SOUTHERN
PINES, N.C., June 15,
2023 /PRNewswire/ -- The Board of Directors of First
Bancorp (NASDAQ: FBNC) (the "Company"), the parent company of First
Bank, has declared a cash dividend on its common stock of
$0.22 per share payable on
July 25, 2023 to shareholders of
record as of June 30, 2023.
Richard Moore, Chief Executive
Officer of First Bancorp, stated, "We are pleased to continue to
provide our shareholders with a return on their investments with
this cash dividend on our common stock. The Company's capital
is strong and our dividend remains an important part of the value
we offer our shareholders."
First Bancorp is a bank holding company headquartered in
Southern Pines, North Carolina,
with total assets of approximately $12
billion. Its principal activity is the ownership and
operation of First Bank, a state-chartered community bank that
operates 118 branches in North
Carolina and South Carolina. First Bank also provides
SBA loans to customers through its nationwide network of lenders -
for more information on First Bank's SBA lending capabilities,
please visit www.firstbanksba.com. First Bancorp's common
stock is traded on the NASDAQ Global Select Market under the symbol
"FBNC." Please visit our website at
www.LocalFirstBank.com.
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SOURCE First Bancorp