TROY, N.C.– The Board of Directors of First Bancorp (NASDAQ – FBNC), the parent company of First Bank, has declared a cash dividend on its common stock of $0.08 per share payable July 25, 2011 to shareholders of record as of June 30, 2011. The $0.08 per share dividend rate is the same as the rate declared in the comparable period of 2010.