First Bancorp

North Carolina bank holding company serving individuals and businesses

What First Bancorp does

First Bancorp owns First Bank, a community-focused bank based in Southern Pines, North Carolina. It takes deposits through checking, savings and CD accounts, and lends to consumers and businesses for homes, cars, commercial property and daily operations. It also sells insurance, investment products and financial planning.

How First Bancorp makes money

It earns most of its income from the spread between the interest it collects on loans and the interest it pays on deposits. It also collects fees from cards, cash management, account services, and insurance and investment product sales.

Products & services

• Checking, savings and money market accounts
• Certificates of deposit and IRAs
• Commercial and residential real estate loans
• Accounts receivable financing and factoring
• Internet and mobile banking with remote deposit capture
• Insurance, annuities and financial planning