First Bancorp Posts $20.7m Profit For 1q

First Bancorp turned a profit of $20.7 million during the 2017 first quarter, more than double what the Southern Pines-bank reported during the same period a year. First Bancorp, the parent company of First Bank (NASDAQ: FBNC), attributed the boost in profit to its recent acquisitions of Carolina Bank Holdings in Greensboro and ASB Bancorp Inc. last year.

 

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