From First Bank, regarding the Downtown Market

Please be assured that First Bank entered the Asheville market with the acquisition of the Bank of Asheville with the express intent of becoming an integral part of the economy and community. First Bank, as a community bank leader in North Carolina, sees value in the Asheville area, the people, the businesses and the other institutions that surround our new locations.

I have received multiple contacts regarding the Downtown Market and have consistently stated that if First Bank is to become the owner, we will seek to steward the property and the tenants to the best of our ability.

The circumstances that led to and now necessitate the foreclosure are largely outside the control of First Bank. However, we take notice of the ample support of the Downtown Market in the Asheville area and would encourage the stakeholders to coalesce in an effort to create alternative solutions that allow us to meet federal requirements while assisting your collective goals. Toward that end, I am at your service.

— Jennifer Smith
First Bank

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