First Bank & Trust Names Phipps New VP – NMP Skip to main content

First Bank & Trust Names Phipps New VP

Aug 16, 2021

Will Help Va.-Based Bank Expand Agricultural Lending Into North Carolina

First Bank & Trust Co. has named Austin Phipps as a new vice president in Abingdon, Va.

Phipps joins both the agriculture and commercial lending divisions of the bank. While his office will be in Abingdon, he hails from Grayson County, Va., and his service area will expand into North Carolina.

As a native of southwest Virginia, Phipps is passionate about the success of agriculture in the region and wants to help better equip farmers throughout southwest Virginia and western North Carolina by meeting their financial needs. "Our region deserves the very best in financial support and in collaboration with First Bank & Trust, that is exactly what I am going to offer,” he said.

Senior Vice President & Agriculture Lending Division Supervisor Keith Phillips said the bank “has long recognized western North Carolina as a part of our region's agricultural footprint. Adding Austin to our team is going to allow us to better serve farmers in Watauga, Ashe and Avery Counties."

Phipps spent the last decade as a commercial lending officer for Skyline National Bank.

Before beginning his career in banking, Phipps received his bachelor's degree from Radford University. He currently attends the Virginia Bankers Association's School of Bank Management. Phipps is a board member of the Virginia Workforce Development Authority and has previously served on the advisory board for the Grayson County Sheriff's Department and the Grayson Carrol Virginia Tech Extension Agency. He and his wife, Carlie, have two daughters.

First Bank & Trust Co. is a diversified financial services firm with office locations throughout southwest Virginia and the New River and Shenandoah valleys of the state. It also operates locations throughout northeast Tennessee.

For more information, visit www.firstbank.com. 

About the author
David Krechevsky was an editor at NMP.
Published
Aug 16, 2021
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026
Newrez, eXp Realty Form Joint Venture To Target Purchase Business

Revenos Mortgage is set to launch in early 2027, replacing eXp's joint venture with Kind Lending

Oct 08, 2026
FICO Cuts 15% Of Workforce, Cites AI And Organizational Changes

Workforce reductions come amid wider lender adoption of VantageScore and changes to GSE credit-score pricing

Oct 07, 2026