First Bancorp Announces Cash Dividend

^{Published on 2012-03-09 08:19:09 - Market Wire}
 

First Bancorp Announces Cash Dividend -- TROY, N.C., March 9, 2012 /PRNewswire/ --

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TROY, N.C., March 9, 2012 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ: [ FBNC ]), the parent company of First Bank, has declared a cash dividend on its common stock of $0.08 per share payable April 25, 2012 to shareholders of record as of March 31, 2012.  The $0.08 per share dividend rate is the same as the rate declared in the comparable period of 2011.

First Bancorp is a bank holding company headquartered in Troy, North Carolina with total assets of approximately $3.3 billion.  Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates 97 branches, with 82 branches operating in North Carolina, 9 branches in South Carolina (Cheraw, Dillon, Florence, Latta, Jefferson, and Little River), and 6 branches in Virginia (Abingdon, Christiansburg, Dublin, Fort Chiswell, Radford, and Wytheville), where First Bank does business as First Bank of Virginia. First Bank also has a loan production office in Blacksburg, Virginia. First Bancorp's common stock is traded on the NASDAQ Global Select Market under the symbol "FBNC."

Please visit our website at [ www.FirstBancorp.com ].

SOURCE First Bancorp

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