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First Bancorp (FBNC)


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30.82-0.12 (-0.39%)
At close: 4:00PM EDT

30.81 -0.01 (-0.02%)
After hours: 4:33PM EDT

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First Bancorp

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

SectorFinancial
IndustryRegional - Mid-Atlantic Banks
Full Time Employees806

Key Executives

NameTitlePayExercisedAge
Mr. Richard Hancock MooreChief Exec. Officer, Director and Director of First Bank970.82kN/A56
Mr. Michael G. MayerPres, Director, CEO of First Bank, Pres of First Bank and Director of First Bank515.57kN/A57
Mr. Eric P. CredleCFO, Exec. VP, CFO of First Bank and Exec. VP of First Bank384.67kN/A48
Ms. Elizabeth B. BostianExec. VP and Sec.N/AN/AN/A
Ms. Elsie M. AlvarezSr. VP of First BankN/AN/AN/A
Amounts are as of December 31, 2016 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 certificates of deposits and individual retirement accounts. The company also offers loans for a range of consumer and commercial purposes comprising loans for business, agriculture, real estate, personal uses, home improvement, and automobiles. In addition, it provides credit and debit cards, letters of credit, 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 December 31, 2016, it operated 88 branches, including 82 branches in North Carolina and 6 branches in South Carolina. The company was founded in 1934 and is headquartered in Southern Pines, North Carolina. First Bancorp is a subsidiary of Thomas H. Lee Partners, L.P.

Corporate Governance

First Bancorp’s ISS Governance QualityScore as of July 1, 2017 is 4. The pillar scores are Audit: 2; Board: 7; Shareholder Rights: 3; Compensation: 5.

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.