First Bancorp (FBNC) in Southern Pines, N.C., has hired a bank president.
The $3.2 billion-asset company said in a press release Tuesday that Michael Mayer had been the chief executive of 1st Financial Services in Hendersonville, N.C. First Citizens BancShares (FCNCA) in Raleigh, N.C., bought 1st Financial earlier this year.
Mayer succeeded Jerry Ocheltree, who left the company late last year. Ocheltree is now president and chief executive of Carolina Trust Bank (CART) in Lincolnton, N.C.
First Bancorp also said that Anna Hollers is retiring as its chief operating officer, though she will remain a consultant to the company following her retirement. Various senior managers at the bank will take over her responsibilities.