First Bank will be moving its administrative headquarters to Moore County.
Richard Moore, president and chief executive office of the bank’s parent company, First Bancorp, yesterday convened a meeting with employees in Troy in which he revealed that 15 of the bank’s top-level administrators will be relocating to a Southern Pines office building acquired last week.
Sources said Moore told employees the bank will keep its data services and operations departments in Troy. Operations and customer services are based in the Burnette St. building that also houses the James Garner Center. Data services are located on Hwy. 109 at Burnette St., and the bank last week began a renovation project on the facade of that building.
First Bank got its start in Troy in the 1930s as Bank of Montgomery. The name was changed in the early 1980s, and the bank now operates nearly 100 branches in North Carolina, South Carolina and Virginia.
The new offices will be in a space formerly occupied by Hobbs, Upchurch and Associates on S.W. Broad St. in downtown Southern Pines. A timetable for the move was not immediately available.