News Release
| For Immediate Release: | For More Information, |
| June 2, 2008 | Contact: Jerry L. Ocheltree |
| 910-576-6171 | |
First Bancorp Announces Cash Dividend
TROY, N.C. – The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank, has declared a cash dividend of 19 cents per share payable July 25, 2008 to shareholders of record as of June 30, 2008.
First Bancorp is a bank holding company headquartered in Troy, North Carolina with total assets exceeding $2.5 billion. Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates 74 branch offices with 63 branches operating in a 21-county market area in the central piedmont and coastal regions of North Carolina, 6 branches in South Carolina (Cheraw, Dillon, Florence, and Latta), and 5 branches in Virginia (Abingdon, 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. For additional information, please contact:
Mr. Jerry L. Ocheltree
President & Chief Executive Officer