First Bancorp

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses. It accepts deposit products such as checking savings and money market accounts as well as time deposits including certificate of deposits and individual retirement accounts. The company also offers loans for a range of consumer and commercial purposes comprising loans for business real estate personal home improvement and automobiles as well as residential mortgages and small business administration loans; and accounts receivable financing and factoring inventory financing and purchase order financing services. In addition it provides credit and debit cards letter of credits and safe deposit box rental services as well as electronic funds transfer services consisting of wire transfers; and internet and mobile banking cash management bank-by-phone services and remote deposit capture services. Further the company offers investment and insurance products such as mutual funds annuities long-term care insurance life insurance and company retirement plans as well as property and casualty insurance products; and financial planning services. First Bancorp was founded in 1934 and is headquartered in Southern Pines North Carolina.