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First Bank
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Summary
location iconSouthern Pines, North Carolina
company sizeCompany size: 1001-5000
total assetsTotal Assets: $10B - $25B

First Bank is a state-chartered bank based in Southern Pines, North Carolina founded in 1934. First Bank offers personal and business banking services including personal loans, mortgages, auto loans, construction loans, business loans and financing, merchant services, credit cards, insurance services, wealth management, and other banking and financial services. First Bank serves customers with locations in North Carolina, South Carolina, Tennessee, and Georgia.

Categories
Commercial Banks
Investment Management
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First Bank - Recent News & Articles

20 banks that are sitting on huge potential securities losses—as was SVB

SVB Financial Group, decades-long focused on the venture capital industry, faced a perfect storm, but there are plenty of other banks that would face ...

Source: MarketWatch
The Fed has the proof it wants that inflation is slowing, but the next move is still up in the air

A week’s worth of inflation data showed that price pressures have eased substantially since their meteoric rise in 2021-22. Fed officials head into th...

Source: CNBC
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State Street Global Advisors and Apollo Global Management Join Forces to Increase and Broaden Investor Access to Private Markets

State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), announced today that it is working with Apollo Gl...

Ally Financial warns of 'intensifying' credit challenges, shares slump

Ally Financial's credit challenges have intensified over the current quarter as borrowers struggled with high inflation, the consumer lender's finance...

Source: Reuters
Vista and co-investors lose $4bn in Pluralsight restructuring

A group of private credit lenders led by Blue Owl Capital and Ares Management has agreed to take over troubled software company Pluralsight, wiping ou...

Private Credit Is Eyeing Bigger Margins on Loans: Credit Weekly

The turmoil in global markets this past week is causing private credit funds to question whether they should reconsider the ever-tighter loan margins ...

10-year Treasury yield rises above 4.5% following weak auction

Treasury yields moved higher Tuesday following a poor auction on the five-year note and as investors await fresh data releases on inflation. Yields pe...

Source: CNBC
As Growth Sputters, Beijing Tries Again to Jolt China’s Economy

China’s central bank took new steps to shore up the country’s sputtering economy, highlighting officials’ growing anxiety about growth only days after...

Source: MSN
Blue Owl is bidding hard for the private capital big leagues

Blue Owl has earned a high public market valuation. And the private capital upstart is showing that it is not afraid to use it. So far the manager has...

European credit group Hayfin Capital nears buyout deal

Sports investment group Arctos Partners is in advanced talks to buy a majority stake in European credit investment shop Hayfin Capital Management in t...