FIRST BANK BRINGS COMMUNITIES TOGETHER WITH 2ND ANNUAL FOOD DRIVE AND LOCAL GRANT SUPPORT

SOUTHERN PINES, N.C., Dec. 17, 2024 /PRNewswire/ -- First Bank proudly continues its commitment to community with the successful completion of its 2^nd annual companywide food drive. This year, employees, customers and friends from across the Carolinas and in over 110 First Bank locations joined forces to collect 21,750 pounds of food given to over 90 agencies and/or organizations for families in need throughout the community. In addition to addressing food insecurity, First Bank has awarded $319,229 in grants to local nonprofits and schools through the Power of Good Grants throughout 2024 with a total of over $640,000 in philanthropic giving, further solidifying its role as a vital partner in uplifting the communities it serves.

The Power of Good Food Drive was held from November 1 – November 30 in honor of Sharon Shaw Adams, a First Bank associate, who passed away in January 2023. Sharon was a Service Excellence champion, the highest level of distinction in First Bank culture, for being an example employee that goes above and beyond. Sharon was a dedicated collector of food items and a relentless warrior against food insecurity. Her passion and commitment to alleviating hunger inspired us all. By organizing this food drive we not only remember her legacy but also carry forward her selfless spirit to combat this pressing issue.

First Bank President, Adam Currie, said of the drive, "Sharon was a phenomenal associate and human. For our second year we are using this food drive to show our appreciation and admiration for her legacy, helping those in our communities. We are so proud to have increased our collections, year over year, and we hope this shows that First Bank is committed to caring for our communities in more ways than just providing banking."

In the 4^th Quarter, First Bank awarded its third set of grant funds in 2024 to 40 nonprofits or schools in order to help continue the excellent work they do, totaling $90,000. The recipients for this round include:

Learn more about the GOOD being done in the community by First Bank at www.LocalFirstBank.com/Power-of-Good.

About us:

First Bank is the banking subsidiary of First Bancorp and is headquartered in Southern Pines, North Carolina, with total assets of approximately $12.1 billion. As a state-chartered community bank, First Bank operates 113 bank branches in North Carolina and South Carolina and a nationwide SBA platform. Since 1935, First Bank has taken a tailored approach to banking, combining best-in-class financial solutions, helpful local expertise, and technology to manage a home or business. First Bancorp's common stock is traded on the NASDAQ Global Select Market under the symbol "FBNC." Visit our website at www.LocalFirstBank.com. Member FDIC, Equal Housing Lender.

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SOURCE First Bank