First Bancorp to Acquire First Carolina Bancshares for $166 Million
First Bancorp (FBP) has agreed to acquire privately held First Carolina Bancshares in a deal valued at $166 million. The transaction, expected to close by the end of Q4 2026 or early Q1 2027, includes approximately 1.96 million shares and $40 million cash for Carolina Bank shareholders.
Tickers: $FBP
Topics: banking mergers_and_acquisitions