TROY, N.C., March 9 /PRNewswire-FirstCall/ -- First Bank, the bank subsidiary of First Bancorp , announces today its intent to remain at its current location at Eastgate Mall, Albemarle, North Carolina. First Bank currently leases the land at this location and has a pending agreement to acquire this same land in May 2006.
James H. Garner, Chief Executive Officer of First Bank, commented, "Recent activity on surrounding land parcels has led some of our customers to wonder whether our bank would be moving to a new location. I am pleased to report that we have no plans to move. We have been at Eastgate Mall since 1985. We are happy with this convenient location, and we know our customers are too," stated Mr. Garner.
First Bancorp is a bank holding company based in Troy, North Carolina with total assets of approximately $1.8 billion. Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates 61 branch offices, with 55 branches operating in a nineteen county market area in the central piedmont region of North Carolina, 3 branches in Dillon County, South Carolina, and 3 branches in Virginia (Abingdon, Radford, and Wytheville), where First Bank does business as First Bank of Virginia. First Bancorp's common stock is traded on the NASDAQ National Market under the symbol FBNC.
Please visit our website at http://www.firstbancorp.com/.
