First Carolina Financial Services CFO to Retire
First Carolina Financial Services (FCBM) announced that Steven Deaton will retire from his roles as chief financial officer and chief risk officer of the company and its bank, effective January 1, 2027. The retirement is a standard executive transition with no immediate disruption expected in operations or leadership structure. Deaton has served in key strategic positions at FCBM for several years, contributing to the firm's financial strategy and risk management practices. His departure will likely prompt an internal search or external hiring process to identify his successor. The company emphasized that it is prepared for a smooth transition as part of its long-term leadership planning. The announcement comes amid ongoing market scrutiny on regional bank executives following recent volatility in the banking sector, though FCBM has not indicated any specific challenges related to Deaton's retirement.
Tickers: $FCBM
Topics: CFO change executive retirement