FIRST BANCORP /NC/
10-C, 1996-09-16
STATE COMMERCIAL BANKS
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                                  FORM 10-C

                                UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D. C.  20549
                              ___________________
                   REPORT BY ISSUER OF SECURITIES QUOTED ON
                            THE NASDAQ STOCK MARKET
                 FILED PURSUANT TO SECTION 13 OR 15(d) OF THE
                       SECURITIES EXCHANGE ACT OF 1934
                     AND RULE 13a-17 OR 15d-17 THEREUNDER

                                FIRST BANCORP
            ------------------------------------------------------
              (Exact Name of Issuer as Specified in its Charter)

 341 North Main Street, Troy, North Carolina               27371-0508
 --------------------------------------------       ------------------------
   (Address of Principal Executive Offices)                (Zip Code)

   (Issuer's telephone number, including area code)     (910)576-6171
                                                    ------------------------

I.  CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of five percent or more in the
number of shares outstanding:

1.  Title of security         Common Stock, $5 par value
2.  Number of shares outstanding before the change       1,507,085 shares
3.  Number of shares outstanding after the change        3,014,170 shares
4.  Effective date of change         September 13, 1996
5.  Method of change:  Specify method (such as merger, acquisition, exchange,
    distribution, stock split, reverse split, acquisition of stock for
    treasury, etc.)           Two-for-one stock split
6.  Give brief description of transaction      Two-for-one stock split
    payable September 13, 1996 to shareholders of record August 30, 1996

II.  CHANGE IN NAME OF ISSUER

1.  Name prior to change      N/A
2.  Name after change         N/A
3.  Effective date of charter amendment changing name    N/A
4.  Date of shareholder approval of change, if required  N/A


      September 13, 1996                       /s/ Kirby A. Tyndall
     --------------------                      --------------------
                                               Kirby A. Tyndall
                                               Senior Vice President and
                                                 Chief Financial Officer
            (Date)                          (Officer's Signature and Title)

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