First Carolina Bank in Rocky Mount, N.C., has hired an executive from Pinnacle Financial Partners to oversee its fintech strategy.
The $2.1 billion-asset bank said in a press release that it had named Pat Pritchard to serve as managing director of fintech and digital banking.
First Carolina said Pritchard’s initial focus will be on the core deposit relationship it just created with BM Technologies. Under that agreement, the bank will handle deposits for BankMobile’s higher education business.
Pritchard previously served as a banking operations manager at Pinnacle, according to his LinkedIn profile. He was a senior operations officer at BNC Bancorp when it was sold to Pinnacle in 2017.
Pritchard also served in a variety of roles at RBC Bank over 16 years.
“Pat is a seasoned player/coach with broad operations, sales, strategy, technology and regulatory experience in banking,” Ron Day, First Carolina’s president and CEO, said in the release. “He is uniquely qualified to lead the approach we are taking initially with the BMTX deposit partnership and to then complete the foundation we will need to extend our digital capabilities over time.”