Item 8.01 - Other Events

On October 11, 2021, the registrant issued a news release to report that First Bancorp (the "Company"), the parent company of First Bank, has received all required regulatory and shareholder approvals to acquire Select Bancorp ("Select"), the parent company of Select Bank & Trust Company ("Select Bank").

Select Bank will continue to operate as Select Bank after the merger until the data processing system conversion, which the registrant currently expects will occur in March 2022.

Item 9.01 - Financial Statements and Exhibits

Exhibit 99(a) - News Release dated October 11, 2021

Disclosures About Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which statements are inherently subject to risks and uncertainties. Forward-looking statements are statements that include projections, predictions, expectations or beliefs about future events or results or otherwise are not statements of historical fact. Such statements are often characterized by the use of qualifying words (and their derivatives) such as "expect," "believe," "estimate," "plan," "project," "anticipate," or other statements concerning opinions or judgments of the Company and its management about future events. Factors that could influence the accuracy of such forward-looking statements include, but are not limited to, the financial success or changing strategies of the Company's customers, the Company's level of success in integrating acquisitions, actions of government regulators, the level of market interest rates, and general economic conditions. For additional information about the factors that could affect the matters discussed in this paragraph, see the "Risk Factors" section of the Company's most recent annual report on Form 10-K available at www.sec.gov. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise forward-looking statements. The Company is also not responsible for changes made to the press release by wire services, internet services or other media.


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