First Bank's CEO Adam Currie Elected Director of the Federal Reserve Bank of Richmond

Currie brings over 20 years of financial services expertise to his new role on the Richmond Fed's Board of Directors.

Published on Feb. 13, 2026

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First Bank announced that its President and CEO, Adam Currie, has been elected as a Class A Director of the Federal Reserve Bank of Richmond. Currie's appointment is part of the 2025-2027 term for the Richmond Fed's Board of Directors, which includes business and community leaders from across the Fifth Federal Reserve District.

Why it matters

Currie's election to the Richmond Fed's Board of Directors provides a valuable opportunity for First Bank to contribute to important policy discussions and support the Federal Reserve's mission of fostering economic stability and strength across the Fifth District, which includes North Carolina, South Carolina, Virginia, Washington, D.C., Maryland, and most of West Virginia.

The details

As a Class A Director, Currie will help provide insight into regional economic conditions and the needs of the banking industry. Prior to becoming CEO in 2025, Currie served as First Bank's Chief Banking Officer, overseeing retail banking, commercial banking, and community markets. He brings over 20 years of financial services expertise to his new role.

  • Currie was appointed President of First Bank in November 2023.
  • Currie was appointed Chief Executive Officer of First Bank in February 2025.
  • Currie's appointment to the Richmond Fed's Board of Directors is for the 2025-2027 term.

The players

Adam Currie

President and CEO of First Bank, who has been elected as a Class A Director of the Federal Reserve Bank of Richmond.

First Bank

The banking subsidiary of First Bancorp, headquartered in Southern Pines, North Carolina, with total assets of approximately $12.7 billion. First Bank operates 113 bank branches in North Carolina and South Carolina.

Federal Reserve Bank of Richmond

One of the 12 regional Federal Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the central banking system of the United States.

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What they’re saying

“I am honored to serve as a Director of the Federal Reserve Bank of Richmond. This role presents a valuable opportunity to contribute to the economic vitality of our region while bringing the perspective of regional banking to important policy discussions. I look forward to working alongside my fellow directors to support the Federal Reserve's mission and serve the Fifth District.”

— Adam Currie, CEO, First Bank (PRNewswire)

What’s next

Currie's appointment to the Richmond Fed's Board of Directors is for a 2025-2027 term, during which he will provide insight into regional economic conditions and the needs of the banking industry to support the Federal Reserve's mission.

The takeaway

First Bank's CEO Adam Currie's election to the Federal Reserve Bank of Richmond's Board of Directors underscores the important role that regional banks and their leadership play in shaping economic policy and supporting the Federal Reserve's efforts to foster financial stability and economic growth across the Fifth District.