FIRST BANCORP/NC (FBNC)

Company Profile

First Bancorp (North Carolina) operates as a bank holding company, which engages in banking activities, with the acceptance of deposits and the making of loans. The company is headquartered in Southern Pines, North Carolina and currently employs 1,396 full-time employees. The firm's principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates approximately 118 branches in North Carolina and South Carolina. The company maintains a diversified loan portfolio by providing a range of commercial and retail lending services to business entities and individuals. The company provides commercial business loans, commercial and residential real estate construction and mortgage loans, revolving lines of credit, letters of credit, and loans for personal uses, home improvement, and automobiles. The firm originates residential mortgages through its mortgage banking division, some of which it sells in the secondary market. Through Magnolia Financial, the Company provides accounts receivable financing and factoring, inventory financing, and purchase order financing. The firm also offers United States Small Business Administration (SBA) loans to small business owners across the nation.

Company Info

FIRST BANCORP/NC

300 Sw Broad Street

Southern Pines NORTH CAROLINA 28387

P: 19102462500

CEO: Richard H. Moore

Employees: 1421

Website: https://localfirstbank.com