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The First Bancorp, Inc. (FNLC)

24.52
-0.15
(-0.61%)
At close: May 7 at 4:00:00 PM EDT

Key Executives

Amounts are as of December 31, 2024 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.
NameTitlePayExercisedYear Born
Mr. Tony C. McKim President, CEO & Director 1.13M -- 1967
Mr. Richard M. Elder Executive VP, CFO & Treasurer 405.33k -- 1965
Mr. Christopher J. Austin Chief Legal Counsel & Executive VP -- -- 1974

The First Bancorp, Inc.

223 Main Street
Damariscotta, ME 04543
United States
207 563 3195 https://www.thefirst.com
Industry: 
Banks - Regional
Full Time Employees: 
284

Description

The First Bancorp, Inc. operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers. The company accepts various deposit products, including demand, NOW, time, savings, money market, and certificates of deposit accounts. It also provides commercial loans, such as mortgage loans to finance investments in real property, which includes retail spaces, offices, industrial buildings, hotels, educational facilities, and other specific or mixed use properties; commercial real estate non-owner occupied loans; commercial construction to finance construction in a mix of owner- and nonowner occupied commercial real estate properties; and commercial and industrial loans, including revolving and term loans for financing working capital and/or capital investment. In addition, the company offers commercial multifamily loans; residential real estate term and construction loans; loans to municipalities in Maine for capitalized expenditures, construction projects, or tax anticipation notes; home equity revolving and term loans; and personal lines of credit and amortizing loans for various purposes, such as autos, recreational vehicles, debt consolidation, personal expenses, or overdraft protection. Further, it offers private banking, financial planning, investment management, and trust services to individuals, businesses, non-profit organizations, and municipalities, as well as brokerage, annuity, and various insurance products. The company operates through full-service banking offices in Lincoln, Knox, Waldo, Penobscot, Hancock, and Washington counties in the Mid-Coast, Eastern, and Down East regions of Maine. The company was formerly known as First National Lincoln Corporation and changed its name to The First Bancorp, Inc. in April 2008. The First Bancorp, Inc. was founded in 1864 and is based in Damariscotta, Maine.

Corporate Governance

The First Bancorp, Inc.’s ISS Governance QualityScore as of May 1, 2025 is 3. The pillar scores are Audit: 3; Board: 3; Shareholder Rights: 2; Compensation: 6.
Corporate governance scores courtesy of Institutional Shareholder Services (ISS) Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.

Upcoming Events

July 22, 2025 at 10:59 AM UTC - July 28, 2025 at 12:00 PM UTC

The First Bancorp, Inc. Earnings Date

Recent Events

May 1, 2025 at 12:00 AM UTC

8-K/A: Corporate Changes & Voting Matters

April 23, 2025 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

April 18, 2025 at 12:00 AM UTC

Dividend Date

April 8, 2025 at 12:00 AM UTC

Ex-Dividend Date

March 27, 2025 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

March 7, 2025 at 12:00 AM UTC

DEF 14A: Proxy Statements

February 19, 2025 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

February 18, 2025 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

January 22, 2025 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

January 3, 2025 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

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