First Bancorp Announces Cash Dividend

                    First Bancorp Announces Cash Dividend

PR Newswire

TROY, N.C., Dec. 14, 2012

TROY, N.C., Dec. 14, 2012 /PRNewswire/ -- The Board of Directors of First
Bancorp (NASDAQ: FBNC), the parent company of First Bank, has declared a cash
dividend on its common stock of $0.08 per share payable January 25, 2013 to
shareholders of record as of December 31, 2012. The $0.08 per share dividend
rate is the same as the rate declared in the comparable period of 2011.

First Bancorp is a bank holding company headquartered in Troy, North Carolina
with total assets of approximately $3.3 billion. Its principal activity is
the ownership and operation of First Bank, a state-chartered community bank
that operates 98 branches, with 82 branches operating in North Carolina, 9
branches in South Carolina and 7 branches in Virginia, where First Bank does
business as First Bank of Virginia. First Bank also has a loan production
office in Blacksburg, Virginia. First Bancorp's common stock is traded on the
NASDAQ Global Select Market under the symbol "FBNC."

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SOURCE First Bancorp

Contact: Elaine Pozarycki, +1-919-834-3090
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