LAKEWOOD, Colo., May 09, 2024 (GLOBE NEWSWIRE) -- FirstBank, one of the nation's largest privately held banks with a focus on "banking for good," announced its 2024 first-quarter summary on the company's holdings and activities. At the end of March, the bank reported the following quarter-over-quarter results: Net income through the first quarter of 2024 was $49.9 million Total deposits increased by 1.2% to $24.6 billion Net loan balance increased by 0.6% to $16.3 billion Total assets decreased by 2.5% to $27.5 billion In the first quarter of 2024, Jim Reuter announced his retirement as CEO but will continue to serve on FirstBank's Board of Directors. The Board elected FirstBank President Kevin Classen as the incoming CEO, Kelly Kaminskas was appointed Chief Operating Officer and Adam Sands was named