FBNC - First Bank Scores Big for Local Youth: Donates $26600 to the Hurricanes Foundation Following Thrilling Season Partnership

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May, 13 2025 05:11 PM
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PR Newswire

First Bank recently made headlines with its significant contribution of $26,600 to the Carolina Hurricanes Foundation, a donation that stemmed from a successful partnership during the thrilling 2024-2025 hockey season. The bank pledged to donate $100 for each goal scored by the Hurricanes, resulting in this generous total, which was announced at a playoff game at the Lenovo Center.

This collaboration allowed First Bank to engage deeply with the vibrant “Caniac Nation,” fostering a sense of community through various events and fan interactions, including popular tee shirt tosses at games. Adam Currie, CEO and President of First Bank, expressed enthusiasm about the partnership, noting how the team's success translated into meaningful support for the Foundation's initiatives aimed at benefiting local youth.

The Carolina Hurricanes Foundation is dedicated to enhancing youth hockey programs, educational opportunities, and assisting families in need across North Carolina. Amy Daniels, Executive Director of the Foundation, highlighted the impact of First Bank’s contribution, stating that it would significantly benefit young people in the community.

As the Hurricanes continue their playoff journey, First Bank’s donation symbolizes its commitment to making a positive difference in the lives of local youth. The initiative not only strengthens ties between the bank and the community but also underscores the importance of corporate responsibility in supporting local causes. The partnership showcases how sports can foster community engagement and support meaningful initiatives, making the hockey season impactful both on and off the ice. For more information on the programs supported by the Foundation, interested individuals can visit the Carolina Hurricanes’ community page.

MWN AI Analysis *

First Bank's recently announced donation of $26,600 to the Carolina Hurricanes Foundation marks an important milestone in corporate social responsibility and community engagement. The financial institution’s initiative, where it pledged $100 for every goal scored by the Hurricanes, not only reflects its commitment to the community but also capitalizes on the passionate fanbase surrounding the team.

As First Bank continues to foster these vital partnerships, investors should monitor how such strategic maneuvers influence brand perception and customer loyalty. Aligning with local sports teams, particularly in vibrant markets like Raleigh, NC, can significantly enhance a bank's visibility and attract new customers, particularly the millennial demographic that is increasingly concerned with corporate social responsibility. This demographic is drawn to brands that demonstrate a genuine connection to their community and social causes, as evidenced by First Bank’s enthusiastic involvement in the “Caniac Nation.”

The impact of such donations on First Bank's financial performance could be multifaceted. While direct financial returns from community contributions may not be immediately quantifiable, investments in community goodwill may lead to increased deposits, improved cross-selling opportunities, and enhanced customer retention. Furthermore, positive public relations from their partnership with the Hurricanes could attract media attention, leading to new business opportunities.

Investors may want to evaluate how First Bank shares its community involvement outcomes. Transparency regarding the effectiveness of such initiatives can bolster investor confidence. In light of the bank's sustained growth—it has approximately $12.2 billion in assets—its proactive community involvement positions it well for future expansion, particularly within North Carolina and South Carolina.

In summary, First Bank’s philanthropic decisions, such as its donation to the Hurricanes Foundation, should be regarded as a positive indicator of its long-term strategy in building strong community ties, potentially ushering in increased profitability and stability.

* MWN AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

PR Newswire

RALEIGH, N.C. , May 13, 2025 /PRNewswire/ -- First Bank is thrilled to announce a successful and impactful partnership with the Carolina Hurricanes Foundation for the 2024-2025 season! For every exhilarating goal scored by the Canes throughout their action-packed season, First Bank pledged $100 to the Foundation.

The final buzzer has sounded on the regular season, and thanks to the Hurricanes' electrifying performance, including a well-deserved playoff berth that is currently underway ( Go Canes !), First Bank is proud to donate a total of $26,600 to the Carolina Hurricanes Foundation. The check was presented at the playoff game Monday night at Lenovo Center.

You can view the full presentation HERE

This collaboration immersed First Bank in the passionate "Caniac Nation," as representatives and customers joined fellow fans at home games. The lively First Bank tee shirt tosses amplified the excitement.

