First Bancorp (NASDAQ:FBNC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
| Item 5.02. |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On February 7, 2017, the Board of Directors of First Bancorp (the
Registrant) appointed Michael G. Mayer as a director of the
Registrant and nominated him to the slate of directors to be
recommended for election to shareholders at the annual
shareholders meeting to be held on May 3, 2017.
Additionally, on February 7, 2017, Mr. Mayer was named the Chief
Executive Officer of First Bank. Mr. Mayer continues in his role
as President of First Bank and First Bancorp, while Richard H.
Moore continues in his role as Chief Executive Officer of First
Bancorp.
Information regarding Mr. Mayer, including his business
experience and relationships with the Company, has been
previously reported in the Companys proxy statement filed April
4, 2016 and in the Form 8-K filed on February 27, 2014, and such
information is incorporated by reference herein.
About First Bancorp (NASDAQ:FBNC)
First Bancorp is the bank holding company for First Bank (the Bank). The Company’s principal activity is the ownership and operation of First Bank. The Company engages in a range of banking activities, including the acceptance of deposits and the making of loans. The Company offers credit cards, debit cards, letters of credit, safe deposit box rentals and electronic funds transfer services, including wire transfers. In addition, the Company offers Internet banking, mobile banking, cash management and bank-by-phone capabilities to its customers. The Company also offers a mobile check deposit feature for its mobile banking customers that allows them to deposit checks through their smartphone. The Company offers remote deposit capture for its business customers. The Company conducts business from approximately 90 branches. The Bank’s subsidiaries include First Bank Insurance Services, Inc. (First Bank Insurance) and First Troy SPE, LLC. First Bancorp (NASDAQ:FBNC) Recent Trading Information
First Bancorp (NASDAQ:FBNC) closed its last trading session up +0.36 at 30.30 with 64,283 shares trading hands.
