First Bancorp Announces Dividend of $.08

The Board of Directors of First Bancorp FBNC, the parent company of First Bank, has declared a cash dividend on its common stock of $0.08 per share payable January 25, 2011 to shareholders of record as of December 31, 2010. The $0.08 per share dividend rate is the same as the rate declared in the comparable period of 2009.