to First Bank in his new role as a City
Executive. Todd has served in management and leadership positions
with institutions such as Bank of America, SunTrust Bank, First
Citizens, NewBridge Bank, and most recently CommunityOne. Rangel
will be responsible for driving the bank's commercial efforts in
the Greensboro market. Rangel
currently serves as the chairman of the Spears YMCA board; is a
member of the Metro YMCA board; serves on the board of trustees for
Triad Stage; is a member of the Summit Rotary Club; serves on the
Guilford County Schools
Superintendent's Advisory Board and is presently a member of the
Executive Leadership Team for the American Heart Association's
Guilford Heart Ball. Rangel is also
a past President of the Risk Management Association, Triad chapter;
and served for four years on the Greensboro Area Chamber of Commerce's
Ambassador Council. He is also a member of the Greensboro Sports
Council. Rangel received a Bachelor's degree in Economics from
Duke University.
Melissa Beane joins the First
Bank Commercial Banking team as a Vice President of Commercial
Banking. Beane has over 30 years of banking experience, including
commercial banking roles at CommunityOne and NewBridge Bank. She
will focus on developing commercial and small business clients in
the Greensboro metro market. Beane
stays active in her community as a member of the Crescent Rotary in
Greensboro. She attended
Randolph Community College and is a
2012 graduate of the North Carolina School of Banking at
Chapel Hill.
Justin Combs also joins the First
Bank Commercial Banking team as a Vice President of Commercial
Banking. Justin is a longtime resident of Forsyth County and was previously in
commercial banking management roles at CommunityOne, NewBridge
Bank, and Southern Community Bank and Trust. He will focus on
developing commercial banking clients in the greater Winston-Salem market. Combs is a member of the
Piedmont Triad Chapter of NAIOP and has participated in Habitat for
Humanity. He received a Bachelor's degree in Business
Administration with a concentration in Management and Finance from
the University of North Carolina at
Wilmington.
About First Bancorp
First Bancorp is a bank holding company headquartered in
Southern Pines, North Carolina
with total assets of approximately $3.4
billion. Its principal activity is the ownership and
operation of First Bank, a state-chartered community bank that
operates 88 branches, with 75 branches operating in North Carolina, six branches in South Carolina (Cheraw, Dillon, Florence, and Latta), and seven branches in Virginia (Abingdon, Blacksburg, Christiansburg, Fort Chiswell, Radford, Salem and Wytheville), where First Bank does business as
First Bank of Virginia. First Bank also has loan production
offices in Greenville and
Charlotte, North Carolina.
First Bancorp's common stock is traded on the NASDAQ Global Select
Market under the symbol "FBNC." First Bank Insurance
Services, a subsidiary of First Bank, has locations in Sanford, Southern
Pines, and Troy, North
Carolina.
Please visit our website at www.LocalFirstBank.com.
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934 and
the Private Securities Litigation Reform Act of 1995, which
statements are inherently subject to risks and uncertainties.
Forward-looking statements are statements that include projections,
predictions, expectations or beliefs about future events or results
or otherwise are not statements of historical fact. Such
statements are often characterized by the use of qualifying words
(and their derivatives) such as "expect," "believe," "estimate,"
"plan," "project," "anticipate," or other statements concerning
opinions or judgments of the Company and its management about
future events. Factors that could influence the accuracy of
such forward-looking statements include, but are not limited to,
the financial success or changing strategies of First Bancorp's
customers, First Bancorp's level of success in integrating
acquisitions, actions of government regulators, the level of market
interest rates, and general economic conditions. For
additional information about the factors that could affect the
matters discussed in this paragraph, see the "Risk Factors" section
of the First Bancorp's most recent annual report on Form 10-K
available at www.sec.gov. Forward-looking statements
speak only as of the date they are made, and First Bancorp
undertakes no obligation to update or revise forward-looking
statements. First Bancorp is also not responsible for changes
made to the press release by wire services, internet services or
other media.
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SOURCE First Bancorp