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First Bancorp (FBNC)

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38.29+0.20 (+0.53%)
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First Bancorp

300 SW Broad Street
Southern Pines, NC 28387
United States
910 246 2500
http://localfirstbank.com

Sector(s)Financial Services
IndustryBanks—Regional
Full Time Employees1,071

Key Executives

NameTitlePayExercisedYear Born
Mr. Richard Hancock MooreCEO & Director578.07kN/A1961
Mr. Michael G. MayerPres & Director828.62kN/A1961
Mr. Eric P. CredleExec. VP & CFO458.92kN/A1968
Ms. Elizabeth B. BostianExec. VP, Gen. Counsel & Sec.N/AN/AN/A
Amounts are as of December 31, 2020 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts. The company also offers loans for a range of consumer and commercial purposes comprising loans for business, real estate, personal, home improvement, and automobiles, as well as residential mortgages and small business administration loans. In addition, it provides credit and debit cards, letter of credits, and safe deposit box rental services, as well as electronic funds transfer services consisting of wire transfers; and internet and mobile banking, cash management, bank-by-phone services, and remote deposit capture services. Further, the company offers investment and insurance products, such as mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans, as well as property and casualty insurance products; and financial planning services. As of January 27, 2021, it operated 101 branches in North Carolina and South Carolina. The company was founded in 1934 and is headquartered in Southern Pines, North Carolina.

Corporate Governance

First Bancorp’s ISS Governance QualityScore as of July 1, 2021 is 2. The pillar scores are Audit: 7; Board: 2; Shareholder Rights: 2; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.