The First Bancorp (formerly First National Lincoln Corporation), is a $1.6 billion bank holding company based in Damariscotta, Maine. The company’s subsidiary, First National Bank (formerly The First, N.A.), was established in 1864 and now has 16 branches located along Maine’s coast from Wiscasset to Calais and one inland branch in Bangor. With a strong coastal presence, the Bank is well positioned to take advantage of the mix of both new and traditional industries and the growth generally seen in Maine’s coastal counties. The Bank is also located in the heart of downtown Bangor, a city currently seeing a renaissance.
About First National Bank: Over the last 11 years, the Bank’s total assets have grown nearly $500 million. This growth was achieved through a focused strategy of organic growth from the existing branch offices of First National Bank as well as opening and acquiring new branches.
During the fourth quarter of 2012, the Bank completed the purchase of the former Bank of America branch at 63 Union Street, Rockland Maine, thus expanding our strong Knox County presence.
At the same time, the Bank purchased the former Camden National building at 145 Exchange Street in Bangor, Maine, to establish an inland presence in this growing city. The asset growth experienced has, in turn, produced a growth in earnings with net income increasing $3.9 million from $12.3 million in 2006 to $16.2 million in 2015.
First National Bank offers a wide variety of retail and commercial banking services including a full range of Trust and Investment Management services through First National Wealth Management, our trust division. Bank branches are located in the following Maine communities: Bangor, Bar Harbor, Boothbay Harbor, Calais, Camden, Damariscotta, Eastport, Ellsworth, Northeast Harbor, Rockland (2 locations), Rockport, Southwest Harbor, Waldoboro and Wiscasset.
Over the past several years, the Bank has made significant capital investments in technology infrastructure and today offers a competitive range of electronic banking products and services in addition to those provided within our branch offices. Whether delivered traditionally or electronically however, it is personalized service that ultimately differentiates First National Bank from other financial service providers and allows the Bank to foster lasting relationships with our customers.
Contained within the website is summary and condensed financial information concerning The First Bancorp.
For more complete information, refer to the full text of the annual and quarterly reports to The First Bancorp’s shareholders and filed with the Securities and Exchange Commission (find public information here).
Within these filings you will find more complete disclosure information, including but not limited to Management’s Discussion and Analysis of Financial Condition and Results of Operations and the audited and unaudited financial statements of The First Bancorp and the related footnotes and reports of the company’s independent public accountants.