First Bancorp Announces Cash Dividend
March 13 2020 - 3:00PM
PR Newswire (US)
SOUTHERN PINES, N.C.,
March 13, 2020 /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 $0.18 per share payable on
April 24, 2020 to shareholders of
record as of March 31, 2020.
The $0.18 dividend rate is the same
rate that was paid in the previous quarter and represents a 50%
increase over the dividend rate of $0.12 paid in the comparable period of 2019.
First Bancorp is a bank holding company headquartered in
Southern Pines, North Carolina,
with total assets of approximately $6.1
billion. Its principal activity is the ownership and
operation of First Bank, a state-chartered community bank that
operates 101 branches in North
Carolina and South Carolina. First Bank also provides
SBA loans to customers through its nationwide network of lenders –
for more information on First Bank's SBA lending capabilities,
please visit www.firstbanksba.com. First Bancorp's common
stock is traded on the NASDAQ Global Select Market under the symbol
"FBNC."
Please visit our website at www.LocalFirstBank.com.
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SOURCE First Bancorp
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