First Bancorp Announces Management Team Changes

SOUTHERN PINES, N.C., — First Bancorp (NASDAQ – FBNC), the parent company of First Bank, announced today changes in the management team of the Company and the Bank.  Adam Currie will become Chief Banking Officer of First Bank; Elizabeth B. Bostian will become General Counsel and Chief Financial Officer of the Company; and Blaise Buczkowski, Chief Administrative Officer, will continue in…

Read More

First Bancorp Receives Regulatory Approval for Acquisition of Select Bancorp, Inc.

SOUTHERN PINES, N.C., — First Bancorp (NASDAQ: FBNC), the parent company of First Bank, reports that it has received all required regulatory approvals to acquire Select Bancorp, Inc. (“Select”), the parent company of Select Bank & Trust Company (“Select Bank”). Shareholders for each company have previously approved the transaction and the merger of Select into…

Read More

For Third Year In A Row, First Bank Recognized As Best-In-State Bank

SOUTHERN PINES, N.C., — First Bank, North Carolina’s largest community bank, has been recognized by Forbes as a Best-In-State Bank in North Carolina for the third year in a row, and this year, it is the only bank in North Carolina to get the award. According to Forbes, banks were scored based on “… an independent survey of more than 25,000 U.S.…

Read More

First Bancorp Announces Cash Dividend

SOUTHERN PINES, N.C., The Board of Directors of First Bancorp (NASDAQ – FBNC), the parent company of First Bank, has declared a cash dividend on its common stock of $0.20 per share payable on July 25, 2021 to shareholders of record as of June 30, 2021.  The $0.20 dividend rate represents an 11.1% increase over the dividend rate of $0.18 paid in the comparable period…

Read More

First Bancorp to Acquire Select Bancorp, Inc.

SOUTHERN PINES, N.C. and DUNN, N.C.,- First Bancorp (Nasdaq: FBNC), the parent company of First Bank, and Select Bancorp, Inc. (“Select”) (Nasdaq: SLCT), the parent company of Select Bank and Trust Company (“Select Bank”), announced today the signing of a definitive merger agreement under which First Bancorp will acquire Select in an all-stock transaction with a total current value…

Read More

First Bancorp Announces Cash Dividend Increase

SOUTHERN PINES, N.C., March 15, 2021 /PRNewswire/ — The Board of Directors of First Bancorp (NASDAQ – FBNC), the parent company of First Bank, has declared a cash dividend on its common stock of $0.20 per share payable on April 25, 2021 to shareholders of record as of March 31, 2021.  The $0.20 dividend rate represents an 11.1% increase over the previous dividend rate…

Read More

First Bank Launches New Corporate Social Responsibility Program: The Power Of Good

SOUTHERN PINES, N.C., First Bank, North Carolina’s largest community bank, has created a new corporate social responsibility program its calling the Power of Good. The Power of Good will launch with two initiatives: the first kicks off on March 19, in celebration of the International Day of Happiness on March 20. That Friday, every First Bank employee (including those of…

Read More

First Bank Reports Fourth Quarter and Annual Results

SOUTHERN PINES, N.C., — First Bancorp (NASDAQ – FBNC), the parent company of First Bank, announced today net income of $23.6 million, or $0.83 per diluted common share, for the three months ended December 31, 2020 compared to $20.9 million, or $0.71 per diluted common share, recorded in the fourth quarter of 2019.   For the year ended December 31, 2020, the Company recorded net…

Read More

First Bank Makes $55,000 In Donations To Support Children, Fight Hunger

SOUTHERN PINES, N.C, First Bank , North Carolina’s largest community bank, made a number of donations this week to charities within its footprint. These include: NourishNC: to support the construction of a new, larger facility that will increase access to and efficiency of its many programs, as well as provide additional storage for fresh and nonperishable…

Read More

First Bank Announces Cash Dividend

SOUTHERN PINES, N.C., The Board of Directors of First Bancorp (NASDAQ – FBNC), the parent company of First Bank, has declared a cash dividend on its common stock of $0.18 per share payable on January 25, 2021 to shareholders of record as of December 31, 2020.  The $0.18 dividend rate is the same rate that was paid in the previous quarter. First Bancorp…

Read More