First Bancorp operates as the bank holding company for First Bank that provides various banking products and services for individuals and small to medium-sized businesses primarily in North Carolina, southwestern Virginia, and northeastern South Carolina. It accepts various deposit products, including checking, savings, and money market accounts, as well as time deposits comprising certificates of deposits and individual retirement accounts. The company also provides loans for various consumer and commercial purposes, such as loans for business, agriculture, real estate, personal uses, home improvement, and automobiles. In addition, it offers credit cards, debit cards, letters of credit, and safe deposit box rental services, as well as electronic funds transfer services consisting of wire transfers; and Internet banking, mobile banking, cash management, bank-by-phone services, ATM, and remote deposit capture services. Further, the company engages in the provision of investment and insurance products, which comprise mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans, as well as financial planning services; and placement of property and casualty insurance products. It offers access to 67,000 ATMs. As of April 29, 2015, the company operated 87 branches, with 73 branches operating in North Carolina, 6 branches in South Carolina, and 7 branches in Virginia. First Bancorp was founded in 1934 and is headquartered in Southern Pines, North Carolina.