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Filed by: First Bancorp
Pursuant to Rule 425 under the Securities Act of 1933
Subject Company: First Bancorp
Registration File No. 333-34216
Newspaper Advertisement first published by First Savings
Bancorp, Inc. on June 5, 2000.
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Shareholders should read the Proxy Statement in conjunction with this message
Attention Shareholders
of First Savings Bancorp
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Here are the facts
about your dividend
and your shares of First Savings stock when the merger with First Bancorp
is approved
The merger agreement with First Bancorp provides that:
o The amount of the annual dividend you receive is
expected to increase from what you received last year.
o You can calculate the amount of the anticipated
annual dividend by multiplying the number of shares
you own now by $1.10. This compares to your current
rate of $1.04 per share.
o You will receive more shares after the merger. The
merger agreement provides for an exchange ratio of 1.2468.
As an example, if you now have 1,000 shares First Savings,
you will receive 1,246 shares of First Bancorp stock as a
result of the merger. (Fractional shares will be paid in cash.)
The Board of Directors of First Savings
urges all shareholders to vote "FOR" the merger.
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Questions?
If you have lost your proxy or have any questions,
please call us
at 910-692-6222
and we will assist you.
The above information has been provided by the board of directors of First
Savings Bancorp, Inc. First Bancorp and First Savings Bancorp have filed a joint
proxy statement/prospectus and other documents concerning the merger with the
United States Securities and Exchange Commission ("SEC") and have mailed the
joint proxy statement/prospectus to their shareholders. These documents contain
important information and we urge you to read the joint proxy
statement/prospectus and other documents filed with the SEC carefully. You can
obtain the documents free from the SEC's website, www.sec.gov. Our officers' and
directors' interests in First Savings (stock, contracts, etc.) are described in
First Savings' September 24, 1999 proxy statement which is also available on the
SEC website. In addition, you may obtain free copies of these documents from the
Corporate Secretary of First Savings Bancorp, P.O. Box 1657, Southern Pines,
North Carolina 28388-1657, telephone (910) 692-6222.
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