First Bancorp Board of Directors Elects New Chairmen

             First Bancorp Board of Directors Elects New Chairmen

PR Newswire

TROY, N.C., Feb. 6, 2013

TROY, N.C., Feb. 6, 2013 /PRNewswire/ --First Bancorp and its subsidiaries
have elected three new chairmen to its board of directors. The new board
chairmen are Mary Clara Capel, James C. Crawford III and Winston Dozier.

Chairmen for the board are elected annually and will serve a four year term.

"Our shareholders are fortunate to have these talented folks serving in these
key roles," said First Bancorp President and CEO Richard Moore. "Their
industry experience and dedication to the communities served by First Bank's
branches will help us continue to improve and grow our institution."

First Bancorp's Board of Directors elected Mary Clara Capel to serve as the
chairman of First Bancorp. In the last eight years, Capel has served as both
chairman and director of First Bank. Capel is also the director of
administration at Capel, Inc., a leading rug manufacturer, importer and
exporter located in Troy, N.C. She has served as a director of First Bank
since 2005. In March 2012 she was appointed by Governor Beverly Perdue to
serve as a member of the North Carolina State Banking Commission.

"Preserving First Bancorp's strong sense of community and 'customer first'
philosophy are paramount to our future success," Capel said. "It is a
privilege and honor to serve as Chair, and I look forward to contributing to
the Company's mission of strengthening the many communities in which it does

James C. Crawford III was elected chairman of First Bank. He has been a
director of First Bancorp and First Bank since 2008. Prior to that, Crawford
served as chairman of Great Pee Dee Bancorp, a South Carolina bank holding
company acquired by First Bancorp in 2008. He also is retired chairman and CEO
of department store chain B.C. Moore and Sons, Inc.

"It's an honor to be part of the First Bank community and to serve with such a
qualified group of directors," said Crawford. "We are enthusiastic about First
Bank's ongoing commitment to community banking and are proud to support those

Winston Dozier, a director of First Bancorp and First Bank since 2010, and
director of First Bank Insurance Services since 2010 was elected chairman of
First Bank Insurance Services. Dozier is the former owner and operator of Quik
Chek, a convenience store with 34 locations headquartered in Troy, N.C. Dozier
owned and operated Quik Chek from 1980 until its sale in 2006.

"First Bank has been a leader in community banking for more than 75 years,"
said Dozier. "Because of its loyal customers and the dedication of the First
Bank employee family, our bank is one of the most well-respected financial
institutions in the state. It's a privilege to serve the board in this

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 a total of 97 branches, with 82 branches operating in North Carolina,
nine branches in South Carolina, and six branches plus one loan production
office in Virginia, where First Bank does business as First Bank of Virginia.
First Bancorp's common stock is traded on the NASDAQ Global Select Market
under the symbol "FBNC."

SOURCE First Bancorp

Contact: Anna G. Hollers, First Bank COO/Executive Vice President,
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