First Bancorp Appoints Two New Directors as $12.9B Bank Expands Governance
First Bancorp appointed Kate Nevin, CAIA and president of TSWII Capital Advisors, and Peter Hans, University of North Carolina System president since 2020, to its board effective April 28, 2026. The $12.9 billion bank operates 113 branches across North Carolina and South Carolina and aims to strengthen governance for strategic growth.
1. Board Appointments
First Bancorp appointed Kate Nevin and Peter Hans to its Board of Directors effective April 28, 2026, expanding its governance team to guide strategic objectives and oversight.
2. Background of Kate Nevin
Kate Nevin, CAIA and president of TSWII Capital Advisors, brings more than 20 years of experience in alternative investment strategies, values-aligned capital allocation and advocacy for women-led and diverse firms.
3. Background of Peter Hans
Peter Hans has served as president of the University of North Carolina System since 2020, focusing on low tuition, reduced student debt and higher graduation rates; he previously led the North Carolina Community College System and worked as a senior policy advisor.
4. Governance and Growth Prospects
These board additions enhance oversight for the $12.9 billion bank operating 113 branches, positioning First Bancorp to advance long-term growth, community banking initiatives and strategic objectives.