SOUTHERN PINES, N.C., Nov. 6, 2020 /PRNewswire/ -- First Bancorp (NASDAQ - FBNC), the parent company of First
Bank, has received notice that S&P Global will add First Bancorp to the S&P SmallCap 600® Index
effective Friday, November 13, 2020. This Index is comprised of 600 stocks in various sectors with market
capitalizations of between $600 million and $2.4 billion and seeks to measure the small-cap segment of the U.S.
equity market. The Index is designed to track companies that meet specific inclusion criteria to ensure
that they are liquid and financially viable.
Richard Moore, the Chief Executive Officer of First Bancorp, stated, "We are pleased with the addition of our
stock to this widely followed stock index and expect that it will increase the liquidity of the stock for our
shareholders."
First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of
approximately $7.1 billion. Its principal activity is the ownership and operation of First Bank, a
state-chartered community bank that operates 101 branches in North Carolina and South Carolina. First Bank
also provides SBA loans to customers through its nationwide network of lenders – for more information on First
Bank's SBA lending capabilities, please visit www.firstbanksba.com. First Bancorp's common stock is traded on the NASDAQ Global
Select Market under the symbol "FBNC."
Please visit our website at www.LocalFirstBank.com.
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SOURCE First Bancorp