About First bancorp inc
First Bancorp Inc: A Comprehensive Overview of the Bank Holding Company
The First Bancorp, formerly known as First National Lincoln Corporation, is a bank holding company based in Damariscotta, Maine. With assets worth $1.6 billion, the company has been providing financial services to individuals and businesses for over 150 years.
In this article, we will delve into the history of First Bancorp Inc., its mission and vision statements, products and services offered by the bank holding company, its leadership team and board of directors. We will also explore how First Bancorp Inc. has been able to maintain its position as a leading financial institution in Maine.
History
First National Lincoln Corporation was founded in 1864 by William Patten Jr., who was then serving as a cashier at The Lincoln County National Bank. The bank started operations with just $50,000 in capital but grew rapidly over time.
In 1984, the bank changed its name to The First National Bank of Damariscotta after acquiring another local bank. In 1995, it became a publicly traded company under the name "The First Bancorp."
Mission Statement
First Bancorp's mission statement is "to be an independent community banking organization that provides high-quality financial services while maintaining our commitment to our customers' needs."
Vision Statement
The vision statement of First Bancorp is "to be recognized as one of Maine's premier community banks by providing exceptional customer service through innovative products and services."
Products and Services Offered
First Bancorp offers a wide range of products and services that cater to both personal banking needs as well as business banking requirements.
Personal Banking:
- Checking Accounts
- Savings Accounts
- Money Market Accounts
- Certificates of Deposit (CDs)
- Individual Retirement Accounts (IRAs)
- Online Banking
- Mobile Banking
- Debit Cards
- Credit Cards
- Mortgages
- Fixed-Rate Mortgages
- Adjustable-Rate Mortgages
- Jumbo Mortgages
- Home Equity Loans and Lines of Credit
Business Banking:
- Checking Accounts
- Savings Accounts
- Money Market Accounts
- Certificates of Deposit (CDs)
- Online Banking for Business
- Cash Management Services
- ACH Origination
- Wire Transfers
- Positive Pay Fraud Prevention Service
- Remote Deposit Capture Service
- Merchant Services
- Credit Card Processing
- Debit Card Processing
- Gift Cards and Loyalty Programs
- Commercial Loans and Lines of Credit
Leadership Team
The leadership team at First Bancorp is made up of experienced professionals who are committed to providing exceptional customer service. The team includes:
Tony C. McKim, President & CEO: Tony has been with First Bancorp since 2003 and has over three decades of experience in the banking industry.
Susan Norton, Executive Vice President & Chief Financial Officer: Susan joined First Bancorp in 2015 and has over two decades of experience in finance.
Jeannette Goudreau, Executive Vice President & Chief Operating Officer: Jeannette has been with First Bancorp since 1999 and has over three decades of experience in banking operations.
Board of Directors
First Bancorp's board of directors is made up of individuals who have a wealth of experience in various industries. The board includes:
William F. Bower, Chairman: William is a retired attorney who served as the president and CEO at Bath Iron Works from 1986 to1996.
John W. Christie Jr., Vice Chairman: John is the founder and CEO at Christie's International Real Estate.
James H. Dowe III, Director: James is the president at Dowe & Wagner Inc., a construction company based in Maine.
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In addition to optimizing content for search engines, it's important to provide value to readers by offering comprehensive information about First Bancorp Inc. This will help establish the website as a reliable source of information and increase its credibility among readers.
Conclusion
First Bancorp Inc. has been providing financial services to individuals and businesses in Maine for over 150 years. With assets worth $1.6 billion, it has established itself as a leading financial institution in the state.
The bank holding company offers a wide range of products and services that cater to both personal banking needs as well as business banking requirements. Its leadership team is made up of experienced professionals who are committed to providing exceptional customer service.
To outrank other websites, it's important to optimize content for search engines while also providing value to readers by offering comprehensive information about First Bancorp Inc.
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