Bailout Bank Bio: The First Bancorp

Feb 19, 2009 | 1 min read | Print Article

The First Bancorp, Inc., is the bank-holding company for The First, N.A., with headquarters in Damariscotta, Maine. The First Bancorp, Inc., was known formerly as First National Lincoln Corporation. First Bancorp operates 14 offices in coastal Maine. In early January First Bancorp began participating in the Treasury Department’s Capital Purchase Program. Under the program the company received (pdf) $25 million from Treasury in exchange for preferred stock and warrants.

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Bailout Bank Bio: The First Bancorp, Inc.


Federal Equity Investment	$25 million
Total Revenue	$81.866 million
Net Income	$13.101 million
Number of Employees	211
Corporate Headquarters	Damariscotta, Maine
Business Sector	Bank
Officers and Directors	Daigneault, Daniel, President, Chief Executive Officer, Director Smith, Stuart, Chairman of the Board Other officers and directors
Corporate Website	http://www.thefirstbancorp.com/
Executive Compensation	Unable to Locate