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The First Bancorp, Inc. (FNLC)

22.40 -0.34 (-1.50%)
At close: 4:00 PM EDT
22.40 0.00 (0.00%)
After hours: 4:20 PM EDT

Key Executives

Amounts are as of December 31, 2023 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.
NameTitlePayExercisedYear Born
Mr. Tony C. McKim President, CEO & Director 1.02M -- 1967
Mr. Richard M. Elder Executive VP, CFO & Treasurer 380.31k -- 1965
Ms. Susan A. Norton Executive VP & Clerk 396.08k -- 1960

The First Bancorp, Inc.

223 Main Street
P. O. Box 940
Damariscotta, ME 04543
United States
207 563 3195 https://www.thefirst.com
Industry: 
Banks - Regional
Full Time Employees: 
271

Description

The First Bancorp, Inc. operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, time, savings, money market, and certificates of deposit accounts. The company also provides commercial loans comprising commercial real estate owner occupied, such as mortgage loans to finance investments in real property such as retail space, offices, industrial buildings, hotels, educational facilities, and other specific or mixed use properties; commercial real estate non-owner occupied loans; commercial construction to finance construction in a mix of owner- and nonowner occupied commercial real estate properties; and commercial and industrial loans, including revolving and term loan for financing working capital and/or capital investment. In addition, it offers commercial multifamily loans; residential real estate term and residential real estate construction loans; loans to municipalities in Maine for capitalized expenditures, construction projects, or tax anticipation notes; home equity revolving and term loans; and personal lines of credit and amortizing loans for various purposes, such as autos, recreational vehicles, debt consolidation, personal expenses, or overdraft protection. Further, the company offers private banking, financial planning, investment management, and trust services to individuals, businesses, non-profit organizations and municipalities; and brokerage, annuity, and various insurance products, as well as payment processing services. It operates through full-service banking offices in Lincoln, Knox, Waldo, Penobscot, Hancock, and Washington counties in the Mid-Coast, Eastern, and Down East regions of Maine. 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 based in Damariscotta, Maine.

Corporate Governance

The First Bancorp, Inc.’s ISS Governance QualityScore as of April 1, 2024 is 2. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 2; 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.

Recent Events

  • Apr 19, 2024
    Dividend Date
  • Apr 17, 2024
    8-K: Corporate Changes & Voting Matters
    See Full Filing
  • Apr 08, 2024
    Ex-Dividend Date
  • Mar 28, 2024
    8-K: Corporate Changes & Voting Matters
    See Full Filing
  • Mar 08, 2024
    DEF 14A: Proxy Statements
    See Full Filing

Upcoming Events

Jul 17, 2024 - Jul 22, 2024
The First Bancorp, Inc. Earnings Call

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