First Bancorp replaces auditor BDO with Crowe LLP effective March 6, 2025

FIRST BANCORP /NC/

Audit Committee engaged Crowe LLP for FY ending Dec 31, 2025; BDO USA dismissed same day.
No disagreements or adverse opinions between company and BDO for 2023 or 2024.
Material weakness in IT user access controls (disclosed in 2023 10-K) was fully remediated by June 30, 2024.
No prior consultations with Crowe regarding accounting principles or audit opinions.
BDO USA provided letter agreeing with above statements, filed as Exhibit 16.1.

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