First Bancorp, Inc. /me/
The First Bancorp, Inc. is a publicly traded bank holding company headquartered in Damariscotta, Maine. It is the parent of First National Bank, a full-service community bank founded in 1864, which provides commercial and retail banking services, trust and investment management, as well as digital products through 18 branches along coastal and eastern Maine, and additional locations in the Bangor area. The company employs approximately 284 people and serves individuals, small businesses, nonprofits, and municipalities, focusing on the communities of Maine's coastal and northern regions.
Investment Strategy
The First Bancorp, Inc., through its subsidiary First National Bank, pursues an investment and lending strategy centered on organic growth in the communities it serves. It offers a wide variety of traditional banking services, including retail deposits and loans to individuals and small businesses, as well as investment management through its wealth management division. The bank emphasizes personal service, risk management, and supports community development by tailoring services to meet the needs of local clients, with a focus on the stability and growth of Maine's coastal and regional economies.
Top Holdings
Equity Positions (129)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
F FNLC | FIRST BANCORP INC | 10.76% | $18.7M | 737,505 | $29.09 | $25.41 | +$754.0K |
D DFAE | DIMENSIONAL EMERGING CORE EQUITY | 7.55% | $13.2M | 454,237 | $26.78 | $28.95 | +$4.8M |
V VO | VANGUARD | 5.93% | $10.3M | 36,918 | $220.47 | $279.83 | +$1.3M |
V VEA | VANGUARD | 5.59% | $9.7M | 170,703 | $46.28 | $57.01 | +$1.0M |
V VGT | VANGUARD | 3.55% | $6.2M | 9,318 | $349.48 | $663.28 | +$741.5K |