First Bank names Bridget Welborn as chief risk officer

First Bank announced that Bridget Welborn joined the company in October as chief risk officer and head of legal. The appointment was disclosed in a press release from the Greensboro, North Carolina-based bank.

Welborn brings more than 15 years of experience in legal, risk, privacy, and regulatory compliance. She most recently served as senior counsel for banking, privacy and data security at Wyrick Robbins, where she advised financial institutions, fintechs, and insurers on privacy, data security, and regulatory matters.

Prior to that role, Welborn served as chief privacy and risk officer at State Employees' Credit Union, which the company described as the second-largest credit union in the United States with over $50 billion in assets. She also held senior leadership positions at First-Citizens Bank & Trust Company.

"Her strategic vision, deep expertise in risk management, and commitment to building strong legal and risk infrastructures will be invaluable as we continue to grow and innovate," said Adam Currie, CEO of First Bank.

Peter Seitz, First Bank's executive vice president of enterprise risk, will work with Welborn until his retirement at the end of January 2026, according to the press release.

Welborn earned her law degree from the University of Richmond and her bachelor's degree in public health for biostatistics from the University of North Carolina at Chapel Hill. She is licensed to practice law in North Carolina, Virginia, and New York.

First Bank is the banking subsidiary of First Bancorp (NASDAQ: FBNC) and operates 113 bank branches in North Carolina and South Carolina. The company reported total assets of approximately $12.8 billion.

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