secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BANCORP /NC/ (FBNC)
CIK:        0000811589
Form:       8-K
Filed at:   2026-07-14T12:45:27+00:00
Accession:  0000811589-26-000149
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Bancorp to acquire First Carolina Bancshares for $166M in stock and cash
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- Aggregate consideration $166M, or $64.22 per share, consisting of 1.97M shares and $40M cash.
- Carolina Bank has $831M assets, 14 branches in SC, LTM ROAA 1.60%.
- Expected close Q4 2026 or early Q1 2027, subject to shareholder and regulatory approvals.
- First Bancorp will strengthen SC presence; pro forma top 10 deposit market share in both Carolinas.
- Support agreements from directors and officers representing 40% of First Carolina shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811589/000081158926000149/0000811589-26-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811589/000081158926000149/fbnc-20260714.htm
  HTML page:      https://secwatch.observer/filing/0000811589-26-000149

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