First Bancorp (NC) Company Description
First Bancorp (not to be confused with First Bancorp in Virginia or First BanCorp in Puerto Rico) is the holding company for First Bank, which operates some 100 branches in east-central North Carolina, east South Carolina, and western Virginia. The bank offers checking, savings, money market, and NOW accounts; IRAs; investments; and discount brokerage services. It focuses lending on mortgage loans, which account for some three-quarters of its loan portfolio. The company also owns in-house and third-party data processor Montgomery Data Services, as well as a property/casualty insurance agency.
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The Company Description provides a historical perspective of First Bancorp (NC)'s organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of First Bancorp (NC)'s evolution in the marketplace.
