SOUTHERN PINES, N.C.,
Feb. 5, 2016 /PRNewswire/
-- First Bancorp (NASDAQ: FBNC), the parent company of First
Bank, welcomed Jim Derrickson to its
Wake County team as a Senior Vice
President specializing in Builder Finance. "First Bank believes in
local, specialized expertise to make sure our customers receive the
best banking experience possible. Jim represents exactly what our
community bank is all about," said Mike
Mayer, President of First Bank.
Jim Derrickson, a long time
Raleigh resident, joins the First
Bank team with over 30 years of banking experience. Prior to
joining First Bank, Jim held commercial management positions at
CommunityOne Bank, NewBridge Bank, Southern Community Bank and
Trust, BB&T, and Bank of America. In his new role, Derrickson
will develop First Bank's Builder Finance team, focusing initially
on clients in the Triangle and Triad markets of North Carolina. He currently serves on the
Board of Directors for the Magellan Charter School Foundation, is
Treasurer for the Church of the Apostles, and also Treasurer for
the Home Builders Association of Raleigh-Wake
County. Derrickson received a Bachelor's degree in Economics
from The University of Richmond.
Jim will be located in downtown Raleigh at 150 Fayetteville Street, Suite
2850, Raleigh, North Carolina and
can be reached at jderrickson@localfirstbank.com.
About First Bancorp
First Bancorp is a bank holding company headquartered in
Southern Pines, North Carolina
with total assets of approximately $3.4
billion. Its principal activity is the ownership and
operation of First Bank, a state-chartered community bank that
operates 88 branches, with 75 branches operating in North Carolina, six branches in South Carolina (Cheraw, Dillon, Florence, and Latta), and seven branches in Virginia (Abingdon, Blacksburg, Christiansburg, Fort Chiswell, Radford, Salem and Wytheville), where First Bank does business as
First Bank of Virginia. First Bank
also has loan production offices in Greenville and Charlotte, North Carolina. First
Bancorp's common stock is traded on the NASDAQ Global Select Market
under the symbol "FBNC." First Bank Insurance Services, a
subsidiary of First Bank, has locations in Sanford, Southern
Pines, and Troy, North
Carolina.
Please visit our website at www.LocalFirstBank.com.
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934 and
the Private Securities Litigation Reform Act of 1995, which
statements are inherently subject to risks and uncertainties.
Forward-looking statements are statements that include projections,
predictions, expectations or beliefs about future events or results
or otherwise are not statements of historical fact. Such
statements are often characterized by the use of qualifying words
(and their derivatives) such as "expect," "believe," "estimate,"
"plan," "project," "anticipate," or other statements concerning
opinions or judgments of the Company and its management about
future events. Factors that could influence the accuracy of
such forward-looking statements include, but are not limited to,
the financial success or changing strategies of First Bancorp's
customers, First Bancorp's level of success in integrating
acquisitions, actions of government regulators, the level of market
interest rates, and general economic conditions. For
additional information about the factors that could affect the
matters discussed in this paragraph, see the "Risk Factors" section
of the First Bancorp's most recent annual report on Form 10-K
available at www.sec.gov. Forward-looking statements
speak only as of the date they are made, and First Bancorp
undertakes no obligation to update or revise forward-looking
statements. First Bancorp is also not responsible for changes
made to the press release by wire services, internet services or
other media.
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SOURCE First Bancorp