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First Bancorp (FBNC.OQ)

FBNC.OQ on NASDAQ Stock Exchange Global Select Market

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Summary

Name Age Since Current Position

Mary Capel

56 2013 Independent Chairman of the Board

Richard Moore

54 2012 President, Chief Executive Officer, Director

Eric Credle

46 2007 Chief Financial Officer, Executive Vice President of the Company and First Bank

James Crawford

57 2013 Independent Chairman of the board, Director of First Bank

Michael Mayer

56 2014 President of First Bank

John Burns

66 2013 Executive Vice President of the company ; Executive Vice President, Director of First Bank

Edward Soccorso

42 2014 Executive Vice President of First Bank, Chief Strategy Officer of company and bank

Dennis Wicker

61 2012 Director

Daniel Blue

65 2010 Independent Director

Thomas Phillips

69 2013 Independent Director

Frederick Taylor

45 2005 Independent Director

Virginia Thomasson

63 2000 Independent Director

Biographies

Name Description

Mary Capel

Ms. Mary Clara Capel is Independent Chairman of the Board of First Bancorp. She is a member of senior management as the director of administration at Capel, Incorporated, a rug manufacturer, importer and exporter located in Troy, North Carolina, where she has been employed since 1981, including thirteen years in her current position. She is a past member of the North Carolina Banking Commission. Ms. Capel has been a director of the Company and First Bank since 2005. Ms. Capel is the current chairman of the Board of Directors of the Company.

Richard Moore

Mr. Richard H. Moore is President, Chief Executive Officer, Director of First Bancorp. Prior to joining the Company, he was named as President and Chief Executive Officer of the Company in June 2012. Prior to joining the Company, he served as a managing director of San Diego-based Relational Investors LLC, a Registered Investment Advisor that advises the investment decisions of some of the largest pension funds in the world. Prior to joining Relational Investors, Mr. Moore served two terms as State Treasurer of North Carolina and served for four years as the Secretary of Crime Control and Public Safety. Mr. Moore also previously served as Chair of the North Carolina State Banking Commission for eight years. Mr. Moore served two terms on the Board of Executives of the New York Stock Exchange and is currently the chair of the New York Stock Exchange Regulation Board. Mr. Moore was previously an Assistant U.S. Attorney and also practiced corporate, real estate and tax law for many years. Mr. Moore is a former trustee of Wake Forest University and served on its Investment Committee. Mr. Moore is also a director of the Durham-based North Carolina Mutual Life Insurance Company. Mr. Moore has been a director of the Company and First Bank since 2010.

Eric Credle

Mr. Eric P. Credle is Chief Financial Officer, Executive Vice President of First Bancorp and First Bank. He Executive Vice President of the Company and First Bank and has served as the Chief Financial Officer of the Company and First Bank since joining the Company in 1997.

James Crawford

Mr. James C. Crawford, III, is Independent Chairman of the board, Director of Independent Chairman of the board, Director of First Bank its a subsidiary of First Bancorp . He served on the Board of Directors, including as its Chairman, of Great Pee Dee Bancorp, Inc., a bank holding company headquartered in Cheraw, South Carolina, from 1992 until its acquisition by the Company in April 2008. Mr. Crawford is the retired Chief Executive Officer of B.C. Moore and Sons, Inc., a department store chain. Mr. Crawford has been a director of the Company and First Bank since 2008. Mr. Crawford is the current chairman of the Board of Directors of First Bank.

Michael Mayer

Mr. Michael G. Mayer is an President of First Bank, a subsidiary Company of First Bancorp, effective March 10, 2014. Mr. Mayer was named the President of First Bank effective March 10, 2014 and was appointed as a director of First Bank in October 2014. Prior to joining the Company, Mr. Mayer most recently served as Chief Executive Officer of 1st Financial Services Corporation, parent company of Mountain 1st Bank & Trust, a position he held from January 2010 until 1st Financial Services Corporation’s acquisition in January of 2014. Mr. Mayer previously served as President and Chief Executive Officer of Carolina Commerce Bank from 2009 until 2010 and Colony Signature Bank (In Organization) from 2007 to 2009, and has held various senior banking positions over his thirty year banking career.

