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Agreement signedPublished 14 Jul 2026

First Bancorp /
First Carolina Bancshares Corporation

First Bancorp and First Carolina Merger Agreement

Buy side: First Bancorp
Buy sideFirst Bancorp
Target: First Carolina Bancshares Corporation
TargetFirst Carolina Bancshares Corporation
First Bancorp · 14 Jul 2026Source
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Follow First Bancorp Follow First Carolina Bancshares Corporation
Buy side: First Bancorp
Buy sideFirst Bancorp
Target: First Carolina Bancshares Corporation
TargetFirst Carolina Bancshares Corporation
01 / BuyerFirst Bancorp
02 / TargetFirst Carolina Bancshares Corporation
Source for the buyer and target: First Bancorp

For the buyer and target.

“On July 14, 2026, First Bancorp, the holding company for First Bank, Southern Pines, North Carolina, entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) with First Carolina Bancshares Corporation (“First Carolina”), the holding company for Carolina Bank & Trust Company (“Carolina Bank”), Florence, South Carolina.”

Published 14 Jul 2026

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01

What happened

First Bancorp entered into an agreement with First Carolina Bancshares Corporation to merge First Carolina into First Bancorp. Carolina Bank & Trust Company will merge into First Bank. [01]

The aggregate merger consideration has a current value of approximately $166 million, or $64.22 per share. First Carolina shareholders will receive 14.5340 shares of First Bancorp common stock and $294.94 in cash for each share. The merger is subject to shareholder and regulatory approvals. [01]

02

The source

Everything on this page comes from the source below, quoted word for word.

01
Source · First Bancorp

First Bancorp and First Carolina Merger Agreement

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03

Timeline

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  1. Published by First Bancorp

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This dealFirst Bancorp / First Carolina Bancshares CorporationAgreement signed · Published 14 Jul 2026
BuyerFirst BancorpTargetFirst Carolina Bancshares Corporation
This dealFirst Bancorp / First Carolina Bancshares Corporation

Agreement signed · First Bancorp / First Carolina Bancshares Corporation deal (Agreement signed, published 14 Jul 2026).

Published 14 Jul 2026
Timeline
  1. Published by First Bancorp
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