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First Bancorp (FBNC.OQ)

FBNC.OQ on NASDAQ Stock Exchange Global Select Market

42.61USD
20 Jun 2018
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Summary

Name Age Since Current Position

James Crawford

61 2016 Independent Chairman of the Board

Richard Moore

57 2012 President, Chief Executive Officer, Director

Eric Credle

49 2017 Chief Financial Officer, Executive Vice President of the Company and the Bank

Michael Mayer

58 2017 Director; President of First Bank

Suzanne DeFerie

61 2017 Director, President and Chief Executive Officer of ASB Bancorp

Donald Allred

71 2017 Independent Director

Daniel Blue

68 2010 Independent Director

Mary Capel

59 2016 Independent Director

Abby Donnelly

55 2017 Independent Director

John Gould

65 2017 Independent Director

Thomas Phillips

72 2013 Independent Director

O. Temple Sloan

57 Independent Director

Frederick Taylor

48 2005 Independent Director

Virginia Thomasson

66 2000 Independent Director

Dennis Wicker

65 2017 Independent Director

Biographies

Name Description

James Crawford

Mr. James C. Crawford, III, is Independent Chairman of the Board of the Company. He served on the Board of Directors, including as its Chairman, of Great Pee Dee Bancorp, Inc., a bank holding company headquartered in Cheraw, SC, from 1992 until its acquisition by the Company in April 2008. Mr. Crawford is the retired Chief Executive Officer of B.C. Moore and Sons, Inc., a department store chain. Mr. Crawford has been a director of the Company and First Bank since 2008. Mr. Crawford is the current chairman of the Board of Directors and the Board of Directors of First Bank.

Richard Moore

Mr. Richard H. Moore is President, Chief Executive Officer, Director of First Bancorp. He was named as President and Chief Executive Officer of the Company in June 2012. Prior to joining the Company, he served as a managing director of San Diego-based Relational Investors LLC. Prior to joining Relational Investors, Mr. Moore served two terms as State Treasurer of North Carolina and served for four years as the Secretary of Crime Control and Public Safety. Mr. Moore also previously served as Chair of the North Carolina State Banking Commission for eight years. Mr. Moore serves on numerous New York Stock Exchange boards and committees and is the past chair of the NYSE Regulation Board of Directors. Mr. Moore was previously an Assistant U.S. Attorney and also practiced corporate, real estate and tax law for many years. Mr. Moore is a former trustee of Wake Forest University and served on its Investment Committee. Mr. Moore has been a director of the Company and First Bank since 2010.

Eric Credle

Mr. Eric P. Credle is Chief Financial Officer, Executive Vice President of First Bancorp and First Bank. He Executive Vice President of the Company and First Bank and has served as the Chief Financial Officer of the Company and First Bank since joining the Company in 1997.

Michael Mayer

Mr. Michael G. Mayer is Director of the Company and President of First Bank, a subsidiary Company of First Bancorp, since May 3, 2017. He was named the President of First Bank effective March 10, 2014, was appointed as a director of First Bank in October 2014, and was named the Chief Executive Officer of First Bank on February 7, 2017. Mr. Mayer was named the President of the Company on February 23, 2016 and was appointed to the Board of Directors of the Company on February 7, 2017. Prior to joining the Company, Mr. Mayer served as Chief Executive Officer of 1st Financial Services Corporation, the parent company of Mountain 1st Bank & Trust, a position he held from January 2010 until 1st Financial Services Corporation’s acquisition in January of 2014. He previously served as President and Chief Executive Officer of Carolina Commerce Bank from 2009 until 2010 and Colony Signature Bank (In Organization) from 2007 to 2009, and has held various senior banking positions over his 30 year banking career.

Suzanne DeFerie

Ms. Suzanne S. DeFerie is Director, President and Chief Executive Officer of ASB Bancorp of the Company. She was named Executive Vice President and Regional President for the Asheville Region of First Bank upon the merger of ASB Bancorp with the Company in October 2017. She served as the President and Chief Executive Officer of ASB Bancorp and Asheville Savings Bank, its banking subsidiary, from 2008 until ASB Bancorp’s merger with the Company. Prior to becoming CEO of Asheville Savings Bank, Ms. DeFerie was Executive Vice President and Chief Financial Officer of Asheville Savings Bank for 16 years. Ms. DeFerie holds a CPA license and is active in the banking industry and the Asheville community, currently serving roles with the Federal Home Loan Bank of Atlanta, the Federal Reserve Bank of Richmond, Mission Health System and the Economic Development Coalition of Asheville-Buncombe County.

Donald Allred

Mr. Donald H. Allred is Independent Director of the Company. He is the is the Retired President and former owner of Duel, Inc., a media production company located in Asheboro, which specialized in audio and video projects for individuals and businesses. Mr. Allred served as a board member of Carolina Bank Holdings, Inc. (“CBHI”) from 2012 until CBHI’s merger with the Company in 2017, at which time he joined the Company’s Board of Directors. Mr. Allred also served on Carolina Bank’s Asheboro Advisory Board of Directors beginning in 2004. An Air Force veteran, Mr. Allred served four years of active duty during the Vietnam War. Mr. Allred is very active in the Rotary Club and has volunteered with numerous civic organizations in the Asheboro area. Mr. Allred has attended the North Carolina Bank Directors’ College and the North Carolina Bank Directors’ Assembly.

