FIRST BANK'S OUT OF THIS WORLD EDUCATOR AWARDS IS BACK - NOMINATIONS OPEN

Rhea-AI Summary

First Bank (FBNC) honors 'Out of this World Educators' in the Carolinas, with nominations open for outstanding educators to receive $5,000 each. The awards are part of the Power of Good program, doubling its giving goal to $1,000,000 in 2023 and focusing on education, food scarcity, affordable housing, and health and financial education and wellness.

Positive

• First Bank doubling its giving goal in 2023 to $1,000,000 shows a strong commitment to philanthropy and community support.
• The awards for outstanding educators highlight the bank's dedication to education, a critical pillar of community development.

Negative

• The press release lacks specific data on the impact of the Power of Good program in the community, making it difficult to assess the effectiveness of the initiatives.
• There is no mention of the financial performance of First Bank or how the increased giving goal may affect its bottom line.

SOUTHERN PINES, N.C., Aug. 1, 2023 /PRNewswire/ -- For the second year First Bank is honoring "Out of this World Educators" in the Carolinas. Nominations are now open and anyone can nominate an outstanding educator they feel should be honored. The winners selected will receive $5,000 each and will be celebrated in a ceremony on October 12, 2023 in Southern Pines, NC.

Nominations can include individuals that focus on educating any age ranges and/or subjects, can be from any part of North or South Carolina, show outstanding character as an educator, and can be nominated by anyone. In 2022 we received over 400 nominations from co-workers, family members, students, parents of students, administrators, and many more. Corey Dall, Director of Marketing for First Bank said of the awards, "This is our way of honoring those amazing educators who are often not seen or celebrated widely. There are some amazing people out there dedicating their lives to the education of others and we want to play a small part in making their lives better."

The educator awards are in conjunction with various other initiatives under the umbrella of the Power of Good, First Bank's corporate citizenship program. The Power of Good helps guide the Bank's philanthropic activities including donations and volunteerism. In 2023 the bank has doubled its giving goal from 2022, now $1,000,000, and is focusing on several pillars of need in the community: education, food scarcity, affordable housing and home ownership, and health and financial education and wellness. All nominations will be reviewed and then voted on by a panel of First Bank associates as well as community stakeholders. For official information about the grant application and process please visit https://localfirstbank.com/out-of-this-world-educators-awards/

About us:
First Bank is the banking subsidiary of First Bancorp and is headquartered in Southern Pines, North Carolina, with total assets of approximately $12.4 billion. As a state-chartered community bank, First Bank operates 118 bank branches in North Carolina and South Carolina. Since 1935, First Bank has taken a tailored approach to banking, combining best-in-class financial solutions, helpful local expertise, and technology to manage a home or business. First Bancorp's common stock is traded on the NASDAQ Global Select Market under the symbol "FBNC." Visit our website at www.LocalFirstBank.com. Member FDIC, Equal Housing Lender.

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SOURCE First Bank

FAQ

How can educators be nominated for the 'Out of this World Educators' awards at First Bank (FBNC)?

Educators can be nominated by anyone for the awards by submitting their names and reasons for nomination through the official channels provided by First Bank.

What is the giving goal of First Bank (FBNC) for its Power of Good program in 2023?

First Bank has doubled its giving goal to $1,000,000 in 2023 as part of its Power of Good program, focusing on education, food scarcity, affordable housing, and health and financial education and wellness.

Who reviews and votes on the nominations for the 'Out of this World Educators' awards at First Bank (FBNC)?

A panel of First Bank associates and community stakeholders reviews and votes on the nominations to select the winners for the awards.