First Bancorp

Founded in 1948, First Bancorp has established its headquarters in Southern Pines, North Carolina, within the United States. Over the years, the company has concentrated its efforts on three main business segments. Firstly, its commercial banking sector, which is tailored towards both businesses and individuals, provides various lending services, offers an array of deposit products, and encompasses a suite of other banking solutions. The retail banking segment is designed to meet the financial needs of individual customers through services such as deposit and saving accounts, diverse loan options, and mortgage services. The third significant arm of First Bancorp is mortgage banking, where the focus is on originating and servicing mortgage loans. Under the umbrella of First Bancorp, the principal brand in operation is its banking subsidiary, First Bank. The core market for First Bancorp's products and services is the United States, with a strategic emphasis on serving the Carolinas. Although the organization primarily caters to the state of North Carolina, it also extends its reach, albeit to a smaller extent, into neighboring South Carolina and Virginia, signifying its regional influence in the banking sector. (Powered by AI)