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The First Bancorp (NASDAQ:FBNC), Inc. (NASDAQ: FNLC), a regional banking institution with a market capitalization of $292 million, announced today the promotion of two senior staff members to its Executive Management Team.
Jody Brown has been elevated to the role of Executive Vice President, Chief Risk Officer, while Marcia Benner has been appointed as Executive Vice President, Chief Administrative Officer. According to InvestingPro, the company has demonstrated strong dividend consistency, maintaining payments for 27 consecutive years.
Brown, who has been with First National Bank since 2002 and most recently held the position of Senior Vice President, Senior Credit Officer, brings a wealth of experience to her new role.
A University of Maine Orono graduate with a concentration in Accounting, Brown maintains her CPA designation and completed her banking education at the New England School of Banking in 2005. The appointment comes as First Bancorp maintains a "FAIR" overall financial health score on InvestingPro, with particularly strong marks in profitability metrics.
Benner joined First National Bank in 2021, serving as Senior Vice President, Human Resources Officer. Her previous 19-year tenure at Damariscotta Bank and Trust, along with her Master of Science in Organizational Leadership from Southern New Hampshire University and certifications in Human Resources, position her well for her new responsibilities. She is also a Senior Certified Professional, SHRM-SCP, and a graduate of The New England School for Financial Studies (2018).
These strategic promotions follow the retirement of Susan A. Norton, which took place on February 14, 2025, as previously announced on July 17, 2024. Norton’s departure marked a significant transition within First Bancorp’s leadership structure.
First National Bank operates 18 offices across Lincoln, Knox, Waldo, Hancock, Washington, and Penobscot Counties, offering an array of banking services to the community. For further information about First National Bank, customers can call 1-800-564-3195 or visit the bank’s website.
In other recent news, First Bancorp, the parent company of First National Bank, has seen significant changes in its executive team. The company announced the appointment of Christopher J. Austin as the new Clerk of the Company, following the retirement of the former Clerk, Susan A. Norton. Prior to this appointment, Austin had been serving as the Executive Vice President and Chief Legal Counsel for First National Bank since 2024.
These transitions are part of First Bancorp’s ongoing management changes, as detailed in a recent 8-K filing with the Securities and Exchange Commission. The company emphasized that these changes represent standard corporate governance practices and are part of the natural succession planning within First Bancorp.
Before joining First National Bank, Austin had a 26-year tenure at Rudman Winchell, a law firm in Bangor, Maine, where he specialized in real estate, commercial lending, and corporate law. Tony C. McKim, President and CEO of First National Bank and The First Bancorp, expressed enthusiasm about Austin’s addition to the team, citing his extensive experience and knowledge as valuable assets.
These recent developments highlight the company’s efforts to strengthen its executive team and position itself for continued success. As these changes in leadership roles often attract market interest, investors will likely continue to monitor the company closely.
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