Daniel Blue

Mr. Daniel T. Blue Jr., is Independent Director of First Bancorp. He is the managing partner of Blue LLP, a law firm located in Raleigh, NC, where he has been an attorney since 1973. In 1980, Mr. Blue was elected to the North Carolina House of Representatives and was re-elected 12 times. From 1991 – 1995, Mr. Blue was twice elected Speaker of the North Carolina House of Representatives. Mr. Blue currently serves in the North Carolina Senate, representing Wake County, and was elected in March 2014 as the Senate Minority Leader. Mr. Blue is a past Chair of the Board of Trustees of Duke University. He is a former member of the Duke University Health System and a former director of Duke University Management Company. Mr. Blue has been a director of the Company and First Bank since 2010.

Mary Capel

Ms. Mary Clara Capel is Independent Chairman of the Board of First Bancorp. She is a former member of senior management as the director of administration and marketing at Capel, Incorporated, a rug manufacturer, importer and exporter located in Troy, NC, where she was employed from 1981 until her retirement in September 2017. She is a past member of the North Carolina Banking Commission and has attended the North Carolina Bank Directors’ College. Ms. Capel has been a director of the Company and First Bank since 2005. Ms. Capel is the immediate past chairman of the Board of Directors.

Abby Donnelly

Ms. Abby J. Donnelly is Independent Director of the Company. She is founder and Chief Executive Officer of The Leadership & Legacy Group, a consulting practice in leadership development and executive succession. She is the internationally recognized author of Networking Works!, a workbook and training curriculum on building strong business relationships. Ms. Donnelly served as a director of CBHI from 2014 until its merger with the Company in 2017, at which time she joined the Board of Directors. Ms. Donnelly has been active in volunteering and serving in many leadership roles in various civic organizations in the Greensboro area. She has attended the North Carolina Bank Directors’ College and the North Carolina Bank Directors’ Assembly.

John Gould

Mr. John B. Gould is Independent Director of the Company. He has served as President of Cason Companies, Inc., a family-owned business, since 1976 and has been instrumental in the mergers and acquisitions that have grown and diversified the business over more than 40 years. He has served as the Vice Chairman of the ASB Bancorp Board, as well as past Chairman of the Henderson County Chamber of Commerce and the Henderson County Partnership for Economic Development. He has recently been appointed to the UNC Healthcare - Pardee Hospital Board of Directors. He joined our Board upon the merger of ASB Bancorp into the Company in 2017.

Thomas Phillips

Mr. Thomas F. Phillips is Independent Director of the First Bancorp and its subsidiary First Bank. He is a retired automobile dealer. He served as a director of First Savings Bancorp, Inc. from 1985 until its merger with the Company in 2000. Mr. Phillips has served as a director of the Company and First Bank since 2000 and is a former chairman of both boards of directors.

O. Temple Sloan

Mr. O. Temple Sloan is Independent Director of the Company. He is the former Chief Executive Officer and President of General Parts, Inc. (GPI), the largest privately-owned auto parts supplier in the United States, which owned and operated more than 3,100 CARQUEST Auto Parts stores and over 80 WORLDPAC branches in the United States, Canada and Puerto Rico. Prior to GPI’s acquisition by Advance Auto Parts, Inc., Mr. Sloan served as President and Chief Executive Officer of GPI from 2008 to January 2014 and as President of GPI from 2001 to 2008. Mr. Sloan is currently a director of Golden Corral Corporation, and previously served as a director of Advance Auto Parts, Inc. and Car Care Council. He is currently a member of The University of North Carolina Board of Governors, and is a former member of the Board of Trustees of Northwood University.

Frederick Taylor

Mr. Frederick L. Taylor, II is Independent Director of First Bancorp. He is President of Troy Lumber Company, located in Troy, NC, where he has been employed since 1992. Mr. Taylor has been a director of the Company and First Bank since 2005.

Virginia Thomasson

Ms. Virginia C. Thomasson, CPA., is Independent Director of First Bancorp. She is a Certified Public Accountant with the firm Virginia C. Thomasson CPA, PLLC, located in Southern Pines, North Carolina, where she is the owner and managing partner. She served as a director of First Savings Bancorp, Inc. from 1997 until its merger with the Company in 2000. Ms. Thomasson has served as a director of the Company and First Bank since 2000. Ms. Thomasson has been designated as an “audit committee financial expert” in accordance with SEC regulations.

Dennis Wicker

Mr. Dennis A. Wicker is Independent Director of First Bancorp. He is a partner in the law firm Nelson Mullins Riley and Scarborough, LLP, located in Raleigh, NC, a position he has held since 2009. From 2008 to 2009, Mr. Wicker was a shareholder and a member of the Executive Committee of the law firm of SZD Wicker, LPA, and from 2001 to 2008 he was a partner in the law firm of Helms, Mulliss & Wicker, LLP. Mr. Wicker served as Lieutenant Governor of North Carolina from 1993 to 2001. Mr. Wicker has been a director of the Company and First Bank since 2001. Mr. Wicker currently serves as a director of Coca Cola Bottling Company Consolidated and within the past five years served as a director of Air T, Inc.

Basic Compensation