First Carolina names Paul to board


From Contributed Reports

Monday, September 25, 2017

First Carolina Financial Services Inc. and First Carolina Bank recently announced the election and appointment of Charles “Chad” A. Paul III to their combined Board of Directors.

Paul has over 25 years of experience in the financial services industry, having served on several North Carolina state-chartered bank boards. Most notably, he was a director of VantageSouth Bancshares Inc. and a founding director and organizer of the legacy Port City Capital Bank in Wilmington. He brings tremendous regional and local banking knowledge and insight to the Bank’s team.

“We are very fortunate to have the opportunity to be associated with Chad and to learn from his significant industry experience,” said Ron Day, president and CEO. “The banking landscape is rapidly changing, and Chad brings an energy and enthusiasm for the business that perfectly matches our aspirations to become the top community bank in North Carolina.”

Paul is currently president and CEO of Bald Head Island Limited LLC. and is also managing partner of Harbor Island Partners LLC. He and his family are long-time residents of Wilmington.

First Carolina Bank is a full-service community bank headquartered in Rocky Mount. First Carolina Financial Services Inc. is the holding company for First Carolina Bank. The bank has three full-service offices in Rocky Mount, Raleigh and Reidsville and a loan production office at its newest location at Mayfaire in Wilmington. The bank has approximately $290 million in assets as of Aug. 31.