trending Market Intelligence /marketintelligence/en/news-insights/trending/T8LTgL2EP45nmLR9d7NmnQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

N.C.-based First Bancorp reports share conversion related to private offering

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


N.C.-based First Bancorp reports share conversion related to private offering

Southern Pines, N.C.-based First Bancorp converted 728,706 shares of its series C convertible perpetual preferred stock, issued to Castle Creek Partners IV LP, into an equal number of common shares.

The company issued the preferred shares to Castle Creek in a private placement Dec. 21, 2012.

This issuance of the common shares took place Dec. 22, 2016, under an exchange agreement.

The company received no cash proceeds from the transaction.