Southern First Bank expands to greater Triad market

Art Seaver, CEO of Southern First Bank. Photo by Will Crooks.

Greenville-based Southern First Bank is expanding to the greater Triad market by opening a branch in Greensboro, N.C.

The bank plans to open a full-service retail office upon regulatory approval, according to a news release. Joe DePasquale, executive vice president and a veteran Triad market executive, will lead the expansion.

DePasquale has more than 30 years of banking experience in the Triad market, where he recently served as regional president of First Bank. He is a graduate of Appalachian State University and the ABA Stonier Graduate School of Banking.

Melissa Beane, senior vice president, and Justin Combs, senior vice president, will also join the Southern First leadership team in the Triad market.

Beane is a graduate of the North Carolina School of Banking in Chapel Hill and has over 30 years of banking experience in the Triad market, including commercial and business banking, retail banking, and private banking services. Combs is a graduate of North Carolina State University and has more than 16 years of banking experience in the Winston-Salem and Forsyth County market, according to a news release.

Southern First, the third-largest bank headquartered in South Carolina, operates in nine locations in Greenville, Columbia, and Charleston. The bank started doing business in North Carolina in 2016 when it opened an office in Raleigh.

Southern First Bancshares, the holding company for Southern First, has assets of $1.6 billion. Its common stock is traded in the NASDAQ Global Market under the symbol “SFST.” On Tuesday, April 17, Southern First shares were priced at $46.00 apiece.

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