John Burns

Mr. John F. Burns is an Executive Vice President of the company ; Executive Vice President, Director of First Bank. He is an Executive Vice President of the Company and First Bank and has served in those positions since joining the Company in 2000. Mr. Burns served as a director and President and Chief Executive Officer of First Savings Bancorp, Inc. when First Savings merged with the Company in 2000, having been employed by First Savings since 1972. Mr. Burns served as director of the Company from 2000 until 2013. Mr. Burns has been a director of First Bank since 2000 and continues to serve in that role.

Edward Soccorso

Mr. Edward F. Soccorso III, Jr., is Executive Vice President of First Bank, Chief Strategy Officer of First Bank, a subsidiary of First Bancorp. Mr. Soccorso is an Executive Vice President of First Bank and is currently the Chief Strategy Officer of the Company and First Bank. Mr. Soccorso joined the Company in 2012 and served as Co-Chief Credit Officer of First Bank from January 2013 until November 2014 when he was named to the Chief Strategy Officer position. Prior to joining First Bank, Mr. Soccorso was Director at Piedmont Investment Advisors, LLC where he managed the team dedicated to advising the U.S. Treasury on bank investments made under the Troubled Asset Relief Program (TARP). Prior to joining Piedmont in 2009, Mr. Soccorso was a Senior Vice President at Four Corners Capital Management, LLC, a Registered Investment Advisor that managed asset backed and fixed income portfolios for institutional investors.

Dennis Wicker

Mr. Dennis A. Wicker is an Director of First Bancorp. He is a partner in the law firm Nelson Mullins Riley and Scarborough, LLP, located in Raleigh, North Carolina, a position he has held since 2009. From 2008 to 2009, Mr. Wicker was a shareholder and a member of the Executive Committee of the law firm of SZD Wicker, LPA, and from 2001 to 2008 he was a partner in the law firm of Helms, Mullis & Wicker, LLP. Mr. Wicker served as Lieutenant Governor of North Carolina from 1993 to 2001. Mr. Wicker has been a director of the Company and First Bank since 2001. Mr. Wicker currently serves as a director of Coca Cola Bottling Company Consolidated and within the past five years served as a director of Air T, Inc.

Daniel Blue

Mr. Daniel T. Blue Jr., is an Independent Director of First Bancorp. He is the managing partner of the law firm Blue Stephens and Fellers LLP, located in Raleigh, North Carolina, where he has been an attorney since 1973. In 1980, Mr. Blue was elected to the North Carolina House of Representatives and was re-elected twelve times. From 1991 – 1995, Mr. Blue was twice elected Speaker of the North Carolina House of Representatives. Mr. Blue currently serves in the North Carolina Senate, representing Wake County, and was elected in March 2014 as the Senate Minority Leader. Mr. Blue is the immediate past Chair of the Board of Trustees of Duke University. He is also a member of the Duke University Health System and a former director of Duke University Management Company. Mr. Blue has been a director of the Company and First Bank since 2010.

Thomas Phillips

Mr. Thomas F. Phillips is Independent Director of the First Bancorp and its subsidiary First Bank. He is an automobile dealer and owner of Phillips Ford, located in Carthage, North Carolina. He served as a director of First Savings Bancorp, Inc. from 1985 until its merger with the Company in 2000. Mr. Phillips has served as a director of the Company and First Bank since 2000.

Frederick Taylor

Mr. Frederick L. Taylor, II is Independent Director of First Bancorp. He is President of Troy Lumber Company, located in Troy, North Carolina, where he has been employed since 1992. Mr. Taylor has been a director of the Company and First Bank since 2005.

Virginia Thomasson

Ms. Virginia C. Thomasson, CPA., is Independent Director of First Bancorp. She is a Certified Public Accountant with the firm Holden, Thomasson, & Longfellow, P.C., located in Southern Pines, North Carolina, where she has been a partner since 1988. She served as a director of First Savings Bancorp, Inc. from 1997 until its merger with the Company in 2000. Ms. Thomasson has served as a director of the Company and First Bank since 2000. Ms. Thomasson has been designated as an “audit committee financial expert” in accordance with SEC regulations.

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