"We were incredibly excited to partner with the Hurricanes Foundation this season. The energy of the games and the dedication of the fans were infectious, and we're even more thrilled that the team's success on the ice translates into a significant contribution to such a worthy cause. Go Canes !" said Adam Currie , CEO and President of First Bank.

The Carolina Hurricanes Foundation is dedicated to supporting youth hockey programs, providing educational opportunities, and assisting families in need across North Carolina . First Bank's donation will directly support their ongoing efforts to make a positive impact in the community.

"We are deeply grateful for First Bank's generous support this season. Their unique 'Power of Good Goals' initiative was a fantastic way to engage fans and raise vital funds for our community. This donation will make a real difference in the lives of young people across the state," said Amy Daniels , Executive Director of the Carolina Hurricanes Foundation.

As the Hurricanes continue their playoff journey, First Bank extends its enthusiastic support and looks forward to a potentially unforgettable end to the season. This partnership underscores First Bank's commitment to the communities it serves, both on and off the ice.

For more information on the Carolina Hurricanes Foundation and its programs, please visit https://www.nhl.com/hurricanes/community/foundation and to learn more about First Bank's Power of Good visit https://localfirstbank.com/about-us/corporate-citizenship/ .

About First Bank:

First Bank is the banking subsidiary of First Bancorp and is headquartered in Southern Pines, North Carolina , with total assets of approximately $12.2 billion . As a state-chartered community bank, First Bank operates 113 bank branches in North Carolina and South Carolina and a nationwide SBA platform. 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.

About the Carolina Hurricanes Foundation

As the charitable arm of the Carolina Hurricanes, the Foundation takes pride in being a part of the community both on and off the ice. The Foundation strives to be an agent of change by meeting the health and educational needs of underserved populations in the community where we work, live, and play. For more information on the Foundation, please click here .

About the Carolina Hurricanes

The Carolina Hurricanes were established in Raleigh in 1997 after relocating from Connecticut , where the National Hockey League franchise was originally founded in 1979. Since their arrival in North Carolina , the Hurricanes have captured six division championships, two Eastern Conference titles and the 2006 Stanley Cup championship. The team also hosted the 2004 NHL Draft and the 2011 NHL All-Star Weekend at Lenovo Center, as well as the 2023 NHL Stadium Series at Carter-Finley Stadium. For information about Hurricanes ticket packages, please visit www.CarolinaHurricanes.com/tickets , or call 1-866-NHL-CANES (1-866-645-2263).

SOURCE First Bank

MWN AI FAQ **

How does the partnership between First Bank and the Carolina Hurricanes Foundation align with First Bancorp FBNC's broader community engagement strategy?

The partnership between First Bank and the Carolina Hurricanes Foundation aligns with First Bancorp FBNC's broader community engagement strategy by fostering local support and emphasizing community development through shared initiatives and philanthropic efforts in the regions they serve.

What key metrics did First Bank use to evaluate the impact of their donation to the Hurricanes Foundation on local youth programs?

First Bank evaluated the impact of their donation to the Hurricanes Foundation on local youth programs using key metrics such as program participation rates, youth engagement levels, feedback from participants, and measurable outcomes in skill development and community involvement.

Can you elaborate on the long-term goals of First Bank's "Power of Good Goals" initiative and how it relates to First Bancorp FBNC's commitment to community support?

First Bank's "Power of Good Goals" initiative aims to foster sustainable community development through financial empowerment and support, aligning with First Bancorp FBNC's commitment to enhancing the well-being of the communities it serves while driving long-term economic growth.

In what ways does First Bank plan to continue its support for the Carolina Hurricanes Foundation beyond the current season, and how might that affect First Bancorp FBNC’s reputation in the community?

First Bank plans to deepen its support for the Carolina Hurricanes Foundation through expanded sponsorships and community initiatives, which could enhance First Bancorp FBNC's reputation as a committed local partner and strengthen community ties.

** MWN AI Questions are based on asking OpenAI to ask and answer four questions about this news release.

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FBNC - First Bank Scores Big for Local Youth: Donates $26600 to the Hurricanes Foundation Following Thrilling Season Partnership

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