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Stock impact report

FIRST BANCORP ANNOUNCES RETIREMENT OF DIRECTOR [Yahoo! Finance]

First Bancorp, Inc (ME) (FNLC) 
Company Research Source: Yahoo! Finance
Garrett from the First Bancorp and First Bank Board of Directors (the "Board of Directors") effective July 26, 2024 Mr. Garrett was the Founder and Chairman of the Board of Directors of GrandSouth Bank and CEO of GrandSouth Bancorporation from 1998 until its merger with the Company in 2023, at which time he joined the Company's Board of Directors. He was a member of the Executive & Loan Committee of First Bank. Mr. Garrett has over 50 years of banking experience, including roles as President and Chief Executive Officer and Chairman of the Board of several Upstate South Carolina banks. He co-founded First United Bancorporation, an Anderson, SC bank, in 1984 and served as its Chief Executive Officer until its sale to Regions Financial Corporation in March 1998 , prior to co-founding GrandSouth Bank and GrandSouth Bancorporation. Board of Directors Chairman and First Bancorp CEO, Richard Moore , said of Mr. Garrett's retirement, "On behalf of the Board of Directors, I want to thank Show less Read more
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