UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street NW
Washington, D.C. 29549

 

___________________

Form 8-K

___________________

 

PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

 

     
Date of Report (Date of earliest event reported):   October 16, 2015
     

 

First Bancorp

 

 

(Exact Name of Registrant as Specified in its Charter)

         
North Carolina   0-15572   56-1421916
(State or Other Jurisdiction   (Commission   (I.R.S. Employer
of Incorporation)   File Number)   Identification Number)

 

         
300 SW Broad Street, Southern Pines, North Carolina      

 28387

(Address of Principal Executive Offices)       (Zip Code)

 

(910) 246-2500

 

(Registrant’s telephone number, including area code)

  

Not Applicable

 

(Former Name or Former Address, if changed since last report)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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First Bancorp
INDEX

 

         
    Page
     
         
Item 8.01 – Other Events     3  
         
Signatures     4  
         

 

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Item 8.01 — Other Events

 

On October 16, 2015, the Registrant redeemed the remaining $31.5 million (31,500 shares) of the outstanding Non-Cumulative Perpetual Preferred Stock, Series B (“SBLF Stock”) that had been issued to the United States Secretary of the Treasury in September 2011 related to the Registrant’s participation in the Small Business Lending Fund. The shares were redeemed from the existing capital of the Registrant at their liquidation value of $1,000 per share plus accrued dividends. With this redemption, the Registrant has redeemed all of its outstanding SBLF stock.

 

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Signatures

 

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

             
            First Bancorp
             
   

 

October 16, 2015

  

 

By:

  

 

/s/ Richard H. Moore

            Richard H. Moore
            President and Chief Executive Officer

 

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