 In 2011, First Bancorp took over five Bank of Asheville branches with $210 million in assets after state regulators closed the bank.In 2013, First Bancorp moved its corporate headquarters from Troy, North Carolina to Southern Pines, North Carolina.On March 4, 2016, First Bancorp and First Community Bank announced a deal in which First Community would sell all three of its branches in Winston-Salem, North Carolina, and one each in Huntersville, North Carolina and Mooresville, North Carolina to First Bancorp.