First Bancorp appoints Adam Currie as First Bank CEO, authorizes $40M share repurchase

FIRST BANCORP /NC/

Adam Currie appointed President and CEO of First Bank, effective Feb 7, 2025, replacing Michael G. Mayer.
Michael G. Mayer remains President of First Bancorp until early 2026; employment agreement amended to reflect title change.
Board authorized up to $40M stock repurchase plan for common shares in open market or private transactions.
Christian Wilson entered into employment agreement as COO of Company and First Bank, effective Feb 7, 2025.

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