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The First Bancorp, Inc. (FNLC)

NASDAQ Global Select - NASDAQ Global Select Delayed Price. Currency in USD
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The First Bancorp, Inc.

223 Main Street
Damariscotta, ME 04543
United States
207-563-3195
http://www.thefirstbancorp.com

SectorFinancial
IndustryRegional - Northeast Banks
Full Time Employees218

Key Executives

NameTitlePayExercisedAge
Mr. Tony C. McKimChief Exec. Officer, Pres & Director632.9kN/A50
Mr. F. Stephen WardCFO, EVP & Treasurer352.52kN/A63
Mr. Charles A. WoottonExec. VP & Clerk334.44kN/A60
Mr. Richard M. ElderExec. VP of First National Bank and Treasurer of First National Bank248.45kN/A51
Ms. Susan A. NortonChief Admin. Officer of First National Bank and Exec. VP of First National Bank289.08kN/A56
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

The First Bancorp, Inc. operates as the holding company for First National Bank that provides a range of banking products and services to individual and corporate customers in coastal and eastern Maine. The company offers various deposit products, such as demand, checking, NOW, saving, money market, and certificates of deposit accounts. It also provides loan products, including commercial real estate, commercial construction, and other commercial loans; municipal loans for capitalized expenditures, construction projects, or tax-anticipation notes; residential term loans comprising amortizing home mortgages and construction loans, which include loans for owner-occupied residential construction; home equity loans and lines of credit; and consumer loans, which are amortizing loans to individuals collateralized by automobiles, pleasure crafts, and recreation vehicles, as well as unsecured short-term time notes. In addition, the company offers private banking, financial planning, investment management, and trust services to individuals, businesses, non-profit organizations, and municipalities. It operates through 16 full-service banking offices in Lincoln, Knox, Hancock, Washington, and Penobscot counties. The company was formerly known as First National Lincoln Corporation and changed its name to The First Bancorp, Inc. in April 2008. The First Bancorp, Inc. was founded in 1864 and is headquartered in Damariscotta, Maine.

Corporate Governance

The First Bancorp, Inc.’s ISS Governance QualityScore as of August 1, 2017 is 4. The pillar scores are Audit: 5; Board: 6; Shareholder Rights: 2; Compensation: 6.

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.