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First Bancorp (North Carolina)
300 Sw Broad Street
Phone: (910) 246-2500p:910 246-2500 SOUTHERN PINES, NC  28387  United States Ticker: FBNCFBNC
Business Summary
First Bancorp is a bank holding company. The principal activity of the Company is the ownership and operation of the First Bank (the Bank), a state-chartered bank with its main office in Southern Pines, North Carolina. The Bank has two wholly owned subsidiaries, Magnolia Financial, Inc. (Magnolia Financial) and First Troy SPE, LLC. Magnolia Financial is a business financing company that makes loans throughout the southeastern United States. The Bank maintains a diversified loan portfolio by providing a broad range of commercial and retail lending services to business entities and individuals. The Bank provides commercial business loans, commercial and residential real estate construction and mortgage loans, revolving lines of credit, letters of credit, and loans for personal uses, home improvement, and automobiles. The Bank offers a full range of deposit accounts and services to both retail and commercial customers. The Bank operates about 113 branches.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
Yes--Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202412/31/2024YesYes---

Industries
SIC Code Description
6022 State commercial banks
6029 Commercial banks, not elsewhere classified
6712 Offices of bank holding companies

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, Chief Executive Officer Richard H.Moore 64 2/2/2022 3/23/2010
President, Director Michael G.Mayer 65 2/7/2025 3/10/2014
Executive Vice President, Chief Financial Officer of the Company and First Bank Elizabeth B.Bostian 45 1/1/2022 12/12/2021
7 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
ASB Bancorp Inc 11 Church St ASHEVILLE NC United States
Premara Financial Inc. 13024 Ballantyne Corporate Place Charlotte NC United States
Carolina Premier Bank 6225 Blakeney Park Drive Charlotte NC United States
10 additional Subsidiary records available in full report.

Business Names
Business Name
ASB Bancorp Inc
ASHEVILLE SAVINGS BANK SSB
Carolina Bank Holding, Inc.
13 additional Business Names available in full report.

General Information
Number of Employees: 1,345 (As of 12/31/2024)
Outstanding Shares: 41,339,783 (As of 3/7/2025)
Shareholders: 3,490
Stock Exchange: NASD
Federal Tax Id: 561421916
Email Address: cfo@firstbancorp.com


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Tuesday, April 8, 2025