Abstract
AbstractCommercial Banking (MIC: 8.1 SIC: 6022 NAIC: 522110)First Bancorp is a bank holding company. Co. is principally engaged in the ownership and operation of First Bank (the Bank), a state chartered bank with a main office in Troy, NC. Other subsidiaries include Montgomery Data, a data processing company whose primary client is First Bank, and First Bancorp Financial, a real estate investment subsidiary. The Bank engages in a range of banking activities, providing such services as checking, savings, and money market accounts; loans for business, agriculture, real estate, personal uses, home improvement and automobiles; credit cards; debit cards; and letters of credit. As of Dec 31 2006, Co. had total assets of $2.14 billion.
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