First Carolina Bank
First Carolina Bank offers a wide range of banking products and services for both businesses and individuals, with a strong focus on community involvement and financial literacy education. Headquartered in Rocky Mount, NC, the bank has additional branches across the Southeast and is recognized for its asset quality and growth.
Business Deposit Products
First Carolina Bank offers a variety of business deposit products, including checking, savings, and money market accounts. They also provide IOLTA accounts and certificates of deposit, catering to a wide range of business banking needs.
Commercial Financing
First Carolina Bank provides several commercial financing options, such as commercial real estate loans, credit cards, and lines of credit. These services are designed to support businesses in their growth and expansion efforts.
Personal Deposit Products
Personal deposit products at First Carolina Bank include checking, savings, money market accounts, CDs, and IRAs. These products help individuals manage their finances effectively, offering flexibility and security.
Consumer Loans
First Carolina Bank offers various consumer loans, including home mortgage lending, home equity lines of credit, construction-permanent loans, land loans, and non-real estate secured loans. These products cater to the diverse borrowing needs of individuals.
Wealth Management Services
Through First Carolina Wealth, the bank offers comprehensive wealth management services. These include investment management, personal and business planning, asset protection, tax management, and retirement planning. The bank partners with Capital Investment Companies for asset management and support functions.
Online and Mobile Banking
First Carolina Bank provides online banking and bill pay services for both personal and business accounts. Their mobile banking services include mobile deposits, bill pay, and account management features, providing customers with convenient and secure ways to manage their finances.
Treasury Management
The bank's treasury management services help businesses maximize cash flow, expedite receipts, manage payments, and mitigate risks. These services support efficient financial operations for businesses.
Community Involvement
First Carolina Bank has a strong focus on community involvement, partnering with local non-profit organizations and providing financial literacy education. Their Financial Literacy Committee collaborates with the American Bankers Association and state-specific associations to promote financial literacy.
Locations
First Carolina Bank is headquartered in Rocky Mount, NC, with additional branches in Atlanta, GA; Cary, NC; Columbia, SC; Greenville, SC; Raleigh, NC; Reidsville, NC; Wilmington, NC; and Virginia Beach, VA. This network of branches allows them to serve a wide geographic area.
Industry Rankings
First Carolina Bank has received notable industry rankings. They were rated in the top 1% in asset quality and the top 10% in tangible common equity/total assets and efficiency ratio for banks nationwide as of May 2023. Additionally, they were rated as the fastest organically growing bank in the US over the 5-year period ending in December 2020 and ranked no. 31 out of the top 100 US community banks with less than $3 billion in assets by S&P Global Market Intelligence in 2021.