First Bancorp Announces Director Retirement
First Bancorp (NASDAQ: FBNC), the parent company of First Bank, has officially shared that Mary Clara Capel has retired from the Board of Directors. This decision takes effect immediately.
Appreciating a Legacy of Service
Mary Clara Capel has been a part of First Bancorp since 2005, contributing her talents and insights over the years. She once held the esteemed position of Chair of the Board of Directors, guiding the company through various stages of growth and development.
The Capel family's involvement with First Bancorp dates back nearly 70 years. It began with her father, Jesse Capel, who joined the board in 1959, creating a long-standing legacy of engagement and commitment to the financial institution.
Business Expertise and Contributions
Before her retirement, Ms. Capel played a significant role in Capel, Incorporated, a notable rug manufacturer that operates on a global scale. From 1981 until her retirement in 2017, she served as the Director of Administration and Marketing. Under her leadership, the family business transitioned from local manufacturing to a prominent player in the international rug market.
In addition to her business acumen, Ms. Capel contributed to the North Carolina Banking Commission and participated in the North Carolina Bank Directors' College. Her wealth of experience proved invaluable during her tenure at First Bancorp, enhancing strategic initiatives and operational processes.
Looking Forward with Gratitude
The leadership team at First Bancorp expresses profound gratitude for the Capel family's long-standing service and commitment. Their dedication has played a pivotal role in the company's success and evolution over decades.
As a bank holding company, First Bancorp is headquartered in Southern Pines, North Carolina, and reports total assets amounting to $12.7 billion. Central to its operations is First Bank, a community bank recognized for its tailored approach to offering financial solutions. With a network of 113 branches across North Carolina and South Carolina, First Bank continues to prioritize customer needs, combining technology with local expertise.
Furthermore, First Bank actively engages in the Small Business Administration (SBA) lending program, extending financial resources across its extensive lender network.
Engage with First Bancorp
For individuals interested in learning more about First Bancorp and its offerings, additional information can be found on their official website. Customers and stakeholders alike are encouraged to explore the resources and services available.
First Bancorp trades on The NASDAQ Global Select Market under the symbol "FBNC," reinforcing its commitment as an esteemed player in the banking sector. The company is a proud member of the FDIC and upholds equal housing lending practices.
Frequently Asked Questions
Who is retiring from the First Bancorp Board of Directors?
Mary Clara Capel has officially announced her retirement from the First Bancorp Board of Directors, effective immediately.
How long has Mary Clara Capel served?
Mary Clara Capel has been a director at First Bancorp since 2005, contributing her expertise for many years.
What business was Mary Clara Capel involved with?
Mary Clara Capel was the Director of Administration and Marketing at Capel, Incorporated, a renowned rug manufacturer and importer/exporter.
How many branches does First Bank operate?
First Bank operates a total of 113 branches across North Carolina and South Carolina.
Where can I find more information about First Bancorp?
More information regarding First Bancorp and its services can be found on their official website.
